FET TO: 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.
FET TO
Largest movements
- Tangible fixed assets -€8,376
down €8,376 (-32.5%), from €25,737 to €17,361
of which Furniture and vehicles: -€8,148
- Cash -€4,245
down €4,245 (-16.7%), from €25,426 to €21,182
mainly Net result for the year (-€19,827) and Tax, wage and social debts (-€16,494)
- Receivables within one year -€2,293
no longer reported in 2022 (was €2,293)
- Profit (loss) carried forward -€19,827
down €19,827 (-46.3%), from -€42,785 to -€62,612
- Tax, wage and social debts -€16,494
down €16,494 (-30.8%), from €53,551 to €37,056
- Trade debts +€15,662
up €15,662 (+1,009%), from €1,552 to €17,214
- Other debts +€11,830
up €11,830 (+68.2%), from €17,336 to €29,166
- Provisions -€6,085
down €6,085 (-21.1%), from €28,827 to €22,742
- Turnover -€250,765
no longer reported in 2022 (was €250,765)
- Purchases and services -€86,975
no longer reported in 2022 (was €86,975)
- Staff costs +€33,836
up €33,836 (+17.7%), from €191,643 to €225,479
- Gross operating margin +€27,474
up €27,474 (+15.6%), from €176,039 to €203,513
- Financial income +€6,734
up €6,734 (+139%), from €4,856 to €11,590
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.
Derived cash bridge
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 | €100,080 | €85,166 | -€14,914 | -14.9% |
| Fixed assets | 21/28 | €25,737 | €17,361 | -€8,376 | -32.5% |
| Tangible fixed assets | 22/27 | €25,737 | €17,361 | -€8,376 | -32.5% |
| Plant, machinery and equipment | 23 | €1,825 | €1,597 | -€228 | -12.5% |
| Furniture and vehicles | 24 | €23,911 | €15,764 | -€8,148 | -34.1% |
| Current assets | 29/58 | €74,344 | €67,805 | -€6,538 | -8.8% |
| Amounts receivable after more than one year | 29 | €46,624 | €46,624 | = | 0.0% |
| Other amounts receivable | 291 | €46,624 | €46,624 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,293 | - | -€2,293 | |
| Other amounts receivable | 41 | €2,293 | - | -€2,293 | |
| Cash at bank and in hand | 54/58 | €25,426 | €21,182 | -€4,245 | -16.7% |
| Total equity and liabilities | 10/49 | €100,080 | €85,166 | -€14,914 | -14.9% |
| Equity | 10/15 | -€1,185 | -€21,012 | -€19,827 | -1,673% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,785 | -€62,612 | -€19,827 | -46.3% |
| Provisions and deferred taxes | 16 | €28,827 | €22,742 | -€6,085 | -21.1% |
| Provisions for liabilities and charges | 160/5 | €28,827 | €22,742 | -€6,085 | -21.1% |
| Other liabilities and charges | 164/5 | €28,827 | €22,742 | -€6,085 | -21.1% |
| Amounts payable | 17/49 | €72,438 | €83,436 | +€10,998 | +15.2% |
| Amounts payable within one year | 42/48 | €72,438 | €83,436 | +€10,998 | +15.2% |
| Trade debts | 44 | €1,552 | €17,214 | +€15,662 | +1,009% |
| Suppliers | 440/4 | €1,552 | €17,214 | +€15,662 | +1,009% |
| Taxes, remuneration and social security | 45 | €53,551 | €37,056 | -€16,494 | -30.8% |
| Remuneration and social security | 454/9 | €53,551 | €37,056 | -€16,494 | -30.8% |
| Other amounts payable | 47/48 | €17,336 | €29,166 | +€11,830 | +68.2% |
| Turnover | 70 | €250,765 | - | -€250,765 | |
| Goods, raw materials, services and sundry goods | 60/61 | €86,975 | - | -€86,975 | |
| Remuneration, social security and pensions | 62 | €191,643 | €225,479 | +€33,836 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,711 | €8,376 | +€665 | +8.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€6,085 | -€6,085 | = | 0.0% |
| Other operating charges | 640/8 | €3,186 | €4,408 | +€1,222 | +38.4% |
| Gross operating margin | 9900 | €176,039 | €203,513 | +€27,474 | +15.6% |
| Operating profit (loss) | 9901 | -€20,416 | -€28,664 | -€8,248 | -40.4% |
| Financial income | 75/76B | €4,856 | €11,590 | +€6,734 | +139% |
| Recurring financial income | 75 | €4,856 | €11,590 | +€6,734 | +139% |
| Financial charges | 65/66B | €563 | €45 | -€518 | -92.0% |
| Recurring financial charges | 65 | €563 | €45 | -€518 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,123 | -€17,119 | -€996 | -6.2% |
| Income taxes | 67/77 | - | €2,708 | +€2,708 | |
| Profit (loss) for the period | 9904 | -€16,123 | -€19,827 | -€3,704 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,123 | -€19,827 | -€3,704 | -23.0% |
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 21 October 2026 via checked.be.