MARC VANDENDIJK: 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.
MARC VANDENDIJK
Largest movements
- Receivables within one year +€54,033
up €54,033 (+13.8%), from €390,830 to €444,863
of which Trade receivables: +€76,410
- Trade debts +€35,700
up €35,700 (+19.9%), from €179,748 to €215,448
- Profit (loss) carried forward -€21,950
down €21,950 (-80.3%), from -€27,340 to -€49,290
- Other debts +€21,276
up €21,276 (+52.2%), from €40,780 to €62,056
- Short-term financial debts -€16,721
down €16,721 (-89.3%), from €18,720 to €1,999
- Provisions +€15,000
up €15,000 (+11.3%), from €132,907 to €147,907
- Gross operating margin -€53,681
down €53,681 (-75.3%), from €71,334 to €17,653
- Provisions +€15,000
new in 2023: €15,000
- Taxes -€10,281
down €10,281 (-55.9%), from €18,388 to €8,107
- Other operating charges -€9,600
down €9,600 (-91.5%), from €10,497 to €897
- Financial charges -€2,197
down €2,197 (-12.3%), from €17,796 to €15,599
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.
Derived cash bridge
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 | €902,748 | €959,181 | +€56,433 | +6.3% |
| Fixed assets | 21/28 | €248 | €248 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €902,500 | €958,933 | +€56,433 | +6.3% |
| Amounts receivable after more than one year | 29 | €510,064 | €510,064 | = | 0.0% |
| Other amounts receivable | 291 | €510,064 | €510,064 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €390,830 | €444,863 | +€54,033 | +13.8% |
| Trade receivables | 40 | €326 | €76,736 | +€76,410 | +23,439% |
| Other amounts receivable | 41 | €390,504 | €368,127 | -€22,377 | -5.7% |
| Cash at bank and in hand | 54/58 | €4 | €8 | +€4 | +100% |
| Deferred charges and accrued income | 490/1 | €1,602 | €3,998 | +€2,396 | +150% |
| Total equity and liabilities | 10/49 | €902,748 | €959,181 | +€56,433 | +6.3% |
| Equity | 10/15 | -€19,284 | -€41,234 | -€21,950 | -114% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | - | -€6,197 | |
| Other | 1109/19 | €6,197 | - | -€6,197 | |
| Reserves | 13 | €1,859 | €1,859 | = | 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% |
| Profit (loss) carried forward | 14 | -€27,340 | -€49,290 | -€21,950 | -80.3% |
| Provisions and deferred taxes | 16 | €132,907 | €147,907 | +€15,000 | +11.3% |
| Provisions for liabilities and charges | 160/5 | €132,907 | €147,907 | +€15,000 | +11.3% |
| Pensions and similar obligations | 160 | €82,055 | €82,055 | = | 0.0% |
| Major repairs and maintenance | 162 | €12,500 | €12,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €38,352 | €53,352 | +€15,000 | +39.1% |
| Amounts payable | 17/49 | €789,125 | €852,508 | +€63,383 | +8.0% |
| Amounts payable after more than one year | 17 | €512,913 | €525,736 | +€12,823 | +2.5% |
| Financial debts | 170/4 | €512,913 | €525,736 | +€12,823 | +2.5% |
| Amounts payable within one year | 42/48 | €273,612 | €318,911 | +€45,299 | +16.6% |
| Financial debts | 43 | €18,720 | €1,999 | -€16,721 | -89.3% |
| Credit institutions | 430/8 | €18,720 | €1,999 | -€16,721 | -89.3% |
| Trade debts | 44 | €179,748 | €215,448 | +€35,700 | +19.9% |
| Suppliers | 440/4 | €179,748 | €215,448 | +€35,700 | +19.9% |
| Taxes, remuneration and social security | 45 | €34,364 | €39,408 | +€5,044 | +14.7% |
| Taxes | 450/3 | €34,364 | €39,408 | +€5,044 | +14.7% |
| Other amounts payable | 47/48 | €40,780 | €62,056 | +€21,276 | +52.2% |
| Accrued charges and deferred income | 492/3 | €2,600 | €7,861 | +€5,261 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €15,000 | +€15,000 | |
| Other operating charges | 640/8 | €10,497 | €897 | -€9,600 | -91.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €71,334 | €17,653 | -€53,681 | -75.3% |
| Operating profit (loss) | 9901 | €60,837 | €1,756 | -€59,081 | -97.1% |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €17,796 | €15,599 | -€2,197 | -12.3% |
| Recurring financial charges | 65 | €17,796 | €15,599 | -€2,197 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €43,041 | -€13,843 | -€56,884 | |
| Income taxes | 67/77 | €18,388 | €8,107 | -€10,281 | -55.9% |
| Profit (loss) for the period | 9904 | €24,653 | -€21,950 | -€46,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,653 | -€21,950 | -€46,603 |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.