Management Nco: 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.
Management Nco
Largest movements
- Cash -€9,121
down €9,121 (-62.5%), from €14,592 to €5,471
mainly Net result for the year (-€18,990) and Investment in fixed assets (net) (-€10,319)
- Receivables within one year -€4,478
down €4,478 (-21.2%), from €21,075 to €16,597
of which Other amounts receivable: -€4,478
- Tangible fixed assets +€1,680
up €1,680 (+2.3%), from €71,687 to €73,367
of which Furniture and vehicles: +€8,580
- Profit (loss) carried forward -€18,990
down €18,990, from €17,785 to -€1,205
- Other debts +€5,400
up €5,400 (+394%), from €1,369 to €6,769
- Gross operating margin -€4,087
down €4,087 (-91.9%), from -€4,449 to -€8,535
- Depreciation +€1,305
up €1,305 (+17.8%), from €7,333 to €8,639
- Financial charges -€361
down €361 (-90.3%), from €399 to €39
- Other operating charges -€116
down €116 (-6.1%), from €1,893 to €1,777
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 | €108,853 | €95,978 | -€12,876 | -11.8% |
| Fixed assets | 21/28 | €71,687 | €73,367 | +€1,680 | +2.3% |
| Tangible fixed assets | 22/27 | €71,687 | €73,367 | +€1,680 | +2.3% |
| Land and buildings | 22 | €63,827 | €57,554 | -€6,273 | -9.8% |
| Plant, machinery and equipment | 23 | €2,509 | €1,883 | -€626 | -25.0% |
| Furniture and vehicles | 24 | €5,351 | €13,930 | +€8,580 | +160% |
| Current assets | 29/58 | €37,166 | €22,610 | -€14,556 | -39.2% |
| Amounts receivable within one year | 40/41 | €21,075 | €16,597 | -€4,478 | -21.2% |
| Trade receivables | 40 | €12,826 | €12,826 | = | 0.0% |
| Other amounts receivable | 41 | €8,249 | €3,771 | -€4,478 | -54.3% |
| Cash at bank and in hand | 54/58 | €14,592 | €5,471 | -€9,121 | -62.5% |
| Deferred charges and accrued income | 490/1 | €1,499 | €542 | -€957 | -63.8% |
| Total equity and liabilities | 10/49 | €108,853 | €95,978 | -€12,876 | -11.8% |
| Equity | 10/15 | €105,430 | €86,440 | -€18,990 | -18.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €69,053 | €69,053 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €67,194 | €67,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,785 | -€1,205 | -€18,990 | |
| Amounts payable | 17/49 | €3,423 | €9,537 | +€6,114 | +179% |
| Amounts payable within one year | 42/48 | €3,423 | €9,537 | +€6,114 | +179% |
| Trade debts | 44 | €2,054 | €2,758 | +€704 | +34.3% |
| Suppliers | 440/4 | €2,054 | €2,758 | +€704 | +34.3% |
| Taxes, remuneration and social security | 45 | - | €10 | +€10 | |
| Taxes | 450/3 | - | €10 | +€10 | |
| Other amounts payable | 47/48 | €1,369 | €6,769 | +€5,400 | +394% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,333 | €8,639 | +€1,305 | +17.8% |
| Other operating charges | 640/8 | €1,893 | €1,777 | -€116 | -6.1% |
| Gross operating margin | 9900 | -€4,449 | -€8,535 | -€4,087 | -91.9% |
| Operating profit (loss) | 9901 | -€13,675 | -€18,951 | -€5,276 | -38.6% |
| Financial charges | 65/66B | €399 | €39 | -€361 | -90.3% |
| Recurring financial charges | 65 | €399 | €39 | -€361 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,075 | -€18,990 | -€4,915 | -34.9% |
| Profit (loss) for the period | 9904 | -€14,075 | -€18,990 | -€4,915 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,075 | -€18,990 | -€4,915 | -34.9% |
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.