EURASIAPATCHWORK: what changed
Two fiscal 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.
EURASIAPATCHWORK
Largest movements
- Stocks and contracts -€1.1m
no longer reported in 2023 (was €1.1m)
- Receivables within one year -€926,511
down €926,511 (-47.6%), from €1.9m to €1.0m
of which Trade receivables: -€823,050
- Current investments -€158,225
down €158,225 (-30.9%), from €512,479 to €354,254
- Profit (loss) carried forward -€1.4m
down €1.4m (-70.7%), from €1.9m to €568,498
- Trade debts -€643,115
down €643,115 (-28.0%), from €2.3m to €1.7m
- Other debts -€103,353
down €103,353 (-15.4%), from €669,260 to €565,907
- Financial charges +€1.0m
up €1.0m (+934.6%), from €110,377 to €1.1m
of which Non-recurring financial charges: +€1.1m
- Gross operating margin +€703,189
up €703,189 (+76.6%), from -€917,585 to -€214,396
- Depreciation -€31,274
no longer reported in 2023 (was €31,274)
- Taxes -€20,848
down €20,848 (-68.4%), from €30,492 to €9,644
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.
Cash bridge derived
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 | €5,621,607 | €3,490,807 | -€2.1m | -37.9% |
| Fixed assets | 21/28 | €1,618,760 | €1,618,760 | = | 0.0% |
| Financial fixed assets | 28 | €1,618,760 | €1,618,760 | = | 0.0% |
| Current assets | 29/58 | €4,002,847 | €1,872,047 | -€2.1m | -53.2% |
| Stocks and contracts in progress | 3 | €1,052,500 | - | -€1.1m | |
| Stocks | 30/36 | €1,052,500 | - | -€1.1m | |
| Amounts receivable within one year | 40/41 | €1,946,984 | €1,020,473 | -€926,511 | -47.6% |
| Trade receivables | 40 | €1,794,132 | €971,082 | -€823,050 | -45.9% |
| Other amounts receivable | 41 | €152,852 | €49,391 | -€103,461 | -67.7% |
| Current investments | 50/53 | €512,479 | €354,254 | -€158,225 | -30.9% |
| Cash at bank and in hand | 54/58 | €490,885 | €497,320 | +€6,435 | +1.3% |
| Total equity and liabilities | 10/49 | €5,621,607 | €3,490,807 | -€2.1m | -37.9% |
| Equity | 10/15 | €2,236,579 | €863,958 | -€1.4m | -61.4% |
| Contributions | 10/11 | €268,600 | €268,600 | = | 0.0% |
| Outside capital | 11 | €268,600 | €268,600 | = | 0.0% |
| Share premium | 1100/10 | €268,600 | €268,600 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,860 | €26,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,860 | €26,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,941,119 | €568,498 | -€1.4m | -70.7% |
| Amounts payable | 17/49 | €3,385,028 | €2,626,849 | -€758,179 | -22.4% |
| Amounts payable within one year | 42/48 | €3,380,317 | €2,626,849 | -€753,468 | -22.3% |
| Trade debts | 44 | €2,297,480 | €1,654,365 | -€643,115 | -28.0% |
| Suppliers | 440/4 | €2,297,480 | €1,654,365 | -€643,115 | -28.0% |
| Taxes, remuneration and social security | 45 | €413,577 | €406,577 | -€7,000 | -1.7% |
| Taxes | 450/3 | €413,577 | €406,577 | -€7,000 | -1.7% |
| Other amounts payable | 47/48 | €669,260 | €565,907 | -€103,353 | -15.4% |
| Accrued charges and deferred income | 492/3 | €4,711 | - | -€4,711 | |
| Remuneration, social security and pensions | 62 | €131 | €73 | -€58 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,274 | - | -€31,274 | |
| Other operating charges | 640/8 | €4,847 | €6,528 | +€1,680 | +34.7% |
| Gross operating margin | 9900 | -€917,585 | -€214,396 | +€703,189 | +76.6% |
| Operating profit (loss) | 9901 | -€953,838 | -€220,997 | +€732,840 | +76.8% |
| Financial income | 75/76B | €1,132 | €1 | -€1,131 | -99.9% |
| Recurring financial income | 75 | €1,132 | €1 | -€1,131 | -99.9% |
| Financial charges | 65/66B | €110,377 | €1,141,981 | +€1.0m | +934.6% |
| Recurring financial charges | 65 | €110,377 | €89,481 | -€20,896 | -18.9% |
| Non-recurring financial charges | 66B | - | €1,052,500 | +€1.1m | |
| Profit (loss) for the period before taxes | 9903 | -€1,063,083 | -€1,362,977 | -€299,895 | -28.2% |
| Income taxes | 67/77 | €30,492 | €9,644 | -€20,848 | -68.4% |
| Profit (loss) for the period | 9904 | -€1,093,575 | -€1,372,621 | -€279,047 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,093,575 | -€1,372,621 | -€279,047 | -25.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.