LUC VAN OOTEGEM: 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.
LUC VAN OOTEGEM
Largest movements
- Receivables within one year -€43,204
down €43,204 (-77.7%), from €55,583 to €12,379
of which Trade receivables: -€32,064
- Cash +€39,676
up €39,676 (+26.9%), from €147,762 to €187,438
mainly Receivables within one year (+€43,204) and Net result for the year (+€18,342)
- Stocks and contracts -€8,949
down €8,949 (-62.3%), from €14,364 to €5,416
- Tangible fixed assets -€2,600
no longer reported in 2022 (was €2,600)
- Trade debts -€34,901
no longer reported in 2022 (was €34,901)
- Reserves +€18,342
up €18,342 (+11.3%), from €161,988 to €180,330
of which Distributable reserves: +€18,342
- Advances received -€3,823
no longer reported in 2022 (was €3,823)
- Other debts +€3,607
new in 2022: €3,607
- Staff costs -€68,109
down €68,109 (-65.7%), from €103,614 to €35,504
- Gross operating margin -€61,662
down €61,662 (-47.9%), from €128,811 to €67,149
- Financial charges -€8,048
down €8,048 (-95.9%), from €8,389 to €342
of which Non-recurring financial charges: -€8,118
- Taxes +€2,650
up €2,650 (+38.8%), from €6,829 to €9,479
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.
Derived cash bridge
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 | €226,393 | €210,871 | -€15,522 | -6.9% |
| Fixed assets | 21/28 | €5,974 | €3,374 | -€2,600 | -43.5% |
| Tangible fixed assets | 22/27 | €2,600 | - | -€2,600 | |
| Plant, machinery and equipment | 23 | €2,600 | - | -€2,600 | |
| Financial fixed assets | 28 | €3,374 | €3,374 | = | 0.0% |
| Current assets | 29/58 | €220,418 | €207,497 | -€12,921 | -5.9% |
| Stocks and contracts in progress | 3 | €14,364 | €5,416 | -€8,949 | -62.3% |
| Stocks | 30/36 | €14,364 | €5,416 | -€8,949 | -62.3% |
| Amounts receivable within one year | 40/41 | €55,583 | €12,379 | -€43,204 | -77.7% |
| Trade receivables | 40 | €41,042 | €8,978 | -€32,064 | -78.1% |
| Other amounts receivable | 41 | €14,541 | €3,401 | -€11,140 | -76.6% |
| Cash at bank and in hand | 54/58 | €147,762 | €187,438 | +€39,676 | +26.9% |
| Deferred charges and accrued income | 490/1 | €2,710 | €2,265 | -€445 | -16.4% |
| Total equity and liabilities | 10/49 | €226,393 | €210,871 | -€15,522 | -6.9% |
| Equity | 10/15 | €186,988 | €205,330 | +€18,342 | +9.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €161,988 | €180,330 | +€18,342 | +11.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €159,488 | €177,830 | +€18,342 | +11.5% |
| Amounts payable | 17/49 | €39,405 | €5,541 | -€33,863 | -85.9% |
| Amounts payable within one year | 42/48 | €39,405 | €5,541 | -€33,863 | -85.9% |
| Trade debts | 44 | €34,901 | - | -€34,901 | |
| Suppliers | 440/4 | €34,901 | - | -€34,901 | |
| Advances received on contracts in progress | 46 | €3,823 | - | -€3,823 | |
| Taxes, remuneration and social security | 45 | €681 | €1,934 | +€1,253 | +184% |
| Taxes | 450/3 | €681 | €1,934 | +€1,253 | +184% |
| Other amounts payable | 47/48 | - | €3,607 | +€3,607 | |
| Remuneration, social security and pensions | 62 | €103,614 | €35,504 | -€68,109 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,193 | €2,600 | +€407 | +18.6% |
| Other operating charges | 640/8 | €1,610 | €1,074 | -€536 | -33.3% |
| Gross operating margin | 9900 | €128,811 | €67,149 | -€61,662 | -47.9% |
| Operating profit (loss) | 9901 | €21,395 | €27,970 | +€6,576 | +30.7% |
| Financial income | 75/76B | €134 | €192 | +€58 | +43.1% |
| Recurring financial income | 75 | €134 | €192 | +€58 | +43.1% |
| Financial charges | 65/66B | €8,389 | €342 | -€8,048 | -95.9% |
| Recurring financial charges | 65 | €271 | €342 | +€70 | +25.9% |
| Non-recurring financial charges | 66B | €8,118 | - | -€8,118 | |
| Profit (loss) for the period before taxes | 9903 | €13,139 | €27,821 | +€14,681 | +112% |
| Income taxes | 67/77 | €6,829 | €9,479 | +€2,650 | +38.8% |
| Profit (loss) for the period | 9904 | €6,311 | €18,342 | +€12,031 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €6,311 | €18,342 | +€12,031 | +191% |
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 31 October 2026 via checked.be.