2-TRY: 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.
2-TRY
Largest movements
- Tangible fixed assets +€135,505
up €135,505 (+63.0%), from €214,918 to €350,423
of which Land and buildings: +€334,720
- Current assets -€86,091
down €86,091 (-18.8%), from €458,719 to €372,628
- Trade debts +€253,369
new in 2021: €253,369
- Profit (loss) carried forward -€243,559
down €243,559, from €114,029 to -€129,530
- Reserves +€114,028
up €114,028 (+92.8%), from €122,825 to €236,853
of which Distributable reserves: +€234,492
- Debts after one year -€79,290
down €79,290 (-18.7%), from €424,283 to €344,993
- Other operating charges +€191,738
new in 2021: €191,738
- Gross operating margin -€128,969
down €128,969 (-44.1%), from €292,414 to €163,445
From the 2018 result to the 2021 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2018 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €673,637 | €723,051 | +€49,414 | +7.3% |
| Fixed assets | 21/28 | €214,918 | €350,423 | +€135,505 | +63.0% |
| Tangible fixed assets | 22/27 | €214,918 | €350,423 | +€135,505 | +63.0% |
| Land and buildings | 22 | - | €334,720 | +€334,720 | |
| Furniture and vehicles | 24 | - | €340 | +€340 | |
| Other tangible fixed assets | 26 | - | €15,363 | +€15,363 | |
| Current assets | 29/58 | €458,719 | €372,628 | -€86,091 | -18.8% |
| Amounts receivable after more than one year | 29 | - | €36,160 | +€36,160 | |
| Other amounts receivable | 291 | - | €36,160 | +€36,160 | |
| Amounts receivable within one year | 40/41 | €366,700 | €336,346 | -€30,354 | -8.3% |
| Trade receivables | 40 | - | €311,173 | +€311,173 | |
| Other amounts receivable | 41 | - | €25,173 | +€25,173 | |
| Cash at bank and in hand | 54/58 | €19,039 | €122 | -€18,917 | -99.4% |
| Total equity and liabilities | 10/49 | €673,637 | €723,051 | +€49,414 | +7.3% |
| Equity | 10/15 | €249,354 | €119,823 | -€129,531 | -51.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €122,825 | €236,853 | +€114,028 | +92.8% |
| Non-distributable reserves | 130/1 | - | €2,361 | +€2,361 | |
| Reserves not available under the articles | 1311 | - | €2,361 | +€2,361 | |
| Distributable reserves | 133 | - | €234,492 | +€234,492 | |
| Profit (loss) carried forward | 14 | €114,029 | -€129,530 | -€243,559 | |
| Amounts payable | 17/49 | €424,283 | €603,228 | +€178,945 | +42.2% |
| Amounts payable after more than one year | 17 | €424,283 | €344,993 | -€79,290 | -18.7% |
| Financial debts | 170/4 | - | €344,993 | +€344,993 | |
| Amounts payable within one year | 42/48 | - | €258,235 | +€258,235 | |
| Trade debts | 44 | - | €253,369 | +€253,369 | |
| Suppliers | 440/4 | - | €253,369 | +€253,369 | |
| Other amounts payable | 47/48 | - | €4,866 | +€4,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,610 | €18,188 | -€2,422 | -11.8% |
| Other operating charges | 640/8 | - | €191,738 | +€191,738 | |
| Gross operating margin | 9900 | €292,414 | €163,445 | -€128,969 | -44.1% |
| Operating profit (loss) | 9901 | €116,460 | -€46,481 | -€162,941 | |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | - | €1,012 | +€1,012 | |
| Recurring financial charges | 65 | €2,308 | €1,012 | -€1,296 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €114,152 | -€47,472 | -€161,624 | |
| Income taxes | 67/77 | €123 | €225 | +€102 | +82.9% |
| Profit (loss) for the period | 9904 | €114,029 | -€47,697 | -€161,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €114,029 | -€47,697 | -€161,726 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.