XAVIER MAIRESSE: 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.
XAVIER MAIRESSE
Largest movements
- Receivables within one year +€59,076
up €59,076 (+1,280%), from €4,616 to €63,692
of which Trade receivables: +€60,007
- Cash -€33,388
down €33,388 (-58.8%), from €56,814 to €23,426
mainly Receivables within one year (-€59,076) and Investment in fixed assets (net) (-€6,909)
- Tangible fixed assets -€12,348
down €12,348 (-4.6%), from €270,360 to €258,012
of which Land and buildings: -€16,320
- Profit (loss) carried forward +€12,107
up €12,107 (+36.1%), from €33,541 to €45,648
- Gross operating margin +€25,154
up €25,154 (+144%), from €17,413 to €42,567
- Staff costs +€9,466
new in 2022: €9,466
- Other operating charges +€1,076
up €1,076 (+217%), from €495 to €1,571
- Depreciation -€975
down €975 (-4.8%), from €20,232 to €19,257
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.
Derived cash bridge
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 | €331,845 | €345,185 | +€13,340 | +4.0% |
| Fixed assets | 21/28 | €270,415 | €258,067 | -€12,348 | -4.6% |
| Tangible fixed assets | 22/27 | €270,360 | €258,012 | -€12,348 | -4.6% |
| Land and buildings | 22 | €251,099 | €234,779 | -€16,320 | -6.5% |
| Plant, machinery and equipment | 23 | €19,261 | €23,233 | +€3,972 | +20.6% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €61,430 | €87,118 | +€25,688 | +41.8% |
| Amounts receivable within one year | 40/41 | €4,616 | €63,692 | +€59,076 | +1,280% |
| Trade receivables | 40 | €1,548 | €61,555 | +€60,007 | +3,876% |
| Other amounts receivable | 41 | €3,068 | €2,137 | -€931 | -30.3% |
| Cash at bank and in hand | 54/58 | €56,814 | €23,426 | -€33,388 | -58.8% |
| Total equity and liabilities | 10/49 | €331,845 | €345,185 | +€13,340 | +4.0% |
| Equity | 10/15 | €331,601 | €343,708 | +€12,107 | +3.7% |
| Contributions | 10/11 | €296,200 | €296,200 | = | 0.0% |
| Contributions outside capital | 11 | €296,200 | €296,200 | = | 0.0% |
| Other | 1109/19 | €296,200 | €296,200 | = | 0.0% |
| 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 | €33,541 | €45,648 | +€12,107 | +36.1% |
| Amounts payable | 17/49 | €244 | €1,477 | +€1,233 | +505% |
| Amounts payable within one year | 42/48 | €244 | €1,477 | +€1,233 | +505% |
| Trade debts | 44 | €43 | €620 | +€577 | +1,342% |
| Suppliers | 440/4 | €43 | €620 | +€577 | +1,342% |
| Taxes, remuneration and social security | 45 | €201 | - | -€201 | |
| Taxes | 450/3 | €201 | - | -€201 | |
| Other amounts payable | 47/48 | - | €857 | +€857 | |
| Remuneration, social security and pensions | 62 | - | €9,466 | +€9,466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,232 | €19,257 | -€975 | -4.8% |
| Other operating charges | 640/8 | €495 | €1,571 | +€1,076 | +217% |
| Gross operating margin | 9900 | €17,413 | €42,567 | +€25,154 | +144% |
| Operating profit (loss) | 9901 | -€3,314 | €12,273 | +€15,587 | |
| Financial charges | 65/66B | €89 | €49 | -€40 | -44.9% |
| Recurring financial charges | 65 | €89 | €49 | -€40 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,403 | €12,224 | +€15,627 | |
| Income taxes | 67/77 | €310 | €117 | -€193 | -62.3% |
| Profit (loss) for the period | 9904 | -€3,713 | €12,107 | +€15,820 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,713 | €12,107 | +€15,820 |
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 30 October 2026 via checked.be.