PATRICK GREEVE: 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.
PATRICK GREEVE
Largest movements
- Cash -€33,642
down €33,642 (-10.6%), from €318,291 to €284,649
mainly Accrued charges and deferred income (-€91,908) and Other debts (-€35,069)
- Deferred charges and accrued income +€28,237
up €28,237 (+243.0%), from €11,621 to €39,858
- Tangible fixed assets -€23,390
down €23,390 (-27.9%), from €83,838 to €60,447
of which Land and buildings: -€21,783
- Receivables within one year -€20,204
down €20,204 (-2.8%), from €713,420 to €693,215
of which Trade receivables: -€89,898
- Accrued charges and deferred income -€91,908
no longer reported in 2022 (was €91,908)
- Reserves +€73,893
up €73,893 (+33.6%), from €219,635 to €293,527
of which Distributable reserves: +€73,893
- Other debts -€35,069
down €35,069 (-5.3%), from €664,901 to €629,833
- Tax, wage and social debts +€29,219
up €29,219 (+118.5%), from €24,660 to €53,878
of which Taxes: +€33,538
- Debts after one year -€27,809
down €27,809 (-42.3%), from €65,760 to €37,951
- Gross operating margin +€146,197
up €146,197 (+145.0%), from €100,841 to €247,038
- Write-downs +€80,080
no longer reported in 2022 (was -€80,080)
- Taxes +€29,626
up €29,626 (+289.9%), from €10,220 to €39,847
- Staff costs -€15,966
down €15,966 (-10.9%), from €146,025 to €130,059
- Financial income +€3,362
up €3,362 (+12.6%), from €26,707 to €30,069
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 | €1,127,169 | €1,078,169 | -€49,000 | -4.3% |
| Fixed assets | 21/28 | €83,838 | €60,447 | -€23,390 | -27.9% |
| Tangible fixed assets | 22/27 | €83,838 | €60,447 | -€23,390 | -27.9% |
| Land and buildings | 22 | €59,902 | €38,120 | -€21,783 | -36.4% |
| Furniture and vehicles | 24 | €23,936 | €22,328 | -€1,608 | -6.7% |
| Current assets | 29/58 | €1,043,331 | €1,017,722 | -€25,609 | -2.5% |
| Amounts receivable within one year | 40/41 | €713,420 | €693,215 | -€20,204 | -2.8% |
| Trade receivables | 40 | €336,744 | €246,845 | -€89,898 | -26.7% |
| Other amounts receivable | 41 | €376,676 | €446,370 | +€69,694 | +18.5% |
| Cash at bank and in hand | 54/58 | €318,291 | €284,649 | -€33,642 | -10.6% |
| Deferred charges and accrued income | 490/1 | €11,621 | €39,858 | +€28,237 | +243.0% |
| Total equity and liabilities | 10/49 | €1,127,169 | €1,078,169 | -€49,000 | -4.3% |
| Equity | 10/15 | €219,619 | €293,512 | +€73,893 | +33.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €219,635 | €293,527 | +€73,893 | +33.6% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €219,015 | €292,908 | +€73,893 | +33.7% |
| Profit (loss) carried forward | 14 | -€6,213 | -€6,213 | = | 0.0% |
| Amounts payable | 17/49 | €907,550 | €784,658 | -€122,893 | -13.5% |
| Amounts payable after more than one year | 17 | €65,760 | €37,951 | -€27,809 | -42.3% |
| Financial debts | 170/4 | €65,760 | €37,951 | -€27,809 | -42.3% |
| Amounts payable within one year | 42/48 | €749,882 | €746,707 | -€3,175 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €27,260 | €27,809 | +€549 | +2.0% |
| Trade debts | 44 | €33,061 | €35,187 | +€2,126 | +6.4% |
| Suppliers | 440/4 | €33,061 | €35,187 | +€2,126 | +6.4% |
| Taxes, remuneration and social security | 45 | €24,660 | €53,878 | +€29,219 | +118.5% |
| Taxes | 450/3 | €10,941 | €44,479 | +€33,538 | +306.5% |
| Remuneration and social security | 454/9 | €13,719 | €9,399 | -€4,320 | -31.5% |
| Other amounts payable | 47/48 | €664,901 | €629,833 | -€35,069 | -5.3% |
| Accrued charges and deferred income | 492/3 | €91,908 | - | -€91,908 | |
| Non-recurring operating income | 76A | €2,154 | - | -€2,154 | |
| Remuneration, social security and pensions | 62 | €146,025 | €130,059 | -€15,966 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,017 | €27,027 | +€1,010 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€80,080 | - | +€80,080 | |
| Other operating charges | 640/8 | €3,708 | €3,398 | -€311 | -8.4% |
| Gross operating margin | 9900 | €100,841 | €247,038 | +€146,197 | +145.0% |
| Operating profit (loss) | 9901 | €5,171 | €86,555 | +€81,384 | +1573.9% |
| Financial income | 75/76B | €26,707 | €30,069 | +€3,362 | +12.6% |
| Recurring financial income | 75 | €26,707 | €30,069 | +€3,362 | +12.6% |
| Financial charges | 65/66B | €4,512 | €2,884 | -€1,628 | -36.1% |
| Recurring financial charges | 65 | €4,512 | €2,884 | -€1,628 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €27,366 | €113,740 | +€86,374 | +315.6% |
| Income taxes | 67/77 | €10,220 | €39,847 | +€29,626 | +289.9% |
| Profit (loss) for the period | 9904 | €17,145 | €73,893 | +€56,747 | +331.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,145 | €73,893 | +€56,747 | +331.0% |
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 8 October 2026 via checked.be.