Accodes'k: 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.
Accodes'k
Largest movements
- Financial fixed assets +€213,073
new in 2021: €213,073
- Tangible fixed assets +€184,236
up €184,236 (+758.3%), from €24,295 to €208,532
of which Land and buildings: +€131,467
- Receivables within one year -€37,580
down €37,580 (-82.6%), from €45,506 to €7,926
- Cash +€11,939
up €11,939 (+28.9%), from €41,376 to €53,316
mainly Debts after one year (+€355,134) and Debts within one year (+€42,585)
- Debts after one year +€355,134
up €355,134 (+1982.5%), from €17,914 to €373,048
- Debts within one year +€42,585
up €42,585 (+217.3%), from €19,598 to €62,182
of which Current portion of long-term debt: +€26,634
- Equity -€24,725
down €24,725 (-31.9%), from €77,578 to €52,853
of which Reserves: -€24,725
- Depreciation +€13,816
up €13,816 (+167.4%), from €8,255 to €22,071
- Gross operating margin +€12,307
up €12,307 (+26.3%), from €46,856 to €59,163
- Financial charges +€2,126
new in 2021: €2,126
- Financial income +€1,006
new in 2021: €1,006
- Other operating charges +€819
new in 2021: €819
From the 2020 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
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,089 | €488,083 | +€372,994 | +324.1% |
| Fixed assets | 21/28 | €24,295 | €421,605 | +€397,310 | +1635.3% |
| Tangible fixed assets | 22/27 | €24,295 | €208,532 | +€184,236 | +758.3% |
| Land and buildings | 22 | - | €131,467 | +€131,467 | |
| Furniture and vehicles | 24 | - | €77,065 | +€77,065 | |
| Financial fixed assets | 28 | - | €213,073 | +€213,073 | |
| Current assets | 29/58 | €90,794 | €66,478 | -€24,316 | -26.8% |
| Amounts receivable within one year | 40/41 | €45,506 | €7,926 | -€37,580 | -82.6% |
| Trade receivables | 40 | - | €7,881 | +€7,881 | |
| Other amounts receivable | 41 | - | €45 | +€45 | |
| Current investments | 50/53 | €3,911 | €5,236 | +€1,324 | +33.9% |
| Cash at bank and in hand | 54/58 | €41,376 | €53,316 | +€11,939 | +28.9% |
| Total equity and liabilities | 10/49 | €115,089 | €488,083 | +€372,994 | +324.1% |
| Equity | 10/15 | €77,578 | €52,853 | -€24,725 | -31.9% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €58,978 | €34,253 | -€24,725 | -41.9% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €32,393 | +€32,393 | |
| Amounts payable | 17/49 | €37,512 | €435,230 | +€397,719 | +1060.3% |
| Amounts payable after more than one year | 17 | €17,914 | €373,048 | +€355,134 | +1982.5% |
| Financial debts | 170/4 | - | €373,048 | +€373,048 | |
| Amounts payable within one year | 42/48 | €19,598 | €62,182 | +€42,585 | +217.3% |
| Current portion of amounts payable after more than one year | 42 | - | €26,634 | +€26,634 | |
| Financial debts | 43 | - | €500 | +€500 | |
| Credit institutions | 430/8 | - | €500 | +€500 | |
| Trade debts | 44 | €170 | €466 | +€296 | +174.2% |
| Suppliers | 440/4 | - | €466 | +€466 | |
| Taxes, remuneration and social security | 45 | - | €12,221 | +€12,221 | |
| Taxes | 450/3 | - | €12,221 | +€12,221 | |
| Other amounts payable | 47/48 | - | €22,362 | +€22,362 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,255 | €22,071 | +€13,816 | +167.4% |
| Other operating charges | 640/8 | - | €819 | +€819 | |
| Gross operating margin | 9900 | €46,856 | €59,163 | +€12,307 | +26.3% |
| Operating profit (loss) | 9901 | €38,057 | €36,273 | -€1,784 | -4.7% |
| Financial income | 75/76B | - | €1,006 | +€1,006 | |
| Recurring financial income | 75 | €1,414 | €1,006 | -€407 | -28.8% |
| Financial charges | 65/66B | - | €2,126 | +€2,126 | |
| Recurring financial charges | 65 | €770 | €2,126 | +€1,356 | +176.2% |
| Profit (loss) for the period before taxes | 9903 | €38,701 | €35,154 | -€3,547 | -9.2% |
| Income taxes | 67/77 | €9,578 | €9,879 | +€301 | +3.1% |
| Profit (loss) for the period | 9904 | €29,123 | €25,275 | -€3,848 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,123 | €25,275 | -€3,848 | -13.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.