PERFECTITION: 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.
PERFECTITION
Largest movements
- Tangible fixed assets -€10,346
down €10,346 (-54.9%), from €18,837 to €8,492
of which Land and buildings: -€8,919
- Cash -€4,784
down €4,784 (-98.3%), from €4,867 to €83
mainly Net result for the year (-€52,002) and Debts after one year (-€26,620)
- Receivables within one year +€1,027
up €1,027 (+89.8%), from €1,144 to €2,170
of which Other amounts receivable: +€2,160
- Other debts +€63,378
up €63,378 (+67.2%), from €94,376 to €157,754
- Profit (loss) carried forward -€52,002
down €52,002 (-16.7%), from -€311,729 to -€363,731
- Debts after one year -€26,620
down €26,620 (-21.5%), from €123,603 to €96,983
- Short-term financial debts +€11,500
new in 2023: €11,500
- Trade debts -€6,655
down €6,655 (-65.6%), from €10,139 to €3,484
- Gross operating margin +€36,906
up €36,906 (+56.0%), from -€65,937 to -€29,031
- Depreciation -€16,081
down €16,081 (-60.9%), from €26,427 to €10,346
- Other operating charges -€7,629
down €7,629 (-82.1%), from €9,290 to €1,661
- Taxes +€2,610
up €2,610 (+1,591%), from €164 to €2,775
- Financial charges -€690
down €690 (-7.8%), from €8,886 to €8,197
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 | €27,088 | €13,101 | -€13,988 | -51.6% |
| Fixed assets | 21/28 | €18,837 | €8,492 | -€10,346 | -54.9% |
| Tangible fixed assets | 22/27 | €18,837 | €8,492 | -€10,346 | -54.9% |
| Land and buildings | 22 | €16,564 | €7,645 | -€8,919 | -53.8% |
| Plant, machinery and equipment | 23 | €298 | €0 | -€298 | -100% |
| Furniture and vehicles | 24 | €1,976 | €847 | -€1,129 | -57.1% |
| Current assets | 29/58 | €8,251 | €4,609 | -€3,642 | -44.1% |
| Amounts receivable within one year | 40/41 | €1,144 | €2,170 | +€1,027 | +89.8% |
| Trade receivables | 40 | €1,144 | €10 | -€1,134 | -99.1% |
| Other amounts receivable | 41 | - | €2,160 | +€2,160 | |
| Cash at bank and in hand | 54/58 | €4,867 | €83 | -€4,784 | -98.3% |
| Deferred charges and accrued income | 490/1 | €2,240 | €2,355 | +€116 | +5.2% |
| Total equity and liabilities | 10/49 | €27,088 | €13,101 | -€13,988 | -51.6% |
| Equity | 10/15 | -€231,739 | -€283,740 | -€52,002 | -22.4% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €43,990 | €43,990 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,600 | €3,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,600 | €3,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,390 | €30,390 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,729 | -€363,731 | -€52,002 | -16.7% |
| Amounts payable | 17/49 | €258,827 | €296,841 | +€38,014 | +14.7% |
| Amounts payable after more than one year | 17 | €123,603 | €96,983 | -€26,620 | -21.5% |
| Financial debts | 170/4 | €123,603 | €96,983 | -€26,620 | -21.5% |
| Amounts payable within one year | 42/48 | €135,224 | €199,858 | +€64,634 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €25,241 | €26,620 | +€1,379 | +5.5% |
| Financial debts | 43 | - | €11,500 | +€11,500 | |
| Credit institutions | 430/8 | - | €11,500 | +€11,500 | |
| Trade debts | 44 | €10,139 | €3,484 | -€6,655 | -65.6% |
| Suppliers | 440/4 | €10,139 | €3,484 | -€6,655 | -65.6% |
| Taxes, remuneration and social security | 45 | €5,468 | €500 | -€4,968 | -90.9% |
| Taxes | 450/3 | €530 | €328 | -€202 | -38.1% |
| Remuneration and social security | 454/9 | €4,937 | €172 | -€4,765 | -96.5% |
| Other amounts payable | 47/48 | €94,376 | €157,754 | +€63,378 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,427 | €10,346 | -€16,081 | -60.9% |
| Other operating charges | 640/8 | €9,290 | €1,661 | -€7,629 | -82.1% |
| Gross operating margin | 9900 | -€65,937 | -€29,031 | +€36,906 | +56.0% |
| Operating profit (loss) | 9901 | -€101,655 | -€41,038 | +€60,617 | +59.6% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €8,886 | €8,197 | -€690 | -7.8% |
| Recurring financial charges | 65 | €8,886 | €8,197 | -€690 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€110,541 | -€49,227 | +€61,314 | +55.5% |
| Income taxes | 67/77 | €164 | €2,775 | +€2,610 | +1,591% |
| Profit (loss) for the period | 9904 | -€110,705 | -€52,002 | +€58,704 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,705 | -€52,002 | +€58,704 | +53.0% |
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 14 October 2026 via checked.be.