LIONEL & MALEK: 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.
LIONEL & MALEK
Largest movements
- Stocks and contracts +€53,135
up €53,135 (+414%), from €12,831 to €65,966
- Receivables within one year +€16,479
up €16,479 (+24.6%), from €67,006 to €83,485
of which Trade receivables: +€32,162
- Intangible fixed assets -€5,000
down €5,000 (-13.2%), from €37,890 to €32,890
- Tangible fixed assets +€3,196
up €3,196 (+762%), from €420 to €3,616
of which Plant, machinery and equipment: +€3,616
- Advances received +€51,682
new in 2023: €51,682
- Profit (loss) carried forward +€28,624
up €28,624 (+74.1%), from €38,643 to €67,267
- Trade debts -€24,261
down €24,261 (-86.5%), from €28,055 to €3,794
- Tax, wage and social debts +€21,435
up €21,435 (+78.5%), from €27,295 to €48,730
of which Remuneration and social security: +€14,643
- Other debts -€10,000
no longer reported in 2023 (was €10,000)
- Gross operating margin -€38,427
down €38,427 (-38.8%), from €98,914 to €60,486
- Staff costs -€25,876
down €25,876 (-67.9%), from €38,094 to €12,218
- Financial charges -€11,889
down €11,889 (-59.6%), from €19,953 to €8,064
- Taxes +€1,960
up €1,960 (+37.7%), from €5,196 to €7,156
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 | €123,993 | €191,473 | +€67,481 | +54.4% |
| Formation expenses | 20 | €413 | €253 | -€160 | -38.8% |
| Fixed assets | 21/28 | €43,310 | €41,506 | -€1,804 | -4.2% |
| Intangible fixed assets | 21 | €37,890 | €32,890 | -€5,000 | -13.2% |
| Tangible fixed assets | 22/27 | €420 | €3,616 | +€3,196 | +762% |
| Plant, machinery and equipment | 23 | - | €3,616 | +€3,616 | |
| Furniture and vehicles | 24 | €420 | - | -€420 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €80,269 | €149,714 | +€69,445 | +86.5% |
| Stocks and contracts in progress | 3 | €12,831 | €65,966 | +€53,135 | +414% |
| Stocks | 30/36 | €12,831 | €65,966 | +€53,135 | +414% |
| Amounts receivable within one year | 40/41 | €67,006 | €83,485 | +€16,479 | +24.6% |
| Trade receivables | 40 | €49,271 | €81,433 | +€32,162 | +65.3% |
| Other amounts receivable | 41 | €17,735 | €2,052 | -€15,683 | -88.4% |
| Cash at bank and in hand | 54/58 | €433 | €263 | -€169 | -39.2% |
| Total equity and liabilities | 10/49 | €123,993 | €191,473 | +€67,481 | +54.4% |
| Equity | 10/15 | €58,643 | €87,267 | +€28,624 | +48.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,643 | €67,267 | +€28,624 | +74.1% |
| Amounts payable | 17/49 | €65,350 | €104,206 | +€38,857 | +59.5% |
| Amounts payable within one year | 42/48 | €65,350 | €104,206 | +€38,857 | +59.5% |
| Trade debts | 44 | €28,055 | €3,794 | -€24,261 | -86.5% |
| Suppliers | 440/4 | €28,055 | €3,794 | -€24,261 | -86.5% |
| Advances received on contracts in progress | 46 | - | €51,682 | +€51,682 | |
| Taxes, remuneration and social security | 45 | €27,295 | €48,730 | +€21,435 | +78.5% |
| Taxes | 450/3 | €23,803 | €30,594 | +€6,791 | +28.5% |
| Remuneration and social security | 454/9 | €3,492 | €18,136 | +€14,643 | +419% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €38,094 | €12,218 | -€25,876 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,544 | €5,684 | +€140 | +2.5% |
| Other operating charges | 640/8 | €871 | €965 | +€94 | +10.7% |
| Gross operating margin | 9900 | €98,914 | €60,486 | -€38,427 | -38.8% |
| Operating profit (loss) | 9901 | €54,404 | €41,620 | -€12,784 | -23.5% |
| Financial income | 75/76B | €1,426 | €2,224 | +€798 | +55.9% |
| Recurring financial income | 75 | €1,426 | €2,224 | +€798 | +55.9% |
| Financial charges | 65/66B | €19,953 | €8,064 | -€11,889 | -59.6% |
| Recurring financial charges | 65 | €19,953 | €8,064 | -€11,889 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €35,878 | €35,780 | -€98 | -0.3% |
| Income taxes | 67/77 | €5,196 | €7,156 | +€1,960 | +37.7% |
| Profit (loss) for the period | 9904 | €30,682 | €28,624 | -€2,058 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,682 | €28,624 | -€2,058 | -6.7% |
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 26 October 2026 via checked.be.