Quality: 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.
Quality
Largest movements
- Tangible fixed assets +€61,843
up €61,843 (+291.8%), from €21,192 to €83,035
of which Furniture and vehicles: +€60,696
- Receivables within one year +€20,724
up €20,724 (+75.1%), from €27,580 to €48,303
of which Other amounts receivable: +€24,821
- Cash +€15,048
up €15,048 (+126.9%), from €11,862 to €26,911
mainly Current portion of long-term debt (+€65,769) and Net result for the year (+€34,226)
- Current portion of long-term debt +€65,769
new in 2023: €65,769
- Tax, wage and social debts +€21,344
up €21,344 (+88.3%), from €24,171 to €45,514
of which Taxes: +€15,941
- Profit (loss) carried forward +€12,226
up €12,226 (+59.2%), from €20,657 to €32,883
- Trade debts -€1,724
down €1,724 (-29.7%), from €5,806 to €4,082
- Gross operating margin +€113,290
up €113,290 (+93.2%), from €121,560 to €234,851
- Staff costs +€79,454
up €79,454 (+91.6%), from €86,709 to €166,162
- Purchases and services -€77,374
down €77,374 (-46.6%), from €166,054 to €88,679
- Turnover +€35,916
up €35,916 (+12.5%), from €287,614 to €323,530
- Taxes +€19,376
up €19,376 (+333.3%), from €5,813 to €25,189
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.
Cash bridge derived
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 | €60,634 | €158,249 | +€97,615 | +161.0% |
| Fixed assets | 21/28 | €21,192 | €83,035 | +€61,843 | +291.8% |
| Tangible fixed assets | 22/27 | €21,192 | €83,035 | +€61,843 | +291.8% |
| Plant, machinery and equipment | 23 | €3,397 | €4,543 | +€1,147 | +33.8% |
| Furniture and vehicles | 24 | €17,795 | €78,491 | +€60,696 | +341.1% |
| Current assets | 29/58 | €39,442 | €75,214 | +€35,772 | +90.7% |
| Amounts receivable within one year | 40/41 | €27,580 | €48,303 | +€20,724 | +75.1% |
| Trade receivables | 40 | €21,407 | €17,310 | -€4,097 | -19.1% |
| Other amounts receivable | 41 | €6,173 | €30,993 | +€24,821 | +402.1% |
| Cash at bank and in hand | 54/58 | €11,862 | €26,911 | +€15,048 | +126.9% |
| Total equity and liabilities | 10/49 | €60,634 | €158,249 | +€97,615 | +161.0% |
| Equity | 10/15 | €30,657 | €42,883 | +€12,226 | +39.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,657 | €32,883 | +€12,226 | +59.2% |
| Amounts payable | 17/49 | €29,977 | €115,366 | +€85,389 | +284.8% |
| Amounts payable within one year | 42/48 | €29,977 | €115,366 | +€85,389 | +284.8% |
| Current portion of amounts payable after more than one year | 42 | - | €65,769 | +€65,769 | |
| Trade debts | 44 | €5,806 | €4,082 | -€1,724 | -29.7% |
| Suppliers | 440/4 | €5,806 | €4,082 | -€1,724 | -29.7% |
| Taxes, remuneration and social security | 45 | €24,171 | €45,514 | +€21,344 | +88.3% |
| Taxes | 450/3 | €16,139 | €32,080 | +€15,941 | +98.8% |
| Remuneration and social security | 454/9 | €8,032 | €13,434 | +€5,403 | +67.3% |
| Turnover | 70 | €287,614 | €323,530 | +€35,916 | +12.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €166,054 | €88,679 | -€77,374 | -46.6% |
| Remuneration, social security and pensions | 62 | €86,709 | €166,162 | +€79,454 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,004 | €8,169 | +€3,165 | +63.2% |
| Other operating charges | 640/8 | €3,533 | €1,801 | -€1,732 | -49.0% |
| Gross operating margin | 9900 | €121,560 | €234,851 | +€113,290 | +93.2% |
| Operating profit (loss) | 9901 | €26,314 | €58,718 | +€32,404 | +123.1% |
| Financial income | 75/76B | €211 | €971 | +€760 | +360.6% |
| Recurring financial income | 75 | €211 | €971 | +€760 | +360.6% |
| Financial charges | 65/66B | €55 | €275 | +€220 | +397.6% |
| Recurring financial charges | 65 | €55 | €275 | +€220 | +397.6% |
| Profit (loss) for the period before taxes | 9903 | €26,470 | €59,414 | +€32,944 | +124.5% |
| Income taxes | 67/77 | €5,813 | €25,189 | +€19,376 | +333.3% |
| Profit (loss) for the period | 9904 | €20,657 | €34,226 | +€13,568 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,657 | €34,226 | +€13,568 | +65.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.