EK Project: 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.
EK Project
Largest movements
- Receivables within one year +€13,599
up €13,599 (+46.0%), from €29,582 to €43,182
of which Other amounts receivable: +€8,532
- Tangible fixed assets +€13,256
up €13,256 (+39.6%), from €33,498 to €46,754
- Cash +€9,757
up €9,757 (+235%), from €4,144 to €13,901
mainly Depreciation (+€17,622) and Tax, wage and social debts (+€16,674)
- Deferred charges and accrued income +€1,073
new in 2022: €1,073
- Tax, wage and social debts +€16,674
up €16,674 (+1,197%), from €1,392 to €18,067
of which Remuneration and social security: +€9,471
- Profit (loss) carried forward +€12,029
up €12,029 (+64.8%), from €18,550 to €30,579
- Trade debts +€8,320
up €8,320 (+201%), from €4,132 to €12,451
- Accrued charges and deferred income +€6,100
new in 2022: €6,100
- Debts after one year -€5,405
down €5,405 (-26.9%), from €20,101 to €14,696
- Turnover +€99,600
up €99,600 (+102%), from €97,745 to €197,346
- Gross operating margin +€53,593
up €53,593 (+184%), from €29,179 to €82,772
- Purchases and services +€45,633
up €45,633 (+66.2%), from €68,941 to €114,574
- Staff costs +€38,522
up €38,522 (+1,927%), from €1,999 to €40,521
- Depreciation +€8,425
up €8,425 (+91.6%), from €9,197 to €17,622
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,428 | €105,298 | +€37,870 | +56.2% |
| Fixed assets | 21/28 | €33,701 | €47,142 | +€13,441 | +39.9% |
| Tangible fixed assets | 22/27 | €33,498 | €46,754 | +€13,256 | +39.6% |
| Furniture and vehicles | 24 | €33,498 | €46,754 | +€13,256 | +39.6% |
| Financial fixed assets | 28 | €203 | €388 | +€185 | +91.0% |
| Current assets | 29/58 | €33,727 | €58,156 | +€24,429 | +72.4% |
| Amounts receivable within one year | 40/41 | €29,582 | €43,182 | +€13,599 | +46.0% |
| Trade receivables | 40 | €4,217 | €9,285 | +€5,068 | +120% |
| Other amounts receivable | 41 | €25,365 | €33,897 | +€8,532 | +33.6% |
| Cash at bank and in hand | 54/58 | €4,144 | €13,901 | +€9,757 | +235% |
| Deferred charges and accrued income | 490/1 | - | €1,073 | +€1,073 | |
| Total equity and liabilities | 10/49 | €67,428 | €105,298 | +€37,870 | +56.2% |
| Equity | 10/15 | €36,550 | €48,579 | +€12,029 | +32.9% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,550 | €30,579 | +€12,029 | +64.8% |
| Amounts payable | 17/49 | €30,878 | €56,719 | +€25,841 | +83.7% |
| Amounts payable after more than one year | 17 | €20,101 | €14,696 | -€5,405 | -26.9% |
| Financial debts | 170/4 | €20,101 | €14,696 | -€5,405 | -26.9% |
| Amounts payable within one year | 42/48 | €10,777 | €35,923 | +€25,146 | +233% |
| Current portion of amounts payable after more than one year | 42 | €5,253 | €5,405 | +€152 | +2.9% |
| Trade debts | 44 | €4,132 | €12,451 | +€8,320 | +201% |
| Suppliers | 440/4 | €4,132 | €12,451 | +€8,320 | +201% |
| Taxes, remuneration and social security | 45 | €1,392 | €18,067 | +€16,674 | +1,197% |
| Taxes | 450/3 | - | €7,203 | +€7,203 | |
| Remuneration and social security | 454/9 | €1,392 | €10,864 | +€9,471 | +680% |
| Accrued charges and deferred income | 492/3 | - | €6,100 | +€6,100 | |
| Turnover | 70 | €97,745 | €197,346 | +€99,600 | +102% |
| Non-recurring operating income | 76A | €374 | - | -€374 | |
| Goods, raw materials, services and sundry goods | 60/61 | €68,941 | €114,574 | +€45,633 | +66.2% |
| Remuneration, social security and pensions | 62 | €1,999 | €40,521 | +€38,522 | +1,927% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,197 | €17,622 | +€8,425 | +91.6% |
| Other operating charges | 640/8 | €2,393 | €3,433 | +€1,040 | +43.4% |
| Non-recurring operating charges | 66A | - | €773 | +€773 | |
| Gross operating margin | 9900 | €29,179 | €82,772 | +€53,593 | +184% |
| Operating profit (loss) | 9901 | €15,591 | €20,424 | +€4,833 | +31.0% |
| Financial income | 75/76B | €1,066 | €1,898 | +€832 | +78.0% |
| Recurring financial income | 75 | €1,066 | €1,898 | +€832 | +78.0% |
| Financial charges | 65/66B | €647 | €3,177 | +€2,530 | +391% |
| Recurring financial charges | 65 | €647 | €3,177 | +€2,530 | +391% |
| Profit (loss) for the period before taxes | 9903 | €16,009 | €19,144 | +€3,135 | +19.6% |
| Income taxes | 67/77 | €589 | €7,115 | +€6,526 | +1,108% |
| Profit (loss) for the period | 9904 | €15,420 | €12,029 | -€3,391 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,420 | €12,029 | -€3,391 | -22.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.