L&C: 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.
L&C
Largest movements
- Receivables within one year -€1.7m
down €1.7m (-78.9%), from €2.2m to €454,650
of which Other amounts receivable: -€1.8m
- Contributions -€13.0m
down €13.0m (-99.9%), from €13.0m to €12,000
of which Contributions outside capital: -€12.8m
- Profit (loss) carried forward +€11.2m
up €11.2m, from -€11.1m to €161,898
- Other debts +€78,022
up €78,022 (+54.6%), from €142,855 to €220,877
- Write-downs -€447,500
down €447,500, from €335,000 to -€112,500
- Gross operating margin +€237,768
up €237,768 (+1,445%), from €16,458 to €254,226
- Other operating charges +€199,500
new in 2023: €199,500
- Financial income -€110,404
no longer reported in 2023 (was €110,404)
- Taxes -€9,799
no longer reported in 2023 (was €9,799)
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 | €2,152,863 | €454,742 | -€1.7m | -78.9% |
| Current assets | 29/58 | €2,152,863 | €454,742 | -€1.7m | -78.9% |
| Amounts receivable within one year | 40/41 | €2,152,771 | €454,650 | -€1.7m | -78.9% |
| Trade receivables | 40 | €321,375 | €454,005 | +€132,630 | +41.3% |
| Other amounts receivable | 41 | €1,831,396 | €645 | -€1.8m | -100.0% |
| Cash at bank and in hand | 54/58 | €92 | €92 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,152,863 | €454,742 | -€1.7m | -78.9% |
| Equity | 10/15 | €1,942,779 | €173,898 | -€1.8m | -91.0% |
| Contributions | 10/11 | €12,996,736 | €12,000 | -€13.0m | -99.9% |
| Capital | 10 | €175,522 | - | -€175,522 | |
| Issued capital | 100 | €175,522 | - | -€175,522 | |
| Contributions outside capital | 11 | €12,821,214 | - | -€12.8m | |
| Share premium | 1100/10 | €12,821,214 | - | -€12.8m | |
| Profit (loss) carried forward | 14 | -€11,053,957 | €161,898 | +€11.2m | |
| Amounts payable | 17/49 | €210,084 | €280,844 | +€70,760 | +33.7% |
| Amounts payable within one year | 42/48 | €210,084 | €280,844 | +€70,760 | +33.7% |
| Trade debts | 44 | €14,060 | €2,150 | -€11,910 | -84.7% |
| Suppliers | 440/4 | €14,060 | €2,150 | -€11,910 | -84.7% |
| Taxes, remuneration and social security | 45 | €53,169 | €57,817 | +€4,648 | +8.7% |
| Taxes | 450/3 | €53,169 | €57,817 | +€4,648 | +8.7% |
| Other amounts payable | 47/48 | €142,855 | €220,877 | +€78,022 | +54.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €335,000 | -€112,500 | -€447,500 | |
| Other operating charges | 640/8 | - | €199,500 | +€199,500 | |
| Non-recurring operating charges | 66A | - | €4,607 | +€4,607 | |
| Gross operating margin | 9900 | €16,458 | €254,226 | +€237,768 | +1,445% |
| Operating profit (loss) | 9901 | -€318,542 | €162,619 | +€481,161 | |
| Financial income | 75/76B | €110,404 | - | -€110,404 | |
| Recurring financial income | 75 | €110,404 | - | -€110,404 | |
| Financial charges | 65/66B | €1,767 | €721 | -€1,046 | -59.2% |
| Recurring financial charges | 65 | €1,767 | €721 | -€1,046 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | -€209,905 | €161,898 | +€371,803 | |
| Income taxes | 67/77 | €9,799 | - | -€9,799 | |
| Profit (loss) for the period | 9904 | -€219,704 | €161,898 | +€381,602 | |
| Profit (loss) for the period to be appropriated | 9905 | -€219,704 | €161,898 | +€381,602 |
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 13 October 2026 via checked.be.