EURONOVAK: what changed
EURONOVAK
Largest movements
- Receivables within one year -€43,102
down €43,102 (-19.5%), from €221,282 to €178,180
of which Other amounts receivable: -€27,405
- Financial fixed assets -€32,062
down €32,062 (-17.8%), from €180,262 to €148,200
- Deferred charges and accrued income -€25,000
no longer reported in 2023 (was €25,000)
- Cash +€20,523
new in 2023: €20,523
mainly Receivables within one year (+€43,102) and Investment in fixed assets (net) (+€32,062)
- Profit (loss) carried forward -€115,677
down €115,677, from €1,000 to -€114,677
- Trade debts +€29,969
up €29,969 (+26.7%), from €112,302 to €142,271
- Other operating charges +€88,566
up €88,566 (+19,359%), from €458 to €89,023
- Gross operating margin -€38,551
down €38,551, from €6,435 to -€32,116
- Financial income -€21,574
down €21,574 (-71.9%), from €30,000 to €8,426
- Financial charges +€1,087
up €1,087 (+57.9%), from €1,878 to €2,964
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €428,563 | €346,903 | -€81,660 | -19.1% |
| Fixed assets | 21/28 | €180,262 | €148,200 | -€32,062 | -17.8% |
| Financial fixed assets | 28 | €180,262 | €148,200 | -€32,062 | -17.8% |
| Current assets | 29/58 | €248,301 | €198,703 | -€49,598 | -20.0% |
| Amounts receivable within one year | 40/41 | €221,282 | €178,180 | -€43,102 | -19.5% |
| Trade receivables | 40 | €117,940 | €102,243 | -€15,697 | -13.3% |
| Other amounts receivable | 41 | €103,343 | €75,938 | -€27,405 | -26.5% |
| Current investments | 50/53 | €2,019 | - | -€2,019 | |
| Cash at bank and in hand | 54/58 | - | €20,523 | +€20,523 | |
| Deferred charges and accrued income | 490/1 | €25,000 | - | -€25,000 | |
| Total equity and liabilities | 10/49 | €428,563 | €346,903 | -€81,660 | -19.1% |
| Equity | 10/15 | €64,125 | -€51,552 | -€115,677 | |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €125 | €125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125 | €125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €125 | €125 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,000 | -€114,677 | -€115,677 | |
| Amounts payable | 17/49 | €364,438 | €398,455 | +€34,017 | +9.3% |
| Amounts payable within one year | 42/48 | €364,438 | €398,455 | +€34,017 | +9.3% |
| Financial debts | 43 | - | €39 | +€39 | |
| Credit institutions | 430/8 | - | €39 | +€39 | |
| Trade debts | 44 | €112,302 | €142,271 | +€29,969 | +26.7% |
| Suppliers | 440/4 | €112,302 | €142,271 | +€29,969 | +26.7% |
| Taxes, remuneration and social security | 45 | - | €470 | +€470 | |
| Taxes | 450/3 | - | €470 | +€470 | |
| Other amounts payable | 47/48 | €252,136 | €255,675 | +€3,539 | +1.4% |
| Other operating charges | 640/8 | €458 | €89,023 | +€88,566 | +19,359% |
| Gross operating margin | 9900 | €6,435 | -€32,116 | -€38,551 | |
| Operating profit (loss) | 9901 | €5,977 | -€121,139 | -€127,116 | |
| Financial income | 75/76B | €30,000 | €8,426 | -€21,574 | -71.9% |
| Recurring financial income | 75 | €30,000 | €8,426 | -€21,574 | -71.9% |
| Financial charges | 65/66B | €1,878 | €2,964 | +€1,087 | +57.9% |
| Recurring financial charges | 65 | €1,878 | €2,964 | +€1,087 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €34,100 | -€115,677 | -€149,777 | |
| Profit (loss) for the period | 9904 | €34,100 | -€115,677 | -€149,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,100 | -€115,677 | -€149,777 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.