THE RUBBISH PROJECT: what changed
THE RUBBISH PROJECT
Largest movements
- Receivables within one year -€8,638
down €8,638 (-34.4%), from €25,125 to €16,487
of which Trade receivables: -€7,100
- Cash -€6,011
down €6,011 (-84.4%), from €7,119 to €1,108
mainly Trade debts (-€6,694) and Net result for the year (-€6,084)
- Intangible fixed assets -€370
down €370 (-34.4%), from €1,074 to €704
- Trade debts -€6,694
down €6,694 (-50.3%), from €13,312 to €6,618
- Reserves -€6,084
down €6,084 (-81.2%), from €7,489 to €1,405
- Advances received -€4,000
no longer reported in 2023 (was €4,000)
- Tax, wage and social debts +€1,759
up €1,759 (+69.9%), from €2,518 to €4,277
- Gross operating margin -€6,648
down €6,648, from €1,662 to -€4,987
- Other operating charges -€316
down €316 (-91.0%), from €348 to €31
- Taxes -€81
down €81, from €79 to -€2
- Financial charges +€66
up €66 (+10.4%), from €633 to €699
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,318 | €18,300 | -€15,019 | -45.1% |
| Fixed assets | 21/28 | €1,074 | €704 | -€370 | -34.4% |
| Intangible fixed assets | 21 | €1,074 | €704 | -€370 | -34.4% |
| Current assets | 29/58 | €32,244 | €17,595 | -€14,649 | -45.4% |
| Amounts receivable within one year | 40/41 | €25,125 | €16,487 | -€8,638 | -34.4% |
| Trade receivables | 40 | €22,087 | €14,987 | -€7,100 | -32.1% |
| Other amounts receivable | 41 | €3,038 | €1,500 | -€1,538 | -50.6% |
| Cash at bank and in hand | 54/58 | €7,119 | €1,108 | -€6,011 | -84.4% |
| Total equity and liabilities | 10/49 | €33,318 | €18,300 | -€15,019 | -45.1% |
| Equity | 10/15 | €10,489 | €4,405 | -€6,084 | -58.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,489 | €1,405 | -€6,084 | -81.2% |
| Distributable reserves | 133 | €7,489 | €1,405 | -€6,084 | -81.2% |
| Amounts payable | 17/49 | €22,830 | €13,895 | -€8,935 | -39.1% |
| Amounts payable within one year | 42/48 | €22,830 | €13,895 | -€8,935 | -39.1% |
| Trade debts | 44 | €13,312 | €6,618 | -€6,694 | -50.3% |
| Suppliers | 440/4 | €13,312 | €6,618 | -€6,694 | -50.3% |
| Advances received on contracts in progress | 46 | €4,000 | - | -€4,000 | |
| Taxes, remuneration and social security | 45 | €2,518 | €4,277 | +€1,759 | +69.9% |
| Taxes | 450/3 | €2,518 | €4,277 | +€1,759 | +69.9% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | €370 | = | 0.0% |
| Other operating charges | 640/8 | €348 | €31 | -€316 | -91.0% |
| Gross operating margin | 9900 | €1,662 | -€4,987 | -€6,648 | |
| Operating profit (loss) | 9901 | €944 | -€5,388 | -€6,332 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €633 | €699 | +€66 | +10.4% |
| Recurring financial charges | 65 | €633 | €699 | +€66 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €311 | -€6,086 | -€6,397 | |
| Income taxes | 67/77 | €79 | -€2 | -€81 | |
| Profit (loss) for the period | 9904 | €232 | -€6,084 | -€6,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €232 | -€6,084 | -€6,316 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.