Frictionless Trade Services: 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.
What changed
Frictionless Trade Services
NACE 52.250, Logistics services
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
€28,309
2022 · €144,427-€116,117
Equity
€278,382
2022 · €250,072+€28,309
Cash
€577,384
2022 · €586,266-€8,882
Balance sheet total
€6.6m
2022 · €5.1m+€1.5m
Largest movements
Assets
- Receivables within one year +€5.5m
up €5.5m (+2,849%), from €192,688 to €5.7m
of which Other amounts receivable: +€5.3m
- Financial fixed assets -€4.3m
down €4.3m (-100%), from €4.3m to €0
- Deferred charges and accrued income +€319,311
new in 2023: €319,311
Equity and liabilities
- Other debts +€1.6m
up €1.6m (+38.4%), from €4.2m to €5.8m
- Accrued charges and deferred income -€275,832
down €275,832 (-97.1%), from €284,112 to €8,280
- Trade debts +€213,491
up €213,491 (+667%), from €32,012 to €245,503
Income statement
- Turnover -€658,631
down €658,631 (-20.4%), from €3.2m to €2.6m
- Services and other goods -€478,017
down €478,017 (-20.6%), from €2.3m to €1.8m
- Financial charges +€227,477
up €227,477 (+416%), from €54,629 to €282,106
- Financial income +€180,270
up €180,270 (+2,082%), from €8,660 to €188,930
- Staff costs -€76,452
down €76,452 (-11.8%), from €649,703 to €573,250
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.
Result 2022
€144,427
Turnover
-€658,631
Other operating income
+€400
Services and other goods
+€478,017
Staff costs
+€76,452
Depreciation
-€22
Other operating charges
-€11,800
Financial income
+€180,270
Financial charges
-€227,477
Taxes
+€46,674
Result 2023
€28,309
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€4.3m
Investment
+€4.3m
Financing
€0
Cash 2022
€586,266
From operations (derived)
-€4.3m
Net result for the year
+€28,309
Depreciation
+€8,780
Receivables within one year
-€5.5m
Deferred charges and accrued income
-€319,311
Provisions
-€240
Trade debts
+€213,491
Tax, wage and social debts
-€33,765
Other debts
+€1.6m
Accrued charges and deferred income
-€275,832
Investment (derived)
+€4.3m
Investment in fixed assets (net)
+€4.3m
Cash 2023
€577,384
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,069,902 | €6,608,245 | +€1.5m | +30.3% |
| Fixed assets | 21/28 | €4,290,949 | €28,363 | -€4.3m | -99.3% |
| Tangible fixed assets | 22/27 | €37,143 | €28,363 | -€8,780 | -23.6% |
| Plant, machinery and equipment | 23 | €19,620 | €13,272 | -€6,348 | -32.4% |
| Furniture and vehicles | 24 | €4,559 | €3,739 | -€820 | -18.0% |
| Other tangible fixed assets | 26 | €12,964 | €11,353 | -€1,611 | -12.4% |
| Financial fixed assets | 28 | €4,253,806 | €0 | -€4.3m | -100% |
| Affiliated companies | 280/1 | €4,253,806 | €0 | -€4.3m | -100% |
| Amounts receivable | 281 | €4,253,806 | €0 | -€4.3m | -100% |
| Current assets | 29/58 | €778,954 | €6,579,882 | +€5.8m | +745% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €192,688 | €5,683,187 | +€5.5m | +2,849% |
| Trade receivables | 40 | €124,246 | €320,737 | +€196,491 | +158% |
| Other amounts receivable | 41 | €68,442 | €5,362,450 | +€5.3m | +7,735% |
| Cash at bank and in hand | 54/58 | €586,266 | €577,384 | -€8,882 | -1.5% |
| Deferred charges and accrued income | 490/1 | - | €319,311 | +€319,311 | |
| Total equity and liabilities | 10/49 | €5,069,902 | €6,608,245 | +€1.5m | +30.3% |
| Equity | 10/15 | €250,072 | €278,382 | +€28,309 | +11.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €249,072 | €277,382 | +€28,309 | +11.4% |
| Provisions and deferred taxes | 16 | €1,346 | €1,106 | -€240 | -17.8% |
| Provisions for liabilities and charges | 160/5 | €1,346 | €1,106 | -€240 | -17.8% |
| Pensions and similar obligations | 160 | €1,346 | €1,106 | -€240 | -17.8% |
| Amounts payable | 17/49 | €4,818,484 | €6,328,758 | +€1.5m | +31.3% |
| Amounts payable within one year | 42/48 | €4,534,372 | €6,320,478 | +€1.8m | +39.4% |
| Trade debts | 44 | €32,012 | €245,503 | +€213,491 | +667% |
| Suppliers | 440/4 | €32,012 | €245,503 | +€213,491 | +667% |
| Taxes, remuneration and social security | 45 | €315,764 | €281,999 | -€33,765 | -10.7% |
| Taxes | 450/3 | €117,973 | €137,529 | +€19,556 | +16.6% |
| Remuneration and social security | 454/9 | €197,791 | €144,470 | -€53,321 | -27.0% |
| Other amounts payable | 47/48 | €4,186,596 | €5,792,976 | +€1.6m | +38.4% |
| Accrued charges and deferred income | 492/3 | €284,112 | €8,280 | -€275,832 | -97.1% |
| Operating income | 70/76A | €3,231,534 | €2,573,303 | -€658,231 | -20.4% |
| Turnover | 70 | €3,231,174 | €2,572,543 | -€658,631 | -20.4% |
| Other operating income | 74 | €360 | €760 | +€400 | +111% |
| Operating charges | 60/66A | €2,973,990 | €2,431,343 | -€542,646 | -18.2% |
| Services and other goods | 61 | €2,315,530 | €1,837,513 | -€478,017 | -20.6% |
| Remuneration, social security and pensions | 62 | €649,703 | €573,250 | -€76,452 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,757 | €8,780 | +€22 | +0.3% |
| Other operating charges | 640/8 | - | €11,800 | +€11,800 | |
| Operating profit (loss) | 9901 | €257,544 | €141,959 | -€115,585 | -44.9% |
| Financial income | 75/76B | €8,660 | €188,930 | +€180,270 | +2,082% |
| Recurring financial income | 75 | €8,660 | €188,930 | +€180,270 | +2,082% |
| Income from current assets | 751 | - | €185,289 | +€185,289 | |
| Other financial income | 752/9 | €8,660 | €3,642 | -€5,019 | -58.0% |
| Financial charges | 65/66B | €54,629 | €282,106 | +€227,477 | +416% |
| Recurring financial charges | 65 | €54,629 | €282,106 | +€227,477 | +416% |
| Debt charges | 650 | €836 | €207,072 | +€206,236 | +24,656% |
| Other financial charges | 652/9 | €53,793 | €75,034 | +€21,241 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €211,575 | €48,783 | -€162,792 | -76.9% |
| Income taxes | 67/77 | €67,148 | €20,474 | -€46,674 | -69.5% |
| Taxes | 670/3 | €67,148 | €20,474 | -€46,674 | -69.5% |
| Profit (loss) for the period | 9904 | €144,427 | €28,309 | -€116,117 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,427 | €28,309 | -€116,117 | -80.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.