ETS CONTRASTES: 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.
ETS CONTRASTES
Largest movements
- Receivables within one year +€19,203
up €19,203 (+103.8%), from €18,500 to €37,703
of which Trade receivables: +€11,029
- Tangible fixed assets +€14,256
up €14,256 (+994.5%), from €1,434 to €15,690
- Cash -€7,983
no longer reported in 2022 (was €7,983)
mainly Receivables within one year (-€19,203) and Investment in fixed assets (net) (-€15,432)
- Debts after one year +€12,218
new in 2022: €12,218
- Trade debts +€9,568
up €9,568 (+140.9%), from €6,789 to €16,357
- Short-term financial debts +€8,073
new in 2022: €8,073
- Profit (loss) carried forward -€6,814
new in 2022: -€6,814
- Current portion of long-term debt +€3,669
new in 2022: €3,669
- Gross operating margin -€20,286
down €20,286, from €15,475 to -€4,811
- Taxes -€3,666
no longer reported in 2022 (was €3,666)
- Depreciation +€704
up €704 (+154.3%), from €457 to €1,161
- Financial charges +€443
up €443 (+7383.3%), from €6 to €449
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.
Cash bridge derived
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 | €28,779 | €54,270 | +€25,491 | +88.6% |
| Formation expenses | 20 | €862 | €766 | -€96 | -11.2% |
| Fixed assets | 21/28 | €1,434 | €15,801 | +€14,367 | +1002.2% |
| Tangible fixed assets | 22/27 | €1,434 | €15,690 | +€14,256 | +994.5% |
| Furniture and vehicles | 24 | €1,434 | €15,690 | +€14,256 | +994.5% |
| Financial fixed assets | 28 | - | €111 | +€111 | |
| Current assets | 29/58 | €26,483 | €37,703 | +€11,220 | +42.4% |
| Amounts receivable within one year | 40/41 | €18,500 | €37,703 | +€19,203 | +103.8% |
| Trade receivables | 40 | €18,500 | €29,529 | +€11,029 | +59.6% |
| Other amounts receivable | 41 | - | €8,174 | +€8,174 | |
| Cash at bank and in hand | 54/58 | €7,983 | - | -€7,983 | |
| Total equity and liabilities | 10/49 | €28,779 | €54,270 | +€25,491 | +88.6% |
| Equity | 10/15 | €12,499 | €5,685 | -€6,814 | -54.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €10,999 | €10,999 | -€0 | 0.0% |
| Distributable reserves | 133 | €10,999 | €10,999 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,814 | -€6,814 | |
| Amounts payable | 17/49 | €16,280 | €48,585 | +€32,305 | +198.4% |
| Amounts payable after more than one year | 17 | - | €12,218 | +€12,218 | |
| Financial debts | 170/4 | - | €12,218 | +€12,218 | |
| Amounts payable within one year | 42/48 | €16,280 | €36,367 | +€20,087 | +123.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,669 | +€3,669 | |
| Financial debts | 43 | - | €8,073 | +€8,073 | |
| Credit institutions | 430/8 | - | €8,073 | +€8,073 | |
| Trade debts | 44 | €6,789 | €16,357 | +€9,568 | +140.9% |
| Suppliers | 440/4 | €6,789 | €16,357 | +€9,568 | +140.9% |
| Taxes, remuneration and social security | 45 | €5,001 | €6,947 | +€1,946 | +38.9% |
| Taxes | 450/3 | €5,001 | €6,947 | +€1,946 | +38.9% |
| Other amounts payable | 47/48 | €4,489 | €1,321 | -€3,168 | -70.6% |
| Non-recurring operating income | 76A | - | €295 | +€295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €1,161 | +€704 | +154.3% |
| Other operating charges | 640/8 | €348 | €398 | +€51 | +14.5% |
| Gross operating margin | 9900 | €15,475 | -€4,811 | -€20,286 | |
| Operating profit (loss) | 9901 | €14,671 | -€6,370 | -€21,041 | |
| Financial income | 75/76B | €1 | €5 | +€4 | +300.0% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +300.0% |
| Financial charges | 65/66B | €6 | €449 | +€443 | +7383.3% |
| Recurring financial charges | 65 | €6 | €449 | +€443 | +7383.3% |
| Profit (loss) for the period before taxes | 9903 | €14,666 | -€6,814 | -€21,480 | |
| Income taxes | 67/77 | €3,666 | - | -€3,666 | |
| Profit (loss) for the period | 9904 | €10,999 | -€6,814 | -€17,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,999 | -€6,814 | -€17,813 |
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 12 October 2026 via checked.be.