Interlude: 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.
Interlude
Largest movements
- Receivables within one year +€29,116
up €29,116 (+58.6%), from €49,684 to €78,800
of which Trade receivables: +€30,000
- Cash -€8,653
down €8,653 (-61.2%), from €14,137 to €5,484
mainly Receivables within one year (-€29,116) and Investment in fixed assets (net) (-€15,328)
- Tangible fixed assets +€5,545
up €5,545 (+20.1%), from €27,650 to €33,195
of which Plant, machinery and equipment: +€7,573
- Intangible fixed assets +€2,945
up €2,945 (+34.3%), from €8,592 to €11,537
- Other debts +€22,912
up €22,912 (+44.2%), from €51,816 to €74,728
- Profit (loss) carried forward +€4,379
up €4,379 (+2.6%), from -€168,022 to -€163,643
- Gross operating margin -€21,236
down €21,236 (-62.3%), from €34,062 to €12,827
- Depreciation +€3,082
up €3,082 (+82.1%), from €3,755 to €6,838
- Other operating charges +€947
up €947 (+207.4%), from €457 to €1,404
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 | €100,138 | €129,091 | +€28,953 | +28.9% |
| Fixed assets | 21/28 | €36,317 | €44,807 | +€8,490 | +23.4% |
| Intangible fixed assets | 21 | €8,592 | €11,537 | +€2,945 | +34.3% |
| Tangible fixed assets | 22/27 | €27,650 | €33,195 | +€5,545 | +20.1% |
| Land and buildings | 22 | €3,032 | €2,426 | -€606 | -20.0% |
| Plant, machinery and equipment | 23 | €20,752 | €28,325 | +€7,573 | +36.5% |
| Furniture and vehicles | 24 | €3,866 | €2,444 | -€1,422 | -36.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €63,821 | €84,284 | +€20,463 | +32.1% |
| Amounts receivable within one year | 40/41 | €49,684 | €78,800 | +€29,116 | +58.6% |
| Trade receivables | 40 | €48,800 | €78,800 | +€30,000 | +61.5% |
| Other amounts receivable | 41 | €884 | - | -€884 | |
| Cash at bank and in hand | 54/58 | €14,137 | €5,484 | -€8,653 | -61.2% |
| Total equity and liabilities | 10/49 | €100,138 | €129,091 | +€28,953 | +28.9% |
| Equity | 10/15 | €39,478 | €43,857 | +€4,379 | +11.1% |
| Contributions | 10/11 | €207,000 | €207,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,022 | -€163,643 | +€4,379 | +2.6% |
| Amounts payable | 17/49 | €60,660 | €85,234 | +€24,574 | +40.5% |
| Amounts payable within one year | 42/48 | €60,660 | €83,953 | +€23,292 | +38.4% |
| Trade debts | 44 | €6,965 | €7,750 | +€785 | +11.3% |
| Suppliers | 440/4 | €6,965 | €7,750 | +€785 | +11.3% |
| Taxes, remuneration and social security | 45 | €1,880 | €1,474 | -€406 | -21.6% |
| Taxes | 450/3 | €1,880 | €1,474 | -€406 | -21.6% |
| Other amounts payable | 47/48 | €51,816 | €74,728 | +€22,912 | +44.2% |
| Accrued charges and deferred income | 492/3 | - | €1,281 | +€1,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,755 | €6,838 | +€3,082 | +82.1% |
| Other operating charges | 640/8 | €457 | €1,404 | +€947 | +207.4% |
| Gross operating margin | 9900 | €34,062 | €12,827 | -€21,236 | -62.3% |
| Operating profit (loss) | 9901 | €29,850 | €4,585 | -€25,266 | -84.6% |
| Financial charges | 65/66B | €183 | €206 | +€23 | +12.3% |
| Recurring financial charges | 65 | €183 | €206 | +€23 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €29,667 | €4,379 | -€25,288 | -85.2% |
| Profit (loss) for the period | 9904 | €29,667 | €4,379 | -€25,288 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,667 | €4,379 | -€25,288 | -85.2% |
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 4 October 2026 via checked.be.