TIE - BREAK: what changed
Two fiscal 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.
TIE - BREAK
Largest movements
- Cash +€43,690
up €43,690 (+47.8%), from €91,491 to €135,181
mainly Net result for the year (+€43,975) and Receivables within one year (+€7,801)
- Receivables within one year -€7,801
down €7,801 (-29.0%), from €26,940 to €19,139
of which Other amounts receivable: -€9,376
- Tangible fixed assets -€7,265
down €7,265 (-1.4%), from €503,648 to €496,384
of which Land and buildings: -€7,044
- Reserves +€43,975
up €43,975 (+11.0%), from €398,596 to €442,571
of which Distributable reserves: +€43,975
- Debts after one year -€12,534
no longer reported in 2023 (was €12,534)
- Current portion of long-term debt -€8,758
down €8,758 (-41.1%), from €21,292 to €12,534
- Tax, wage and social debts +€7,692
up €7,692 (+53.9%), from €14,268 to €21,961
of which Taxes: +€11,969
- Gross operating margin +€48,890
up €48,890 (+53.4%), from €91,607 to €140,497
- Staff costs +€22,219
up €22,219 (+66.4%), from €33,482 to €55,701
- Taxes +€9,393
up €9,393 (+66.9%), from €14,033 to €23,427
- Depreciation -€1,456
down €1,456 (-16.7%), from €8,721 to €7,265
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.
Cash bridge derived
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 | €653,137 | €682,360 | +€29,223 | +4.5% |
| Fixed assets | 21/28 | €530,377 | €523,112 | -€7,265 | -1.4% |
| Tangible fixed assets | 22/27 | €503,648 | €496,384 | -€7,265 | -1.4% |
| Land and buildings | 22 | €422,908 | €415,864 | -€7,044 | -1.7% |
| Furniture and vehicles | 24 | €80,740 | €80,519 | -€221 | -0.3% |
| Financial fixed assets | 28 | €26,729 | €26,729 | = | 0.0% |
| Current assets | 29/58 | €122,760 | €159,248 | +€36,488 | +29.7% |
| Amounts receivable within one year | 40/41 | €26,940 | €19,139 | -€7,801 | -29.0% |
| Trade receivables | 40 | €16,940 | €18,515 | +€1,575 | +9.3% |
| Other amounts receivable | 41 | €10,000 | €624 | -€9,376 | -93.8% |
| Cash at bank and in hand | 54/58 | €91,491 | €135,181 | +€43,690 | +47.8% |
| Deferred charges and accrued income | 490/1 | €4,329 | €4,928 | +€599 | +13.8% |
| Total equity and liabilities | 10/49 | €653,137 | €682,360 | +€29,223 | +4.5% |
| Equity | 10/15 | €603,677 | €647,652 | +€43,975 | +7.3% |
| Contributions | 10/11 | €205,082 | €205,082 | = | 0.0% |
| Capital | 10 | €205,082 | €205,082 | = | 0.0% |
| Issued capital | 100 | €205,082 | €205,082 | = | 0.0% |
| Reserves | 13 | €398,596 | €442,571 | +€43,975 | +11.0% |
| Non-distributable reserves | 130/1 | €20,508 | €20,508 | = | 0.0% |
| Legal reserve | 130 | €20,508 | €20,508 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,181 | €1,181 | = | 0.0% |
| Distributable reserves | 133 | €376,906 | €420,882 | +€43,975 | +11.7% |
| Amounts payable | 17/49 | €49,460 | €34,708 | -€14,752 | -29.8% |
| Amounts payable after more than one year | 17 | €12,534 | - | -€12,534 | |
| Financial debts | 170/4 | €12,534 | - | -€12,534 | |
| Amounts payable within one year | 42/48 | €36,779 | €34,588 | -€2,190 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €21,292 | €12,534 | -€8,758 | -41.1% |
| Trade debts | 44 | €872 | €94 | -€778 | -89.2% |
| Suppliers | 440/4 | €872 | €94 | -€778 | -89.2% |
| Taxes, remuneration and social security | 45 | €14,268 | €21,961 | +€7,692 | +53.9% |
| Taxes | 450/3 | €9,991 | €21,961 | +€11,969 | +119.8% |
| Remuneration and social security | 454/9 | €4,277 | - | -€4,277 | |
| Other amounts payable | 47/48 | €346 | - | -€346 | |
| Accrued charges and deferred income | 492/3 | €147 | €120 | -€27 | -18.6% |
| Remuneration, social security and pensions | 62 | €33,482 | €55,701 | +€22,219 | +66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,721 | €7,265 | -€1,456 | -16.7% |
| Other operating charges | 640/8 | €8,993 | €9,592 | +€599 | +6.7% |
| Gross operating margin | 9900 | €91,607 | €140,497 | +€48,890 | +53.4% |
| Operating profit (loss) | 9901 | €40,411 | €67,939 | +€27,527 | +68.1% |
| Financial income | 75/76B | €71 | €2 | -€69 | -97.6% |
| Recurring financial income | 75 | €71 | €2 | -€69 | -97.6% |
| Financial charges | 65/66B | €657 | €539 | -€118 | -18.0% |
| Recurring financial charges | 65 | €657 | €539 | -€118 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €39,826 | €67,402 | +€27,576 | +69.2% |
| Income taxes | 67/77 | €14,033 | €23,427 | +€9,393 | +66.9% |
| Profit (loss) for the period | 9904 | €25,792 | €43,975 | +€18,183 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,792 | €43,975 | +€18,183 | +70.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.