PATRICK VANBECELAERE: 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.
PATRICK VANBECELAERE
Largest movements
- Current investments +€92,312
up €92,312 (+91.7%), from €100,715 to €193,027
- Cash -€51,007
down €51,007 (-76.0%), from €67,120 to €16,112
mainly Current investments (-€92,312) and Contributions, distributions and other (-€15,848)
- Tangible fixed assets -€10,688
down €10,688 (-5.1%), from €208,345 to €197,657
of which Land and buildings: -€7,252
- Receivables within one year +€7,510
up €7,510 (+7.7%), from €97,077 to €104,587
- Reserves +€30,803
up €30,803 (+17.6%), from €174,554 to €205,357
of which Distributable reserves: +€43,141
- Other debts +€16,559
up €16,559 (+26.2%), from €63,309 to €79,868
- Debts after one year -€13,776
down €13,776 (-21.4%), from €64,467 to €50,691
- Financial charges -€6,572
down €6,572 (-84.5%), from €7,782 to €1,210
- Gross operating margin +€5,684
up €5,684 (+4.3%), from €131,932 to €137,616
- Staff costs +€2,936
up €2,936 (+5.2%), from €56,660 to €59,596
- Taxes +€2,000
up €2,000 (+11.9%), from €16,761 to €18,761
- Financial income -€1,523
down €1,523 (-37.1%), from €4,101 to €2,578
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 | €480,219 | €521,214 | +€40,994 | +8.5% |
| Fixed assets | 21/28 | €211,806 | €203,996 | -€7,810 | -3.7% |
| Intangible fixed assets | 21 | €3,461 | €6,340 | +€2,878 | +83.2% |
| Tangible fixed assets | 22/27 | €208,345 | €197,657 | -€10,688 | -5.1% |
| Land and buildings | 22 | €189,930 | €182,678 | -€7,252 | -3.8% |
| Furniture and vehicles | 24 | €18,415 | €14,978 | -€3,436 | -18.7% |
| Current assets | 29/58 | €268,413 | €317,217 | +€48,804 | +18.2% |
| Amounts receivable within one year | 40/41 | €97,077 | €104,587 | +€7,510 | +7.7% |
| Trade receivables | 40 | €97,077 | €104,587 | +€7,510 | +7.7% |
| Current investments | 50/53 | €100,715 | €193,027 | +€92,312 | +91.7% |
| Cash at bank and in hand | 54/58 | €67,120 | €16,112 | -€51,007 | -76.0% |
| Deferred charges and accrued income | 490/1 | €3,502 | €3,491 | -€11 | -0.3% |
| Total equity and liabilities | 10/49 | €480,219 | €521,214 | +€40,994 | +8.5% |
| Equity | 10/15 | €297,940 | €328,742 | +€30,803 | +10.3% |
| Contributions | 10/11 | €123,385 | €123,385 | = | 0.0% |
| Reserves | 13 | €174,554 | €205,357 | +€30,803 | +17.6% |
| Non-distributable reserves | 130/1 | €12,339 | €0 | -€12,339 | -100% |
| Reserves not available under the articles | 1311 | €12,339 | €0 | -€12,339 | -100% |
| Distributable reserves | 133 | €162,216 | €205,357 | +€43,141 | +26.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €182,280 | €192,471 | +€10,191 | +5.6% |
| Amounts payable after more than one year | 17 | €64,467 | €50,691 | -€13,776 | -21.4% |
| Financial debts | 170/4 | €64,467 | €50,691 | -€13,776 | -21.4% |
| Amounts payable within one year | 42/48 | €116,330 | €138,959 | +€22,630 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €13,645 | €13,776 | +€131 | +1.0% |
| Trade debts | 44 | €5,996 | €10,655 | +€4,659 | +77.7% |
| Suppliers | 440/4 | €5,996 | €10,655 | +€4,659 | +77.7% |
| Taxes, remuneration and social security | 45 | €33,380 | €34,660 | +€1,280 | +3.8% |
| Taxes | 450/3 | €21,667 | €21,672 | +€5 | 0.0% |
| Remuneration and social security | 454/9 | €11,713 | €12,988 | +€1,275 | +10.9% |
| Other amounts payable | 47/48 | €63,309 | €79,868 | +€16,559 | +26.2% |
| Accrued charges and deferred income | 492/3 | €1,483 | €2,821 | +€1,338 | +90.2% |
| Remuneration, social security and pensions | 62 | €56,660 | €59,596 | +€2,936 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,580 | €11,455 | -€1,126 | -8.9% |
| Other operating charges | 640/8 | €2,051 | €2,264 | +€212 | +10.4% |
| Non-recurring operating charges | 66A | €1,943 | €258 | -€1,685 | -86.7% |
| Gross operating margin | 9900 | €131,932 | €137,616 | +€5,684 | +4.3% |
| Operating profit (loss) | 9901 | €58,698 | €64,044 | +€5,346 | +9.1% |
| Financial income | 75/76B | €4,101 | €2,578 | -€1,523 | -37.1% |
| Recurring financial income | 75 | €4,101 | €2,578 | -€1,523 | -37.1% |
| Financial charges | 65/66B | €7,782 | €1,210 | -€6,572 | -84.5% |
| Recurring financial charges | 65 | €7,782 | €1,210 | -€6,572 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | €55,018 | €65,412 | +€10,394 | +18.9% |
| Income taxes | 67/77 | €16,761 | €18,761 | +€2,000 | +11.9% |
| Profit (loss) for the period | 9904 | €38,256 | €46,651 | +€8,395 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,256 | €46,651 | +€8,395 | +21.9% |
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 13 October 2026 via checked.be.