THE RIGHT TWIN: 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 RIGHT TWIN
Largest movements
- Tangible fixed assets +€3.0m
up €3.0m (+32.4%), from €9.4m to €12.5m
of which Assets under construction and advance payments: +€6.6m
- Contributions +€2.5m
up €2.5m (+200%), from €1.3m to €3.8m
- Trade debts +€691,429
up €691,429 (+199%), from €348,190 to €1.0m
- Profit (loss) carried forward -€473,905
down €473,905 (-25.3%), from -€1.9m to -€2.3m
- Debts after one year +€329,640
up €329,640 (+3.4%), from €9.7m to €10.0m
- Gross operating margin +€536,702
up €536,702, from -€394,701 to €142,001
- Other operating charges +€197,030
up €197,030 (+47.1%), from €418,257 to €615,287
- Depreciation -€124,752
down €124,752 (-100%), from €124,752 to €0
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 | €9,485,620 | €12,515,650 | +€3.0m | +31.9% |
| Fixed assets | 21/28 | €9,415,297 | €12,462,252 | +€3.0m | +32.4% |
| Tangible fixed assets | 22/27 | €9,415,297 | €12,462,252 | +€3.0m | +32.4% |
| Land and buildings | 22 | €8,065,584 | €4,510,826 | -€3.6m | -44.1% |
| Assets under construction and advance payments | 27 | €1,349,713 | €7,951,426 | +€6.6m | +489% |
| Current assets | 29/58 | €70,323 | €53,398 | -€16,925 | -24.1% |
| Amounts receivable within one year | 40/41 | €20,175 | €5,946 | -€14,229 | -70.5% |
| Trade receivables | 40 | €20,175 | €5,946 | -€14,229 | -70.5% |
| Cash at bank and in hand | 54/58 | €25,915 | €9,670 | -€16,245 | -62.7% |
| Deferred charges and accrued income | 490/1 | €24,233 | €37,782 | +€13,549 | +55.9% |
| Total equity and liabilities | 10/49 | €9,485,620 | €12,515,650 | +€3.0m | +31.9% |
| Equity | 10/15 | -€619,614 | €1,406,481 | +€2.0m | |
| Contributions | 10/11 | €1,250,000 | €3,750,000 | +€2.5m | +200% |
| Capital | 10 | €1,250,000 | €3,750,000 | +€2.5m | +200% |
| Issued capital | 100 | €1,250,000 | €3,750,000 | +€2.5m | +200% |
| Profit (loss) carried forward | 14 | -€1,869,614 | -€2,343,519 | -€473,905 | -25.3% |
| Amounts payable | 17/49 | €10,105,234 | €11,109,169 | +€1.0m | +9.9% |
| Amounts payable after more than one year | 17 | €9,689,000 | €10,018,640 | +€329,640 | +3.4% |
| Financial debts | 170/4 | €9,689,000 | €10,018,640 | +€329,640 | +3.4% |
| Amounts payable within one year | 42/48 | €348,190 | €1,039,620 | +€691,429 | +199% |
| Trade debts | 44 | €348,190 | €1,039,620 | +€691,429 | +199% |
| Suppliers | 440/4 | €348,190 | €1,039,620 | +€691,429 | +199% |
| Accrued charges and deferred income | 492/3 | €68,044 | €50,910 | -€17,134 | -25.2% |
| Non-recurring operating income | 76A | - | €328,118 | +€328,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,752 | €0 | -€124,752 | -100% |
| Other operating charges | 640/8 | €418,257 | €615,287 | +€197,030 | +47.1% |
| Gross operating margin | 9900 | -€394,701 | €142,001 | +€536,702 | |
| Operating profit (loss) | 9901 | -€937,711 | -€473,286 | +€464,425 | +49.5% |
| Financial income | 75/76B | €13 | €0 | -€13 | -96.4% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -96.4% |
| Financial charges | 65/66B | €501 | €620 | +€119 | +23.8% |
| Recurring financial charges | 65 | €501 | €620 | +€119 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€938,198 | -€473,905 | +€464,293 | +49.5% |
| Profit (loss) for the period | 9904 | -€938,198 | -€473,905 | +€464,293 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€938,198 | -€473,905 | +€464,293 | +49.5% |
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 27 October 2026 via checked.be.