SPECIBETON: 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.
SPECIBETON
Largest movements
- Stocks and contracts -€16,500
down €16,500 (-23.5%), from €70,211 to €53,711
- Tangible fixed assets -€6,620
down €6,620 (-13.0%), from €50,963 to €44,343
- Cash -€6,315
down €6,315 (-34.0%), from €18,561 to €12,246
mainly Net result for the year (-€26,971) and Tax, wage and social debts (-€8,351)
- Receivables within one year +€5,053
up €5,053 (+3.6%), from €140,831 to €145,884
of which Trade receivables: +€6,271
- Profit (loss) carried forward -€27,022
down €27,022 (-14.5%), from -€186,659 to -€213,680
- Tax, wage and social debts -€8,351
down €8,351 (-32.9%), from €25,420 to €17,069
of which Taxes: -€6,848
- Other debts +€7,027
up €7,027 (+2.3%), from €310,473 to €317,500
- Trade debts +€3,660
up €3,660 (+18.0%), from €20,339 to €23,999
- Gross operating margin -€115,329
down €115,329 (-45.6%), from €252,994 to €137,664
- Staff costs -€21,212
down €21,212 (-12.3%), from €172,697 to €151,485
- Taxes -€7,714
no longer reported in 2023 (was €7,714)
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 | €285,592 | €260,551 | -€25,041 | -8.8% |
| Fixed assets | 21/28 | €55,690 | €48,710 | -€6,980 | -12.5% |
| Tangible fixed assets | 22/27 | €50,963 | €44,343 | -€6,620 | -13.0% |
| Land and buildings | 22 | €32,371 | €29,086 | -€3,286 | -10.1% |
| Plant, machinery and equipment | 23 | €3,301 | €2,754 | -€547 | -16.6% |
| Furniture and vehicles | 24 | €15,291 | €12,503 | -€2,788 | -18.2% |
| Financial fixed assets | 28 | €4,727 | €4,367 | -€360 | -7.6% |
| Current assets | 29/58 | €229,902 | €211,841 | -€18,061 | -7.9% |
| Stocks and contracts in progress | 3 | €70,211 | €53,711 | -€16,500 | -23.5% |
| Stocks | 30/36 | €70,211 | €53,711 | -€16,500 | -23.5% |
| Amounts receivable within one year | 40/41 | €140,831 | €145,884 | +€5,053 | +3.6% |
| Trade receivables | 40 | €136,939 | €143,210 | +€6,271 | +4.6% |
| Other amounts receivable | 41 | €3,892 | €2,674 | -€1,218 | -31.3% |
| Cash at bank and in hand | 54/58 | €18,561 | €12,246 | -€6,315 | -34.0% |
| Deferred charges and accrued income | 490/1 | €299 | - | -€299 | |
| Total equity and liabilities | 10/49 | €285,592 | €260,551 | -€25,041 | -8.8% |
| Equity | 10/15 | -€82,453 | -€109,474 | -€27,022 | -32.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €39,206 | €39,206 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €32,706 | €32,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,659 | -€213,680 | -€27,022 | -14.5% |
| Amounts payable | 17/49 | €368,045 | €370,025 | +€1,981 | +0.5% |
| Amounts payable within one year | 42/48 | €367,620 | €369,601 | +€1,981 | +0.5% |
| Trade debts | 44 | €20,339 | €23,999 | +€3,660 | +18.0% |
| Suppliers | 440/4 | €20,339 | €23,999 | +€3,660 | +18.0% |
| Advances received on contracts in progress | 46 | €11,388 | €11,033 | -€355 | -3.1% |
| Taxes, remuneration and social security | 45 | €25,420 | €17,069 | -€8,351 | -32.9% |
| Taxes | 450/3 | €16,977 | €10,129 | -€6,848 | -40.3% |
| Remuneration and social security | 454/9 | €8,443 | €6,940 | -€1,503 | -17.8% |
| Other amounts payable | 47/48 | €310,473 | €317,500 | +€7,027 | +2.3% |
| Accrued charges and deferred income | 492/3 | €424 | €424 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €172,697 | €151,485 | -€21,212 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,129 | €7,259 | +€130 | +1.8% |
| Other operating charges | 640/8 | €3,695 | €5,512 | +€1,817 | +49.2% |
| Gross operating margin | 9900 | €252,994 | €137,664 | -€115,329 | -45.6% |
| Operating profit (loss) | 9901 | €69,473 | -€26,592 | -€96,065 | |
| Financial income | 75/76B | €0 | €17 | +€17 | +174,200% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +174,200% |
| Financial charges | 65/66B | €322 | €396 | +€75 | +23.3% |
| Recurring financial charges | 65 | €322 | €396 | +€75 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €69,152 | -€26,971 | -€96,122 | |
| Income taxes | 67/77 | €7,714 | - | -€7,714 | |
| Profit (loss) for the period | 9904 | €61,437 | -€26,971 | -€88,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,437 | -€26,971 | -€88,408 |
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 28 October 2026 via checked.be.