Spread Your Wings: 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.
Spread Your Wings
Largest movements
- Receivables after one year +€25,000
up €25,000 (+41.7%), from €60,000 to €85,000
- Cash +€8,793
up €8,793 (+37.1%), from €23,708 to €32,501
mainly Net result for the year (+€26,165) and Tax, wage and social debts (+€15,438)
- Tangible fixed assets -€1,630
down €1,630 (-25.8%), from €6,317 to €4,687
of which Other tangible fixed assets: -€1,264
- Reserves +€26,165
up €26,165 (+57.1%), from €45,820 to €71,985
of which Distributable reserves: +€26,165
- Tax, wage and social debts +€15,438
up €15,438 (+119.0%), from €12,972 to €28,410
- Debts after one year -€7,724
no longer reported in 2022 (was €7,724)
- Other debts -€1,292
down €1,292 (-46.3%), from €2,793 to €1,501
- Gross operating margin -€4,068
down €4,068 (-8.5%), from €47,587 to €43,519
- Depreciation -€1,972
down €1,972 (-54.7%), from €3,602 to €1,630
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,531 | €122,305 | +€31,773 | +35.1% |
| Fixed assets | 21/28 | €6,317 | €4,687 | -€1,630 | -25.8% |
| Tangible fixed assets | 22/27 | €6,317 | €4,687 | -€1,630 | -25.8% |
| Furniture and vehicles | 24 | €1,079 | €712 | -€367 | -34.0% |
| Other tangible fixed assets | 26 | €5,238 | €3,975 | -€1,264 | -24.1% |
| Current assets | 29/58 | €84,214 | €117,618 | +€33,404 | +39.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €85,000 | +€25,000 | +41.7% |
| Other amounts receivable | 291 | €60,000 | €85,000 | +€25,000 | +41.7% |
| Cash at bank and in hand | 54/58 | €23,708 | €32,501 | +€8,793 | +37.1% |
| Deferred charges and accrued income | 490/1 | €506 | €117 | -€389 | -76.8% |
| Total equity and liabilities | 10/49 | €90,531 | €122,305 | +€31,773 | +35.1% |
| Equity | 10/15 | €58,264 | €84,430 | +€26,165 | +44.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,820 | €71,985 | +€26,165 | +57.1% |
| Non-distributable reserves | 130/1 | €522 | €522 | = | 0.0% |
| Legal reserve | 130 | €522 | €522 | = | 0.0% |
| Distributable reserves | 133 | €45,299 | €71,464 | +€26,165 | +57.8% |
| Profit (loss) carried forward | 14 | €44 | €44 | = | 0.0% |
| Amounts payable | 17/49 | €32,267 | €37,875 | +€5,608 | +17.4% |
| Amounts payable after more than one year | 17 | €7,724 | - | -€7,724 | |
| Financial debts | 170/4 | €7,724 | - | -€7,724 | |
| Amounts payable within one year | 42/48 | €24,543 | €37,875 | +€13,332 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €8,426 | €7,724 | -€702 | -8.3% |
| Trade debts | 44 | €352 | €241 | -€111 | -31.6% |
| Suppliers | 440/4 | €352 | €241 | -€111 | -31.6% |
| Taxes, remuneration and social security | 45 | €12,972 | €28,410 | +€15,438 | +119.0% |
| Taxes | 450/3 | €12,972 | €28,410 | +€15,438 | +119.0% |
| Other amounts payable | 47/48 | €2,793 | €1,501 | -€1,292 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,602 | €1,630 | -€1,972 | -54.7% |
| Other operating charges | 640/8 | €849 | €856 | +€6 | +0.8% |
| Gross operating margin | 9900 | €47,587 | €43,519 | -€4,068 | -8.5% |
| Operating profit (loss) | 9901 | €43,136 | €41,034 | -€2,103 | -4.9% |
| Financial income | 75/76B | €800 | €1,000 | +€200 | +25.0% |
| Recurring financial income | 75 | €800 | €1,000 | +€200 | +25.0% |
| Financial charges | 65/66B | €541 | €431 | -€111 | -20.5% |
| Recurring financial charges | 65 | €541 | €431 | -€111 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €43,395 | €41,603 | -€1,792 | -4.1% |
| Income taxes | 67/77 | €14,972 | €15,438 | +€465 | +3.1% |
| Profit (loss) for the period | 9904 | €28,422 | €26,165 | -€2,257 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,422 | €26,165 | -€2,257 | -7.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.