NRX Connect: 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.
NRX Connect
Largest movements
- Tangible fixed assets +€16,103
up €16,103 (+123%), from €13,125 to €29,228
of which Furniture and vehicles: +€14,896
- Cash +€1,762
up €1,762 (+44,050%), from €4 to €1,766
mainly Other debts (+€19,578) and Depreciation (+€10,104)
- Receivables within one year -€1,243
down €1,243 (-11.5%), from €10,771 to €9,528
of which Other amounts receivable: -€9,597
- Other debts +€19,578
new in 2022: €19,578
- Current portion of long-term debt -€10,070
down €10,070 (-45.8%), from €22,000 to €11,930
- Profit (loss) carried forward +€5,026
up €5,026 (+99.2%), from -€5,069 to -€43
- Trade debts +€1,395
up €1,395 (+144%), from €969 to €2,364
- Tax, wage and social debts +€693
new in 2022: €693
- Gross operating margin +€11,675
up €11,675 (+191%), from €6,114 to €17,789
- Depreciation +€5,729
up €5,729 (+131%), from €4,375 to €10,104
- Other operating charges +€1,809
new in 2022: €1,809
- Financial charges +€684
up €684 (+412%), from €166 to €850
of which Financial charges: +€684
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 | €23,900 | €40,522 | +€16,622 | +69.5% |
| Fixed assets | 21/28 | €13,125 | €29,228 | +€16,103 | +123% |
| Tangible fixed assets | 22/27 | €13,125 | €29,228 | +€16,103 | +123% |
| Furniture and vehicles | 24 | €13,125 | €28,021 | +€14,896 | +113% |
| Other tangible fixed assets | 26 | - | €1,207 | +€1,207 | |
| Current assets | 29/58 | €10,775 | €11,294 | +€519 | +4.8% |
| Amounts receivable within one year | 40/41 | €10,771 | €9,528 | -€1,243 | -11.5% |
| Trade receivables | 40 | €619 | €8,973 | +€8,354 | +1,350% |
| Other amounts receivable | 41 | €10,152 | €555 | -€9,597 | -94.5% |
| Cash at bank and in hand | 54/58 | €4 | €1,766 | +€1,762 | +44,050% |
| Total equity and liabilities | 10/49 | €23,900 | €40,522 | +€16,622 | +69.5% |
| Equity | 10/15 | €931 | €5,957 | +€5,026 | +540% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,069 | -€43 | +€5,026 | +99.2% |
| Amounts payable | 17/49 | €22,969 | €34,565 | +€11,596 | +50.5% |
| Amounts payable within one year | 42/48 | €22,969 | €34,565 | +€11,596 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €22,000 | €11,930 | -€10,070 | -45.8% |
| Trade debts | 44 | €969 | €2,364 | +€1,395 | +144% |
| Suppliers | 440/4 | €969 | €2,364 | +€1,395 | +144% |
| Taxes, remuneration and social security | 45 | - | €693 | +€693 | |
| Taxes | 450/3 | - | €693 | +€693 | |
| Other amounts payable | 47/48 | - | €19,578 | +€19,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,375 | €10,104 | +€5,729 | +131% |
| Other operating charges | 640/8 | - | €1,809 | +€1,809 | |
| Gross operating margin | 9900 | €6,114 | €17,789 | +€11,675 | +191% |
| Operating profit (loss) | 9901 | €1,739 | €5,876 | +€4,137 | +238% |
| Financial charges | 65/66B | €166 | €850 | +€684 | +412% |
| Recurring financial charges | 65 | €166 | €850 | +€684 | +412% |
| Non-recurring financial charges | 66B | €166 | €850 | +€684 | +412% |
| Profit (loss) for the period before taxes | 9903 | €1,573 | €5,026 | +€3,453 | +220% |
| Profit (loss) for the period | 9904 | €1,573 | €5,026 | +€3,453 | +220% |
| Profit (loss) for the period to be appropriated | 9905 | €1,573 | €5,026 | +€3,453 | +220% |
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 18 October 2026 via checked.be.