REFRAMET: 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.
REFRAMET
Largest movements
- Stocks and contracts -€33,962
down €33,962 (-5.8%), from €581,464 to €547,502
- Cash -€22,676
down €22,676 (-42.1%), from €53,813 to €31,137
mainly Other debts (-€47,734) and Net result for the year (-€13,043)
- Other debts -€47,734
down €47,734 (-8.0%), from €600,321 to €552,587
- Profit (loss) carried forward -€13,043
down €13,043, from €5,597 to -€7,446
- Gross operating margin -€8,340
down €8,340, from €8,154 to -€186
- Financial charges -€4,715
down €4,715 (-98.0%), from €4,813 to €97
- Staff costs +€2,593
up €2,593 (+60.2%), from €4,307 to €6,900
- Depreciation -€551
down €551 (-8.5%), from €6,488 to €5,936
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 | €985,631 | €922,971 | -€62,660 | -6.4% |
| Fixed assets | 21/28 | €31,472 | €25,536 | -€5,936 | -18.9% |
| Tangible fixed assets | 22/27 | €31,472 | €25,536 | -€5,936 | -18.9% |
| Plant, machinery and equipment | 23 | €17,232 | €14,443 | -€2,789 | -16.2% |
| Furniture and vehicles | 24 | €14,240 | €11,093 | -€3,147 | -22.1% |
| Current assets | 29/58 | €954,159 | €897,435 | -€56,724 | -5.9% |
| Stocks and contracts in progress | 3 | €581,464 | €547,502 | -€33,962 | -5.8% |
| Stocks | 30/36 | €581,464 | €547,502 | -€33,962 | -5.8% |
| Amounts receivable within one year | 40/41 | €18,549 | €18,549 | = | 0.0% |
| Other amounts receivable | 41 | €18,549 | €18,549 | = | 0.0% |
| Current investments | 50/53 | €300,246 | €300,246 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,813 | €31,137 | -€22,676 | -42.1% |
| Deferred charges and accrued income | 490/1 | €87 | - | -€87 | |
| Total equity and liabilities | 10/49 | €985,631 | €922,971 | -€62,660 | -6.4% |
| Equity | 10/15 | €375,157 | €362,114 | -€13,043 | -3.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €349,560 | €349,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €347,560 | €347,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,597 | -€7,446 | -€13,043 | |
| Amounts payable | 17/49 | €610,474 | €560,857 | -€49,617 | -8.1% |
| Amounts payable within one year | 42/48 | €610,474 | €560,857 | -€49,617 | -8.1% |
| Trade debts | 44 | €5,045 | €5,085 | +€40 | +0.8% |
| Suppliers | 440/4 | €5,045 | €5,085 | +€40 | +0.8% |
| Taxes, remuneration and social security | 45 | €5,109 | €3,185 | -€1,924 | -37.7% |
| Taxes | 450/3 | €3,631 | €2,186 | -€1,444 | -39.8% |
| Remuneration and social security | 454/9 | €1,478 | €999 | -€479 | -32.4% |
| Other amounts payable | 47/48 | €600,321 | €552,587 | -€47,734 | -8.0% |
| Remuneration, social security and pensions | 62 | €4,307 | €6,900 | +€2,593 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,488 | €5,936 | -€551 | -8.5% |
| Gross operating margin | 9900 | €8,154 | -€186 | -€8,340 | |
| Operating profit (loss) | 9901 | -€2,640 | -€13,022 | -€10,381 | -393% |
| Financial income | 75/76B | €9 | €76 | +€68 | +794% |
| Recurring financial income | 75 | €9 | €76 | +€68 | +794% |
| Financial charges | 65/66B | €4,813 | €97 | -€4,715 | -98.0% |
| Recurring financial charges | 65 | €4,813 | €97 | -€4,715 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,445 | -€13,043 | -€5,598 | -75.2% |
| Profit (loss) for the period | 9904 | -€7,445 | -€13,043 | -€5,598 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,445 | -€13,043 | -€5,598 | -75.2% |
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 26 October 2026 via checked.be.