OUALID BROTHERS: 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.
OUALID BROTHERS
Largest movements
- Cash +€40,172
up €40,172 (+49.8%), from €80,745 to €120,917
mainly Net result for the year (+€35,048) and Tax, wage and social debts (+€4,205)
- Receivables within one year +€5,081
up €5,081 (+180%), from €2,830 to €7,911
of which Other amounts receivable: +€5,151
- Tangible fixed assets -€1,814
down €1,814 (-84.5%), from €2,147 to €333
of which Furniture and vehicles: -€1,604
- Profit (loss) carried forward +€35,048
up €35,048 (+44.5%), from €78,694 to €113,742
- Tax, wage and social debts +€4,205
up €4,205 (+61.9%), from €6,797 to €11,002
of which Remuneration and social security: +€7,184
- Trade debts +€3,767
up €3,767 (+151%), from €2,502 to €6,269
- Gross operating margin +€35,355
up €35,355 (+43.3%), from €81,740 to €117,095
- Staff costs +€9,860
up €9,860 (+14.6%), from €67,660 to €77,521
- Taxes -€3,860
down €3,860, from €2,900 to -€959
- Financial income -€2,013
down €2,013 (-100.0%), from €2,013 to €0
of which Non-recurring financial income: -€2,000
- Depreciation -€1,802
down €1,802 (-49.8%), from €3,616 to €1,814
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 | €99,053 | €142,072 | +€43,020 | +43.4% |
| Fixed assets | 21/28 | €9,717 | €7,698 | -€2,018 | -20.8% |
| Tangible fixed assets | 22/27 | €2,147 | €333 | -€1,814 | -84.5% |
| Plant, machinery and equipment | 23 | €543 | €333 | -€210 | -38.7% |
| Furniture and vehicles | 24 | €1,604 | - | -€1,604 | |
| Financial fixed assets | 28 | €7,570 | €7,366 | -€204 | -2.7% |
| Current assets | 29/58 | €89,336 | €134,374 | +€45,038 | +50.4% |
| Stocks and contracts in progress | 3 | €5,110 | €4,895 | -€215 | -4.2% |
| Stocks | 30/36 | €5,110 | €4,895 | -€215 | -4.2% |
| Amounts receivable within one year | 40/41 | €2,830 | €7,911 | +€5,081 | +180% |
| Trade receivables | 40 | €71 | - | -€71 | |
| Other amounts receivable | 41 | €2,759 | €7,911 | +€5,151 | +187% |
| Cash at bank and in hand | 54/58 | €80,745 | €120,917 | +€40,172 | +49.8% |
| Deferred charges and accrued income | 490/1 | €652 | €652 | = | 0.0% |
| Total equity and liabilities | 10/49 | €99,053 | €142,072 | +€43,020 | +43.4% |
| Equity | 10/15 | €86,754 | €121,802 | +€35,048 | +40.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| 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 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,694 | €113,742 | +€35,048 | +44.5% |
| Amounts payable | 17/49 | €12,299 | €20,271 | +€7,972 | +64.8% |
| Amounts payable within one year | 42/48 | €12,299 | €20,271 | +€7,972 | +64.8% |
| Trade debts | 44 | €2,502 | €6,269 | +€3,767 | +151% |
| Suppliers | 440/4 | €2,502 | €6,269 | +€3,767 | +151% |
| Taxes, remuneration and social security | 45 | €6,797 | €11,002 | +€4,205 | +61.9% |
| Taxes | 450/3 | €3,896 | €917 | -€2,979 | -76.5% |
| Remuneration and social security | 454/9 | €2,901 | €10,085 | +€7,184 | +248% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Non-recurring operating income | 76A | €319 | - | -€319 | |
| Remuneration, social security and pensions | 62 | €67,660 | €77,521 | +€9,860 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,616 | €1,814 | -€1,802 | -49.8% |
| Other operating charges | 640/8 | €3,440 | €2,707 | -€733 | -21.3% |
| Gross operating margin | 9900 | €81,740 | €117,095 | +€35,355 | +43.3% |
| Operating profit (loss) | 9901 | €7,023 | €35,053 | +€28,029 | +399% |
| Financial income | 75/76B | €2,013 | €0 | -€2,013 | -100.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.5% |
| Non-recurring financial income | 76B | €2,000 | - | -€2,000 | |
| Financial charges | 65/66B | €1,049 | €964 | -€85 | -8.1% |
| Recurring financial charges | 65 | €1,049 | €964 | -€85 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €7,987 | €34,089 | +€26,102 | +327% |
| Income taxes | 67/77 | €2,900 | -€959 | -€3,860 | |
| Profit (loss) for the period | 9904 | €5,087 | €35,048 | +€29,961 | +589% |
| Profit (loss) for the period to be appropriated | 9905 | €5,087 | €35,048 | +€29,961 | +589% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.