Q-02: 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.
Q-02
Largest movements
- Current assets +€118,041
up €118,041 (+271.9%), from €43,420 to €161,460
of which Receivables within one year: +€90,943
- Debts +€77,874
up €77,874 (+274.4%), from €28,379 to €106,254
- Equity +€39,758
up €39,758 (+214.2%), from €18,565 to €58,323
- Gross operating margin +€8,910
up €8,910 (+7.1%), from €125,522 to €134,432
- Depreciation -€2,273
no longer reported in 2015 (was €2,273)
From the 2013 result to the 2015 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2013 | 2015 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,944 | €164,577 | +€117,633 | +250.6% |
| Fixed assets | 21/28 | €3,525 | €3,117 | -€408 | -11.6% |
| Tangible fixed assets | 22/27 | €429 | - | -€429 | |
| Financial fixed assets | 28 | €3,095 | €3,117 | +€21 | +0.7% |
| Current assets | 29/58 | €43,420 | €161,460 | +€118,041 | +271.9% |
| Amounts receivable within one year | 40/41 | €41,753 | €132,695 | +€90,943 | +217.8% |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €745 | €28,763 | +€28,017 | +3758.8% |
| Total equity and liabilities | 10/49 | €46,944 | €164,577 | +€117,633 | +250.6% |
| Equity | 10/15 | €18,565 | €58,323 | +€39,758 | +214.2% |
| Profit (loss) carried forward | 14 | €18,565 | €33,323 | +€14,758 | +79.5% |
| Amounts payable | 17/49 | €28,379 | €106,254 | +€77,874 | +274.4% |
| Amounts payable within one year | 42/48 | €28,379 | €20,907 | -€7,473 | -26.3% |
| Trade debts | 44 | €3,588 | €7,406 | +€3,818 | +106.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,273 | - | -€2,273 | |
| Gross operating margin | 9900 | €125,522 | €134,432 | +€8,910 | +7.1% |
| Operating profit (loss) | 9901 | €19,152 | €31,926 | +€12,775 | +66.7% |
| Recurring financial income | 75 | €80 | €41 | -€39 | -49.0% |
| Recurring financial charges | 65 | €1,132 | €439 | -€692 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €18,100 | €31,528 | +€13,428 | +74.2% |
| Profit (loss) for the period | 9904 | €18,100 | €31,528 | +€13,428 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,100 | €31,528 | +€13,428 | +74.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2013 and 31 December 2015. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.