STUDIO TIMOTHY SEGERS: 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.
STUDIO TIMOTHY SEGERS
Largest movements
- Receivables within one year +€12,061
up €12,061 (+204%), from €5,926 to €17,987
of which Other amounts receivable: +€15,337
- Deferred charges and accrued income -€1,609
no longer reported in 2023 (was €1,609)
- Profit (loss) carried forward +€12,472
up €12,472 (+9.8%), from -€127,144 to -€114,672
- Debts after one year -€6,167
down €6,167 (-6.9%), from €88,846 to €82,679
of which Financial debts: -€26,467
- Tax, wage and social debts +€2,250
up €2,250 (+2,284%), from €99 to €2,349
- Other debts +€1,788
up €1,788 (+7.5%), from €23,957 to €25,745
- Gross operating margin +€123,384
up €123,384, from -€110,912 to €12,472
- Write-downs +€35,000
no longer reported in 2023 (was -€35,000)
- Taxes +€2,217
no longer reported in 2023 (was -€2,217)
- Other operating charges -€1,607
no longer reported in 2023 (was €1,607)
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 | €8,226 | €18,568 | +€10,343 | +126% |
| Fixed assets | 21/28 | €550 | €550 | = | 0.0% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €7,676 | €18,018 | +€10,343 | +135% |
| Amounts receivable within one year | 40/41 | €5,926 | €17,987 | +€12,061 | +204% |
| Trade receivables | 40 | €5,926 | €2,650 | -€3,276 | -55.3% |
| Other amounts receivable | 41 | - | €15,337 | +€15,337 | |
| Cash at bank and in hand | 54/58 | €141 | €31 | -€109 | -77.7% |
| Deferred charges and accrued income | 490/1 | €1,609 | - | -€1,609 | |
| Total equity and liabilities | 10/49 | €8,226 | €18,568 | +€10,343 | +126% |
| Equity | 10/15 | -€107,480 | -€95,008 | +€12,472 | +11.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €7,164 | €7,164 | = | 0.0% |
| Non-distributable reserves | 130/1 | €661 | - | -€661 | |
| Reserves not available under the articles | 1311 | €661 | - | -€661 | |
| Tax-exempt reserves | 132 | - | €661 | +€661 | |
| Distributable reserves | 133 | €6,503 | €6,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,144 | -€114,672 | +€12,472 | +9.8% |
| Amounts payable | 17/49 | €115,705 | €113,576 | -€2,129 | -1.8% |
| Amounts payable after more than one year | 17 | €88,846 | €82,679 | -€6,167 | -6.9% |
| Financial debts | 170/4 | €88,846 | €62,379 | -€26,467 | -29.8% |
| Other amounts payable | 178/9 | - | €20,300 | +€20,300 | |
| Amounts payable within one year | 42/48 | €26,859 | €30,897 | +€4,038 | +15.0% |
| Trade debts | 44 | €2,804 | €2,804 | = | 0.0% |
| Suppliers | 440/4 | €2,804 | €2,804 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €99 | €2,349 | +€2,250 | +2,284% |
| Taxes | 450/3 | €99 | €2,349 | +€2,250 | +2,284% |
| Other amounts payable | 47/48 | €23,957 | €25,745 | +€1,788 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34 | - | -€34 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€35,000 | - | +€35,000 | |
| Other operating charges | 640/8 | €1,607 | - | -€1,607 | |
| Gross operating margin | 9900 | -€110,912 | €12,472 | +€123,384 | |
| Operating profit (loss) | 9901 | -€77,554 | €12,472 | +€90,025 | |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €1 | - | -€1 | |
| Recurring financial charges | 65 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | -€77,541 | €12,472 | +€90,013 | |
| Income taxes | 67/77 | -€2,217 | - | +€2,217 | |
| Profit (loss) for the period | 9904 | -€75,324 | €12,472 | +€87,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,324 | €12,472 | +€87,795 |
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 23 October 2026 via checked.be.