ESSAADA FIRST: 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.
ESSAADA FIRST
Largest movements
- Stocks and contracts -€4,708
down €4,708 (-88.8%), from €5,302 to €595
- Receivables within one year -€2,268
down €2,268 (-60.9%), from €3,725 to €1,457
- Deferred charges and accrued income -€838
no longer reported in 2023 (was €838)
- Cash -€686
down €686 (-74.4%), from €922 to €236
mainly Net result for the year (-€31,334) and Trade debts (-€511)
- Profit (loss) carried forward -€31,334
down €31,334 (-125%), from -€25,053 to -€56,388
- Tax, wage and social debts +€20,050
up €20,050 (+2,529%), from €793 to €20,843
of which Remuneration and social security: +€20,050
- Other debts +€3,295
up €3,295 (+30.8%), from €10,688 to €13,983
- Trade debts -€511
down €511 (-57.9%), from €881 to €371
- Gross operating margin -€36,970
down €36,970, from €9,459 to -€27,511
- Write-downs +€3,567
new in 2023: €3,567
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 | €10,787 | €2,287 | -€8,500 | -78.8% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €10,787 | €2,287 | -€8,500 | -78.8% |
| Stocks and contracts in progress | 3 | €5,302 | €595 | -€4,708 | -88.8% |
| Stocks | 30/36 | €5,302 | €595 | -€4,708 | -88.8% |
| Amounts receivable within one year | 40/41 | €3,725 | €1,457 | -€2,268 | -60.9% |
| Other amounts receivable | 41 | €3,725 | €1,457 | -€2,268 | -60.9% |
| Cash at bank and in hand | 54/58 | €922 | €236 | -€686 | -74.4% |
| Deferred charges and accrued income | 490/1 | €838 | - | -€838 | |
| Total equity and liabilities | 10/49 | €10,787 | €2,287 | -€8,500 | -78.8% |
| Equity | 10/15 | -€1,575 | -€32,909 | -€31,334 | -1,989% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,878 | €4,878 | = | 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% |
| Distributable reserves | 133 | €3,018 | €3,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,053 | -€56,388 | -€31,334 | -125% |
| Amounts payable | 17/49 | €12,362 | €35,197 | +€22,835 | +185% |
| Amounts payable within one year | 42/48 | €12,362 | €35,197 | +€22,835 | +185% |
| Trade debts | 44 | €881 | €371 | -€511 | -57.9% |
| Suppliers | 440/4 | €881 | €371 | -€511 | -57.9% |
| Taxes, remuneration and social security | 45 | €793 | €20,843 | +€20,050 | +2,529% |
| Taxes | 450/3 | €793 | €793 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €20,050 | +€20,050 | |
| Other amounts payable | 47/48 | €10,688 | €13,983 | +€3,295 | +30.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,567 | +€3,567 | |
| Gross operating margin | 9900 | €9,459 | -€27,511 | -€36,970 | |
| Operating profit (loss) | 9901 | €9,459 | -€31,078 | -€40,537 | |
| Financial charges | 65/66B | €45 | €134 | +€89 | +196% |
| Recurring financial charges | 65 | €45 | €134 | +€89 | +196% |
| Profit (loss) for the period before taxes | 9903 | €9,413 | -€31,212 | -€40,626 | |
| Income taxes | 67/77 | €115 | €122 | +€7 | +5.9% |
| Profit (loss) for the period | 9904 | €9,298 | -€31,334 | -€40,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,298 | -€31,334 | -€40,632 |
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 22 October 2026 via checked.be.