TEAM FORCE CONSTRUCT: 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.
TEAM FORCE CONSTRUCT
Largest movements
- Receivables within one year -€8,110
down €8,110 (-57.0%), from €14,218 to €6,108
of which Trade receivables: -€4,793
- Cash -€2,369
down €2,369 (-4.2%), from €57,070 to €54,701
mainly Net result for the year (-€9,330) and Debts after one year (-€4,500)
- Tangible fixed assets -€771
down €771 (-81.5%), from €946 to €175
- Profit (loss) carried forward -€9,330
down €9,330 (-34.6%), from €26,987 to €17,656
- Debts after one year -€4,500
down €4,500 (-60.0%), from €7,500 to €3,000
- Other debts +€4,500
up €4,500 (+900.0%), from €500 to €5,000
- Current portion of long-term debt -€2,443
no longer reported in 2023 (was €2,443)
- Short-term financial debts +€1,926
up €1,926 (+14.8%), from €12,975 to €14,901
- Financial charges +€4,775
up €4,775 (+211.0%), from €2,263 to €7,039
- Gross operating margin -€4,565
down €4,565 (-95.0%), from €4,806 to €241
- Taxes -€463
down €463 (-98.1%), from €472 to €9
- Other operating charges -€328
down €328 (-15.8%), from €2,080 to €1,752
- Staff costs -€49
no longer reported in 2023 (was €49)
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.
Cash bridge derived
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 | €72,233 | €60,984 | -€11,250 | -15.6% |
| Fixed assets | 21/28 | €946 | €175 | -€771 | -81.5% |
| Tangible fixed assets | 22/27 | €946 | €175 | -€771 | -81.5% |
| Furniture and vehicles | 24 | €946 | €175 | -€771 | -81.5% |
| Current assets | 29/58 | €71,288 | €60,809 | -€10,479 | -14.7% |
| Amounts receivable within one year | 40/41 | €14,218 | €6,108 | -€8,110 | -57.0% |
| Trade receivables | 40 | €6,800 | €2,007 | -€4,793 | -70.5% |
| Other amounts receivable | 41 | €7,418 | €4,101 | -€3,317 | -44.7% |
| Cash at bank and in hand | 54/58 | €57,070 | €54,701 | -€2,369 | -4.2% |
| Total equity and liabilities | 10/49 | €72,233 | €60,984 | -€11,250 | -15.6% |
| Equity | 10/15 | €44,254 | €34,924 | -€9,330 | -21.1% |
| Contributions | 10/11 | €16,100 | €16,100 | = | 0.0% |
| Reserves | 13 | €1,167 | €1,167 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,167 | €1,167 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,167 | €1,167 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,987 | €17,656 | -€9,330 | -34.6% |
| Amounts payable | 17/49 | €27,979 | €26,060 | -€1,919 | -6.9% |
| Amounts payable after more than one year | 17 | €7,500 | €3,000 | -€4,500 | -60.0% |
| Financial debts | 170/4 | €7,500 | €3,000 | -€4,500 | -60.0% |
| Amounts payable within one year | 42/48 | €20,479 | €23,060 | +€2,581 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €2,443 | - | -€2,443 | |
| Financial debts | 43 | €12,975 | €14,901 | +€1,926 | +14.8% |
| Credit institutions | 430/8 | €12,975 | €14,901 | +€1,926 | +14.8% |
| Trade debts | 44 | €1,454 | €51 | -€1,403 | -96.5% |
| Suppliers | 440/4 | €1,454 | €51 | -€1,403 | -96.5% |
| Taxes, remuneration and social security | 45 | €3,108 | €3,108 | = | 0.0% |
| Taxes | 450/3 | €3,108 | €3,108 | = | 0.0% |
| Other amounts payable | 47/48 | €500 | €5,000 | +€4,500 | +900.0% |
| Remuneration, social security and pensions | 62 | €49 | - | -€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €771 | €771 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,080 | €1,752 | -€328 | -15.8% |
| Gross operating margin | 9900 | €4,806 | €241 | -€4,565 | -95.0% |
| Operating profit (loss) | 9901 | €1,905 | -€2,282 | -€4,188 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -91.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -91.5% |
| Financial charges | 65/66B | €2,263 | €7,039 | +€4,775 | +211.0% |
| Recurring financial charges | 65 | €2,263 | €7,039 | +€4,775 | +211.0% |
| Profit (loss) for the period before taxes | 9903 | -€358 | -€9,321 | -€8,963 | -2505.5% |
| Income taxes | 67/77 | €472 | €9 | -€463 | -98.1% |
| Profit (loss) for the period | 9904 | -€830 | -€9,330 | -€8,500 | -1024.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€830 | -€9,330 | -€8,500 | -1024.0% |
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 11 October 2026 via checked.be.