Paint Master: what changed
Two fiscal 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.
Paint Master
Largest movements
- Receivables after one year +€30,000
new in 2022: €30,000
- Receivables within one year -€26,534
down €26,534 (-64.0%), from €41,464 to €14,930
of which Other amounts receivable: -€32,245
- Deferred charges and accrued income -€4,000
no longer reported in 2022 (was €4,000)
- Tangible fixed assets -€3,884
down €3,884 (-5.0%), from €77,594 to €73,710
of which Leasing and similar rights: -€13,878
- Cash -€3,850
down €3,850 (-44.3%), from €8,688 to €4,838
mainly Receivables after one year (-€30,000) and Debts after one year (-€14,759)
- Debts after one year -€14,759
down €14,759 (-17.5%), from €84,204 to €69,445
- Reserves +€13,165
new in 2022: €13,165
- Profit (loss) carried forward -€7,767
no longer reported in 2022 (was €7,767)
- Tax, wage and social debts +€3,872
up €3,872 (+217.8%), from €1,778 to €5,649
- Trade debts -€2,872
down €2,872 (-20.2%), from €14,204 to €11,333
- Depreciation +€13,508
up €13,508 (+285.7%), from €4,728 to €18,237
- Gross operating margin +€8,219
up €8,219 (+32.9%), from €24,947 to €33,166
- Staff costs -€522
down €522 (-18.2%), from €2,862 to €2,340
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.
Cash bridge derived
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 | €131,746 | €123,478 | -€8,268 | -6.3% |
| Fixed assets | 21/28 | €77,594 | €73,710 | -€3,884 | -5.0% |
| Tangible fixed assets | 22/27 | €77,594 | €73,710 | -€3,884 | -5.0% |
| Plant, machinery and equipment | 23 | €3,305 | €3,822 | +€517 | +15.6% |
| Furniture and vehicles | 24 | €7,213 | €16,689 | +€9,477 | +131.4% |
| Leasing and similar rights | 25 | €67,076 | €53,198 | -€13,878 | -20.7% |
| Current assets | 29/58 | €54,152 | €49,768 | -€4,384 | -8.1% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €41,464 | €14,930 | -€26,534 | -64.0% |
| Trade receivables | 40 | - | €5,711 | +€5,711 | |
| Other amounts receivable | 41 | €41,464 | €9,219 | -€32,245 | -77.8% |
| Cash at bank and in hand | 54/58 | €8,688 | €4,838 | -€3,850 | -44.3% |
| Deferred charges and accrued income | 490/1 | €4,000 | - | -€4,000 | |
| Total equity and liabilities | 10/49 | €131,746 | €123,478 | -€8,268 | -6.3% |
| Equity | 10/15 | €8,767 | €14,165 | +€5,398 | +61.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €13,165 | +€13,165 | |
| Distributable reserves | 133 | - | €13,165 | +€13,165 | |
| Profit (loss) carried forward | 14 | €7,767 | - | -€7,767 | |
| Amounts payable | 17/49 | €122,978 | €109,313 | -€13,666 | -11.1% |
| Amounts payable after more than one year | 17 | €84,204 | €69,445 | -€14,759 | -17.5% |
| Financial debts | 170/4 | €84,204 | €69,445 | -€14,759 | -17.5% |
| Amounts payable within one year | 42/48 | €38,775 | €39,867 | +€1,093 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €22,793 | €21,875 | -€917 | -4.0% |
| Trade debts | 44 | €14,204 | €11,333 | -€2,872 | -20.2% |
| Suppliers | 440/4 | €14,204 | €11,333 | -€2,872 | -20.2% |
| Taxes, remuneration and social security | 45 | €1,778 | €5,649 | +€3,872 | +217.8% |
| Taxes | 450/3 | €1,778 | €5,649 | +€3,872 | +217.8% |
| Other amounts payable | 47/48 | - | €1,010 | +€1,010 | |
| Remuneration, social security and pensions | 62 | €2,862 | €2,340 | -€522 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,728 | €18,237 | +€13,508 | +285.7% |
| Other operating charges | 640/8 | €1,384 | €1,117 | -€268 | -19.3% |
| Non-recurring operating charges | 66A | €2,270 | - | -€2,270 | |
| Gross operating margin | 9900 | €24,947 | €33,166 | +€8,219 | +32.9% |
| Operating profit (loss) | 9901 | €13,702 | €11,472 | -€2,230 | -16.3% |
| Financial income | 75/76B | €62 | €42 | -€20 | -32.8% |
| Recurring financial income | 75 | €62 | €42 | -€20 | -32.8% |
| Financial charges | 65/66B | €3,721 | €3,600 | -€122 | -3.3% |
| Recurring financial charges | 65 | €3,721 | €3,600 | -€122 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €10,043 | €7,914 | -€2,128 | -21.2% |
| Income taxes | 67/77 | €2,275 | €2,264 | -€11 | -0.5% |
| Profit (loss) for the period | 9904 | €7,767 | €5,650 | -€2,117 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,767 | €5,650 | -€2,117 | -27.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.