JONATHAN FOX: 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.
JONATHAN FOX
Largest movements
- Cash +€30,503
up €30,503 (+224.3%), from €13,599 to €44,102
mainly Net result for the year (+€43,860) and Receivables within one year (+€19,986)
- Tangible fixed assets +€29,430
up €29,430 (+234.0%), from €12,576 to €42,006
- Receivables within one year -€19,986
down €19,986 (-20.5%), from €97,392 to €77,406
of which Trade receivables: -€12,232
- Profit (loss) carried forward +€27,360
up €27,360 (+33.3%), from €82,102 to €109,463
- Tax, wage and social debts +€15,449
up €15,449 (+152.5%), from €10,130 to €25,578
- Current portion of long-term debt -€2,443
down €2,443 (-74.2%), from €3,294 to €851
- Gross operating margin +€38,394
up €38,394 (+111.5%), from €34,449 to €72,842
- Taxes +€12,243
up €12,243 (+247.6%), from €4,945 to €17,188
- Depreciation -€5,828
down €5,828 (-61.7%), from €9,439 to €3,610
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 | €123,712 | €163,659 | +€39,947 | +32.3% |
| Fixed assets | 21/28 | €12,721 | €42,151 | +€29,430 | +231.4% |
| Tangible fixed assets | 22/27 | €12,576 | €42,006 | +€29,430 | +234.0% |
| Furniture and vehicles | 24 | €12,576 | €42,006 | +€29,430 | +234.0% |
| Financial fixed assets | 28 | €144 | €144 | = | 0.0% |
| Current assets | 29/58 | €110,992 | €121,508 | +€10,517 | +9.5% |
| Amounts receivable within one year | 40/41 | €97,392 | €77,406 | -€19,986 | -20.5% |
| Trade receivables | 40 | €88,583 | €76,351 | -€12,232 | -13.8% |
| Other amounts receivable | 41 | €8,810 | €1,055 | -€7,754 | -88.0% |
| Cash at bank and in hand | 54/58 | €13,599 | €44,102 | +€30,503 | +224.3% |
| Total equity and liabilities | 10/49 | €123,712 | €163,659 | +€39,947 | +32.3% |
| Equity | 10/15 | €91,481 | €118,841 | +€27,360 | +29.9% |
| Contributions | 10/11 | €6,273 | €6,273 | = | 0.0% |
| Reserves | 13 | €3,106 | €3,106 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,106 | €3,106 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,106 | €3,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,102 | €109,463 | +€27,360 | +33.3% |
| Amounts payable | 17/49 | €32,231 | €44,818 | +€12,586 | +39.0% |
| Amounts payable within one year | 42/48 | €32,231 | €44,818 | +€12,586 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €3,294 | €851 | -€2,443 | -74.2% |
| Trade debts | 44 | €429 | €330 | -€99 | -23.0% |
| Suppliers | 440/4 | €429 | €330 | -€99 | -23.0% |
| Taxes, remuneration and social security | 45 | €10,130 | €25,578 | +€15,449 | +152.5% |
| Taxes | 450/3 | €10,130 | €25,578 | +€15,449 | +152.5% |
| Other amounts payable | 47/48 | €18,379 | €18,058 | -€321 | -1.7% |
| Non-recurring operating income | 76A | €2,698 | €17,411 | +€14,713 | +545.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,439 | €3,610 | -€5,828 | -61.7% |
| Other operating charges | 640/8 | €106 | €63 | -€43 | -40.6% |
| Non-recurring operating charges | 66A | €6,164 | €7,778 | +€1,614 | +26.2% |
| Gross operating margin | 9900 | €34,449 | €72,842 | +€38,394 | +111.5% |
| Operating profit (loss) | 9901 | €18,740 | €61,391 | +€42,651 | +227.6% |
| Financial income | 75/76B | - | €72 | +€72 | |
| Recurring financial income | 75 | - | €72 | +€72 | |
| Financial charges | 65/66B | €360 | €414 | +€54 | +14.9% |
| Recurring financial charges | 65 | €360 | €414 | +€54 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €18,380 | €61,049 | +€42,669 | +232.2% |
| Income taxes | 67/77 | €4,945 | €17,188 | +€12,243 | +247.6% |
| Profit (loss) for the period | 9904 | €13,435 | €43,860 | +€30,426 | +226.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,435 | €43,860 | +€30,426 | +226.5% |
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 2 October 2026 via checked.be.