Tangible: 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.
Tangible
Largest movements
- Receivables within one year -€20,429
down €20,429 (-88.4%), from €23,100 to €2,671
- Tangible fixed assets -€11,381
down €11,381 (-31.0%), from €36,670 to €25,289
of which Plant, machinery and equipment: -€5,956
- Cash -€6,403
down €6,403 (-20.7%), from €30,902 to €24,499
mainly Net result for the year (-€18,772) and Trade debts (-€14,497)
- Deferred charges and accrued income -€1,379
down €1,379 (-50.6%), from €2,727 to €1,348
- Profit (loss) carried forward -€18,772
down €18,772 (-22.9%), from -€82,100 to -€100,872
- Trade debts -€14,497
down €14,497 (-93.3%), from €15,531 to €1,035
- Other debts -€10,327
down €10,327 (-9.4%), from €110,243 to €99,917
- Tax, wage and social debts +€3,903
up €3,903 (+187.8%), from €2,078 to €5,982
- Gross operating margin +€18,821
up €18,821 (+77.0%), from -€24,456 to -€5,635
- Depreciation -€516
down €516 (-5.4%), from €9,528 to €9,012
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.
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,549 | €57,857 | -€39,692 | -40.7% |
| Fixed assets | 21/28 | €40,820 | €29,339 | -€11,481 | -28.1% |
| Tangible fixed assets | 22/27 | €36,670 | €25,289 | -€11,381 | -31.0% |
| Plant, machinery and equipment | 23 | €11,481 | €5,525 | -€5,956 | -51.9% |
| Furniture and vehicles | 24 | €8,209 | €5,210 | -€2,999 | -36.5% |
| Other tangible fixed assets | 26 | €16,980 | €14,554 | -€2,426 | -14.3% |
| Financial fixed assets | 28 | €4,150 | €4,050 | -€100 | -2.4% |
| Current assets | 29/58 | €56,729 | €28,518 | -€28,211 | -49.7% |
| Amounts receivable within one year | 40/41 | €23,100 | €2,671 | -€20,429 | -88.4% |
| Trade receivables | 40 | €23,100 | €2,671 | -€20,429 | -88.4% |
| Cash at bank and in hand | 54/58 | €30,902 | €24,499 | -€6,403 | -20.7% |
| Deferred charges and accrued income | 490/1 | €2,727 | €1,348 | -€1,379 | -50.6% |
| Total equity and liabilities | 10/49 | €97,549 | €57,857 | -€39,692 | -40.7% |
| Equity | 10/15 | -€30,304 | -€49,076 | -€18,772 | -61.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,396 | €39,396 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,536 | €37,536 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,100 | -€100,872 | -€18,772 | -22.9% |
| Amounts payable | 17/49 | €127,853 | €106,933 | -€20,920 | -16.4% |
| Amounts payable within one year | 42/48 | €127,853 | €106,933 | -€20,920 | -16.4% |
| Trade debts | 44 | €15,531 | €1,035 | -€14,497 | -93.3% |
| Suppliers | 440/4 | €15,531 | €1,035 | -€14,497 | -93.3% |
| Taxes, remuneration and social security | 45 | €2,078 | €5,982 | +€3,903 | +187.8% |
| Taxes | 450/3 | €2,078 | €5,982 | +€3,903 | +187.8% |
| Other amounts payable | 47/48 | €110,243 | €99,917 | -€10,327 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,528 | €9,012 | -€516 | -5.4% |
| Other operating charges | 640/8 | €3,098 | €3,046 | -€52 | -1.7% |
| Non-recurring operating charges | 66A | - | €831 | +€831 | |
| Gross operating margin | 9900 | -€24,456 | -€5,635 | +€18,821 | +77.0% |
| Operating profit (loss) | 9901 | -€37,083 | -€18,525 | +€18,558 | +50.0% |
| Financial income | 75/76B | €183 | €29 | -€154 | -84.1% |
| Recurring financial income | 75 | €183 | €29 | -€154 | -84.1% |
| Financial charges | 65/66B | €179 | €225 | +€46 | +25.5% |
| Recurring financial charges | 65 | €179 | €225 | +€46 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | -€37,079 | -€18,720 | +€18,359 | +49.5% |
| Income taxes | 67/77 | €69 | €52 | -€17 | -24.6% |
| Profit (loss) for the period | 9904 | -€37,148 | -€18,772 | +€18,375 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,148 | -€18,772 | +€18,375 | +49.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.