Thevestco: 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.
Thevestco
Largest movements
- Tangible fixed assets -€32,487
down €32,487 (-38.3%), from €84,835 to €52,348
- Receivables within one year +€28,010
new in 2023: €28,010
- Cash +€3,445
up €3,445 (+25.9%), from €13,319 to €16,764
- Debts after one year -€81,902
no longer reported in 2023 (was €81,902)
- Other debts +€66,958
up €66,958 (+173%), from €38,594 to €105,552
- Profit (loss) carried forward +€13,911
up €13,911 (+4.4%), from -€312,704 to -€298,793
- Gross operating margin +€13,910
up €13,910 (+66.5%), from €20,909 to €34,819
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 | €98,575 | €97,543 | -€1,032 | -1.0% |
| Fixed assets | 21/28 | €85,256 | €52,769 | -€32,487 | -38.1% |
| Tangible fixed assets | 22/27 | €84,835 | €52,348 | -€32,487 | -38.3% |
| Land and buildings | 22 | €84,835 | €52,348 | -€32,487 | -38.3% |
| Financial fixed assets | 28 | €421 | €421 | -€0 | -0.1% |
| Current assets | 29/58 | €13,319 | €44,774 | +€31,455 | +236% |
| Amounts receivable within one year | 40/41 | - | €28,010 | +€28,010 | |
| Trade receivables | 40 | - | €28,010 | +€28,010 | |
| Cash at bank and in hand | 54/58 | €13,319 | €16,764 | +€3,445 | +25.9% |
| Total equity and liabilities | 10/49 | €98,575 | €97,543 | -€1,032 | -1.0% |
| Equity | 10/15 | -€22,342 | -€8,430 | +€13,912 | +62.3% |
| Contributions | 10/11 | €225,583 | €225,583 | -€0 | 0.0% |
| Capital | 10 | €225,583 | €225,583 | -€0 | 0.0% |
| Issued capital | 100 | €225,583 | €225,583 | -€0 | 0.0% |
| Reserves | 13 | €64,779 | €64,780 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €5,064 | €5,064 | +€1 | 0.0% |
| Legal reserve | 130 | €5,064 | €5,064 | +€1 | 0.0% |
| Distributable reserves | 133 | €59,716 | €59,716 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€312,704 | -€298,793 | +€13,911 | +4.4% |
| Amounts payable | 17/49 | €120,917 | €105,973 | -€14,944 | -12.4% |
| Amounts payable after more than one year | 17 | €81,902 | - | -€81,902 | |
| Financial debts | 170/4 | €81,902 | - | -€81,902 | |
| Amounts payable within one year | 42/48 | €39,015 | €105,973 | +€66,958 | +172% |
| Trade debts | 44 | €421 | €421 | -€0 | -0.1% |
| Suppliers | 440/4 | €421 | €421 | -€0 | -0.1% |
| Other amounts payable | 47/48 | €38,594 | €105,552 | +€66,958 | +173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,249 | €16,243 | -€6 | 0.0% |
| Other operating charges | 640/8 | €2,456 | €2,692 | +€236 | +9.6% |
| Gross operating margin | 9900 | €20,909 | €34,819 | +€13,910 | +66.5% |
| Operating profit (loss) | 9901 | €2,204 | €15,884 | +€13,680 | +621% |
| Financial charges | 65/66B | €338 | €324 | -€14 | -4.2% |
| Recurring financial charges | 65 | €338 | €324 | -€14 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €1,866 | €15,560 | +€13,694 | +734% |
| Profit (loss) for the period | 9904 | €1,866 | €15,560 | +€13,694 | +734% |
| Profit (loss) for the period to be appropriated | 9905 | €1,866 | €15,560 | +€13,694 | +734% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 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.