VO SELECT: 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.
VO SELECT
Largest movements
- Cash +€1,981
new in 2023: €1,981
mainly Net result for the year (+€17,373) and Trade debts (+€6,251)
- Receivables within one year +€759
up €759 (+4.7%), from €16,119 to €16,878
of which Other amounts receivable: +€2,883
- Tangible fixed assets +€446
up €446 (+16.8%), from €2,650 to €3,095
of which Furniture and vehicles: +€1,116
- Profit (loss) carried forward +€17,373
up €17,373 (+78.4%), from -€22,152 to -€4,778
- Tax, wage and social debts -€17,084
down €17,084 (-97.8%), from €17,463 to €379
of which Remuneration and social security: -€17,357
- Trade debts +€6,251
up €6,251 (+34.4%), from €18,176 to €24,427
- Short-term financial debts -€3,281
no longer reported in 2023 (was €3,281)
- Gross operating margin +€20,934
up €20,934, from -€2,452 to €18,481
- Staff costs -€17,004
down €17,004, from €15,710 to -€1,293
- Other operating charges -€2,872
down €2,872 (-69.8%), from €4,114 to €1,241
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 | €18,768 | €22,028 | +€3,260 | +17.4% |
| Fixed assets | 21/28 | €2,650 | €3,095 | +€446 | +16.8% |
| Tangible fixed assets | 22/27 | €2,650 | €3,095 | +€446 | +16.8% |
| Plant, machinery and equipment | 23 | €2,650 | €1,980 | -€670 | -25.3% |
| Furniture and vehicles | 24 | - | €1,116 | +€1,116 | |
| Current assets | 29/58 | €16,119 | €18,933 | +€2,814 | +17.5% |
| Amounts receivable within one year | 40/41 | €16,119 | €16,878 | +€759 | +4.7% |
| Trade receivables | 40 | €15,761 | €13,638 | -€2,124 | -13.5% |
| Other amounts receivable | 41 | €357 | €3,240 | +€2,883 | +806.8% |
| Cash at bank and in hand | 54/58 | - | €1,981 | +€1,981 | |
| Deferred charges and accrued income | 490/1 | - | €74 | +€74 | |
| Total equity and liabilities | 10/49 | €18,768 | €22,028 | +€3,260 | +17.4% |
| Equity | 10/15 | -€20,152 | -€2,778 | +€17,373 | +86.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,152 | -€4,778 | +€17,373 | +78.4% |
| Amounts payable | 17/49 | €38,920 | €24,806 | -€14,114 | -36.3% |
| Amounts payable within one year | 42/48 | €38,920 | €24,806 | -€14,114 | -36.3% |
| Financial debts | 43 | €3,281 | - | -€3,281 | |
| Credit institutions | 430/8 | €3,281 | - | -€3,281 | |
| Trade debts | 44 | €18,176 | €24,427 | +€6,251 | +34.4% |
| Suppliers | 440/4 | €18,176 | €24,427 | +€6,251 | +34.4% |
| Taxes, remuneration and social security | 45 | €17,463 | €379 | -€17,084 | -97.8% |
| Taxes | 450/3 | €106 | €379 | +€273 | +257.6% |
| Remuneration and social security | 454/9 | €17,357 | - | -€17,357 | |
| Remuneration, social security and pensions | 62 | €15,710 | -€1,293 | -€17,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €794 | +€124 | +18.5% |
| Other operating charges | 640/8 | €4,114 | €1,241 | -€2,872 | -69.8% |
| Gross operating margin | 9900 | -€2,452 | €18,481 | +€20,934 | |
| Operating profit (loss) | 9901 | -€22,946 | €17,739 | +€40,685 | |
| Financial income | 75/76B | €254 | €86 | -€168 | -66.3% |
| Recurring financial income | 75 | €254 | €86 | -€168 | -66.3% |
| Financial charges | 65/66B | €524 | €452 | -€72 | -13.8% |
| Recurring financial charges | 65 | €524 | €452 | -€72 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,216 | €17,373 | +€40,589 | |
| Profit (loss) for the period | 9904 | -€23,216 | €17,373 | +€40,589 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,216 | €17,373 | +€40,589 |
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 4 October 2026 via checked.be.