STEFAN BEERTEN: 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.
STEFAN BEERTEN
Largest movements
- Receivables within one year -€11,429
down €11,429 (-30.0%), from €38,040 to €26,611
of which Trade receivables: -€11,414
- Cash +€6,108
up €6,108 (+2,076%), from €294 to €6,402
mainly Receivables within one year (+€11,429) and Net result for the year (+€6,710)
- Deferred charges and accrued income -€1,152
down €1,152 (-82.3%), from €1,400 to €248
- Tangible fixed assets +€1,116
up €1,116 (+18.9%), from €5,914 to €7,030
- Other debts -€9,183
no longer reported in 2023 (was €9,183)
- Profit (loss) carried forward +€6,710
up €6,710 (+2,138%), from €314 to €7,024
- Trade debts -€2,557
down €2,557 (-9.2%), from €27,919 to €25,362
- Gross operating margin +€2,941
up €2,941 (+63.9%), from €4,605 to €7,546
- Other operating charges -€2,651
down €2,651 (-94.7%), from €2,800 to €149
- Taxes -€1,259
no longer reported in 2023 (was €1,259)
- Staff costs +€273
new in 2023: €273
- Financial income -€133
no longer reported in 2023 (was €133)
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 | €45,648 | €40,291 | -€5,357 | -11.7% |
| Fixed assets | 21/28 | €5,914 | €7,030 | +€1,116 | +18.9% |
| Tangible fixed assets | 22/27 | €5,914 | €7,030 | +€1,116 | +18.9% |
| Furniture and vehicles | 24 | €5,914 | €7,030 | +€1,116 | +18.9% |
| Current assets | 29/58 | €39,734 | €33,262 | -€6,473 | -16.3% |
| Amounts receivable within one year | 40/41 | €38,040 | €26,611 | -€11,429 | -30.0% |
| Trade receivables | 40 | €37,713 | €26,299 | -€11,414 | -30.3% |
| Other amounts receivable | 41 | €327 | €312 | -€15 | -4.6% |
| Cash at bank and in hand | 54/58 | €294 | €6,402 | +€6,108 | +2,076% |
| Deferred charges and accrued income | 490/1 | €1,400 | €248 | -€1,152 | -82.3% |
| Total equity and liabilities | 10/49 | €45,648 | €40,291 | -€5,357 | -11.7% |
| Equity | 10/15 | €7,288 | €13,998 | +€6,710 | +92.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €3,000 | +€3,000 | |
| Other | 1109/19 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €3,974 | €3,974 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €3,974 | +€3,974 | |
| Legal reserve | 130 | - | €3,974 | +€3,974 | |
| Distributable reserves | 133 | €3,974 | - | -€3,974 | |
| Profit (loss) carried forward | 14 | €314 | €7,024 | +€6,710 | +2,138% |
| Amounts payable | 17/49 | €38,361 | €26,293 | -€12,067 | -31.5% |
| Amounts payable within one year | 42/48 | €38,361 | €26,293 | -€12,067 | -31.5% |
| Trade debts | 44 | €27,919 | €25,362 | -€2,557 | -9.2% |
| Suppliers | 440/4 | €27,919 | €25,362 | -€2,557 | -9.2% |
| Taxes, remuneration and social security | 45 | €1,259 | €932 | -€327 | -26.0% |
| Taxes | 450/3 | €1,259 | €932 | -€327 | -26.0% |
| Other amounts payable | 47/48 | €9,183 | - | -€9,183 | |
| Remuneration, social security and pensions | 62 | - | €273 | +€273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | - | -€10 | |
| Other operating charges | 640/8 | €2,800 | €149 | -€2,651 | -94.7% |
| Gross operating margin | 9900 | €4,605 | €7,546 | +€2,941 | +63.9% |
| Operating profit (loss) | 9901 | €1,796 | €7,124 | +€5,329 | +297% |
| Financial income | 75/76B | €133 | - | -€133 | |
| Recurring financial income | 75 | €133 | - | -€133 | |
| Financial charges | 65/66B | €356 | €414 | +€58 | +16.4% |
| Recurring financial charges | 65 | €356 | €414 | +€58 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €1,573 | €6,710 | +€5,138 | +327% |
| Income taxes | 67/77 | €1,259 | - | -€1,259 | |
| Profit (loss) for the period | 9904 | €314 | €6,710 | +€6,396 | +2,038% |
| Profit (loss) for the period to be appropriated | 9905 | €314 | €6,710 | +€6,396 | +2,038% |
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 29 October 2026 via checked.be.