THE LORD: 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.
THE LORD
Largest movements
- Receivables within one year +€67,693
up €67,693 (+466%), from €14,524 to €82,217
- Debts within one year +€67,335
up €67,335 (+181%), from €37,266 to €104,601
of which Tax, wage and social debts: +€92,735
- Gross operating margin +€122,385
up €122,385, from -€23,623 to €98,762
- Taxes +€106,521
new in 2023: €106,521
- Depreciation -€1,660
no longer reported in 2023 (was €1,660)
- Other operating charges +€1,389
new in 2023: €1,389
From the 2021 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,590 | €209,615 | +€68,025 | +48.0% |
| Fixed assets | 21/28 | €121,755 | €120,095 | -€1,660 | -1.4% |
| Tangible fixed assets | 22/27 | €121,755 | €120,095 | -€1,660 | -1.4% |
| Land and buildings | 22 | - | €106,945 | +€106,945 | |
| Plant, machinery and equipment | 23 | - | €13,150 | +€13,150 | |
| Current assets | 29/58 | €19,835 | €89,520 | +€69,685 | +351% |
| Amounts receivable within one year | 40/41 | €14,524 | €82,217 | +€67,693 | +466% |
| Other amounts receivable | 41 | - | €82,217 | +€82,217 | |
| Cash at bank and in hand | 54/58 | €5,311 | €7,304 | +€1,992 | +37.5% |
| Total equity and liabilities | 10/49 | €141,590 | €209,615 | +€68,025 | +48.0% |
| Equity | 10/15 | €104,325 | €105,015 | +€690 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | €91,925 | €92,615 | +€690 | +0.8% |
| Amounts payable | 17/49 | €37,266 | €104,601 | +€67,335 | +181% |
| Amounts payable within one year | 42/48 | €37,266 | €104,601 | +€67,335 | +181% |
| Trade debts | 44 | €16,887 | €11,866 | -€5,021 | -29.7% |
| Suppliers | 440/4 | - | €11,866 | +€11,866 | |
| Taxes, remuneration and social security | 45 | - | €92,735 | +€92,735 | |
| Taxes | 450/3 | - | €92,735 | +€92,735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,660 | - | -€1,660 | |
| Other operating charges | 640/8 | - | €1,389 | +€1,389 | |
| Gross operating margin | 9900 | -€23,623 | €98,762 | +€122,385 | |
| Operating profit (loss) | 9901 | -€25,987 | €97,373 | +€123,359 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | - | €295 | +€295 | |
| Recurring financial charges | 65 | €131 | €295 | +€164 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€26,089 | €97,077 | +€123,166 | |
| Income taxes | 67/77 | - | €106,521 | +€106,521 | |
| Profit (loss) for the period | 9904 | -€26,089 | -€9,444 | +€16,645 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,089 | -€9,444 | +€16,645 | +63.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2021 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.