FINANCES & SERVICES: 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.
FINANCES & SERVICES
Largest movements
- Intangible fixed assets -€171,000
no longer reported in 2023 (was €171,000)
- Cash +€148,251
up €148,251 (+1149.8%), from €12,893 to €161,144
mainly Net result for the year (+€206,796) and Investment in fixed assets (net) (+€171,000)
- Deferred charges and accrued income -€51,049
down €51,049 (-68.3%), from €74,766 to €23,717
- Receivables within one year +€25,000
up €25,000 (+11.5%), from €217,321 to €242,321
- Debts after one year -€335,852
no longer reported in 2023 (was €335,852)
- Reserves +€206,796
up €206,796 (+799.7%), from €25,860 to €232,656
of which Distributable reserves: +€206,796
- Tax, wage and social debts +€133,666
up €133,666 (+483.5%), from €27,643 to €161,309
of which Taxes: +€155,077
- Current portion of long-term debt -€37,693
down €37,693 (-98.5%), from €38,286 to €593
- Trade debts -€12,300
no longer reported in 2023 (was €12,300)
- Gross operating margin +€154,960
up €154,960 (+62.6%), from €247,653 to €402,613
- Staff costs -€99,270
down €99,270 (-53.8%), from €184,636 to €85,366
- Taxes +€86,439
up €86,439 (+573.1%), from €15,084 to €101,523
- Depreciation -€34,681
down €34,681 (-98.9%), from €35,060 to €379
- Financial charges -€5,151
down €5,151 (-40.3%), from €12,796 to €7,645
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 | €477,372 | €428,193 | -€49,178 | -10.3% |
| Fixed assets | 21/28 | €171,379 | - | -€171,379 | |
| Intangible fixed assets | 21 | €171,000 | - | -€171,000 | |
| Tangible fixed assets | 22/27 | €379 | - | -€379 | |
| Furniture and vehicles | 24 | €379 | - | -€379 | |
| Current assets | 29/58 | €305,993 | €428,193 | +€122,201 | +39.9% |
| Amounts receivable within one year | 40/41 | €217,321 | €242,321 | +€25,000 | +11.5% |
| Other amounts receivable | 41 | €217,321 | €242,321 | +€25,000 | +11.5% |
| Current investments | 50/53 | €1,012 | €1,012 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,893 | €161,144 | +€148,251 | +1149.8% |
| Deferred charges and accrued income | 490/1 | €74,766 | €23,717 | -€51,049 | -68.3% |
| Total equity and liabilities | 10/49 | €477,372 | €428,193 | -€49,178 | -10.3% |
| Equity | 10/15 | €55,361 | €262,157 | +€206,796 | +373.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,860 | €232,656 | +€206,796 | +799.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,000 | €230,796 | +€206,796 | +861.7% |
| Profit (loss) carried forward | 14 | €17,101 | €17,101 | = | 0.0% |
| Amounts payable | 17/49 | €422,011 | €166,037 | -€255,974 | -60.7% |
| Amounts payable after more than one year | 17 | €335,852 | - | -€335,852 | |
| Financial debts | 170/4 | €335,852 | - | -€335,852 | |
| Amounts payable within one year | 42/48 | €78,229 | €161,902 | +€83,674 | +107.0% |
| Current portion of amounts payable after more than one year | 42 | €38,286 | €593 | -€37,693 | -98.5% |
| Trade debts | 44 | €12,300 | - | -€12,300 | |
| Suppliers | 440/4 | €12,300 | - | -€12,300 | |
| Taxes, remuneration and social security | 45 | €27,643 | €161,309 | +€133,666 | +483.5% |
| Taxes | 450/3 | €6,232 | €161,309 | +€155,077 | +2488.5% |
| Remuneration and social security | 454/9 | €21,411 | - | -€21,411 | |
| Accrued charges and deferred income | 492/3 | €7,930 | €4,134 | -€3,796 | -47.9% |
| Non-recurring operating income | 76A | €1,723 | €398,488 | +€396,764 | +23024.1% |
| Remuneration, social security and pensions | 62 | €184,636 | €85,366 | -€99,270 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,060 | €379 | -€34,681 | -98.9% |
| Other operating charges | 640/8 | €452 | €904 | +€452 | +100.1% |
| Gross operating margin | 9900 | €247,653 | €402,613 | +€154,960 | +62.6% |
| Operating profit (loss) | 9901 | €27,505 | €315,964 | +€288,459 | +1048.8% |
| Financial charges | 65/66B | €12,796 | €7,645 | -€5,151 | -40.3% |
| Recurring financial charges | 65 | €12,796 | €7,645 | -€5,151 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €14,708 | €308,319 | +€293,611 | +1996.2% |
| Income taxes | 67/77 | €15,084 | €101,523 | +€86,439 | +573.1% |
| Profit (loss) for the period | 9904 | -€376 | €206,796 | +€207,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€376 | €206,796 | +€207,172 |
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 7 October 2026 via checked.be.