JO VANDERGOTEN: 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.
JO VANDERGOTEN
Largest movements
- Receivables within one year +€29,256
up €29,256 (+36.5%), from €80,257 to €109,512
of which Trade receivables: +€22,171
- Intangible fixed assets -€16,000
down €16,000 (-22.3%), from €71,890 to €55,890
- Tangible fixed assets -€3,615
down €3,615 (-2.6%), from €137,347 to €133,733
of which Land and buildings: -€4,091
- Reserves +€61,327
up €61,327 (+54.4%), from €112,703 to €174,029
of which Distributable reserves: +€61,327
- Debts after one year -€35,528
down €35,528 (-25.0%), from €142,013 to €106,485
- Other debts -€9,532
no longer reported in 2022 (was €9,532)
- Trade debts -€7,145
down €7,145 (-97.9%), from €7,297 to €152
- Tax, wage and social debts +€4,590
up €4,590 (+22.0%), from €20,878 to €25,468
- Gross operating margin +€16,079
up €16,079 (+15.3%), from €104,977 to €121,056
- Depreciation +€8,762
up €8,762 (+70.7%), from €12,395 to €21,157
- Write-downs +€8,440
new in 2022: €8,440
- Other operating charges +€2,076
up €2,076 (+159%), from €1,303 to €3,379
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 | €337,739 | €350,869 | +€13,130 | +3.9% |
| Fixed assets | 21/28 | €209,238 | €189,623 | -€19,615 | -9.4% |
| Intangible fixed assets | 21 | €71,890 | €55,890 | -€16,000 | -22.3% |
| Tangible fixed assets | 22/27 | €137,347 | €133,733 | -€3,615 | -2.6% |
| Land and buildings | 22 | €133,636 | €129,545 | -€4,091 | -3.1% |
| Furniture and vehicles | 24 | €614 | €1,803 | +€1,189 | +194% |
| Other tangible fixed assets | 26 | €3,097 | €2,384 | -€713 | -23.0% |
| Current assets | 29/58 | €128,501 | €161,246 | +€32,745 | +25.5% |
| Amounts receivable within one year | 40/41 | €80,257 | €109,512 | +€29,256 | +36.5% |
| Trade receivables | 40 | €75,916 | €98,087 | +€22,171 | +29.2% |
| Other amounts receivable | 41 | €4,340 | €11,425 | +€7,085 | +163% |
| Current investments | 50/53 | €35,150 | €37,150 | +€2,000 | +5.7% |
| Cash at bank and in hand | 54/58 | €13,095 | €14,584 | +€1,489 | +11.4% |
| Total equity and liabilities | 10/49 | €337,739 | €350,869 | +€13,130 | +3.9% |
| Equity | 10/15 | €118,903 | €180,229 | +€61,327 | +51.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,703 | €174,029 | +€61,327 | +54.4% |
| 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 | €110,843 | €172,169 | +€61,327 | +55.3% |
| Amounts payable | 17/49 | €218,836 | €170,640 | -€48,197 | -22.0% |
| Amounts payable after more than one year | 17 | €142,013 | €106,485 | -€35,528 | -25.0% |
| Financial debts | 170/4 | €142,013 | €106,485 | -€35,528 | -25.0% |
| Amounts payable within one year | 42/48 | €73,791 | €61,122 | -€12,669 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €36,084 | €35,501 | -€582 | -1.6% |
| Trade debts | 44 | €7,297 | €152 | -€7,145 | -97.9% |
| Suppliers | 440/4 | €7,297 | €152 | -€7,145 | -97.9% |
| Taxes, remuneration and social security | 45 | €20,878 | €25,468 | +€4,590 | +22.0% |
| Taxes | 450/3 | €20,878 | €25,468 | +€4,590 | +22.0% |
| Other amounts payable | 47/48 | €9,532 | - | -€9,532 | |
| Accrued charges and deferred income | 492/3 | €3,033 | €3,033 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,395 | €21,157 | +€8,762 | +70.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,440 | +€8,440 | |
| Other operating charges | 640/8 | €1,303 | €3,379 | +€2,076 | +159% |
| Gross operating margin | 9900 | €104,977 | €121,056 | +€16,079 | +15.3% |
| Operating profit (loss) | 9901 | €91,278 | €88,080 | -€3,198 | -3.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €3,292 | €2,631 | -€661 | -20.1% |
| Recurring financial charges | 65 | €3,292 | €2,631 | -€661 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €87,989 | €85,449 | -€2,540 | -2.9% |
| Income taxes | 67/77 | €25,020 | €24,123 | -€897 | -3.6% |
| Profit (loss) for the period | 9904 | €62,969 | €61,327 | -€1,642 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,969 | €61,327 | -€1,642 | -2.6% |
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 23 October 2026 via checked.be.