A. Construct: 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.
A. Construct
Largest movements
- Receivables within one year +€5,578
up €5,578 (+1269.0%), from €440 to €6,017
- Current investments -€3,172
down €3,172 (-43.8%), from €7,239 to €4,067
- Debts within one year +€1,321
up €1,321 (+104.9%), from €1,259 to €2,581
- Profit (loss) carried forward +€1,089
up €1,089 (+23.4%), from €4,661 to €5,750
- Gross operating margin -€6,805
down €6,805 (-93.6%), from €7,266 to €462
- Depreciation +€1,126
up €1,126 (+80.6%), from €1,398 to €2,524
- Taxes -€876
down €876 (-73.3%), from €1,194 to €319
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,120 | €14,530 | +€2,410 | +19.9% |
| Fixed assets | 21/28 | €4,441 | €4,446 | +€5 | +0.1% |
| Tangible fixed assets | 22/27 | €4,441 | €4,446 | +€5 | +0.1% |
| Current assets | 29/58 | €7,679 | €10,084 | +€2,405 | +31.3% |
| Amounts receivable within one year | 40/41 | €440 | €6,017 | +€5,578 | +1269.0% |
| Current investments | 50/53 | €7,239 | €4,067 | -€3,172 | -43.8% |
| Total equity and liabilities | 10/49 | €12,120 | €14,530 | +€2,410 | +19.9% |
| Equity | 10/15 | €10,861 | €11,950 | +€1,089 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,661 | €5,750 | +€1,089 | +23.4% |
| Amounts payable | 17/49 | €1,259 | €2,581 | +€1,321 | +104.9% |
| Amounts payable within one year | 42/48 | €1,259 | €2,581 | +€1,321 | +104.9% |
| Trade debts | 44 | €65 | - | -€65 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,398 | €2,524 | +€1,126 | +80.6% |
| Gross operating margin | 9900 | €7,266 | €462 | -€6,805 | -93.6% |
| Operating profit (loss) | 9901 | €5,869 | -€2,203 | -€8,072 | |
| Recurring financial charges | 65 | €14 | €186 | +€172 | +1266.1% |
| Profit (loss) for the period before taxes | 9903 | €5,855 | €1,408 | -€4,447 | -76.0% |
| Income taxes | 67/77 | €1,194 | €319 | -€876 | -73.3% |
| Profit (loss) for the period | 9904 | €4,661 | €1,089 | -€3,572 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,661 | €1,089 | -€3,572 | -76.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.