SANDRA NOWOS: 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.
SANDRA NOWOS
Largest movements
- Tangible fixed assets -€26,192
down €26,192 (-22.1%), from €118,721 to €92,529
of which Plant, machinery and equipment: -€16,184
- Stocks and contracts -€8,698
no longer reported in 2023 (was €8,698)
- Receivables within one year +€4,229
up €4,229 (+113%), from €3,752 to €7,981
- Deferred charges and accrued income +€1,577
new in 2023: €1,577
- Cash +€1,383
new in 2023: €1,383
mainly Depreciation (+€26,811) and Accrued charges and deferred income (+€12,100)
- Trade debts -€24,614
down €24,614 (-26.7%), from €92,309 to €67,695
- Accrued charges and deferred income +€12,100
new in 2023: €12,100
- Current portion of long-term debt -€10,429
down €10,429 (-50.0%), from €20,875 to €10,446
- Advances received -€5,307
down €5,307 (-83.4%), from €6,364 to €1,057
- Tax, wage and social debts +€4,321
up €4,321 (+58.5%), from €7,384 to €11,705
of which Taxes: +€3,627
- Gross operating margin +€92,377
up €92,377, from -€17,359 to €75,018
- Depreciation +€26,811
new in 2023: €26,811
- Staff costs +€14,579
up €14,579 (+41.7%), from €34,983 to €49,562
- Financial income +€7,218
up €7,218 (+721,800%), from €1 to €7,219
of which Non-recurring financial income: +€7,219
- Financial charges +€2,779
up €2,779 (+336%), from €828 to €3,607
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 | €136,421 | €108,720 | -€27,701 | -20.3% |
| Fixed assets | 21/28 | €123,971 | €97,779 | -€26,192 | -21.1% |
| Tangible fixed assets | 22/27 | €118,721 | €92,529 | -€26,192 | -22.1% |
| Plant, machinery and equipment | 23 | €76,541 | €60,357 | -€16,184 | -21.1% |
| Furniture and vehicles | 24 | €20,295 | €15,845 | -€4,450 | -21.9% |
| Other tangible fixed assets | 26 | €21,885 | €16,327 | -€5,558 | -25.4% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €12,450 | €10,941 | -€1,509 | -12.1% |
| Stocks and contracts in progress | 3 | €8,698 | - | -€8,698 | |
| Stocks | 30/36 | €8,698 | - | -€8,698 | |
| Amounts receivable within one year | 40/41 | €3,752 | €7,981 | +€4,229 | +113% |
| Other amounts receivable | 41 | €3,752 | €7,981 | +€4,229 | +113% |
| Cash at bank and in hand | 54/58 | - | €1,383 | +€1,383 | |
| Deferred charges and accrued income | 490/1 | - | €1,577 | +€1,577 | |
| Total equity and liabilities | 10/49 | €136,421 | €108,720 | -€27,701 | -20.3% |
| Equity | 10/15 | -€73,741 | -€74,438 | -€697 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €29,476 | €29,477 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Legal reserve | 130 | - | €1,500 | +€1,500 | |
| Reserves not available under the articles | 1311 | €1,500 | - | -€1,500 | |
| Distributable reserves | 133 | €27,976 | €27,977 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€121,817 | -€122,515 | -€698 | -0.6% |
| Amounts payable | 17/49 | €210,162 | €183,158 | -€27,004 | -12.8% |
| Amounts payable after more than one year | 17 | €9,000 | €9,000 | = | 0.0% |
| Financial debts | 170/4 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €201,162 | €162,058 | -€39,104 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €20,875 | €10,446 | -€10,429 | -50.0% |
| Financial debts | 43 | €36,508 | €35,480 | -€1,028 | -2.8% |
| Credit institutions | 430/8 | €1,250 | €2,472 | +€1,222 | +97.8% |
| Other loans | 439 | €35,258 | €33,008 | -€2,250 | -6.4% |
| Trade debts | 44 | €92,309 | €67,695 | -€24,614 | -26.7% |
| Suppliers | 440/4 | €92,309 | €67,695 | -€24,614 | -26.7% |
| Advances received on contracts in progress | 46 | €6,364 | €1,057 | -€5,307 | -83.4% |
| Taxes, remuneration and social security | 45 | €7,384 | €11,705 | +€4,321 | +58.5% |
| Taxes | 450/3 | €7,384 | €11,011 | +€3,627 | +49.1% |
| Remuneration and social security | 454/9 | - | €694 | +€694 | |
| Other amounts payable | 47/48 | €37,722 | €35,675 | -€2,047 | -5.4% |
| Accrued charges and deferred income | 492/3 | - | €12,100 | +€12,100 | |
| Remuneration, social security and pensions | 62 | €34,983 | €49,562 | +€14,579 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €26,811 | +€26,811 | |
| Other operating charges | 640/8 | €2,121 | €2,955 | +€834 | +39.3% |
| Gross operating margin | 9900 | -€17,359 | €75,018 | +€92,377 | |
| Operating profit (loss) | 9901 | -€54,463 | -€4,310 | +€50,153 | +92.1% |
| Financial income | 75/76B | €1 | €7,219 | +€7,218 | +721,800% |
| Recurring financial income | 75 | €1 | €7,219 | +€7,218 | +721,800% |
| Non-recurring financial income | 76B | - | €7,219 | +€7,219 | |
| Financial charges | 65/66B | €828 | €3,607 | +€2,779 | +336% |
| Recurring financial charges | 65 | €828 | €3,607 | +€2,779 | +336% |
| Profit (loss) for the period before taxes | 9903 | -€55,290 | -€698 | +€54,592 | +98.7% |
| Profit (loss) for the period | 9904 | -€55,290 | -€698 | +€54,592 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,290 | -€698 | +€54,592 | +98.7% |
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 16 October 2026 via checked.be.