Elegance: 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.
Elegance
Largest movements
- Receivables within one year -€2,758
down €2,758 (-93.5%), from €2,949 to €191
of which Trade receivables: -€2,750
- Tangible fixed assets -€514
down €514 (-33.3%), from €1,543 to €1,029
- Cash +€157
up €157 (+12.2%), from €1,291 to €1,448
mainly Receivables within one year (+€2,758) and Trade debts (+€2,586)
- Profit (loss) carried forward -€5,544
down €5,544 (-2,404%), from -€231 to -€5,775
- Trade debts +€2,586
up €2,586 (+7,439%), from €35 to €2,620
- Tax, wage and social debts -€157
down €157 (-30.9%), from €508 to €351
- Gross operating margin -€12,938
down €12,938, from €8,964 to -€3,974
- Financial charges -€101
down €101 (-48.0%), from €210 to €109
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 | €6,542 | €3,427 | -€3,115 | -47.6% |
| Fixed assets | 21/28 | €1,543 | €1,029 | -€514 | -33.3% |
| Tangible fixed assets | 22/27 | €1,543 | €1,029 | -€514 | -33.3% |
| Plant, machinery and equipment | 23 | €1,543 | €1,029 | -€514 | -33.3% |
| Current assets | 29/58 | €4,999 | €2,398 | -€2,601 | -52.0% |
| Stocks and contracts in progress | 3 | €760 | €760 | = | 0.0% |
| Stocks | 30/36 | €760 | €760 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,949 | €191 | -€2,758 | -93.5% |
| Trade receivables | 40 | €2,750 | - | -€2,750 | |
| Other amounts receivable | 41 | €199 | €191 | -€8 | -4.0% |
| Cash at bank and in hand | 54/58 | €1,291 | €1,448 | +€157 | +12.2% |
| Total equity and liabilities | 10/49 | €6,542 | €3,427 | -€3,115 | -47.6% |
| Equity | 10/15 | €6,000 | €455 | -€5,544 | -92.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €30 | €30 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30 | €30 | = | 0.0% |
| Legal reserve | 130 | €30 | - | -€30 | |
| Reserves not available under the articles | 1311 | - | €30 | +€30 | |
| Profit (loss) carried forward | 14 | -€231 | -€5,775 | -€5,544 | -2,404% |
| Amounts payable | 17/49 | €542 | €2,971 | +€2,429 | +448% |
| Amounts payable within one year | 42/48 | €542 | €2,971 | +€2,429 | +448% |
| Trade debts | 44 | €35 | €2,620 | +€2,586 | +7,439% |
| Suppliers | 440/4 | €35 | €2,620 | +€2,586 | +7,439% |
| Taxes, remuneration and social security | 45 | €508 | €351 | -€157 | -30.9% |
| Taxes | 450/3 | €508 | €351 | -€157 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514 | €514 | = | 0.0% |
| Other operating charges | 640/8 | €923 | €959 | +€35 | +3.8% |
| Gross operating margin | 9900 | €8,964 | -€3,974 | -€12,938 | |
| Operating profit (loss) | 9901 | €7,526 | -€5,448 | -€12,974 | |
| Financial income | 75/76B | €13 | €13 | +€0 | +0.1% |
| Recurring financial income | 75 | €13 | €13 | +€0 | +0.1% |
| Financial charges | 65/66B | €210 | €109 | -€101 | -48.0% |
| Recurring financial charges | 65 | €210 | €109 | -€101 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €7,328 | -€5,544 | -€12,873 | |
| Profit (loss) for the period | 9904 | €7,328 | -€5,544 | -€12,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,328 | -€5,544 | -€12,873 |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.