SOFT FRAME: 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.
SOFT FRAME
Largest movements
- Receivables within one year +€29,422
up €29,422 (+29.0%), from €101,371 to €130,793
of which Trade receivables: +€18,000
- Cash +€18,813
up €18,813 (+36.2%), from €51,906 to €70,719
mainly Net result for the year (+€31,196) and Tax, wage and social debts (+€11,398)
- Reserves +€31,196
up €31,196 (+25.9%), from €120,372 to €151,568
of which Distributable reserves: +€31,196
- Tax, wage and social debts +€11,398
up €11,398 (+188.2%), from €6,056 to €17,454
- Other operating charges -€15,979
down €15,979 (-97.5%), from €16,391 to €412
- Taxes +€4,971
up €4,971 (+57.3%), from €8,669 to €13,640
- Gross operating margin -€4,942
down €4,942 (-9.5%), from €51,818 to €46,876
- Financial charges -€676
down €676 (-42.6%), from €1,585 to €909
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.
Cash bridge derived
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 | €407,412 | €450,728 | +€43,316 | +10.6% |
| Fixed assets | 21/28 | €249,935 | €249,217 | -€718 | -0.3% |
| Tangible fixed assets | 22/27 | €249,185 | €248,467 | -€718 | -0.3% |
| Land and buildings | 22 | €27,017 | €26,883 | -€133 | -0.5% |
| Furniture and vehicles | 24 | €1,624 | €1,039 | -€585 | -36.0% |
| Assets under construction and advance payments | 27 | €220,544 | €220,544 | = | 0.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €157,477 | €201,512 | +€44,034 | +28.0% |
| Amounts receivable within one year | 40/41 | €101,371 | €130,793 | +€29,422 | +29.0% |
| Trade receivables | 40 | €5,040 | €23,040 | +€18,000 | +357.1% |
| Other amounts receivable | 41 | €96,331 | €107,753 | +€11,422 | +11.9% |
| Cash at bank and in hand | 54/58 | €51,906 | €70,719 | +€18,813 | +36.2% |
| Deferred charges and accrued income | 490/1 | €4,200 | - | -€4,200 | |
| Total equity and liabilities | 10/49 | €407,412 | €450,728 | +€43,316 | +10.6% |
| Equity | 10/15 | €180,303 | €211,499 | +€31,196 | +17.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €120,372 | €151,568 | +€31,196 | +25.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €118,513 | €149,709 | +€31,196 | +26.3% |
| Profit (loss) carried forward | 14 | €53,733 | €53,733 | = | 0.0% |
| Amounts payable | 17/49 | €227,110 | €239,230 | +€12,120 | +5.3% |
| Amounts payable within one year | 42/48 | €227,110 | €239,230 | +€12,120 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 43 | €170,000 | €170,000 | = | 0.0% |
| Other loans | 439 | €170,000 | €170,000 | = | 0.0% |
| Trade debts | 44 | €11,053 | €11,776 | +€723 | +6.5% |
| Suppliers | 440/4 | €11,053 | €11,776 | +€723 | +6.5% |
| Taxes, remuneration and social security | 45 | €6,056 | €17,454 | +€11,398 | +188.2% |
| Taxes | 450/3 | €6,056 | €17,454 | +€11,398 | +188.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €718 | -€377 | -34.4% |
| Other operating charges | 640/8 | €16,391 | €412 | -€15,979 | -97.5% |
| Gross operating margin | 9900 | €51,818 | €46,876 | -€4,942 | -9.5% |
| Operating profit (loss) | 9901 | €34,331 | €45,745 | +€11,414 | +33.2% |
| Financial charges | 65/66B | €1,585 | €909 | -€676 | -42.6% |
| Recurring financial charges | 65 | €1,585 | €909 | -€676 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €32,746 | €44,836 | +€12,090 | +36.9% |
| Income taxes | 67/77 | €8,669 | €13,640 | +€4,971 | +57.3% |
| Profit (loss) for the period | 9904 | €24,077 | €31,196 | +€7,119 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,077 | €31,196 | +€7,119 | +29.6% |
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 11 October 2026 via checked.be.