PACE Team: what changed
PACE Team
Largest movements
- Receivables after one year -€50,000
down €50,000 (-25.0%), from €200,000 to €150,000
- Intangible fixed assets +€20,541
up €20,541 (+18.4%), from €111,845 to €132,386
- Cash +€17,156
up €17,156 (+74.6%), from €23,003 to €40,160
mainly Receivables after one year (+€50,000) and Depreciation (+€20,461)
- Receivables within one year +€3,857
up €3,857 (+18.0%), from €21,469 to €25,325
of which Trade receivables: +€5,683
- Trade debts +€12,937
up €12,937 (+238%), from €5,447 to €18,384
- Current portion of long-term debt -€11,667
no longer reported in 2023 (was €11,667)
- Profit (loss) carried forward -€4,213
down €4,213 (-1.8%), from -€230,276 to -€234,489
- Gross operating margin +€60,004
up €60,004, from -€40,957 to €19,047
- Purchases and services -€33,354
down €33,354 (-54.3%), from €61,432 to €28,078
- Turnover +€26,650
up €26,650 (+130%), from €20,475 to €47,125
- Depreciation -€9,599
down €9,599 (-31.9%), from €30,060 to €20,461
- Financial income -€2,918
no longer reported in 2023 (was €2,918)
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,959 | €351,513 | -€8,446 | -2.3% |
| Fixed assets | 21/28 | €115,487 | €136,029 | +€20,541 | +17.8% |
| Intangible fixed assets | 21 | €111,845 | €132,386 | +€20,541 | +18.4% |
| Financial fixed assets | 28 | €3,642 | €3,642 | = | 0.0% |
| Current assets | 29/58 | €244,472 | €215,485 | -€28,987 | -11.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Trade receivables | 290 | €200,000 | €150,000 | -€50,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €21,469 | €25,325 | +€3,857 | +18.0% |
| Trade receivables | 40 | €19,130 | €24,813 | +€5,683 | +29.7% |
| Other amounts receivable | 41 | €2,339 | €513 | -€1,826 | -78.1% |
| Cash at bank and in hand | 54/58 | €23,003 | €40,160 | +€17,156 | +74.6% |
| Total equity and liabilities | 10/49 | €359,959 | €351,513 | -€8,446 | -2.3% |
| Equity | 10/15 | €216,716 | €212,504 | -€4,213 | -1.9% |
| Contributions | 10/11 | €361,752 | €361,752 | = | 0.0% |
| Capital | 10 | €361,752 | €361,752 | = | 0.0% |
| Issued capital | 100 | €361,752 | €361,752 | = | 0.0% |
| Revaluation surpluses | 12 | €85,241 | €85,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,276 | -€234,489 | -€4,213 | -1.8% |
| Amounts payable | 17/49 | €143,243 | €139,010 | -€4,233 | -3.0% |
| Amounts payable within one year | 42/48 | €143,243 | €139,010 | -€4,233 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €11,667 | - | -€11,667 | |
| Financial debts | 43 | €10,000 | €8,000 | -€2,000 | -20.0% |
| Credit institutions | 430/8 | €10,000 | €8,000 | -€2,000 | -20.0% |
| Trade debts | 44 | €5,447 | €18,384 | +€12,937 | +238% |
| Suppliers | 440/4 | €5,447 | €18,384 | +€12,937 | +238% |
| Advances received on contracts in progress | 46 | €1 | €1 | = | 0.0% |
| Other amounts payable | 47/48 | €116,129 | €112,625 | -€3,503 | -3.0% |
| Turnover | 70 | €20,475 | €47,125 | +€26,650 | +130% |
| Goods, raw materials, services and sundry goods | 60/61 | €61,432 | €28,078 | -€33,354 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,060 | €20,461 | -€9,599 | -31.9% |
| Other operating charges | 640/8 | €223 | €454 | +€231 | +104% |
| Gross operating margin | 9900 | -€40,957 | €19,047 | +€60,004 | |
| Operating profit (loss) | 9901 | -€71,240 | -€1,868 | +€69,372 | +97.4% |
| Financial income | 75/76B | €2,918 | - | -€2,918 | |
| Recurring financial income | 75 | €2,918 | - | -€2,918 | |
| Financial charges | 65/66B | €4,448 | €2,345 | -€2,103 | -47.3% |
| Recurring financial charges | 65 | €4,448 | €2,345 | -€2,103 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | -€72,770 | -€4,213 | +€68,557 | +94.2% |
| Profit (loss) for the period | 9904 | -€72,770 | -€4,213 | +€68,557 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,770 | -€4,213 | +€68,557 | +94.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.