Form.: 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.
Form.
Largest movements
- Intangible fixed assets +€52,392
new in 2023: €52,392
- Receivables within one year -€27,994
down €27,994 (-55.8%), from €50,136 to €22,142
of which Other amounts receivable: -€32,407
- Tangible fixed assets -€9,073
down €9,073 (-24.7%), from €36,718 to €27,646
- Cash +€6,353
up €6,353 (+34.0%), from €18,682 to €25,035
mainly Trade debts (+€33,424) and Receivables within one year (+€27,994)
- Trade debts +€33,424
up €33,424 (+173.0%), from €19,323 to €52,746
- Reserves -€18,572
down €18,572 (-43.6%), from €42,586 to €24,013
of which Distributable reserves: -€18,572
- Other debts +€10,173
up €10,173 (+72.7%), from €13,990 to €24,163
- Short-term financial debts -€3,803
down €3,803 (-60.3%), from €6,306 to €2,503
- Accrued charges and deferred income +€1,702
up €1,702 (+48.4%), from €3,513 to €5,215
- Gross operating margin -€35,654
down €35,654, from €28,552 to -€7,101
- Taxes -€7,803
no longer reported in 2023 (was €7,803)
- Other operating charges -€1,792
down €1,792 (-74.4%), from €2,409 to €617
- Staff costs -€1,670
down €1,670 (-88.8%), from €1,879 to €210
- Depreciation -€1,473
down €1,473 (-14.0%), from €10,546 to €9,073
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 | €110,471 | €132,456 | +€21,985 | +19.9% |
| Fixed assets | 21/28 | €38,937 | €82,256 | +€43,319 | +111.3% |
| Intangible fixed assets | 21 | - | €52,392 | +€52,392 | |
| Tangible fixed assets | 22/27 | €36,718 | €27,646 | -€9,073 | -24.7% |
| Plant, machinery and equipment | 23 | €10,772 | €7,233 | -€3,539 | -32.9% |
| Furniture and vehicles | 24 | €3,815 | €2,139 | -€1,676 | -43.9% |
| Other tangible fixed assets | 26 | €22,131 | €18,274 | -€3,858 | -17.4% |
| Financial fixed assets | 28 | €2,219 | €2,219 | = | 0.0% |
| Current assets | 29/58 | €71,534 | €50,199 | -€21,334 | -29.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,670 | €1,802 | +€132 | +7.9% |
| Stocks | 30/36 | €1,670 | €1,802 | +€132 | +7.9% |
| Amounts receivable within one year | 40/41 | €50,136 | €22,142 | -€27,994 | -55.8% |
| Trade receivables | 40 | €16,845 | €21,257 | +€4,413 | +26.2% |
| Other amounts receivable | 41 | €33,291 | €884 | -€32,407 | -97.3% |
| Cash at bank and in hand | 54/58 | €18,682 | €25,035 | +€6,353 | +34.0% |
| Deferred charges and accrued income | 490/1 | €1,046 | €1,221 | +€176 | +16.8% |
| Total equity and liabilities | 10/49 | €110,471 | €132,456 | +€21,985 | +19.9% |
| Equity | 10/15 | €61,186 | €42,613 | -€18,572 | -30.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,586 | €24,013 | -€18,572 | -43.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €40,726 | €22,153 | -€18,572 | -45.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €49,285 | €89,842 | +€40,557 | +82.3% |
| Amounts payable within one year | 42/48 | €45,772 | €84,627 | +€38,856 | +84.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €6,306 | €2,503 | -€3,803 | -60.3% |
| Credit institutions | 430/8 | €6,306 | €2,503 | -€3,803 | -60.3% |
| Trade debts | 44 | €19,323 | €52,746 | +€33,424 | +173.0% |
| Suppliers | 440/4 | €19,323 | €52,746 | +€33,424 | +173.0% |
| Taxes, remuneration and social security | 45 | €6,153 | €5,215 | -€938 | -15.2% |
| Taxes | 450/3 | €6,153 | €5,115 | -€1,038 | -16.9% |
| Remuneration and social security | 454/9 | - | €100 | +€100 | |
| Other amounts payable | 47/48 | €13,990 | €24,163 | +€10,173 | +72.7% |
| Accrued charges and deferred income | 492/3 | €3,513 | €5,215 | +€1,702 | +48.4% |
| Remuneration, social security and pensions | 62 | €1,879 | €210 | -€1,670 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,546 | €9,073 | -€1,473 | -14.0% |
| Other operating charges | 640/8 | €2,409 | €617 | -€1,792 | -74.4% |
| Non-recurring operating charges | 66A | €4,124 | - | -€4,124 | |
| Gross operating margin | 9900 | €28,552 | -€7,101 | -€35,654 | |
| Operating profit (loss) | 9901 | €9,595 | -€17,001 | -€26,596 | |
| Financial income | 75/76B | €32 | €9 | -€23 | -72.8% |
| Recurring financial income | 75 | €32 | €9 | -€23 | -72.8% |
| Financial charges | 65/66B | €994 | €1,580 | +€587 | +59.0% |
| Recurring financial charges | 65 | €994 | €1,580 | +€587 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €8,633 | -€18,572 | -€27,205 | |
| Income taxes | 67/77 | €7,803 | - | -€7,803 | |
| Profit (loss) for the period | 9904 | €830 | -€18,572 | -€19,402 | |
| Profit (loss) for the period to be appropriated | 9905 | €830 | -€18,572 | -€19,402 |
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 6 October 2026 via checked.be.