SR+: what changed
Two fiscal 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.
SR+
Largest movements
- Cash +€131,691
up €131,691 (+41.4%), from €317,968 to €449,660
mainly Net result for the year (+€172,229) and Debts after one year (+€134,519)
- Tangible fixed assets +€120,275
up €120,275 (+8243.9%), from €1,459 to €121,734
of which Land and buildings: +€121,483
- Receivables after one year +€50,000
up €50,000 (+38.5%), from €130,000 to €180,000
- Receivables within one year +€38,163
up €38,163 (+114.1%), from €33,449 to €71,612
of which Trade receivables: +€28,413
- Deferred charges and accrued income -€10,809
no longer reported in 2023 (was €10,809)
- Reserves +€172,229
up €172,229 (+49.9%), from €345,145 to €517,374
- Debts after one year +€134,519
new in 2023: €134,519
- Tax, wage and social debts +€13,342
up €13,342 (+8.3%), from €160,752 to €174,094
- Gross operating margin -€53,136
down €53,136 (-17.7%), from €300,210 to €247,074
- Taxes -€19,661
down €19,661 (-21.6%), from €90,878 to €71,216
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 | €513,685 | €843,005 | +€329,320 | +64.1% |
| Fixed assets | 21/28 | €21,459 | €141,734 | +€120,275 | +560.5% |
| Tangible fixed assets | 22/27 | €1,459 | €121,734 | +€120,275 | +8243.9% |
| Land and buildings | 22 | - | €121,483 | +€121,483 | |
| Plant, machinery and equipment | 23 | €332 | €227 | -€105 | -31.7% |
| Furniture and vehicles | 24 | €1,127 | €24 | -€1,103 | -97.9% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €492,226 | €701,271 | +€209,045 | +42.5% |
| Amounts receivable after more than one year | 29 | €130,000 | €180,000 | +€50,000 | +38.5% |
| Other amounts receivable | 291 | €130,000 | €180,000 | +€50,000 | +38.5% |
| Amounts receivable within one year | 40/41 | €33,449 | €71,612 | +€38,163 | +114.1% |
| Trade receivables | 40 | €3,449 | €31,862 | +€28,413 | +823.9% |
| Other amounts receivable | 41 | €30,000 | €39,750 | +€9,750 | +32.5% |
| Cash at bank and in hand | 54/58 | €317,968 | €449,660 | +€131,691 | +41.4% |
| Deferred charges and accrued income | 490/1 | €10,809 | - | -€10,809 | |
| Total equity and liabilities | 10/49 | €513,685 | €843,005 | +€329,320 | +64.1% |
| Equity | 10/15 | €348,145 | €520,374 | +€172,229 | +49.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €345,145 | €517,374 | +€172,229 | +49.9% |
| Distributable reserves | 133 | €345,145 | €517,374 | +€172,229 | +49.9% |
| Amounts payable | 17/49 | €165,541 | €322,631 | +€157,090 | +94.9% |
| Amounts payable after more than one year | 17 | - | €134,519 | +€134,519 | |
| Financial debts | 170/4 | - | €134,519 | +€134,519 | |
| Amounts payable within one year | 42/48 | €165,541 | €188,112 | +€22,572 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,472 | +€7,472 | |
| Trade debts | 44 | €1,462 | €3,179 | +€1,717 | +117.4% |
| Suppliers | 440/4 | €1,462 | €3,179 | +€1,717 | +117.4% |
| Taxes, remuneration and social security | 45 | €160,752 | €174,094 | +€13,342 | +8.3% |
| Taxes | 450/3 | €160,752 | €174,094 | +€13,342 | +8.3% |
| Other amounts payable | 47/48 | €3,327 | €3,367 | +€40 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,208 | €1,933 | +€725 | +60.0% |
| Other operating charges | 640/8 | €1,194 | €1,139 | -€55 | -4.6% |
| Gross operating margin | 9900 | €300,210 | €247,074 | -€53,136 | -17.7% |
| Operating profit (loss) | 9901 | €297,808 | €244,002 | -€53,806 | -18.1% |
| Financial income | 75/76B | €2,800 | €2,000 | -€800 | -28.6% |
| Recurring financial income | 75 | €2,800 | €2,000 | -€800 | -28.6% |
| Financial charges | 65/66B | €1,533 | €2,556 | +€1,023 | +66.8% |
| Recurring financial charges | 65 | €1,533 | €2,556 | +€1,023 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | €299,075 | €243,446 | -€55,629 | -18.6% |
| Income taxes | 67/77 | €90,878 | €71,216 | -€19,661 | -21.6% |
| Profit (loss) for the period | 9904 | €208,197 | €172,229 | -€35,968 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €208,197 | €172,229 | -€35,968 | -17.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.