THUDEL1410: 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.
THUDEL1410
Largest movements
- Tangible fixed assets +€112,203
up €112,203 (+95.1%), from €118,039 to €230,242
of which Other tangible fixed assets: +€62,178
- Receivables within one year +€74,963
up €74,963 (+61.5%), from €121,852 to €196,815
- Cash -€19,391
down €19,391 (-32.0%), from €60,673 to €41,282
mainly Investment in fixed assets (net) (-€150,351) and Receivables within one year (-€74,963)
- Stocks and contracts -€13,712
down €13,712 (-16.6%), from €82,493 to €68,780
- Trade debts +€168,566
up €168,566 (+542.5%), from €31,071 to €199,637
- Debts after one year -€63,710
down €63,710 (-44.1%), from €144,501 to €80,791
- Tax, wage and social debts +€22,785
up €22,785 (+34.0%), from €66,963 to €89,748
of which Remuneration and social security: +€33,853
- Other debts +€11,478
up €11,478 (+311.4%), from €3,686 to €15,165
- Current portion of long-term debt +€9,638
up €9,638 (+20.4%), from €47,161 to €56,799
- Turnover +€3.5m
new in 2022: €3.5m
- Gross operating margin -€51,419
down €51,419 (-11.5%), from €445,893 to €394,474
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,652 | €546,715 | +€154,063 | +39.2% |
| Fixed assets | 21/28 | €127,634 | €239,837 | +€112,203 | +87.9% |
| Tangible fixed assets | 22/27 | €118,039 | €230,242 | +€112,203 | +95.1% |
| Plant, machinery and equipment | 23 | €23,277 | €70,062 | +€46,785 | +201.0% |
| Furniture and vehicles | 24 | €39,400 | €25,612 | -€13,788 | -35.0% |
| Other tangible fixed assets | 26 | €55,362 | €117,540 | +€62,178 | +112.3% |
| Assets under construction and advance payments | 27 | - | €17,028 | +€17,028 | |
| Financial fixed assets | 28 | €9,595 | €9,595 | = | 0.0% |
| Current assets | 29/58 | €265,018 | €306,878 | +€41,860 | +15.8% |
| Stocks and contracts in progress | 3 | €82,493 | €68,780 | -€13,712 | -16.6% |
| Stocks | 30/36 | €82,493 | €68,780 | -€13,712 | -16.6% |
| Amounts receivable within one year | 40/41 | €121,852 | €196,815 | +€74,963 | +61.5% |
| Other amounts receivable | 41 | €121,852 | €196,815 | +€74,963 | +61.5% |
| Cash at bank and in hand | 54/58 | €60,673 | €41,282 | -€19,391 | -32.0% |
| Total equity and liabilities | 10/49 | €392,652 | €546,715 | +€154,063 | +39.2% |
| Equity | 10/15 | €99,270 | €104,575 | +€5,305 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,810 | €84,115 | +€5,305 | +6.7% |
| Amounts payable | 17/49 | €293,382 | €442,140 | +€148,758 | +50.7% |
| Amounts payable after more than one year | 17 | €144,501 | €80,791 | -€63,710 | -44.1% |
| Financial debts | 170/4 | €144,501 | €80,791 | -€63,710 | -44.1% |
| Amounts payable within one year | 42/48 | €148,881 | €361,349 | +€212,468 | +142.7% |
| Current portion of amounts payable after more than one year | 42 | €47,161 | €56,799 | +€9,638 | +20.4% |
| Trade debts | 44 | €31,071 | €199,637 | +€168,566 | +542.5% |
| Suppliers | 440/4 | €31,071 | €199,637 | +€168,566 | +542.5% |
| Taxes, remuneration and social security | 45 | €66,963 | €89,748 | +€22,785 | +34.0% |
| Taxes | 450/3 | €32,980 | €21,911 | -€11,068 | -33.6% |
| Remuneration and social security | 454/9 | €33,983 | €67,837 | +€33,853 | +99.6% |
| Other amounts payable | 47/48 | €3,686 | €15,165 | +€11,478 | +311.4% |
| Turnover | 70 | - | €3,470,263 | +€3.5m | |
| Non-recurring operating income | 76A | - | €9,316 | +€9,316 | |
| Remuneration, social security and pensions | 62 | €309,763 | €295,362 | -€14,401 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,621 | €38,148 | +€528 | +1.4% |
| Other operating charges | 640/8 | €3,853 | €6,514 | +€2,661 | +69.1% |
| Non-recurring operating charges | 66A | - | €19,574 | +€19,574 | |
| Gross operating margin | 9900 | €445,893 | €394,474 | -€51,419 | -11.5% |
| Operating profit (loss) | 9901 | €94,657 | €34,875 | -€59,781 | -63.2% |
| Financial income | 75/76B | €159 | €134 | -€24 | -15.4% |
| Recurring financial income | 75 | €159 | €134 | -€24 | -15.4% |
| Financial charges | 65/66B | €22,068 | €29,705 | +€7,637 | +34.6% |
| Recurring financial charges | 65 | €22,068 | €29,705 | +€7,637 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €72,747 | €5,305 | -€67,443 | -92.7% |
| Income taxes | 67/77 | €16,871 | - | -€16,871 | |
| Profit (loss) for the period | 9904 | €55,876 | €5,305 | -€50,571 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,876 | €5,305 | -€50,571 | -90.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.