FULLWOOD: 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
FULLWOOD
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2022 against 2023filed annual accounts (NBB)
Net result for the year
-€414,188
2022 · €165,049-€579,237
Equity
€206,243
2022 · €620,431-€414,188
Cash
€101,695
2022 · €459,697-€358,002
Balance sheet total
€1.8m
2022 · €5.5m-€3.7m
Largest movements
Assets
- Deferred charges and accrued income -€1.8m
down €1.8m (-91.7%), from €1.9m to €160,688
- Stocks and contracts -€885,245
down €885,245 (-88.0%), from €1.0m to €121,168
of which Contracts in progress: -€880,485
- Receivables within one year -€646,126
down €646,126 (-31.3%), from €2.1m to €1.4m
of which Trade receivables: -€646,289
- Cash -€358,002
down €358,002 (-77.9%), from €459,697 to €101,695
mainly Advances received (-€2.9m) and Trade debts (-€448,901)
Equity and liabilities
- Advances received -€2.9m
down €2.9m (-93.2%), from €3.1m to €210,075
- Trade debts -€448,901
down €448,901 (-35.2%), from €1.3m to €826,067
- Profit (loss) carried forward -€414,188
down €414,188 (-75.0%), from €552,231 to €138,043
- Provisions +€260,000
new in 2023: €260,000
- Tax, wage and social debts -€185,839
down €185,839 (-55.7%), from €333,762 to €147,923
of which Taxes: -€146,490
Income statement
- Goods and materials -€4.6m
no longer reported in 2023 (was €4.6m)
of which Purchases: -€4.6m
- Gross operating margin +€809,346
new in 2023: €809,346
- Turnover -€416,946
down €416,946 (-7.9%), from €5.3m to €4.9m
- Services and other goods -€285,935
no longer reported in 2023 (was €285,935)
- Provisions +€260,000
new in 2023: €260,000
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
€165,049
Turnover
-€416,946
Other operating income
-€16,978
Goods and materials
+€4.6m
Services and other goods
+€285,935
Staff costs
-€92,571
Depreciation
-€378
Write-downs
+€32,667
Provisions
-€260,000
Other operating charges
+€4,101
Other operating items
-€4.8m
Financial income
-€14,945
Financial charges
+€6,388
Taxes
+€67,907
Result 2023
-€414,188
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.
From operations
-€362,008
Investment
€0
Financing
+€4,006
Cash 2022
€459,697
From operations (derived)
-€362,008
Net result for the year
-€414,188
Depreciation
+€1,850
Stocks and contracts
+€885,245
Receivables within one year
+€646,126
Deferred charges and accrued income
+€1.8m
Provisions
+€260,000
Trade debts
-€448,901
Tax, wage and social debts
-€185,839
Advances received
-€2.9m
Other debts
-€524
Financing
+€4,006
Short-term financial debts
+€4,006
Cash 2023
€101,695
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,465,123 | €1,802,022 | -€3.7m | -67.0% |
| Fixed assets | 21/28 | €1,850 | - | -€1,850 | |
| Tangible fixed assets | 22/27 | €1,850 | - | -€1,850 | |
| Plant, machinery and equipment | 23 | €937 | - | -€937 | |
| Furniture and vehicles | 24 | €913 | - | -€913 | |
| Current assets | 29/58 | €5,463,273 | €1,802,022 | -€3.7m | -67.0% |
| Stocks and contracts in progress | 3 | €1,006,413 | €121,168 | -€885,245 | -88.0% |
| Stocks | 30/36 | €44,814 | €40,054 | -€4,760 | -10.6% |
| Goods purchased for resale | 34 | €44,814 | - | -€44,814 | |
| Contracts in progress | 37 | €961,599 | €81,114 | -€880,485 | -91.6% |
| Amounts receivable within one year | 40/41 | €2,064,598 | €1,418,472 | -€646,126 | -31.3% |
| Trade receivables | 40 | €2,059,847 | €1,413,558 | -€646,289 | -31.4% |
| Other amounts receivable | 41 | €4,751 | €4,914 | +€163 | +3.4% |
| Cash at bank and in hand | 54/58 | €459,697 | €101,695 | -€358,002 | -77.9% |
