JEF MOERMANS: 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.
JEF MOERMANS
Largest movements
- Receivables within one year +€1,751
up €1,751 (+5.4%), from €32,170 to €33,921
- Cash -€771
down €771 (-68.9%), from €1,119 to €347
mainly Receivables within one year (-€1,751)
- Reserves +€517
up €517 (+3.9%), from €13,335 to €13,852
of which Distributable reserves: +€517
- Accrued charges and deferred income +€463
up €463 (+34.0%), from €1,361 to €1,824
- Other operating charges -€837
down €837 (-65.9%), from €1,269 to €432
- Gross operating margin -€759
down €759 (-37.1%), from €2,047 to €1,288
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 | €33,288 | €34,268 | +€980 | +2.9% |
| Current assets | 29/58 | €33,288 | €34,268 | +€980 | +2.9% |
| Amounts receivable within one year | 40/41 | €32,170 | €33,921 | +€1,751 | +5.4% |
| Other amounts receivable | 41 | €32,170 | €33,921 | +€1,751 | +5.4% |
| Cash at bank and in hand | 54/58 | €1,119 | €347 | -€771 | -68.9% |
| Total equity and liabilities | 10/49 | €33,288 | €34,268 | +€980 | +2.9% |
| Equity | 10/15 | €31,927 | €32,444 | +€517 | +1.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €13,335 | €13,852 | +€517 | +3.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €11,476 | €11,993 | +€517 | +4.5% |
| Amounts payable | 17/49 | €1,361 | €1,824 | +€463 | +34.0% |
| Accrued charges and deferred income | 492/3 | €1,361 | €1,824 | +€463 | +34.0% |
| Non-recurring operating income | 76A | €1,187 | - | -€1,187 | |
| Other operating charges | 640/8 | €1,269 | €432 | -€837 | -65.9% |
| Gross operating margin | 9900 | €2,047 | €1,288 | -€759 | -37.1% |
| Operating profit (loss) | 9901 | €777 | €856 | +€79 | +10.1% |
| Financial charges | 65/66B | €344 | €339 | -€5 | -1.5% |
| Recurring financial charges | 65 | €344 | €339 | -€5 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €433 | €517 | +€84 | +19.3% |
| Profit (loss) for the period | 9904 | €433 | €517 | +€84 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €433 | €517 | +€84 | +19.3% |
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 9 October 2026 via checked.be.