MICHEL AUDENAERT: 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.
MICHEL AUDENAERT
Largest movements
- Stocks and contracts -€40,257
down €40,257 (-15.0%), from €268,670 to €228,413
- Other debts -€25,808
down €25,808 (-14.1%), from €182,495 to €156,687
- Trade debts -€14,584
down €14,584 (-18.7%), from €77,985 to €63,401
- Purchases and services -€28,666
down €28,666 (-29.0%), from €98,918 to €70,252
- Write-downs +€25,140
up €25,140, from -€240 to €24,900
- Gross operating margin +€22,386
up €22,386, from -€101 to €22,285
- Turnover -€8,382
down €8,382 (-8.6%), from €97,480 to €89,098
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 | €276,797 | €238,956 | -€37,841 | -13.7% |
| Fixed assets | 21/28 | €2,876 | €2,876 | = | 0.0% |
| Financial fixed assets | 28 | €2,876 | €2,876 | = | 0.0% |
| Current assets | 29/58 | €273,921 | €236,080 | -€37,841 | -13.8% |
| Stocks and contracts in progress | 3 | €268,670 | €228,413 | -€40,257 | -15.0% |
| Stocks | 30/36 | €268,670 | €228,413 | -€40,257 | -15.0% |
| Amounts receivable within one year | 40/41 | €3,910 | €5,756 | +€1,846 | +47.2% |
| Trade receivables | 40 | €3,910 | €5,756 | +€1,846 | +47.2% |
| Cash at bank and in hand | 54/58 | €1,341 | €1,911 | +€570 | +42.5% |
| Total equity and liabilities | 10/49 | €276,797 | €238,956 | -€37,841 | -13.7% |
| Equity | 10/15 | €15,931 | €15,931 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€4,529 | -€4,529 | = | 0.0% |
| Amounts payable | 17/49 | €260,866 | €223,025 | -€37,841 | -14.5% |
| Amounts payable within one year | 42/48 | €260,866 | €223,025 | -€37,841 | -14.5% |
| Trade debts | 44 | €77,985 | €63,401 | -€14,584 | -18.7% |
| Suppliers | 440/4 | €77,985 | €63,401 | -€14,584 | -18.7% |
| Taxes, remuneration and social security | 45 | €386 | €2,937 | +€2,551 | +661% |
| Taxes | 450/3 | €386 | €2,937 | +€2,551 | +661% |
| Other amounts payable | 47/48 | €182,495 | €156,687 | -€25,808 | -14.1% |
| Turnover | 70 | €97,480 | €89,098 | -€8,382 | -8.6% |
| Non-recurring operating income | 76A | €1,338 | €3,439 | +€2,101 | +157% |
| Goods, raw materials, services and sundry goods | 60/61 | €98,918 | €70,252 | -€28,666 | -29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€240 | €24,900 | +€25,140 | |
| Other operating charges | 640/8 | €377 | €1,155 | +€778 | +206% |
| Gross operating margin | 9900 | -€101 | €22,285 | +€22,386 | |
| Operating profit (loss) | 9901 | -€238 | -€3,770 | -€3,532 | -1,484% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +2.6% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€277 | -€3,810 | -€3,533 | -1,275% |
| Profit (loss) for the period | 9904 | -€277 | -€3,810 | -€3,533 | -1,275% |
| Profit (loss) for the period to be appropriated | 9905 | -€277 | -€3,810 | -€3,533 | -1,275% |
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 28 October 2026 via checked.be.