START FINANCE: 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.
START FINANCE
Largest movements
- Cash +€18,600
up €18,600 (+86.0%), from €21,624 to €40,224
mainly Debts after one year (+€35,000) and Net result for the year (+€11,718)
- Receivables within one year +€3,398
up €3,398 (+39.8%), from €8,534 to €11,932
- Tangible fixed assets +€1,888
new in 2023: €1,888
- Debts after one year +€35,000
new in 2023: €35,000
- Other debts -€27,403
no longer reported in 2023 (was €27,403)
- Profit (loss) carried forward +€11,718
up €11,718, from -€1,150 to €10,568
- Tax, wage and social debts +€3,921
new in 2023: €3,921
- Contributions +€650
up €650 (+13.0%), from €5,000 to €5,650
- Turnover +€39,968
up €39,968 (+1,085%), from €3,684 to €43,652
- Gross operating margin +€20,754
up €20,754, from -€1,035 to €19,719
- Purchases and services +€19,216
up €19,216 (+407%), from €4,719 to €23,935
- Taxes +€3,921
new in 2023: €3,921
- Other operating charges +€3,023
new in 2023: €3,023
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 | €31,253 | €55,139 | +€23,886 | +76.4% |
| Formation expenses | 20 | €1,095 | €1,095 | = | 0.0% |
| Fixed assets | 21/28 | - | €1,888 | +€1,888 | |
| Tangible fixed assets | 22/27 | - | €1,888 | +€1,888 | |
| Plant, machinery and equipment | 23 | - | €1,888 | +€1,888 | |
| Current assets | 29/58 | €30,158 | €52,156 | +€21,998 | +72.9% |
| Amounts receivable within one year | 40/41 | €8,534 | €11,932 | +€3,398 | +39.8% |
| Other amounts receivable | 41 | €8,534 | €11,932 | +€3,398 | +39.8% |
| Cash at bank and in hand | 54/58 | €21,624 | €40,224 | +€18,600 | +86.0% |
| Total equity and liabilities | 10/49 | €31,253 | €55,139 | +€23,886 | +76.4% |
| Equity | 10/15 | €3,850 | €16,218 | +€12,368 | +321% |
| Contributions | 10/11 | €5,000 | €5,650 | +€650 | +13.0% |
| Profit (loss) carried forward | 14 | -€1,150 | €10,568 | +€11,718 | |
| Amounts payable | 17/49 | €27,403 | €38,921 | +€11,518 | +42.0% |
| Amounts payable after more than one year | 17 | - | €35,000 | +€35,000 | |
| Financial debts | 170/4 | - | €35,000 | +€35,000 | |
| Amounts payable within one year | 42/48 | €27,403 | €3,921 | -€23,482 | -85.7% |
| Taxes, remuneration and social security | 45 | - | €3,921 | +€3,921 | |
| Taxes | 450/3 | - | €3,921 | +€3,921 | |
| Other amounts payable | 47/48 | €27,403 | - | -€27,403 | |
| Turnover | 70 | €3,684 | €43,652 | +€39,968 | +1,085% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,719 | €23,935 | +€19,216 | +407% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €944 | +€944 | |
| Other operating charges | 640/8 | - | €3,023 | +€3,023 | |
| Gross operating margin | 9900 | -€1,035 | €19,719 | +€20,754 | |
| Operating profit (loss) | 9901 | -€1,035 | €15,752 | +€16,787 | |
| Financial charges | 65/66B | €115 | €113 | -€2 | -1.7% |
| Recurring financial charges | 65 | €115 | €113 | -€2 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,150 | €15,639 | +€16,789 | |
| Income taxes | 67/77 | - | €3,921 | +€3,921 | |
| Profit (loss) for the period | 9904 | -€1,150 | €11,718 | +€12,868 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,150 | €11,718 | +€12,868 |
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 25 October 2026 via checked.be.