V. TWENTY ONE: 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.
V. TWENTY ONE
Largest movements
- Stocks and contracts +€49,610
up €49,610 (+905%), from €5,480 to €55,090
- Cash -€39,072
down €39,072 (-79.0%), from €49,432 to €10,360
mainly Stocks and contracts (-€49,610) and Receivables within one year (-€6,657)
- Receivables within one year +€6,657
up €6,657, from €0 to €6,657
of which Trade receivables: +€6,657
- Tangible fixed assets -€1,021
down €1,021 (-35.3%), from €2,891 to €1,870
- Profit (loss) carried forward +€18,748
up €18,748 (+43,682%), from €43 to €18,791
- Other debts -€5,576
down €5,576 (-13.6%), from €40,954 to €35,378
- Tax, wage and social debts +€3,002
up €3,002 (+22.5%), from €13,356 to €16,358
of which Taxes: +€3,002
- Gross operating margin +€13,328
up €13,328 (+122%), from €10,900 to €24,228
- Purchases and services +€8,775
up €8,775 (+5.3%), from €165,811 to €174,586
- Taxes +€3,758
new in 2023: €3,758
- Financial charges -€1,004
down €1,004 (-65.8%), from €1,525 to €522
- Staff costs +€334
new in 2023: €334
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 | €57,803 | €73,977 | +€16,173 | +28.0% |
| Fixed assets | 21/28 | €2,891 | €1,870 | -€1,021 | -35.3% |
| Tangible fixed assets | 22/27 | €2,891 | €1,870 | -€1,021 | -35.3% |
| Plant, machinery and equipment | 23 | €2,891 | €1,870 | -€1,021 | -35.3% |
| Current assets | 29/58 | €54,912 | €72,107 | +€17,194 | +31.3% |
| Stocks and contracts in progress | 3 | €5,480 | €55,090 | +€49,610 | +905% |
| Stocks | 30/36 | €5,480 | €55,090 | +€49,610 | +905% |
| Amounts receivable within one year | 40/41 | €0 | €6,657 | +€6,657 | |
| Trade receivables | 40 | €0 | €6,657 | +€6,657 | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €49,432 | €10,360 | -€39,072 | -79.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €57,803 | €73,977 | +€16,173 | +28.0% |
| Equity | 10/15 | €3,043 | €21,791 | +€18,748 | +616% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43 | €18,791 | +€18,748 | +43,682% |
| Amounts payable | 17/49 | €54,760 | €52,185 | -€2,575 | -4.7% |
| Amounts payable within one year | 42/48 | €54,760 | €52,185 | -€2,575 | -4.7% |
| Trade debts | 44 | €450 | €450 | = | 0.0% |
| Suppliers | 440/4 | €450 | €450 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,356 | €16,358 | +€3,002 | +22.5% |
| Taxes | 450/3 | €13,356 | €16,358 | +€3,002 | +22.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €40,954 | €35,378 | -€5,576 | -13.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €165,811 | €174,586 | +€8,775 | +5.3% |
| Remuneration, social security and pensions | 62 | - | €334 | +€334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,021 | €1,021 | = | 0.0% |
| Other operating charges | 640/8 | €322 | €144 | -€178 | -55.4% |
| Gross operating margin | 9900 | €10,900 | €24,228 | +€13,328 | +122% |
| Operating profit (loss) | 9901 | €9,557 | €22,730 | +€13,173 | +138% |
| Financial income | 75/76B | €0 | €298 | +€298 | |
| Recurring financial income | 75 | €0 | €298 | +€298 | |
| Financial charges | 65/66B | €1,525 | €522 | -€1,004 | -65.8% |
| Recurring financial charges | 65 | €1,525 | €522 | -€1,004 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €8,032 | €22,507 | +€14,474 | +180% |
| Income taxes | 67/77 | - | €3,758 | +€3,758 | |
| Profit (loss) for the period | 9904 | €8,032 | €18,748 | +€10,716 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €8,032 | €18,748 | +€10,716 | +133% |
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 17 October 2026 via checked.be.