GUARDIANS: 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.
GUARDIANS
Largest movements
- Receivables within one year -€52,161
down €52,161 (-46.8%), from €111,517 to €59,356
of which Other amounts receivable: -€59,961
- Tangible fixed assets +€51,702
up €51,702 (+7.7%), from €670,032 to €721,734
of which Land and buildings: +€53,112
- Cash -€15,174
down €15,174 (-84.5%), from €17,956 to €2,782
mainly Investment in fixed assets (net) (-€85,115) and Debts after one year (-€35,699)
- Profit (loss) carried forward +€45,886
up €45,886 (+31.8%), from €144,222 to €190,108
- Debts after one year -€35,699
down €35,699 (-7.5%), from €475,396 to €439,697
- Trade debts -€27,827
down €27,827 (-62.1%), from €44,798 to €16,971
- Advances received -€17,747
down €17,747 (-100.0%), from €17,747 to €0
- Tax, wage and social debts +€13,167
up €13,167 (+16.3%), from €80,746 to €93,914
- Gross operating margin +€34,191
up €34,191 (+37.1%), from €92,103 to €126,294
- Depreciation +€13,979
up €13,979 (+71.9%), from €19,434 to €33,413
- Financial income -€8,877
down €8,877 (-100.0%), from €8,879 to €2
- Other operating charges -€5,095
down €5,095 (-69.7%), from €7,309 to €2,214
- Financial charges +€4,112
up €4,112 (+22.6%), from €18,190 to €22,301
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 | €799,505 | €783,872 | -€15,633 | -2.0% |
| Fixed assets | 21/28 | €670,032 | €721,734 | +€51,702 | +7.7% |
| Tangible fixed assets | 22/27 | €670,032 | €721,734 | +€51,702 | +7.7% |
| Land and buildings | 22 | €631,828 | €684,940 | +€53,112 | +8.4% |
| Furniture and vehicles | 24 | €38,204 | €36,793 | -€1,410 | -3.7% |
| Current assets | 29/58 | €129,473 | €62,138 | -€67,335 | -52.0% |
| Amounts receivable within one year | 40/41 | €111,517 | €59,356 | -€52,161 | -46.8% |
| Trade receivables | 40 | €0 | €7,800 | +€7,800 | |
| Other amounts receivable | 41 | €111,517 | €51,556 | -€59,961 | -53.8% |
| Cash at bank and in hand | 54/58 | €17,956 | €2,782 | -€15,174 | -84.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €799,505 | €783,872 | -€15,633 | -2.0% |
| Equity | 10/15 | €145,222 | €191,108 | +€45,886 | +31.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,222 | €190,108 | +€45,886 | +31.8% |
| Amounts payable | 17/49 | €654,283 | €592,764 | -€61,519 | -9.4% |
| Amounts payable after more than one year | 17 | €475,396 | €439,697 | -€35,699 | -7.5% |
| Financial debts | 170/4 | €475,396 | €439,697 | -€35,699 | -7.5% |
| Amounts payable within one year | 42/48 | €178,887 | €153,067 | -€25,820 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €35,596 | €42,182 | +€6,586 | +18.5% |
| Trade debts | 44 | €44,798 | €16,971 | -€27,827 | -62.1% |
| Suppliers | 440/4 | €44,798 | €16,971 | -€27,827 | -62.1% |
| Advances received on contracts in progress | 46 | €17,747 | €0 | -€17,747 | -100.0% |
| Taxes, remuneration and social security | 45 | €80,746 | €93,914 | +€13,167 | +16.3% |
| Taxes | 450/3 | €80,746 | €93,914 | +€13,167 | +16.3% |
| Non-recurring operating income | 76A | €23,149 | €248 | -€22,901 | -98.9% |
| Remuneration, social security and pensions | 62 | €349 | €1,124 | +€775 | +222.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,434 | €33,413 | +€13,979 | +71.9% |
| Other operating charges | 640/8 | €7,309 | €2,214 | -€5,095 | -69.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €92,103 | €126,294 | +€34,191 | +37.1% |
| Operating profit (loss) | 9901 | €65,011 | €89,542 | +€24,531 | +37.7% |
| Financial income | 75/76B | €8,879 | €2 | -€8,877 | -100.0% |
| Recurring financial income | 75 | €8,879 | €2 | -€8,877 | -100.0% |
| Financial charges | 65/66B | €18,190 | €22,301 | +€4,112 | +22.6% |
| Recurring financial charges | 65 | €18,190 | €22,301 | +€4,112 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €55,701 | €67,243 | +€11,543 | +20.7% |
| Income taxes | 67/77 | €17,965 | €21,357 | +€3,392 | +18.9% |
| Profit (loss) for the period | 9904 | €37,735 | €45,886 | +€8,151 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,735 | €45,886 | +€8,151 | +21.6% |
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 3 October 2026 via checked.be.