P. VANHAUTE: 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.
P. VANHAUTE
Largest movements
- Receivables within one year +€55,401
up €55,401 (+66.1%), from €83,812 to €139,213
of which Other amounts receivable: +€62,015
- Cash -€13,856
down €13,856 (-55.3%), from €25,039 to €11,183
mainly Provisions (-€116,561) and Other debts (-€78,837)
- Profit (loss) carried forward +€187,365
up €187,365 (+6.9%), from -€2.7m to -€2.5m
- Provisions -€116,561
no longer reported in 2023 (was €116,561)
- Other debts -€78,837
no longer reported in 2023 (was €78,837)
- Trade debts +€43,511
up €43,511 (+123.9%), from €35,125 to €78,636
- Tax, wage and social debts +€7,212
new in 2023: €7,212
- Financial charges -€119,738
down €119,738, from €816 to -€118,922
- Provisions -€116,561
new in 2023: -€116,561
- Gross operating margin -€39,517
down €39,517, from €12,130 to -€27,387
- Other operating charges +€14,091
up €14,091 (+831.4%), from €1,695 to €15,786
- Taxes +€6,394
new in 2023: €6,394
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.
Cash bridge derived
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 | €122,940 | €165,630 | +€42,690 | +34.7% |
| Fixed assets | 21/28 | €10,354 | €10,147 | -€208 | -2.0% |
| Intangible fixed assets | 21 | €208 | - | -€208 | |
| Tangible fixed assets | 22/27 | €10,147 | €10,147 | = | 0.0% |
| Furniture and vehicles | 24 | €10,147 | €10,147 | = | 0.0% |
| Current assets | 29/58 | €112,585 | €155,483 | +€42,898 | +38.1% |
| Amounts receivable within one year | 40/41 | €83,812 | €139,213 | +€55,401 | +66.1% |
| Trade receivables | 40 | €80,161 | €73,547 | -€6,614 | -8.3% |
| Other amounts receivable | 41 | €3,651 | €65,666 | +€62,015 | +1698.6% |
| Cash at bank and in hand | 54/58 | €25,039 | €11,183 | -€13,856 | -55.3% |
| Deferred charges and accrued income | 490/1 | €3,734 | €5,087 | +€1,353 | +36.2% |
| Total equity and liabilities | 10/49 | €122,940 | €165,630 | +€42,690 | +34.7% |
| Equity | 10/15 | -€180,084 | €7,281 | +€187,365 | |
| Contributions | 10/11 | €2,518,600 | €2,518,600 | = | 0.0% |
| Reserves | 13 | €26,250 | €26,250 | = | 0.0% |
| Distributable reserves | 133 | €26,250 | €26,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,724,934 | -€2,537,569 | +€187,365 | +6.9% |
| Provisions and deferred taxes | 16 | €116,561 | - | -€116,561 | |
| Provisions for liabilities and charges | 160/5 | €116,561 | - | -€116,561 | |
| Environmental obligations | 163 | €116,561 | - | -€116,561 | |
| Amounts payable | 17/49 | €186,462 | €158,349 | -€28,114 | -15.1% |
| Amounts payable after more than one year | 17 | €72,500 | €72,500 | = | 0.0% |
| Financial debts | 170/4 | €72,500 | €72,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,962 | €85,849 | -€28,114 | -24.7% |
| Trade debts | 44 | €35,125 | €78,636 | +€43,511 | +123.9% |
| Suppliers | 440/4 | €35,125 | €78,636 | +€43,511 | +123.9% |
| Taxes, remuneration and social security | 45 | - | €7,212 | +€7,212 | |
| Taxes | 450/3 | - | €7,212 | +€7,212 | |
| Other amounts payable | 47/48 | €78,837 | - | -€78,837 | |
| Non-recurring operating income | 76A | €74 | - | -€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | €208 | -€208 | -50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,070 | - | -€4,070 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€116,561 | -€116,561 | |
| Other operating charges | 640/8 | €1,695 | €15,786 | +€14,091 | +831.4% |
| Gross operating margin | 9900 | €12,130 | -€27,387 | -€39,517 | |
| Operating profit (loss) | 9901 | €5,950 | €73,181 | +€67,231 | +1130.0% |
| Financial income | 75/76B | €17 | €1,655 | +€1,638 | +9845.6% |
| Recurring financial income | 75 | €17 | €1,655 | +€1,638 | +9845.6% |
| Financial charges | 65/66B | €816 | -€118,922 | -€119,738 | |
| Recurring financial charges | 65 | €816 | -€118,922 | -€119,738 | |
| Profit (loss) for the period before taxes | 9903 | €5,150 | €193,758 | +€188,608 | +3662.0% |
| Income taxes | 67/77 | - | €6,394 | +€6,394 | |
| Profit (loss) for the period | 9904 | €5,150 | €187,365 | +€182,214 | +3537.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,150 | €187,365 | +€182,214 | +3537.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.