HT PROJECT: 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.
HT PROJECT
Largest movements
- Receivables within one year +€43,336
up €43,336 (+226.1%), from €19,171 to €62,507
of which Other amounts receivable: +€49,159
- Cash -€17,595
down €17,595 (-36.0%), from €48,900 to €31,305
mainly Receivables within one year (-€43,336) and Investment in fixed assets (net) (-€5,200)
- Tangible fixed assets -€2,800
down €2,800 (-66.0%), from €4,241 to €1,441
- Profit (loss) carried forward +€14,217
up €14,217 (+44.9%), from €31,690 to €45,907
- Trade debts +€10,899
up €10,899 (+34272.3%), from €32 to €10,930
- Tax, wage and social debts -€2,173
down €2,173 (-9.9%), from €21,899 to €19,725
- Gross operating margin -€31,632
down €31,632 (-50.3%), from €62,911 to €31,279
- Taxes -€9,934
down €9,934 (-73.6%), from €13,488 to €3,554
- Other operating charges +€8,851
up €8,851 (+6941.0%), from €128 to €8,978
- Financial income +€3,877
new in 2022: €3,877
- Financial charges -€3,666
down €3,666 (-90.0%), from €4,073 to €407
of which Non-recurring financial charges: -€3,923
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,312 | €95,254 | +€22,942 | +31.7% |
| Fixed assets | 21/28 | €4,241 | €1,441 | -€2,800 | -66.0% |
| Tangible fixed assets | 22/27 | €4,241 | €1,441 | -€2,800 | -66.0% |
| Furniture and vehicles | 24 | €4,241 | €1,441 | -€2,800 | -66.0% |
| Current assets | 29/58 | €68,071 | €93,813 | +€25,742 | +37.8% |
| Amounts receivable within one year | 40/41 | €19,171 | €62,507 | +€43,336 | +226.1% |
| Trade receivables | 40 | €12,098 | €6,276 | -€5,823 | -48.1% |
| Other amounts receivable | 41 | €7,072 | €56,232 | +€49,159 | +695.1% |
| Cash at bank and in hand | 54/58 | €48,900 | €31,305 | -€17,595 | -36.0% |
| Total equity and liabilities | 10/49 | €72,312 | €95,254 | +€22,942 | +31.7% |
| Equity | 10/15 | €50,381 | €64,598 | +€14,217 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €91 | €91 | = | 0.0% |
| Non-distributable reserves | 130/1 | €91 | €91 | = | 0.0% |
| Reserves not available under the articles | 1311 | €91 | €91 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,690 | €45,907 | +€14,217 | +44.9% |
| Amounts payable | 17/49 | €21,931 | €30,656 | +€8,725 | +39.8% |
| Amounts payable within one year | 42/48 | €21,931 | €30,656 | +€8,725 | +39.8% |
| Trade debts | 44 | €32 | €10,930 | +€10,899 | +34272.3% |
| Suppliers | 440/4 | €32 | €10,930 | +€10,899 | +34272.3% |
| Taxes, remuneration and social security | 45 | €21,899 | €19,725 | -€2,173 | -9.9% |
| Taxes | 450/3 | €21,899 | €19,725 | -€2,173 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,759 | €8,000 | +€3,241 | +68.1% |
| Other operating charges | 640/8 | €128 | €8,978 | +€8,851 | +6941.0% |
| Gross operating margin | 9900 | €62,911 | €31,279 | -€31,632 | -50.3% |
| Operating profit (loss) | 9901 | €58,024 | €14,301 | -€43,724 | -75.4% |
| Financial income | 75/76B | - | €3,877 | +€3,877 | |
| Recurring financial income | 75 | - | €3,877 | +€3,877 | |
| Financial charges | 65/66B | €4,073 | €407 | -€3,666 | -90.0% |
| Recurring financial charges | 65 | €150 | €407 | +€257 | +171.1% |
| Non-recurring financial charges | 66B | €3,923 | - | -€3,923 | |
| Profit (loss) for the period before taxes | 9903 | €53,951 | €17,771 | -€36,180 | -67.1% |
| Income taxes | 67/77 | €13,488 | €3,554 | -€9,934 | -73.6% |
| Profit (loss) for the period | 9904 | €40,463 | €14,217 | -€26,247 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,463 | €14,217 | -€26,247 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.