DUPGRADE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DUPGRADE
Largest movements
- Receivables within one year +€2,347
up €2,347 (+26.6%), from €8,820 to €11,167
of which Trade receivables: +€2,035
- Tangible fixed assets -€2,265
down €2,265 (-36.6%), from €6,182 to €3,917
of which Plant, machinery and equipment: -€1,888
- Cash +€1,076
up €1,076 (+936.4%), from €115 to €1,191
mainly Other debts (+€10,159) and Depreciation (+€2,265)
- Stocks and contracts +€427
up €427 (+10.7%), from €4,005 to €4,432
- Other debts +€10,159
up €10,159 (+62.3%), from €16,297 to €26,456
- Profit (loss) carried forward -€7,038
down €7,038 (-43.2%), from -€16,278 to -€23,316
- Trade debts -€1,518
down €1,518 (-54.9%), from €2,767 to €1,249
- Gross operating margin +€9,099
up €9,099 (+68.0%), from -€13,389 to -€4,290
- Depreciation -€243
down €243 (-9.7%), from €2,508 to €2,265
From the 2022 result to the 2023 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,402 | €20,999 | +€1,597 | +8.2% |
| Fixed assets | 21/28 | €6,182 | €3,917 | -€2,265 | -36.6% |
| Tangible fixed assets | 22/27 | €6,182 | €3,917 | -€2,265 | -36.6% |
| Plant, machinery and equipment | 23 | €5,396 | €3,508 | -€1,888 | -35.0% |
| Furniture and vehicles | 24 | €786 | €409 | -€377 | -48.0% |
| Current assets | 29/58 | €13,220 | €17,082 | +€3,862 | +29.2% |
| Stocks and contracts in progress | 3 | €4,005 | €4,432 | +€427 | +10.7% |
| Stocks | 30/36 | €4,005 | €4,432 | +€427 | +10.7% |
| Amounts receivable within one year | 40/41 | €8,820 | €11,167 | +€2,347 | +26.6% |
| Trade receivables | 40 | €3,206 | €5,241 | +€2,035 | +63.5% |
| Other amounts receivable | 41 | €5,614 | €5,926 | +€312 | +5.6% |
| Cash at bank and in hand | 54/58 | €115 | €1,191 | +€1,076 | +936.4% |
| Deferred charges and accrued income | 490/1 | €280 | €292 | +€12 | +4.2% |
| Total equity and liabilities | 10/49 | €19,402 | €20,999 | +€1,597 | +8.2% |
| Equity | 10/15 | €237 | -€6,801 | -€7,038 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,515 | €11,515 | = | 0.0% |
| Distributable reserves | 133 | €11,515 | €11,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,278 | -€23,316 | -€7,038 | -43.2% |
| Amounts payable | 17/49 | €19,165 | €27,800 | +€8,635 | +45.1% |
| Amounts payable within one year | 42/48 | €19,064 | €27,705 | +€8,641 | +45.3% |
| Trade debts | 44 | €2,767 | €1,249 | -€1,518 | -54.9% |
| Suppliers | 440/4 | €2,767 | €1,249 | -€1,518 | -54.9% |
| Other amounts payable | 47/48 | €16,297 | €26,456 | +€10,159 | +62.3% |
| Accrued charges and deferred income | 492/3 | €101 | €95 | -€6 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,508 | €2,265 | -€243 | -9.7% |
| Other operating charges | 640/8 | €348 | €448 | +€101 | +28.9% |
| Gross operating margin | 9900 | -€13,389 | -€4,290 | +€9,099 | +68.0% |
| Operating profit (loss) | 9901 | -€16,244 | -€7,003 | +€9,241 | +56.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €34 | €35 | +€1 | +3.3% |
| Recurring financial charges | 65 | €34 | €35 | +€1 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,278 | -€7,038 | +€9,240 | +56.8% |
| Profit (loss) for the period | 9904 | -€16,278 | -€7,038 | +€9,240 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,278 | -€7,038 | +€9,240 | +56.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.