i-Rewrite: 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.
i-Rewrite
Largest movements
- Receivables within one year -€8,097
down €8,097 (-5.5%), from €147,198 to €139,101
of which Trade receivables: -€16,237
- Tangible fixed assets -€3,698
down €3,698 (-20.5%), from €18,028 to €14,330
of which Furniture and vehicles: -€3,698
- Tax, wage and social debts -€15,123
down €15,123 (-97.1%), from €15,576 to €453
- Reserves +€10,477
up €10,477 (+11.7%), from €89,687 to €100,164
of which Distributable reserves: +€10,477
- Current portion of long-term debt -€9,862
no longer reported in 2022 (was €9,862)
- Short-term financial debts +€5,892
up €5,892 (+21.2%), from €27,796 to €33,689
- Debts after one year -€3,333
down €3,333 (-39.7%), from €8,394 to €5,061
- Depreciation -€8,435
down €8,435 (-66.5%), from €12,693 to €4,258
- Gross operating margin +€5,855
up €5,855 (+34.5%), from €16,969 to €22,824
- Taxes +€2,919
up €2,919 (+173%), from €1,688 to €4,607
- Financial charges -€572
down €572 (-18.3%), from €3,129 to €2,557
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.
Derived cash bridge
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 | €166,369 | €155,322 | -€11,048 | -6.6% |
| Fixed assets | 21/28 | €18,103 | €14,405 | -€3,698 | -20.4% |
| Tangible fixed assets | 22/27 | €18,028 | €14,330 | -€3,698 | -20.5% |
| Furniture and vehicles | 24 | €18,028 | €14,330 | -€3,698 | -20.5% |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €148,266 | €140,916 | -€7,350 | -5.0% |
| Amounts receivable within one year | 40/41 | €147,198 | €139,101 | -€8,097 | -5.5% |
| Trade receivables | 40 | €27,640 | €11,403 | -€16,237 | -58.7% |
| Other amounts receivable | 41 | €119,558 | €127,698 | +€8,140 | +6.8% |
| Cash at bank and in hand | 54/58 | €1,068 | €1,815 | +€747 | +70.0% |
| Total equity and liabilities | 10/49 | €166,369 | €155,322 | -€11,048 | -6.6% |
| Equity | 10/15 | €95,887 | €106,364 | +€10,477 | +10.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,687 | €100,164 | +€10,477 | +11.7% |
| Tax-exempt reserves | 132 | €316 | €316 | = | 0.0% |
| Distributable reserves | 133 | €89,370 | €99,847 | +€10,477 | +11.7% |
| Amounts payable | 17/49 | €70,482 | €48,958 | -€21,524 | -30.5% |
| Amounts payable after more than one year | 17 | €8,394 | €5,061 | -€3,333 | -39.7% |
| Financial debts | 170/4 | €8,394 | €5,061 | -€3,333 | -39.7% |
| Amounts payable within one year | 42/48 | €62,089 | €42,877 | -€19,212 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €9,862 | - | -€9,862 | |
| Financial debts | 43 | €27,796 | €33,689 | +€5,892 | +21.2% |
| Credit institutions | 430/8 | €27,796 | €33,689 | +€5,892 | +21.2% |
| Trade debts | 44 | €8,854 | €8,735 | -€119 | -1.3% |
| Suppliers | 440/4 | €8,854 | €8,735 | -€119 | -1.3% |
| Taxes, remuneration and social security | 45 | €15,576 | €453 | -€15,123 | -97.1% |
| Taxes | 450/3 | €15,576 | €453 | -€15,123 | -97.1% |
| Accrued charges and deferred income | 492/3 | - | €1,020 | +€1,020 | |
| Non-recurring operating income | 76A | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,693 | €4,258 | -€8,435 | -66.5% |
| Other operating charges | 640/8 | €819 | €927 | +€108 | +13.2% |
| Gross operating margin | 9900 | €16,969 | €22,824 | +€5,855 | +34.5% |
| Operating profit (loss) | 9901 | €3,458 | €17,639 | +€14,182 | +410% |
| Financial income | 75/76B | €11 | €1 | -€9 | -89.6% |
| Recurring financial income | 75 | €11 | €1 | -€9 | -89.6% |
| Financial charges | 65/66B | €3,129 | €2,557 | -€572 | -18.3% |
| Recurring financial charges | 65 | €3,129 | €2,557 | -€572 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €340 | €15,084 | +€14,744 | +4,341% |
| Income taxes | 67/77 | €1,688 | €4,607 | +€2,919 | +173% |
| Profit (loss) for the period | 9904 | -€1,348 | €10,477 | +€11,825 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,348 | €10,477 | +€11,825 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.