LO-AN: 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.
LO-AN
Largest movements
- Receivables within one year +€87,201
up €87,201 (+772.9%), from €11,283 to €98,484
of which Trade receivables: +€55,570
- Stocks and contracts -€32,087
no longer reported in 2023 (was €32,087)
- Cash -€22,490
down €22,490 (-82.1%), from €27,384 to €4,894
- Tangible fixed assets -€14,366
down €14,366 (-77.7%), from €18,493 to €4,127
of which Furniture and vehicles: -€18,493
- Profit (loss) carried forward +€41,453
up €41,453 (+334.6%), from €12,389 to €53,842
- Trade debts +€25,579
up €25,579 (+379.7%), from €6,737 to €32,316
- Debts after one year -€21,592
down €21,592 (-74.9%), from €28,842 to €7,250
- Tax, wage and social debts -€13,310
down €13,310 (-81.1%), from €16,407 to €3,097
of which Remuneration and social security: -€8,938
- Current portion of long-term debt -€8,559
no longer reported in 2023 (was €8,559)
- Gross operating margin +€31,244
up €31,244 (+163.9%), from €19,059 to €50,303
- Turnover +€28,261
up €28,261 (+7.8%), from €363,865 to €392,126
- Purchases and services -€19,498
down €19,498 (-5.3%), from €367,806 to €348,308
From the 2021 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,247 | €107,505 | +€18,258 | +20.5% |
| Fixed assets | 21/28 | €18,493 | €4,127 | -€14,366 | -77.7% |
| Tangible fixed assets | 22/27 | €18,493 | €4,127 | -€14,366 | -77.7% |
| Plant, machinery and equipment | 23 | - | €4,127 | +€4,127 | |
| Furniture and vehicles | 24 | €18,493 | - | -€18,493 | |
| Current assets | 29/58 | €70,754 | €103,378 | +€32,624 | +46.1% |
| Stocks and contracts in progress | 3 | €32,087 | - | -€32,087 | |
| Stocks | 30/36 | €32,087 | - | -€32,087 | |
| Amounts receivable within one year | 40/41 | €11,283 | €98,484 | +€87,201 | +772.9% |
| Trade receivables | 40 | €150 | €55,720 | +€55,570 | +37046.7% |
| Other amounts receivable | 41 | €11,133 | €42,764 | +€31,631 | +284.1% |
| Cash at bank and in hand | 54/58 | €27,384 | €4,894 | -€22,490 | -82.1% |
| Total equity and liabilities | 10/49 | €89,247 | €107,505 | +€18,258 | +20.5% |
| Equity | 10/15 | €23,389 | €64,842 | +€41,453 | +177.2% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Capital | 10 | €11,000 | €11,000 | = | 0.0% |
| Issued capital | 100 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,389 | €53,842 | +€41,453 | +334.6% |
| Amounts payable | 17/49 | €65,858 | €42,663 | -€23,195 | -35.2% |
| Amounts payable after more than one year | 17 | €28,842 | €7,250 | -€21,592 | -74.9% |
| Financial debts | 170/4 | €28,842 | €7,250 | -€21,592 | -74.9% |
| Amounts payable within one year | 42/48 | €37,016 | €35,413 | -€1,603 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €8,559 | - | -€8,559 | |
| Trade debts | 44 | €6,737 | €32,316 | +€25,579 | +379.7% |
| Suppliers | 440/4 | €6,737 | €32,316 | +€25,579 | +379.7% |
| Taxes, remuneration and social security | 45 | €16,407 | €3,097 | -€13,310 | -81.1% |
| Taxes | 450/3 | €7,469 | €3,097 | -€4,372 | -58.5% |
| Remuneration and social security | 454/9 | €8,938 | - | -€8,938 | |
| Other amounts payable | 47/48 | €5,313 | - | -€5,313 | |
| Turnover | 70 | €363,865 | €392,126 | +€28,261 | +7.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €367,806 | €348,308 | -€19,498 | -5.3% |
| Remuneration, social security and pensions | 62 | - | €8 | +€8 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,687 | €562 | -€1,125 | -66.7% |
| Other operating charges | 640/8 | €529 | €3,568 | +€3,039 | +574.5% |
| Gross operating margin | 9900 | €19,059 | €50,303 | +€31,244 | +163.9% |
| Operating profit (loss) | 9901 | €16,843 | €46,165 | +€29,322 | +174.1% |
| Financial income | 75/76B | €169 | €599 | +€430 | +254.4% |
| Recurring financial income | 75 | €169 | €599 | +€430 | +254.4% |
| Financial charges | 65/66B | €1,527 | €1,023 | -€504 | -33.0% |
| Recurring financial charges | 65 | €1,527 | €1,023 | -€504 | -33.0% |
| Non-recurring financial charges | 66B | €1,527 | - | -€1,527 | |
| Profit (loss) for the period before taxes | 9903 | €15,485 | €45,741 | +€30,256 | +195.4% |
| Income taxes | 67/77 | €3,096 | €4,288 | +€1,192 | +38.5% |
| Profit (loss) for the period | 9904 | €12,389 | €41,453 | +€29,064 | +234.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,389 | €41,453 | +€29,064 | +234.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.