Zenobe Farbrook: 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.
Zenobe Farbrook
Largest movements
- Receivables after one year +€1.6m
new in 2023: €1.6m
- Tangible fixed assets +€997,885
up €997,885 (+264.9%), from €376,673 to €1.4m
of which Plant, machinery and equipment: +€970,019
- Cash +€378,286
up €378,286 (+43835.8%), from €863 to €379,149
mainly Short-term financial debts (+€3.2m) and Trade debts (+€744,425)
- Receivables within one year +€147,383
up €147,383 (+210.2%), from €70,112 to €217,495
of which Trade receivables: +€179,683
- Short-term financial debts +€3.2m
new in 2023: €3.2m
- Trade debts +€744,425
up €744,425 (+674.1%), from €110,428 to €854,853
- Other debts -€402,107
down €402,107 (-100.0%), from €402,107 to €0
- Profit (loss) carried forward -€398,983
down €398,983 (-411.8%), from -€96,894 to -€495,876
- Gross operating margin -€213,150
down €213,150 (-255.4%), from -€83,456 to -€296,606
- Financial charges +€135,541
up €135,541 (+56241.0%), from €241 to €135,782
- Financial income +€59,034
new in 2023: €59,034
- Depreciation +€25,629
new in 2023: €25,629
From the 31-12-2022 result to the 31-12-2023 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 31-12-2022 and 31-12-2023 balance sheets and the 31-12-2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2022 | 31-12-2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,648 | €3,563,904 | +€3.1m | +696.1% |
| Fixed assets | 21/28 | €376,673 | €1,400,558 | +€1.0m | +271.8% |
| Tangible fixed assets | 22/27 | €376,673 | €1,374,558 | +€997,885 | +264.9% |
| Plant, machinery and equipment | 23 | - | €970,019 | +€970,019 | |
| Assets under construction and advance payments | 27 | €376,673 | €404,539 | +€27,866 | +7.4% |
| Financial fixed assets | 28 | - | €26,000 | +€26,000 | |
| Current assets | 29/58 | €70,975 | €2,163,346 | +€2.1m | +2948.0% |
| Amounts receivable after more than one year | 29 | - | €1,566,702 | +€1.6m | |
| Trade receivables | 290 | - | €1,566,702 | +€1.6m | |
| Amounts receivable within one year | 40/41 | €70,112 | €217,495 | +€147,383 | +210.2% |
| Trade receivables | 40 | €36,300 | €215,983 | +€179,683 | +495.0% |
| Other amounts receivable | 41 | €33,812 | €1,513 | -€32,300 | -95.5% |
| Cash at bank and in hand | 54/58 | €863 | €379,149 | +€378,286 | +43835.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €447,648 | €3,563,904 | +€3.1m | +696.1% |
| Equity | 10/15 | -€96,893 | -€495,875 | -€398,983 | -411.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,894 | -€495,876 | -€398,983 | -411.8% |
| Amounts payable | 17/49 | €544,541 | €4,059,779 | +€3.5m | +645.5% |
| Amounts payable within one year | 42/48 | €513,055 | €4,029,602 | +€3.5m | +685.4% |
| Financial debts | 43 | - | €3,174,749 | +€3.2m | |
| Other loans | 439 | - | €3,174,749 | +€3.2m | |
| Trade debts | 44 | €110,428 | €854,853 | +€744,425 | +674.1% |
| Suppliers | 440/4 | €110,428 | €854,853 | +€744,425 | +674.1% |
| Advances received on contracts in progress | 46 | €520 | €0 | -€520 | -100.0% |
| Other amounts payable | 47/48 | €402,107 | €0 | -€402,107 | -100.0% |
| Accrued charges and deferred income | 492/3 | €31,486 | €30,177 | -€1,309 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25,629 | +€25,629 | |
| Other operating charges | 640/8 | €357 | €0 | -€357 | -100.0% |
| Gross operating margin | 9900 | -€83,456 | -€296,606 | -€213,150 | -255.4% |
| Operating profit (loss) | 9901 | -€83,813 | -€322,235 | -€238,423 | -284.5% |
| Financial income | 75/76B | - | €59,034 | +€59,034 | |
| Recurring financial income | 75 | - | €59,034 | +€59,034 | |
| Financial charges | 65/66B | €241 | €135,782 | +€135,541 | +56241.0% |
| Recurring financial charges | 65 | €241 | €135,782 | +€135,541 | +56241.0% |
| Profit (loss) for the period before taxes | 9903 | -€84,054 | -€398,983 | -€314,929 | -374.7% |
| Profit (loss) for the period | 9904 | -€84,054 | -€398,983 | -€314,929 | -374.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,054 | -€398,983 | -€314,929 | -374.7% |
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 9 October 2026 via checked.be.