STUBBE PATRICK: 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.
STUBBE PATRICK
Largest movements
- Tangible fixed assets -€3,481
down €3,481 (-60.1%), from €5,795 to €2,314
of which Furniture and vehicles: -€3,346
- Receivables within one year +€3,025
up €3,025 (+15.8%), from €19,101 to €22,126
of which Other amounts receivable: +€6,232
- Cash +€1,314
up €1,314 (+6.9%), from €19,017 to €20,331
mainly Net result for the year (+€24,786) and Depreciation (+€3,481)
- Deferred charges and accrued income +€490
up €490 (+406%), from €121 to €610
- Reserves +€6,500
up €6,500 (+13.5%), from €48,295 to €54,795
of which Distributable reserves: +€6,600
- Other debts -€3,244
down €3,244 (-99.8%), from €3,250 to €6
- Tax, wage and social debts -€2,451
down €2,451 (-26.7%), from €9,178 to €6,727
of which Remuneration and social security: -€7,000
- Accrued charges and deferred income +€700
new in 2023: €700
- Gross operating margin +€15,446
up €15,446 (+83.6%), from €18,485 to €33,930
- Taxes +€4,438
up €4,438 (+388%), from €1,145 to €5,583
- Depreciation -€1,792
down €1,792 (-34.0%), from €5,273 to €3,481
- Write-downs -€428
new in 2023: -€428
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 | €44,033 | €45,381 | +€1,347 | +3.1% |
| Fixed assets | 21/28 | €5,795 | €2,314 | -€3,481 | -60.1% |
| Tangible fixed assets | 22/27 | €5,795 | €2,314 | -€3,481 | -60.1% |
| Land and buildings | 22 | €1,172 | €1,037 | -€135 | -11.5% |
| Furniture and vehicles | 24 | €4,623 | €1,277 | -€3,346 | -72.4% |
| Current assets | 29/58 | €38,238 | €43,067 | +€4,828 | +12.6% |
| Amounts receivable within one year | 40/41 | €19,101 | €22,126 | +€3,025 | +15.8% |
| Trade receivables | 40 | €19,101 | €15,894 | -€3,207 | -16.8% |
| Other amounts receivable | 41 | - | €6,232 | +€6,232 | |
| Cash at bank and in hand | 54/58 | €19,017 | €20,331 | +€1,314 | +6.9% |
| Deferred charges and accrued income | 490/1 | €121 | €610 | +€490 | +406% |
| Total equity and liabilities | 10/49 | €44,033 | €45,381 | +€1,347 | +3.1% |
| Equity | 10/15 | €29,866 | €36,466 | +€6,600 | +22.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,295 | €54,795 | +€6,500 | +13.5% |
| Non-distributable reserves | 130/1 | €100 | - | -€100 | |
| Reserves not available under the articles | 1311 | €100 | - | -€100 | |
| Distributable reserves | 133 | €48,195 | €54,795 | +€6,600 | +13.7% |
| Profit (loss) carried forward | 14 | -€19,429 | -€19,329 | +€100 | +0.5% |
| Amounts payable | 17/49 | €14,167 | €8,915 | -€5,252 | -37.1% |
| Amounts payable within one year | 42/48 | €14,167 | €8,215 | -€5,952 | -42.0% |
| Trade debts | 44 | €1,739 | €1,482 | -€257 | -14.8% |
| Suppliers | 440/4 | €1,739 | €1,482 | -€257 | -14.8% |
| Taxes, remuneration and social security | 45 | €9,178 | €6,727 | -€2,451 | -26.7% |
| Taxes | 450/3 | €2,178 | €6,727 | +€4,549 | +209% |
| Remuneration and social security | 454/9 | €7,000 | - | -€7,000 | |
| Other amounts payable | 47/48 | €3,250 | €6 | -€3,244 | -99.8% |
| Accrued charges and deferred income | 492/3 | - | €700 | +€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,273 | €3,481 | -€1,792 | -34.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€428 | -€428 | |
| Other operating charges | 640/8 | €500 | €543 | +€44 | +8.8% |
| Gross operating margin | 9900 | €18,485 | €33,930 | +€15,446 | +83.6% |
| Operating profit (loss) | 9901 | €12,712 | €30,334 | +€17,622 | +139% |
| Financial income | 75/76B | - | €153 | +€153 | |
| Recurring financial income | 75 | - | €153 | +€153 | |
| Financial charges | 65/66B | €122 | €118 | -€4 | -3.3% |
| Recurring financial charges | 65 | €122 | €118 | -€4 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €12,590 | €30,369 | +€17,779 | +141% |
| Income taxes | 67/77 | €1,145 | €5,583 | +€4,438 | +388% |
| Profit (loss) for the period | 9904 | €11,445 | €24,786 | +€13,341 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €11,445 | €24,786 | +€13,341 | +117% |
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 15 October 2026 via checked.be.