SD-UP: 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.
SD-UP
Largest movements
- Receivables within one year -€7,776
down €7,776 (-30.9%), from €25,151 to €17,375
of which Trade receivables: -€9,493
- Cash +€2,034
up €2,034 (+8.4%), from €24,231 to €26,265
mainly Depreciation (+€8,996) and Receivables within one year (+€7,776)
- Intangible fixed assets -€1,700
down €1,700 (-12.1%), from €14,028 to €12,328
- Deferred charges and accrued income -€1,234
down €1,234 (-91.9%), from €1,343 to €109
- Other debts -€9,140
down €9,140 (-40.7%), from €22,452 to €13,313
- Tax, wage and social debts -€7,249
down €7,249 (-38.8%), from €18,701 to €11,452
of which Taxes: -€11,449
- Trade debts +€4,126
up €4,126 (+535%), from €771 to €4,897
- Reserves +€3,249
up €3,249 (+9.3%), from €34,876 to €38,124
- Debts after one year -€2,802
down €2,802 (-23.1%), from €12,105 to €9,303
- Gross operating margin -€10,990
down €10,990 (-38.6%), from €28,442 to €17,452
- Staff costs -€3,137
down €3,137 (-93.1%), from €3,371 to €234
- Other operating charges -€3,081
down €3,081 (-78.4%), from €3,932 to €851
- Taxes -€2,406
down €2,406 (-57.1%), from €4,216 to €1,810
- Depreciation +€2,277
up €2,277 (+33.9%), from €6,719 to €8,996
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 | €101,968 | €92,709 | -€9,259 | -9.1% |
| Fixed assets | 21/28 | €30,243 | €27,960 | -€2,283 | -7.5% |
| Intangible fixed assets | 21 | €14,028 | €12,328 | -€1,700 | -12.1% |
| Tangible fixed assets | 22/27 | €16,000 | €15,416 | -€583 | -3.6% |
| Furniture and vehicles | 24 | €16,000 | €15,416 | -€583 | -3.6% |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €71,725 | €64,749 | -€6,976 | -9.7% |
| Amounts receivable after more than one year | 29 | €21,000 | €21,000 | = | 0.0% |
| Other amounts receivable | 291 | €21,000 | €21,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,151 | €17,375 | -€7,776 | -30.9% |
| Trade receivables | 40 | €25,151 | €15,658 | -€9,493 | -37.7% |
| Other amounts receivable | 41 | - | €1,718 | +€1,718 | |
| Cash at bank and in hand | 54/58 | €24,231 | €26,265 | +€2,034 | +8.4% |
| Deferred charges and accrued income | 490/1 | €1,343 | €109 | -€1,234 | -91.9% |
| Total equity and liabilities | 10/49 | €101,968 | €92,709 | -€9,259 | -9.1% |
| Equity | 10/15 | €42,876 | €46,124 | +€3,249 | +7.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €34,876 | €38,124 | +€3,249 | +9.3% |
| Distributable reserves | 133 | €34,876 | €38,124 | +€3,249 | +9.3% |
| Amounts payable | 17/49 | €59,093 | €46,584 | -€12,508 | -21.2% |
| Amounts payable after more than one year | 17 | €12,105 | €9,303 | -€2,802 | -23.1% |
| Financial debts | 170/4 | €12,105 | €9,303 | -€2,802 | -23.1% |
| Amounts payable within one year | 42/48 | €46,988 | €37,282 | -€9,706 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €4,864 | €7,420 | +€2,556 | +52.6% |
| Trade debts | 44 | €771 | €4,897 | +€4,126 | +535% |
| Suppliers | 440/4 | €771 | €4,897 | +€4,126 | +535% |
| Advances received on contracts in progress | 46 | €200 | €200 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,701 | €11,452 | -€7,249 | -38.8% |
| Taxes | 450/3 | €17,475 | €6,026 | -€11,449 | -65.5% |
| Remuneration and social security | 454/9 | €1,226 | €5,426 | +€4,200 | +343% |
| Other amounts payable | 47/48 | €22,452 | €13,313 | -€9,140 | -40.7% |
| Remuneration, social security and pensions | 62 | €3,371 | €234 | -€3,137 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,719 | €8,996 | +€2,277 | +33.9% |
| Other operating charges | 640/8 | €3,932 | €851 | -€3,081 | -78.4% |
| Gross operating margin | 9900 | €28,442 | €17,452 | -€10,990 | -38.6% |
| Operating profit (loss) | 9901 | €14,420 | €7,372 | -€7,048 | -48.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,964 | €2,313 | -€651 | -22.0% |
| Recurring financial charges | 65 | €2,964 | €2,313 | -€651 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €11,456 | €5,059 | -€6,397 | -55.8% |
| Income taxes | 67/77 | €4,216 | €1,810 | -€2,406 | -57.1% |
| Profit (loss) for the period | 9904 | €7,240 | €3,249 | -€3,991 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,240 | €3,249 | -€3,991 | -55.1% |
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 14 October 2026 via checked.be.