MAJOR: 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.
MAJOR
Largest movements
- Cash -€107,831
down €107,831 (-25.9%), from €416,335 to €308,503
mainly Trade debts (-€142,630) and Investment in fixed assets (net) (-€73,112)
- Tangible fixed assets +€31,823
up €31,823 (+47.9%), from €66,427 to €98,250
of which Furniture and vehicles: +€39,600
- Receivables within one year +€16,865
up €16,865 (+3.9%), from €431,571 to €448,436
- Profit (loss) carried forward +€172,881
up €172,881 (+28.0%), from €616,592 to €789,473
- Trade debts -€142,630
down €142,630 (-99.0%), from €144,015 to €1,386
- Tax, wage and social debts -€53,237
down €53,237 (-25.3%), from €210,312 to €157,075
of which Taxes: -€47,588
- Other debts -€38,468
down €38,468 (-78.5%), from €49,000 to €10,532
- Taxes +€109,614
up €109,614, from -€109,529 to €85
- Staff costs +€35,621
up €35,621 (+40.2%), from €88,574 to €124,195
- Depreciation +€15,230
up €15,230 (+59.4%), from €25,659 to €40,889
- Gross operating margin -€14,790
down €14,790 (-4.0%), from €369,983 to €355,193
- Other operating charges +€12,298
up €12,298 (+258.4%), from €4,759 to €17,057
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 | €1,109,248 | €1,047,160 | -€62,088 | -5.6% |
| Fixed assets | 21/28 | €83,858 | €116,081 | +€32,223 | +38.4% |
| Tangible fixed assets | 22/27 | €66,427 | €98,250 | +€31,823 | +47.9% |
| Plant, machinery and equipment | 23 | - | €2,331 | +€2,331 | |
| Furniture and vehicles | 24 | €25,542 | €65,142 | +€39,600 | +155.0% |
| Other tangible fixed assets | 26 | €40,885 | €30,777 | -€10,109 | -24.7% |
| Financial fixed assets | 28 | €17,430 | €17,830 | +€400 | +2.3% |
| Current assets | 29/58 | €1,025,390 | €931,080 | -€94,310 | -9.2% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Trade receivables | 290 | €170,000 | €170,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,485 | €4,093 | -€3,391 | -45.3% |
| Stocks | 30/36 | €7,485 | €4,093 | -€3,391 | -45.3% |
| Amounts receivable within one year | 40/41 | €431,571 | €448,436 | +€16,865 | +3.9% |
| Other amounts receivable | 41 | €431,571 | €448,436 | +€16,865 | +3.9% |
| Cash at bank and in hand | 54/58 | €416,335 | €308,503 | -€107,831 | -25.9% |
| Deferred charges and accrued income | 490/1 | - | €47 | +€47 | |
| Total equity and liabilities | 10/49 | €1,109,248 | €1,047,160 | -€62,088 | -5.6% |
| Equity | 10/15 | €685,287 | €858,168 | +€172,881 | +25.2% |
| Contributions | 10/11 | €62,450 | €62,450 | = | 0.0% |
| Capital | 10 | €62,450 | €62,450 | = | 0.0% |
| Issued capital | 100 | €62,450 | €62,450 | = | 0.0% |
| Reserves | 13 | €6,245 | €6,245 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,245 | €6,245 | = | 0.0% |
| Legal reserve | 130 | €6,245 | €6,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €616,592 | €789,473 | +€172,881 | +28.0% |
| Amounts payable | 17/49 | €423,961 | €188,993 | -€234,968 | -55.4% |
| Amounts payable within one year | 42/48 | €423,327 | €188,993 | -€234,334 | -55.4% |
| Trade debts | 44 | €144,015 | €1,386 | -€142,630 | -99.0% |
| Suppliers | 440/4 | €144,015 | €1,386 | -€142,630 | -99.0% |
| Advances received on contracts in progress | 46 | €20,000 | €20,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €210,312 | €157,075 | -€53,237 | -25.3% |
| Taxes | 450/3 | €204,663 | €157,075 | -€47,588 | -23.3% |
| Remuneration and social security | 454/9 | €5,649 | - | -€5,649 | |
| Other amounts payable | 47/48 | €49,000 | €10,532 | -€38,468 | -78.5% |
| Accrued charges and deferred income | 492/3 | €634 | - | -€634 | |
| Remuneration, social security and pensions | 62 | €88,574 | €124,195 | +€35,621 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,659 | €40,889 | +€15,230 | +59.4% |
| Other operating charges | 640/8 | €4,759 | €17,057 | +€12,298 | +258.4% |
| Non-recurring operating charges | 66A | - | €31 | +€31 | |
| Gross operating margin | 9900 | €369,983 | €355,193 | -€14,790 | -4.0% |
| Operating profit (loss) | 9901 | €250,990 | €173,020 | -€77,970 | -31.1% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €513 | €55 | -€458 | -89.3% |
| Recurring financial charges | 65 | €513 | €55 | -€458 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €250,495 | €172,966 | -€77,530 | -31.0% |
| Income taxes | 67/77 | -€109,529 | €85 | +€109,614 | |
| Profit (loss) for the period | 9904 | €360,024 | €172,881 | -€187,143 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €360,024 | €172,881 | -€187,143 | -52.0% |
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 10 October 2026 via checked.be.