VISCOBEL: 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.
VISCOBEL
Largest movements
- Receivables within one year +€126,686
up €126,686 (+27.9%), from €454,819 to €581,505
of which Trade receivables: +€121,558
- Tangible fixed assets +€53,066
up €53,066 (+85.4%), from €62,150 to €115,216
of which Furniture and vehicles: +€56,129
- Intangible fixed assets -€42,770
down €42,770 (-33.3%), from €128,310 to €85,540
- Stocks and contracts -€33,208
down €33,208 (-20.1%), from €165,286 to €132,078
- Profit (loss) carried forward +€70,680
up €70,680 (+27.7%), from €255,428 to €326,108
- Trade debts +€49,632
up €49,632 (+6.3%), from €784,186 to €833,818
- Advances received -€17,000
no longer reported in 2022 (was €17,000)
- Debts after one year -€15,345
down €15,345 (-11.9%), from €129,390 to €114,045
- Write-downs -€103,806
down €103,806 (-76.8%), from €135,219 to €31,413
- Gross operating margin +€39,215
up €39,215 (+8.5%), from €461,127 to €500,342
- Depreciation +€18,899
up €18,899 (+27.9%), from €67,798 to €86,697
- Taxes +€17,557
up €17,557 (+51.7%), from €33,948 to €51,505
- Staff costs +€6,767
up €6,767 (+5.9%), from €115,270 to €122,038
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 | €1,424,934 | €1,530,116 | +€105,182 | +7.4% |
| Fixed assets | 21/28 | €192,460 | €202,756 | +€10,296 | +5.3% |
| Intangible fixed assets | 21 | €128,310 | €85,540 | -€42,770 | -33.3% |
| Tangible fixed assets | 22/27 | €62,150 | €115,216 | +€53,066 | +85.4% |
| Plant, machinery and equipment | 23 | €9,188 | €7,875 | -€1,313 | -14.3% |
| Furniture and vehicles | 24 | €47,713 | €103,841 | +€56,129 | +117.6% |
| Other tangible fixed assets | 26 | €5,250 | €3,500 | -€1,750 | -33.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,232,474 | €1,327,360 | +€94,886 | +7.7% |
| Stocks and contracts in progress | 3 | €165,286 | €132,078 | -€33,208 | -20.1% |
| Stocks | 30/36 | €165,286 | €132,078 | -€33,208 | -20.1% |
| Amounts receivable within one year | 40/41 | €454,819 | €581,505 | +€126,686 | +27.9% |
| Trade receivables | 40 | €447,817 | €569,375 | +€121,558 | +27.1% |
| Other amounts receivable | 41 | €7,002 | €12,129 | +€5,128 | +73.2% |
| Cash at bank and in hand | 54/58 | €610,831 | €611,056 | +€225 | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,538 | €2,721 | +€1,183 | +76.9% |
| Total equity and liabilities | 10/49 | €1,424,934 | €1,530,116 | +€105,182 | +7.4% |
| Equity | 10/15 | €338,931 | €409,611 | +€70,680 | +20.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €21,503 | €21,503 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €15,303 | €15,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,428 | €326,108 | +€70,680 | +27.7% |
| Amounts payable | 17/49 | €1,086,004 | €1,120,505 | +€34,502 | +3.2% |
| Amounts payable after more than one year | 17 | €129,390 | €114,045 | -€15,345 | -11.9% |
| Financial debts | 170/4 | €129,390 | €114,045 | -€15,345 | -11.9% |
| Amounts payable within one year | 42/48 | €956,613 | €1,006,460 | +€49,847 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €41,066 | €43,667 | +€2,601 | +6.3% |
| Financial debts | 43 | €8,042 | €8,038 | -€4 | -0.1% |
| Other loans | 439 | €8,042 | €8,038 | -€4 | -0.1% |
| Trade debts | 44 | €784,186 | €833,818 | +€49,632 | +6.3% |
| Suppliers | 440/4 | €784,186 | €833,818 | +€49,632 | +6.3% |
| Advances received on contracts in progress | 46 | €17,000 | - | -€17,000 | |
| Taxes, remuneration and social security | 45 | €43,280 | €57,897 | +€14,617 | +33.8% |
| Taxes | 450/3 | €27,251 | €43,431 | +€16,179 | +59.4% |
| Remuneration and social security | 454/9 | €16,029 | €14,467 | -€1,562 | -9.7% |
| Other amounts payable | 47/48 | €63,039 | €63,039 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €115,270 | €122,038 | +€6,767 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,798 | €86,697 | +€18,899 | +27.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €135,219 | €31,413 | -€103,806 | -76.8% |
| Other operating charges | 640/8 | €3,685 | €2,902 | -€782 | -21.2% |
| Non-recurring operating charges | 66A | €49 | - | -€49 | |
| Gross operating margin | 9900 | €461,127 | €500,342 | +€39,215 | +8.5% |
| Operating profit (loss) | 9901 | €139,106 | €257,292 | +€118,186 | +85.0% |
| Financial income | 75/76B | €792 | €756 | -€36 | -4.6% |
| Recurring financial income | 75 | €61 | €3 | -€58 | -95.9% |
| Non-recurring financial income | 76B | €731 | €753 | +€22 | +3.0% |
| Financial charges | 65/66B | €13,638 | €15,863 | +€2,225 | +16.3% |
| Recurring financial charges | 65 | €13,638 | €15,863 | +€2,225 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €126,261 | €242,185 | +€115,924 | +91.8% |
| Income taxes | 67/77 | €33,948 | €51,505 | +€17,557 | +51.7% |
| Profit (loss) for the period | 9904 | €92,313 | €190,680 | +€98,368 | +106.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,313 | €190,680 | +€98,368 | +106.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.