PERFECTITION: what changed
PERFECTITION
Largest movements
- Tangible fixed assets -€10,346
down €10,346 (-54.9%), from €18,837 to €8,492
of which Land and buildings: -€8,919
- Cash -€4,784
down €4,784 (-98.3%), from €4,867 to €83
mainly Net result for the year (-€52,002) and Debts after one year (-€26,620)
- Receivables within one year +€1,027
up €1,027 (+89.8%), from €1,144 to €2,170
of which Other amounts receivable: +€2,160
- Other debts +€63,378
up €63,378 (+67.2%), from €94,376 to €157,754
- Profit (loss) carried forward -€52,002
down €52,002 (-16.7%), from -€311,729 to -€363,731
- Debts after one year -€26,620
down €26,620 (-21.5%), from €123,603 to €96,983
- Short-term financial debts +€11,500
new in 2023: €11,500
- Trade debts -€6,655
down €6,655 (-65.6%), from €10,139 to €3,484
- Gross operating margin +€36,906
up €36,906 (+56.0%), from -€65,937 to -€29,031
- Depreciation -€16,081
down €16,081 (-60.9%), from €26,427 to €10,346
- Other operating charges -€7,629
down €7,629 (-82.1%), from €9,290 to €1,661
- Taxes +€2,610
up €2,610 (+1,591%), from €164 to €2,775
- Financial charges -€690
down €690 (-7.8%), from €8,886 to €8,197
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,088 | €13,101 | -€13,988 | -51.6% |
| Fixed assets | 21/28 | €18,837 | €8,492 | -€10,346 | -54.9% |
| Tangible fixed assets | 22/27 | €18,837 | €8,492 | -€10,346 | -54.9% |
| Land and buildings | 22 | €16,564 | €7,645 | -€8,919 | -53.8% |
| Plant, machinery and equipment | 23 | €298 | €0 | -€298 | -100% |
| Furniture and vehicles | 24 | €1,976 | €847 | -€1,129 | -57.1% |
| Current assets | 29/58 | €8,251 | €4,609 | -€3,642 | -44.1% |
| Amounts receivable within one year | 40/41 | €1,144 | €2,170 | +€1,027 | +89.8% |
| Trade receivables | 40 | €1,144 | €10 | -€1,134 | -99.1% |
| Other amounts receivable | 41 | - | €2,160 | +€2,160 | |
| Cash at bank and in hand | 54/58 | €4,867 | €83 | -€4,784 | -98.3% |
| Deferred charges and accrued income | 490/1 | €2,240 | €2,355 | +€116 | +5.2% |
| Total equity and liabilities | 10/49 | €27,088 | €13,101 | -€13,988 | -51.6% |
| Equity | 10/15 | -€231,739 | -€283,740 | -€52,002 | -22.4% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €43,990 | €43,990 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,600 | €3,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,600 | €3,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,390 | €30,390 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,729 | -€363,731 | -€52,002 | -16.7% |
| Amounts payable | 17/49 | €258,827 | €296,841 | +€38,014 | +14.7% |
| Amounts payable after more than one year | 17 | €123,603 | €96,983 | -€26,620 | -21.5% |
| Financial debts | 170/4 | €123,603 | €96,983 | -€26,620 | -21.5% |
| Amounts payable within one year | 42/48 | €135,224 | €199,858 | +€64,634 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €25,241 | €26,620 | +€1,379 | +5.5% |
| Financial debts | 43 | - | €11,500 | +€11,500 | |
| Credit institutions | 430/8 | - | €11,500 | +€11,500 | |
| Trade debts | 44 | €10,139 | €3,484 | -€6,655 | -65.6% |
| Suppliers | 440/4 | €10,139 | €3,484 | -€6,655 | -65.6% |
| Taxes, remuneration and social security | 45 | €5,468 | €500 | -€4,968 | -90.9% |
| Taxes | 450/3 | €530 | €328 | -€202 | -38.1% |
| Remuneration and social security | 454/9 | €4,937 | €172 | -€4,765 | -96.5% |
| Other amounts payable | 47/48 | €94,376 | €157,754 | +€63,378 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,427 | €10,346 | -€16,081 | -60.9% |
| Other operating charges | 640/8 | €9,290 | €1,661 | -€7,629 | -82.1% |
| Gross operating margin | 9900 | -€65,937 | -€29,031 | +€36,906 | +56.0% |
| Operating profit (loss) | 9901 | -€101,655 | -€41,038 | +€60,617 | +59.6% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €8,886 | €8,197 | -€690 | -7.8% |
| Recurring financial charges | 65 | €8,886 | €8,197 | -€690 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€110,541 | -€49,227 | +€61,314 | +55.5% |
| Income taxes | 67/77 | €164 | €2,775 | +€2,610 | +1,591% |
| Profit (loss) for the period | 9904 | -€110,705 | -€52,002 | +€58,704 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,705 | -€52,002 | +€58,704 | +53.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.