RED BAG: 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.
RED BAG
Largest movements
- Receivables within one year +€58,572
up €58,572 (+2396.6%), from €2,444 to €61,016
of which Trade receivables: +€58,428
- Stocks and contracts +€7,489
up €7,489 (+5.8%), from €129,337 to €136,826
- Cash -€4,153
down €4,153 (-26.1%), from €15,884 to €11,731
mainly Receivables within one year (-€58,572) and Tax, wage and social debts (-€20,162)
- Trade debts +€81,457
up €81,457 (+200.5%), from €40,634 to €122,091
- Tax, wage and social debts -€20,162
down €20,162 (-42.4%), from €47,567 to €27,405
of which Remuneration and social security: -€11,700
- Gross operating margin -€10,223
down €10,223 (-56.0%), from €18,245 to €8,022
- Other operating charges +€8,304
up €8,304 (+756.3%), from €1,098 to €9,402
- Taxes -€4,826
down €4,826 (-59.3%), from €8,141 to €3,315
- Financial charges +€292
up €292 (+16.9%), from €1,723 to €2,015
- Staff costs -€280
no longer reported in 2022 (was €280)
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 | €151,579 | €212,696 | +€61,117 | +40.3% |
| Fixed assets | 21/28 | €3,238 | €2,430 | -€808 | -24.9% |
| Tangible fixed assets | 22/27 | €3,074 | €2,266 | -€808 | -26.3% |
| Plant, machinery and equipment | 23 | €264 | €132 | -€132 | -50.0% |
| Furniture and vehicles | 24 | €1,833 | €1,448 | -€385 | -21.0% |
| Other tangible fixed assets | 26 | €977 | €686 | -€291 | -29.8% |
| Financial fixed assets | 28 | €164 | €164 | +€0 | +0.2% |
| Current assets | 29/58 | €148,341 | €210,266 | +€61,925 | +41.7% |
| Stocks and contracts in progress | 3 | €129,337 | €136,826 | +€7,489 | +5.8% |
| Stocks | 30/36 | €129,337 | €136,826 | +€7,489 | +5.8% |
| Amounts receivable within one year | 40/41 | €2,444 | €61,016 | +€58,572 | +2396.6% |
| Trade receivables | 40 | €2,444 | €60,872 | +€58,428 | +2390.7% |
| Other amounts receivable | 41 | - | €145 | +€145 | |
| Cash at bank and in hand | 54/58 | €15,884 | €11,731 | -€4,153 | -26.1% |
| Deferred charges and accrued income | 490/1 | €676 | €693 | +€17 | +2.4% |
| Total equity and liabilities | 10/49 | €151,579 | €212,696 | +€61,117 | +40.3% |
| Equity | 10/15 | €60,750 | €59,146 | -€1,604 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,427 | €2,427 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €567 | €567 | -€0 | -0.1% |
| Profit (loss) carried forward | 14 | €39,723 | €38,120 | -€1,603 | -4.0% |
| Amounts payable | 17/49 | €90,829 | €153,550 | +€62,721 | +69.1% |
| Amounts payable within one year | 42/48 | €90,829 | €153,550 | +€62,721 | +69.1% |
| Trade debts | 44 | €40,634 | €122,091 | +€81,457 | +200.5% |
| Suppliers | 440/4 | €40,634 | €122,091 | +€81,457 | +200.5% |
| Taxes, remuneration and social security | 45 | €47,567 | €27,405 | -€20,162 | -42.4% |
| Taxes | 450/3 | €35,867 | €27,405 | -€8,462 | -23.6% |
| Remuneration and social security | 454/9 | €11,700 | - | -€11,700 | |
| Other amounts payable | 47/48 | €2,628 | €4,053 | +€1,425 | +54.2% |
| Remuneration, social security and pensions | 62 | €280 | - | -€280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,313 | €1,230 | -€83 | -6.3% |
| Other operating charges | 640/8 | €1,098 | €9,402 | +€8,304 | +756.3% |
| Gross operating margin | 9900 | €18,245 | €8,022 | -€10,223 | -56.0% |
| Operating profit (loss) | 9901 | €15,554 | -€2,609 | -€18,163 | |
| Financial income | 75/76B | €6,491 | €6,336 | -€155 | -2.4% |
| Recurring financial income | 75 | €6,491 | €6,336 | -€155 | -2.4% |
| Financial charges | 65/66B | €1,723 | €2,015 | +€292 | +16.9% |
| Recurring financial charges | 65 | €1,723 | €2,015 | +€292 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €20,322 | €1,712 | -€18,610 | -91.6% |
| Income taxes | 67/77 | €8,141 | €3,315 | -€4,826 | -59.3% |
| Profit (loss) for the period | 9904 | €12,181 | -€1,603 | -€13,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,181 | -€1,603 | -€13,784 |
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 7 October 2026 via checked.be.