S.Q.L.: 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.
S.Q.L.
Largest movements
- Receivables within one year -€149,737
down €149,737 (-82.7%), from €181,084 to €31,348
of which Trade receivables: -€150,346
- Cash -€7,219
down €7,219 (-10.1%), from €71,535 to €64,316
mainly Net result for the year (-€197,088) and Contributions, distributions and other (-€7,800)
- Deferred charges and accrued income +€3,165
up €3,165 (+465%), from €681 to €3,846
- Profit (loss) carried forward -€204,888
down €204,888, from €49,219 to -€155,669
- Tax, wage and social debts +€37,116
up €37,116 (+48.1%), from €77,186 to €114,303
of which Remuneration and social security: +€25,712
- Trade debts +€15,852
up €15,852 (+14.6%), from €108,756 to €124,609
- Write-downs +€228,658
new in 2023: €228,658
- Gross operating margin +€109,708
up €109,708 (+21.5%), from €509,362 to €619,071
- Staff costs +€99,306
up €99,306 (+20.8%), from €477,447 to €576,753
- Taxes -€10,796
down €10,796 (-77.9%), from €13,854 to €3,058
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 | €253,301 | €101,381 | -€151,919 | -60.0% |
| Fixed assets | 21/28 | - | €1,871 | +€1,871 | |
| Tangible fixed assets | 22/27 | - | €1,871 | +€1,871 | |
| Furniture and vehicles | 24 | - | €1,871 | +€1,871 | |
| Current assets | 29/58 | €253,301 | €99,510 | -€153,791 | -60.7% |
| Amounts receivable within one year | 40/41 | €181,084 | €31,348 | -€149,737 | -82.7% |
| Trade receivables | 40 | €180,636 | €30,291 | -€150,346 | -83.2% |
| Other amounts receivable | 41 | €448 | €1,057 | +€609 | +136% |
| Cash at bank and in hand | 54/58 | €71,535 | €64,316 | -€7,219 | -10.1% |
| Deferred charges and accrued income | 490/1 | €681 | €3,846 | +€3,165 | +465% |
| Total equity and liabilities | 10/49 | €253,301 | €101,381 | -€151,919 | -60.0% |
| Equity | 10/15 | €57,279 | -€147,609 | -€204,888 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €49,219 | -€155,669 | -€204,888 | |
| Amounts payable | 17/49 | €196,022 | €248,990 | +€52,969 | +27.0% |
| Amounts payable within one year | 42/48 | €196,022 | €248,990 | +€52,969 | +27.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €108,756 | €124,609 | +€15,852 | +14.6% |
| Suppliers | 440/4 | €108,756 | €124,609 | +€15,852 | +14.6% |
| Taxes, remuneration and social security | 45 | €77,186 | €114,303 | +€37,116 | +48.1% |
| Taxes | 450/3 | €17,664 | €29,068 | +€11,404 | +64.6% |
| Remuneration and social security | 454/9 | €59,523 | €85,235 | +€25,712 | +43.2% |
| Other amounts payable | 47/48 | €10,079 | €10,079 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €477,447 | €576,753 | +€99,306 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,343 | +€1,343 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €228,658 | +€228,658 | |
| Other operating charges | 640/8 | €1,684 | €1,346 | -€339 | -20.1% |
| Gross operating margin | 9900 | €509,362 | €619,071 | +€109,708 | +21.5% |
| Operating profit (loss) | 9901 | €30,231 | -€189,029 | -€219,260 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,582 | €5,001 | +€3,419 | +216% |
| Recurring financial charges | 65 | €1,582 | €5,001 | +€3,419 | +216% |
| Profit (loss) for the period before taxes | 9903 | €28,650 | -€194,030 | -€222,679 | |
| Income taxes | 67/77 | €13,854 | €3,058 | -€10,796 | -77.9% |
| Profit (loss) for the period | 9904 | €14,796 | -€197,088 | -€211,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,796 | -€197,088 | -€211,884 |
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 19 October 2026 via checked.be.