LABEL DENTURE: 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.
LABEL DENTURE
Largest movements
- Cash -€30,485
down €30,485 (-20.7%), from €147,412 to €116,927
mainly Contributions, distributions and other (-€149,802) and Investment in fixed assets (net) (-€12,175)
- Receivables within one year -€12,175
no longer reported in 2023 (was €12,175)
- Tangible fixed assets +€9,034
up €9,034 (+841.9%), from €1,073 to €10,107
of which Furniture and vehicles: +€9,390
- Receivables after one year -€7,358
down €7,358 (-15.3%), from €48,005 to €40,647
- Deferred charges and accrued income +€2,537
up €2,537 (+38.0%), from €6,675 to €9,212
- Reserves -€53,183
down €53,183 (-34.7%), from €153,472 to €100,289
of which Distributable reserves: -€53,183
- Tax, wage and social debts +€32,934
up €32,934 (+95.0%), from €34,666 to €67,600
of which Taxes: +€34,974
- Profit (loss) carried forward -€11,423
no longer reported in 2023 (was €11,423)
- Trade debts -€11,350
down €11,350 (-91.0%), from €12,469 to €1,119
- Other debts +€5,073
new in 2023: €5,073
- Gross operating margin +€29,128
up €29,128 (+31.2%), from €93,282 to €122,410
- Taxes +€6,281
up €6,281 (+23.8%), from €26,396 to €32,677
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 | €215,340 | €176,893 | -€38,447 | -17.9% |
| Fixed assets | 21/28 | €1,073 | €10,107 | +€9,034 | +841.9% |
| Tangible fixed assets | 22/27 | €1,073 | €10,107 | +€9,034 | +841.9% |
| Plant, machinery and equipment | 23 | €552 | €196 | -€356 | -64.5% |
| Furniture and vehicles | 24 | €521 | €9,911 | +€9,390 | +1802.3% |
| Current assets | 29/58 | €214,267 | €166,786 | -€47,481 | -22.2% |
| Amounts receivable after more than one year | 29 | €48,005 | €40,647 | -€7,358 | -15.3% |
| Other amounts receivable | 291 | €48,005 | €40,647 | -€7,358 | -15.3% |
| Amounts receivable within one year | 40/41 | €12,175 | - | -€12,175 | |
| Trade receivables | 40 | €12,175 | - | -€12,175 | |
| Cash at bank and in hand | 54/58 | €147,412 | €116,927 | -€30,485 | -20.7% |
| Deferred charges and accrued income | 490/1 | €6,675 | €9,212 | +€2,537 | +38.0% |
| Total equity and liabilities | 10/49 | €215,340 | €176,893 | -€38,447 | -17.9% |
| Equity | 10/15 | €167,395 | €102,789 | -€64,606 | -38.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €153,472 | €100,289 | -€53,183 | -34.7% |
| 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 | €151,612 | €98,429 | -€53,183 | -35.1% |
| Profit (loss) carried forward | 14 | €11,423 | - | -€11,423 | |
| Amounts payable | 17/49 | €47,945 | €74,104 | +€26,159 | +54.6% |
| Amounts payable within one year | 42/48 | €47,135 | €73,792 | +€26,657 | +56.6% |
| Trade debts | 44 | €12,469 | €1,119 | -€11,350 | -91.0% |
| Suppliers | 440/4 | €12,469 | €1,119 | -€11,350 | -91.0% |
| Taxes, remuneration and social security | 45 | €34,666 | €67,600 | +€32,934 | +95.0% |
| Taxes | 450/3 | €30,610 | €65,584 | +€34,974 | +114.3% |
| Remuneration and social security | 454/9 | €4,056 | €2,016 | -€2,040 | -50.3% |
| Other amounts payable | 47/48 | - | €5,073 | +€5,073 | |
| Accrued charges and deferred income | 492/3 | €810 | €312 | -€498 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,769 | €3,141 | -€628 | -16.7% |
| Other operating charges | 640/8 | €2,497 | €2,447 | -€50 | -2.0% |
| Gross operating margin | 9900 | €93,282 | €122,410 | +€29,128 | +31.2% |
| Operating profit (loss) | 9901 | €87,016 | €116,822 | +€29,806 | +34.3% |
| Financial income | 75/76B | €941 | €1,244 | +€303 | +32.2% |
| Recurring financial income | 75 | €941 | €1,244 | +€303 | +32.2% |
| Financial charges | 65/66B | €180 | €193 | +€13 | +7.2% |
| Recurring financial charges | 65 | €180 | €193 | +€13 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €87,777 | €117,873 | +€30,096 | +34.3% |
| Income taxes | 67/77 | €26,396 | €32,677 | +€6,281 | +23.8% |
| Profit (loss) for the period | 9904 | €61,381 | €85,196 | +€23,815 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,381 | €85,196 | +€23,815 | +38.8% |
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.