N&S: 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.
N&S
Largest movements
- Current assets -€74,587
down €74,587 (-94.4%), from €79,008 to €4,421
- Tangible fixed assets -€992
down €992 (-75.0%), from €1,322 to €331
- Debts within one year -€56,903
down €56,903 (-51.6%), from €110,299 to €53,396
- Profit (loss) carried forward -€18,676
down €18,676 (-44.1%), from -€42,368 to -€61,044
- Gross operating margin +€1,963
up €1,963 (+73.7%), from -€2,663 to -€700
- Purchases and services +€700
new in 2023: €700
- Depreciation +€468
up €468 (+142%), from €331 to €799
- Other operating charges +€384
new in 2023: €384
- Financial charges +€125
new in 2023: €125
From the 2020 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,331 | €4,752 | -€75,579 | -94.1% |
| Fixed assets | 21/28 | €1,322 | €331 | -€992 | -75.0% |
| Tangible fixed assets | 22/27 | €1,322 | €331 | -€992 | -75.0% |
| Furniture and vehicles | 24 | - | €331 | +€331 | |
| Current assets | 29/58 | €79,008 | €4,421 | -€74,587 | -94.4% |
| Stocks and contracts in progress | 3 | €4,798 | - | -€4,798 | |
| Amounts receivable within one year | 40/41 | €7,542 | €4,170 | -€3,372 | -44.7% |
| Other amounts receivable | 41 | - | €4,170 | +€4,170 | |
| Cash at bank and in hand | 54/58 | €419 | €252 | -€168 | -39.9% |
| Total equity and liabilities | 10/49 | €80,331 | €4,752 | -€75,579 | -94.1% |
| Equity | 10/15 | -€29,968 | -€48,644 | -€18,676 | -62.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €12,400 | +€12,400 | |
| Profit (loss) carried forward | 14 | -€42,368 | -€61,044 | -€18,676 | -44.1% |
| Amounts payable | 17/49 | €110,299 | €53,396 | -€56,903 | -51.6% |
| Amounts payable within one year | 42/48 | €110,299 | €53,396 | -€56,903 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,400 | +€10,400 | |
| Trade debts | 44 | €4,015 | €1,312 | -€2,703 | -67.3% |
| Suppliers | 440/4 | - | €1,312 | +€1,312 | |
| Other amounts payable | 47/48 | - | €41,684 | +€41,684 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €331 | €799 | +€468 | +142% |
| Other operating charges | 640/8 | - | €384 | +€384 | |
| Gross operating margin | 9900 | -€2,663 | -€700 | +€1,963 | +73.7% |
| Operating profit (loss) | 9901 | -€4,629 | -€1,883 | +€2,745 | +59.3% |
| Financial charges | 65/66B | - | €125 | +€125 | |
| Recurring financial charges | 65 | €44 | €125 | +€81 | +183% |
| Profit (loss) for the period before taxes | 9903 | -€11,085 | -€2,008 | +€9,077 | +81.9% |
| Profit (loss) for the period | 9904 | -€11,085 | -€2,008 | +€9,077 | +81.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,085 | -€2,008 | +€9,077 | +81.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.