STEPHANE HEIJMANS: 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.
STEPHANE HEIJMANS
Largest movements
- Current assets +€80,625
up €80,625 (+84.3%), from €95,603 to €176,228
of which Cash: +€97,967
- Tangible fixed assets -€20,347
down €20,347 (-10.3%), from €197,303 to €176,956
- Equity +€63,801
up €63,801 (+31.5%), from €202,531 to €266,331
of which Reserves: +€63,801
- Gross operating margin +€35,368
up €35,368 (+44.2%), from €80,057 to €115,426
- Taxes +€8,808
up €8,808 (+56.2%), from €15,668 to €24,475
- Financial charges +€3,919
new in 2022: €3,919
- Depreciation +€3,538
up €3,538 (+21.0%), from €16,810 to €20,347
- Other operating charges +€2,883
new in 2022: €2,883
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,956 | €359,234 | +€60,278 | +20.2% |
| Fixed assets | 21/28 | €203,353 | €183,006 | -€20,347 | -10.0% |
| Tangible fixed assets | 22/27 | €197,303 | €176,956 | -€20,347 | -10.3% |
| Land and buildings | 22 | - | €136,282 | +€136,282 | |
| Plant, machinery and equipment | 23 | - | €1,446 | +€1,446 | |
| Furniture and vehicles | 24 | - | €39,228 | +€39,228 | |
| Financial fixed assets | 28 | €6,050 | €6,050 | = | 0.0% |
| Current assets | 29/58 | €95,603 | €176,228 | +€80,625 | +84.3% |
| Amounts receivable within one year | 40/41 | €27,438 | €49 | -€27,389 | -99.8% |
| Other amounts receivable | 41 | - | €49 | +€49 | |
| Cash at bank and in hand | 54/58 | €64,493 | €162,460 | +€97,967 | +152% |
| Deferred charges and accrued income | 490/1 | - | €13,719 | +€13,719 | |
| Total equity and liabilities | 10/49 | €298,956 | €359,234 | +€60,278 | +20.2% |
| Equity | 10/15 | €202,531 | €266,331 | +€63,801 | +31.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Capital | 10 | - | €500 | +€500 | |
| Issued capital | 100 | - | €500 | +€500 | |
| Reserves | 13 | €202,031 | €265,831 | +€63,801 | +31.6% |
| Non-distributable reserves | 130/1 | - | €50 | +€50 | |
| Legal reserve | 130 | - | €50 | +€50 | |
| Distributable reserves | 133 | - | €265,781 | +€265,781 | |
| Profit (loss) carried forward | 14 | €962 | - | -€962 | |
| Amounts payable | 17/49 | €96,425 | €92,903 | -€3,522 | -3.7% |
| Amounts payable after more than one year | 17 | €66,863 | €60,835 | -€6,028 | -9.0% |
| Financial debts | 170/4 | - | €60,835 | +€60,835 | |
| Amounts payable within one year | 42/48 | €25,585 | €32,068 | +€6,483 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,528 | +€13,528 | |
| Trade debts | 44 | - | €94 | +€94 | |
| Suppliers | 440/4 | - | €94 | +€94 | |
| Taxes, remuneration and social security | 45 | - | €12,330 | +€12,330 | |
| Taxes | 450/3 | - | €12,330 | +€12,330 | |
| Other amounts payable | 47/48 | - | €6,116 | +€6,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,810 | €20,347 | +€3,538 | +21.0% |
| Other operating charges | 640/8 | - | €2,883 | +€2,883 | |
| Gross operating margin | 9900 | €80,057 | €115,426 | +€35,368 | +44.2% |
| Operating profit (loss) | 9901 | €60,188 | €92,195 | +€32,008 | +53.2% |
| Recurring financial income | 75 | €109 | - | -€109 | |
| Financial charges | 65/66B | - | €3,919 | +€3,919 | |
| Recurring financial charges | 65 | €4,206 | €3,919 | -€286 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €56,091 | €88,276 | +€32,184 | +57.4% |
| Income taxes | 67/77 | €15,668 | €24,475 | +€8,808 | +56.2% |
| Profit (loss) for the period | 9904 | €40,424 | €63,801 | +€23,377 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,424 | €63,801 | +€23,377 | +57.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2021 and 30 June 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.