Knock-Out: 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.
Knock-Out
Largest movements
- Cash -€10,400
down €10,400 (-98.0%), from €10,613 to €213
mainly Net result for the year (-€20,809) and Deferred charges and accrued income (-€3,042)
- Deferred charges and accrued income +€3,042
up €3,042 (+308%), from €986 to €4,028
- Receivables within one year -€2,847
down €2,847 (-44.9%), from €6,347 to €3,500
of which Trade receivables: -€4,132
- Profit (loss) carried forward -€20,809
down €20,809, from €2,353 to -€18,456
- Advances received +€6,317
new in 2022: €6,317
- Other debts +€3,850
up €3,850 (+31.2%), from €12,323 to €16,173
- Accrued charges and deferred income +€2,803
new in 2022: €2,803
- Trade debts -€2,357
down €2,357 (-40.7%), from €5,796 to €3,438
- Gross operating margin -€22,916
down €22,916, from €3,511 to -€19,405
- Other operating charges +€656
up €656 (+129%), from €508 to €1,164
- Taxes -€597
no longer reported in 2022 (was €597)
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 | €26,077 | €15,871 | -€10,206 | -39.1% |
| Current assets | 29/58 | €26,077 | €15,871 | -€10,206 | -39.1% |
| Stocks and contracts in progress | 3 | €8,130 | €8,130 | = | 0.0% |
| Stocks | 30/36 | €8,130 | €8,130 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,347 | €3,500 | -€2,847 | -44.9% |
| Trade receivables | 40 | €4,132 | - | -€4,132 | |
| Other amounts receivable | 41 | €2,215 | €3,500 | +€1,285 | +58.0% |
| Cash at bank and in hand | 54/58 | €10,613 | €213 | -€10,400 | -98.0% |
| Deferred charges and accrued income | 490/1 | €986 | €4,028 | +€3,042 | +308% |
| Total equity and liabilities | 10/49 | €26,077 | €15,871 | -€10,206 | -39.1% |
| Equity | 10/15 | €7,353 | -€13,456 | -€20,809 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €2,353 | -€18,456 | -€20,809 | |
| Amounts payable | 17/49 | €18,725 | €29,327 | +€10,603 | +56.6% |
| Amounts payable within one year | 42/48 | €18,725 | €26,524 | +€7,800 | +41.7% |
| Trade debts | 44 | €5,796 | €3,438 | -€2,357 | -40.7% |
| Suppliers | 440/4 | €5,796 | €3,438 | -€2,357 | -40.7% |
| Advances received on contracts in progress | 46 | - | €6,317 | +€6,317 | |
| Taxes, remuneration and social security | 45 | €606 | €597 | -€9 | -1.6% |
| Taxes | 450/3 | €606 | €597 | -€9 | -1.6% |
| Other amounts payable | 47/48 | €12,323 | €16,173 | +€3,850 | +31.2% |
| Accrued charges and deferred income | 492/3 | - | €2,803 | +€2,803 | |
| Other operating charges | 640/8 | €508 | €1,164 | +€656 | +129% |
| Gross operating margin | 9900 | €3,511 | -€19,405 | -€22,916 | |
| Operating profit (loss) | 9901 | €3,003 | -€20,569 | -€23,572 | |
| Financial charges | 65/66B | €54 | €240 | +€186 | +345% |
| Recurring financial charges | 65 | €54 | €240 | +€186 | +345% |
| Profit (loss) for the period before taxes | 9903 | €2,949 | -€20,809 | -€23,758 | |
| Income taxes | 67/77 | €597 | - | -€597 | |
| Profit (loss) for the period | 9904 | €2,353 | -€20,809 | -€23,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,353 | -€20,809 | -€23,161 |
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 13 October 2026 via checked.be.