| Deferred charges and accrued income | 490/1 | €1,932,566 | €160,688 | -€1.8m | -91.7% |
| Total equity and liabilities | 10/49 | €5,465,123 | €1,802,022 | -€3.7m | -67.0% |
| Equity | 10/15 | €620,431 | €206,243 | -€414,188 | -66.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €552,231 | €138,043 | -€414,188 | -75.0% |
| Provisions and deferred taxes | 16 | - | €260,000 | +€260,000 | |
| Provisions for liabilities and charges | 160/5 | - | €260,000 | +€260,000 | |
| Environmental obligations | 163 | - | €260,000 | +€260,000 | |
| Amounts payable | 17/49 | €4,844,691 | €1,335,778 | -€3.5m | -72.4% |
| Amounts payable within one year | 42/48 | €4,844,691 | €1,335,778 | -€3.5m | -72.4% |
| Financial debts | 43 | - | €4,006 | +€4,006 | |
| Credit institutions | 430/8 | - | €4,006 | +€4,006 | |
| Trade debts | 44 | €1,274,968 | €826,067 | -€448,901 | -35.2% |
| Suppliers | 440/4 | €1,274,968 | €826,067 | -€448,901 | -35.2% |
| Advances received on contracts in progress | 46 | €3,087,730 | €210,075 | -€2.9m | -93.2% |
| Taxes, remuneration and social security | 45 | €333,762 | €147,923 | -€185,839 | -55.7% |
| Taxes | 450/3 | €202,150 | €55,660 | -€146,490 | -72.5% |
| Remuneration and social security | 454/9 | €131,612 | €92,263 | -€39,349 | -29.9% |
| Other amounts payable | 47/48 | €148,232 | €147,708 | -€524 | -0.4% |
| Operating income | 70/76A | €6,020,727 | - | -€6.0m | |
| Turnover | 70 | €5,267,095 | €4,850,149 | -€416,946 | -7.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €736,655 | - | -€736,655 | |
| Other operating income | 74 | €16,978 | - | -€16,978 | |
| Non-recurring operating income | 76A | - | €997 | +€997 | |
| Operating charges | 60/66A | €5,782,098 | - | -€5.8m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,174,540 | +€3.2m | |
| Goods for resale, raw materials and consumables | 60 | €4,603,040 | - | -€4.6m | |
| Purchases | 600/8 | €4,648,479 | - | -€4.6m | |
| Change in stocks: decrease (increase) | 609 | -€45,440 | - | +€45,440 | |
| Services and other goods | 61 | €285,935 | - | -€285,935 | |
| Remuneration, social security and pensions | 62 | €847,650 | €940,220 | +€92,571 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,472 | €1,850 | +€378 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,667 | - | -€32,667 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €260,000 | +€260,000 | |
| Other operating charges | 640/8 | €11,334 | €7,233 | -€4,101 | -36.2% |
| Gross operating margin | 9900 | - | €809,346 | +€809,346 | |
| Operating profit (loss) | 9901 | €238,629 | -€399,957 | -€638,586 | |
| Financial income | 75/76B | €14,945 | - | -€14,945 | |
| Recurring financial income | 75 | €14,945 | - | -€14,945 | |
| Income from current assets | 751 | €14,884 | - | -€14,884 | |
| Other financial income | 752/9 | €62 | - | -€62 | |
| Financial charges | 65/66B | €16,860 | €10,472 | -€6,388 | -37.9% |
| Recurring financial charges | 65 | €16,860 | €10,472 | -€6,388 | -37.9% |
| Debt charges | 650 | €89 | - | -€89 | |
| Other financial charges | 652/9 | €16,771 | - | -€16,771 | |
| Profit (loss) for the period before taxes | 9903 | €236,714 | -€410,430 | -€647,144 | |
| Income taxes | 67/77 | €71,666 | €3,758 | -€67,907 | -94.8% |
| Taxes | 670/3 | €71,666 | - | -€71,666 | |
| Profit (loss) for the period | 9904 | €165,049 | -€414,188 | -€579,237 | |
| Profit (loss) for the period to be appropriated | 9905 | €165,049 | -€414,188 | -€579,237 |
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 11 October 2026 via checked.be.