SEBASTIEN DAEMS: 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.
SEBASTIEN DAEMS
Largest movements
- Cash +€115,683
up €115,683 (+325%), from €35,566 to €151,249
mainly Net result for the year (+€169,938) and Tax, wage and social debts (+€76,510)
- Tangible fixed assets +€104,052
up €104,052 (+225%), from €46,165 to €150,217
- Receivables after one year +€60,000
new in 2023: €60,000
- Receivables within one year +€23,599
up €23,599 (+20.8%), from €113,200 to €136,799
of which Other amounts receivable: +€29,259
- Reserves +€147,257
up €147,257 (+429%), from €34,292 to €181,549
of which Distributable reserves: +€147,257
- Tax, wage and social debts +€76,510
up €76,510 (+403%), from €18,966 to €95,477
- Advances received +€52,904
up €52,904 (+195%), from €27,096 to €80,000
- Profit (loss) carried forward +€22,681
no longer reported in 2023 (was -€22,681)
- Trade debts +€7,788
up €7,788 (+41.3%), from €18,851 to €26,639
- Gross operating margin +€195,191
up €195,191 (+399%), from €48,873 to €244,064
- Taxes +€69,666
up €69,666 (+517%), from €13,470 to €83,135
- Financial income +€6,939
up €6,939 (+63.2%), from €10,979 to €17,918
of which Non-recurring financial income: +€5,683
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 | €196,411 | €501,211 | +€304,800 | +155% |
| Fixed assets | 21/28 | €46,915 | €150,967 | +€104,052 | +222% |
| Tangible fixed assets | 22/27 | €46,165 | €150,217 | +€104,052 | +225% |
| Furniture and vehicles | 24 | €46,165 | €150,217 | +€104,052 | +225% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €149,496 | €350,244 | +€200,748 | +134% |
| Amounts receivable after more than one year | 29 | - | €60,000 | +€60,000 | |
| Other amounts receivable | 291 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €113,200 | €136,799 | +€23,599 | +20.8% |
| Trade receivables | 40 | €63,336 | €57,676 | -€5,660 | -8.9% |
| Other amounts receivable | 41 | €49,863 | €79,122 | +€29,259 | +58.7% |
| Cash at bank and in hand | 54/58 | €35,566 | €151,249 | +€115,683 | +325% |
| Deferred charges and accrued income | 490/1 | €730 | €2,196 | +€1,466 | +201% |
| Total equity and liabilities | 10/49 | €196,411 | €501,211 | +€304,800 | +155% |
| Equity | 10/15 | €125,011 | €294,949 | +€169,938 | +136% |
| Contributions | 10/11 | €113,400 | €113,400 | = | 0.0% |
| Reserves | 13 | €34,292 | €181,549 | +€147,257 | +429% |
| Non-distributable reserves | 130/1 | €4,738 | €4,738 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,738 | €4,738 | = | 0.0% |
| Distributable reserves | 133 | €29,554 | €176,811 | +€147,257 | +498% |
| Profit (loss) carried forward | 14 | -€22,681 | - | +€22,681 | |
| Amounts payable | 17/49 | €71,400 | €206,262 | +€134,862 | +189% |
| Amounts payable after more than one year | 17 | €4,227 | €1,923 | -€2,304 | -54.5% |
| Financial debts | 170/4 | €2,887 | €583 | -€2,304 | -79.8% |
| Other amounts payable | 178/9 | €1,340 | €1,340 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,173 | €204,339 | +€137,166 | +204% |
| Current portion of amounts payable after more than one year | 42 | €2,259 | €2,223 | -€36 | -1.6% |
| Trade debts | 44 | €18,851 | €26,639 | +€7,788 | +41.3% |
| Suppliers | 440/4 | €18,851 | €26,639 | +€7,788 | +41.3% |
| Advances received on contracts in progress | 46 | €27,096 | €80,000 | +€52,904 | +195% |
| Taxes, remuneration and social security | 45 | €18,966 | €95,477 | +€76,510 | +403% |
| Taxes | 450/3 | €18,966 | €95,477 | +€76,510 | +403% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,026 | €5,113 | -€913 | -15.2% |
| Other operating charges | 640/8 | €2,902 | €3,149 | +€247 | +8.5% |
| Gross operating margin | 9900 | €48,873 | €244,064 | +€195,191 | +399% |
| Operating profit (loss) | 9901 | €39,945 | €235,803 | +€195,858 | +490% |
| Financial income | 75/76B | €10,979 | €17,918 | +€6,939 | +63.2% |
| Recurring financial income | 75 | €1 | €1,257 | +€1,257 | +251,322% |
| Non-recurring financial income | 76B | €10,978 | €16,661 | +€5,683 | +51.8% |
| Financial charges | 65/66B | €864 | €647 | -€217 | -25.1% |
| Recurring financial charges | 65 | €864 | €647 | -€217 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €50,059 | €253,074 | +€203,015 | +406% |
| Income taxes | 67/77 | €13,470 | €83,135 | +€69,666 | +517% |
| Profit (loss) for the period | 9904 | €36,589 | €169,938 | +€133,349 | +364% |
| Profit (loss) for the period to be appropriated | 9905 | €36,589 | €169,938 | +€133,349 | +364% |
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 22 October 2026 via checked.be.