Edu smith: 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.
Edu smith
Largest movements
- Receivables within one year -€25,493
down €25,493 (-68.9%), from €37,007 to €11,514
of which Trade receivables: -€19,061
- Cash -€1,170
down €1,170 (-46.7%), from €2,506 to €1,336
mainly Net result for the year (-€19,783) and Trade debts (-€16,188)
- Tangible fixed assets -€1,126
down €1,126 (-37.2%), from €3,025 to €1,899
- Profit (loss) carried forward -€19,783
down €19,783 (-258%), from -€7,675 to -€27,458
- Trade debts -€16,188
down €16,188 (-52.9%), from €30,611 to €14,423
- Other debts +€9,062
new in 2023: €9,062
- Tax, wage and social debts -€881
down €881 (-31.1%), from €2,834 to €1,953
- Other operating charges -€22,990
down €22,990 (-94.6%), from €24,292 to €1,302
- Gross operating margin +€12,949
up €12,949 (+40.8%), from -€31,772 to -€18,823
- Depreciation +€768
up €768 (+214%), from €358 to €1,126
- Staff costs +€351
new in 2023: €351
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.
Derived cash bridge
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 | €42,830 | €15,041 | -€27,789 | -64.9% |
| Fixed assets | 21/28 | €3,317 | €2,191 | -€1,126 | -33.9% |
| Tangible fixed assets | 22/27 | €3,025 | €1,899 | -€1,126 | -37.2% |
| Furniture and vehicles | 24 | €3,025 | €1,899 | -€1,126 | -37.2% |
| Financial fixed assets | 28 | €292 | €292 | = | 0.0% |
| Current assets | 29/58 | €39,513 | €12,850 | -€26,663 | -67.5% |
| Amounts receivable within one year | 40/41 | €37,007 | €11,514 | -€25,493 | -68.9% |
| Trade receivables | 40 | €30,575 | €11,514 | -€19,061 | -62.3% |
| Other amounts receivable | 41 | €6,432 | - | -€6,432 | |
| Cash at bank and in hand | 54/58 | €2,506 | €1,336 | -€1,170 | -46.7% |
| Total equity and liabilities | 10/49 | €42,830 | €15,041 | -€27,789 | -64.9% |
| Equity | 10/15 | €9,385 | -€10,398 | -€19,783 | |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,675 | -€27,458 | -€19,783 | -258% |
| Amounts payable | 17/49 | €33,445 | €25,439 | -€8,006 | -23.9% |
| Amounts payable within one year | 42/48 | €33,445 | €25,439 | -€8,006 | -23.9% |
| Trade debts | 44 | €30,611 | €14,423 | -€16,188 | -52.9% |
| Suppliers | 440/4 | €30,611 | €14,423 | -€16,188 | -52.9% |
| Taxes, remuneration and social security | 45 | €2,834 | €1,953 | -€881 | -31.1% |
| Taxes | 450/3 | €2,834 | €1,953 | -€881 | -31.1% |
| Other amounts payable | 47/48 | - | €9,062 | +€9,062 | |
| Remuneration, social security and pensions | 62 | - | €351 | +€351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €1,126 | +€768 | +214% |
| Other operating charges | 640/8 | €24,292 | €1,302 | -€22,990 | -94.6% |
| Gross operating margin | 9900 | -€31,772 | -€18,823 | +€12,949 | +40.8% |
| Operating profit (loss) | 9901 | -€56,422 | -€21,602 | +€34,820 | +61.7% |
| Financial income | 75/76B | €2,365 | €2,065 | -€301 | -12.7% |
| Recurring financial income | 75 | €2,365 | €2,065 | -€301 | -12.7% |
| Financial charges | 65/66B | €152 | €145 | -€8 | -5.0% |
| Recurring financial charges | 65 | €152 | €145 | -€8 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,210 | -€19,682 | +€34,528 | +63.7% |
| Income taxes | 67/77 | - | €101 | +€101 | |
| Profit (loss) for the period | 9904 | -€54,210 | -€19,783 | +€34,427 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,210 | -€19,783 | +€34,427 | +63.5% |
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 25 October 2026 via checked.be.