LOA: 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.
LOA
Largest movements
- Cash +€5,016
up €5,016 (+64.2%), from €7,820 to €12,836
mainly Tax, wage and social debts (+€21,966) and Depreciation (+€4,386)
- Receivables within one year -€3,134
down €3,134 (-38.2%), from €8,206 to €5,072
of which Trade receivables: -€3,905
- Tangible fixed assets +€1,887
up €1,887 (+7.8%), from €24,221 to €26,108
of which Other tangible fixed assets: +€1,748
- Tax, wage and social debts +€21,966
up €21,966 (+226.0%), from €9,719 to €31,685
of which Taxes: +€12,899
- Other debts -€12,133
down €12,133 (-67.7%), from €17,927 to €5,793
- Accrued charges and deferred income -€3,490
no longer reported in 2022 (was €3,490)
- Trade debts -€3,051
down €3,051 (-24.9%), from €12,229 to €9,178
- Staff costs +€8,876
up €8,876 (+23.6%), from €37,684 to €46,561
- Gross operating margin +€2,799
up €2,799 (+5.0%), from €55,683 to €58,482
- Depreciation +€1,595
up €1,595 (+57.2%), from €2,790 to €4,386
- Financial charges -€1,042
down €1,042 (-17.5%), from €5,958 to €4,916
- Other operating charges +€770
up €770 (+54.7%), from €1,408 to €2,178
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.
Cash bridge derived
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 | €43,329 | €47,099 | +€3,770 | +8.7% |
| Fixed assets | 21/28 | €24,303 | €26,191 | +€1,887 | +7.8% |
| Tangible fixed assets | 22/27 | €24,221 | €26,108 | +€1,887 | +7.8% |
| Plant, machinery and equipment | 23 | €3,082 | €2,907 | -€175 | -5.7% |
| Furniture and vehicles | 24 | €1,382 | €1,696 | +€314 | +22.7% |
| Other tangible fixed assets | 26 | €19,757 | €21,505 | +€1,748 | +8.8% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €19,026 | €20,908 | +€1,883 | +9.9% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,206 | €5,072 | -€3,134 | -38.2% |
| Trade receivables | 40 | €5,861 | €1,956 | -€3,905 | -66.6% |
| Other amounts receivable | 41 | €2,345 | €3,117 | +€771 | +32.9% |
| Cash at bank and in hand | 54/58 | €7,820 | €12,836 | +€5,016 | +64.2% |
| Total equity and liabilities | 10/49 | €43,329 | €47,099 | +€3,770 | +8.7% |
| Equity | 10/15 | -€44 | €413 | +€457 | |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,444 | -€12,987 | +€457 | +3.4% |
| Amounts payable | 17/49 | €43,373 | €46,687 | +€3,313 | +7.6% |
| Amounts payable within one year | 42/48 | €39,883 | €46,687 | +€6,804 | +17.1% |
| Financial debts | 43 | €9 | €30 | +€21 | +242.0% |
| Credit institutions | 430/8 | €9 | €30 | +€21 | +242.0% |
| Trade debts | 44 | €12,229 | €9,178 | -€3,051 | -24.9% |
| Suppliers | 440/4 | €12,229 | €9,178 | -€3,051 | -24.9% |
| Taxes, remuneration and social security | 45 | €9,719 | €31,685 | +€21,966 | +226.0% |
| Taxes | 450/3 | €3,466 | €16,365 | +€12,899 | +372.2% |
| Remuneration and social security | 454/9 | €6,253 | €15,320 | +€9,067 | +145.0% |
| Other amounts payable | 47/48 | €17,927 | €5,793 | -€12,133 | -67.7% |
| Accrued charges and deferred income | 492/3 | €3,490 | - | -€3,490 | |
| Remuneration, social security and pensions | 62 | €37,684 | €46,561 | +€8,876 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,790 | €4,386 | +€1,595 | +57.2% |
| Other operating charges | 640/8 | €1,408 | €2,178 | +€770 | +54.7% |
| Non-recurring operating charges | 66A | €799 | - | -€799 | |
| Gross operating margin | 9900 | €55,683 | €58,482 | +€2,799 | +5.0% |
| Operating profit (loss) | 9901 | €13,001 | €5,358 | -€7,643 | -58.8% |
| Financial income | 75/76B | €0 | €15 | +€14 | +11130.8% |
| Recurring financial income | 75 | €0 | €15 | +€14 | +11130.8% |
| Financial charges | 65/66B | €5,958 | €4,916 | -€1,042 | -17.5% |
| Recurring financial charges | 65 | €5,958 | €4,916 | -€1,042 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €7,043 | €457 | -€6,586 | -93.5% |
| Profit (loss) for the period | 9904 | €7,043 | €457 | -€6,586 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,043 | €457 | -€6,586 | -93.5% |
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 11 October 2026 via checked.be.