Joachim Froment: 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.
Joachim Froment
Largest movements
- Receivables within one year -€9,673
down €9,673 (-40.0%), from €24,202 to €14,530
of which Trade receivables: -€9,680
- Tangible fixed assets +€6,087
new in 2023: €6,087
- Cash -€1,303
down €1,303 (-2.1%), from €61,065 to €59,762
mainly Other debts (-€8,277) and Trade debts (-€6,816)
- Deferred charges and accrued income +€1,246
new in 2023: €1,246
- Reserves +€9,953
new in 2023: €9,953
- Other debts -€8,277
down €8,277 (-96.8%), from €8,551 to €274
- Trade debts -€6,816
down €6,816 (-66.2%), from €10,296 to €3,480
- Tax, wage and social debts +€1,602
up €1,602 (+7.0%), from €22,765 to €24,367
of which Taxes: +€2,824
- Gross operating margin -€8,951
down €8,951 (-18.1%), from €49,381 to €40,430
- Financial charges +€1,786
up €1,786 (+7,109%), from €25 to €1,811
- Other operating charges +€1,401
up €1,401 (+6.4%), from €21,788 to €23,188
- Taxes -€858
down €858 (-13.8%), from €6,201 to €5,342
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.
Derived cash bridge
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 | €85,267 | €81,625 | -€3,642 | -4.3% |
| Fixed assets | 21/28 | - | €6,087 | +€6,087 | |
| Tangible fixed assets | 22/27 | - | €6,087 | +€6,087 | |
| Furniture and vehicles | 24 | - | €6,087 | +€6,087 | |
| Current assets | 29/58 | €85,267 | €75,538 | -€9,729 | -11.4% |
| Amounts receivable within one year | 40/41 | €24,202 | €14,530 | -€9,673 | -40.0% |
| Trade receivables | 40 | €24,200 | €14,520 | -€9,680 | -40.0% |
| Other amounts receivable | 41 | €2 | €10 | +€7 | +301% |
| Cash at bank and in hand | 54/58 | €61,065 | €59,762 | -€1,303 | -2.1% |
| Deferred charges and accrued income | 490/1 | - | €1,246 | +€1,246 | |
| Total equity and liabilities | 10/49 | €85,267 | €81,625 | -€3,642 | -4.3% |
| Equity | 10/15 | €43,655 | €53,503 | +€9,848 | +22.6% |
| Contributions | 10/11 | €3,000 | €2,895 | -€105 | -3.5% |
| Reserves | 13 | - | €9,953 | +€9,953 | |
| Distributable reserves | 133 | - | €9,953 | +€9,953 | |
| Profit (loss) carried forward | 14 | €40,655 | €40,655 | = | 0.0% |
| Amounts payable | 17/49 | €41,612 | €28,122 | -€13,491 | -32.4% |
| Amounts payable within one year | 42/48 | €41,612 | €28,122 | -€13,491 | -32.4% |
| Trade debts | 44 | €10,296 | €3,480 | -€6,816 | -66.2% |
| Suppliers | 440/4 | €10,296 | €3,480 | -€6,816 | -66.2% |
| Taxes, remuneration and social security | 45 | €22,765 | €24,367 | +€1,602 | +7.0% |
| Taxes | 450/3 | €17,757 | €20,581 | +€2,824 | +15.9% |
| Remuneration and social security | 454/9 | €5,008 | €3,786 | -€1,222 | -24.4% |
| Other amounts payable | 47/48 | €8,551 | €274 | -€8,277 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €135 | +€135 | |
| Other operating charges | 640/8 | €21,788 | €23,188 | +€1,401 | +6.4% |
| Gross operating margin | 9900 | €49,381 | €40,430 | -€8,951 | -18.1% |
| Operating profit (loss) | 9901 | €27,593 | €17,106 | -€10,487 | -38.0% |
| Financial charges | 65/66B | €25 | €1,811 | +€1,786 | +7,109% |
| Recurring financial charges | 65 | €25 | €1,811 | +€1,786 | +7,109% |
| Profit (loss) for the period before taxes | 9903 | €27,568 | €15,296 | -€12,273 | -44.5% |
| Income taxes | 67/77 | €6,201 | €5,342 | -€858 | -13.8% |
| Profit (loss) for the period | 9904 | €21,367 | €9,953 | -€11,414 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,367 | €9,953 | -€11,414 | -53.4% |
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 28 October 2026 via checked.be.