Hilde Van Vreckom: 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.
Hilde Van Vreckom
Largest movements
- Cash +€24,235
up €24,235 (+16.6%), from €145,612 to €169,847
mainly Net result for the year (+€28,021) and Depreciation (+€11,411)
- Receivables within one year +€14,247
up €14,247 (+262%), from €5,444 to €19,691
of which Trade receivables: +€9,756
- Intangible fixed assets -€6,114
no longer reported in 2023 (was €6,114)
- Tangible fixed assets -€4,491
down €4,491 (-29.3%), from €15,347 to €10,856
of which Plant, machinery and equipment: -€4,595
- Reserves +€28,021
up €28,021 (+47.5%), from €59,000 to €87,021
of which Distributable reserves: +€28,021
- Gross operating margin +€11,954
up €11,954 (+14.3%), from €83,758 to €95,712
- Depreciation -€8,090
down €8,090 (-41.5%), from €19,501 to €11,411
- Taxes +€5,415
up €5,415 (+60.6%), from €8,940 to €14,355
- Staff costs +€3,832
up €3,832 (+10.3%), from €37,161 to €40,993
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.
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.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €312,623 | €343,004 | +€30,381 | +9.7% |
| Fixed assets | 21/28 | €22,184 | €11,579 | -€10,605 | -47.8% |
| Intangible fixed assets | 21 | €6,114 | - | -€6,114 | |
| Tangible fixed assets | 22/27 | €15,347 | €10,856 | -€4,491 | -29.3% |
| Plant, machinery and equipment | 23 | €13,291 | €8,696 | -€4,595 | -34.6% |
| Furniture and vehicles | 24 | €2,056 | €2,160 | +€104 | +5.1% |
| Financial fixed assets | 28 | €723 | €723 | = | 0.0% |
| Current assets | 29/58 | €290,439 | €331,425 | +€40,986 | +14.1% |
| Amounts receivable within one year | 40/41 | €5,444 | €19,691 | +€14,247 | +262% |
| Trade receivables | 40 | €3,222 | €12,978 | +€9,756 | +303% |
| Other amounts receivable | 41 | €2,222 | €6,713 | +€4,491 | +202% |
| Cash at bank and in hand | 54/58 | €145,612 | €169,847 | +€24,235 | +16.6% |
| Deferred charges and accrued income | 490/1 | €139,383 | €141,887 | +€2,504 | +1.8% |
| Total equity and liabilities | 10/49 | €312,623 | €343,004 | +€30,381 | +9.7% |
| Equity | 10/15 | €245,557 | €273,578 | +€28,021 | +11.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,000 | €87,021 | +€28,021 | +47.5% |
| 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 | €57,140 | €85,161 | +€28,021 | +49.0% |
| Profit (loss) carried forward | 14 | €174,157 | €174,157 | = | 0.0% |
| Amounts payable | 17/49 | €67,066 | €69,426 | +€2,360 | +3.5% |
| Amounts payable within one year | 42/48 | €67,066 | €69,426 | +€2,360 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €2,550 | - | -€2,550 | |
| Trade debts | 44 | €10,343 | €11,248 | +€905 | +8.7% |
| Suppliers | 440/4 | €10,343 | €11,248 | +€905 | +8.7% |
| Taxes, remuneration and social security | 45 | €27,087 | €29,705 | +€2,618 | +9.7% |
| Taxes | 450/3 | €7,309 | €7,860 | +€551 | +7.5% |
| Remuneration and social security | 454/9 | €19,778 | €21,845 | +€2,067 | +10.5% |
| Other amounts payable | 47/48 | €27,086 | €28,473 | +€1,387 | +5.1% |
| Remuneration, social security and pensions | 62 | €37,161 | €40,993 | +€3,832 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,501 | €11,411 | -€8,090 | -41.5% |
| Other operating charges | 640/8 | €1,031 | €783 | -€248 | -24.1% |
| Gross operating margin | 9900 | €83,758 | €95,712 | +€11,954 | +14.3% |
| Operating profit (loss) | 9901 | €26,065 | €42,525 | +€16,460 | +63.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €252 | €150 | -€102 | -40.5% |
| Recurring financial charges | 65 | €252 | €150 | -€102 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €25,813 | €42,376 | +€16,563 | +64.2% |
| Income taxes | 67/77 | €8,940 | €14,355 | +€5,415 | +60.6% |
| Profit (loss) for the period | 9904 | €16,873 | €28,021 | +€11,148 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,873 | €28,021 | +€11,148 | +66.1% |
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 13 October 2026 via checked.be.