ADAM BRUNO: 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.
ADAM BRUNO
Largest movements
- Current assets +€32,137
up €32,137 (+47.5%), from €67,695 to €99,832
- Tangible fixed assets -€5,084
down €5,084 (-17.0%), from €29,877 to €24,793
- Equity +€16,151
up €16,151 (+38.5%), from €41,960 to €58,111
of which Reserves: +€28,400
- Debts within one year +€10,902
up €10,902 (+19.6%), from €55,612 to €66,514
- Gross operating margin -€15,122
down €15,122 (-16.4%), from €91,964 to €76,842
- Taxes +€5,165
up €5,165 (+107%), from €4,829 to €9,994
- Depreciation -€1,188
down €1,188 (-12.6%), from €9,425 to €8,237
From the 2019 result to the 2020 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.
Derived cash bridge
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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,572 | €124,625 | +€27,053 | +27.7% |
| Fixed assets | 21/28 | €29,877 | €24,793 | -€5,084 | -17.0% |
| Tangible fixed assets | 22/27 | €29,877 | €24,793 | -€5,084 | -17.0% |
| Current assets | 29/58 | €67,695 | €99,832 | +€32,137 | +47.5% |
| Amounts receivable within one year | 40/41 | €55,516 | €39,096 | -€16,420 | -29.6% |
| Cash at bank and in hand | 54/58 | €6,891 | €12,268 | +€5,377 | +78.0% |
| Total equity and liabilities | 10/49 | €97,572 | €124,625 | +€27,053 | +27.7% |
| Equity | 10/15 | €41,960 | €58,111 | +€16,151 | +38.5% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €29,560 | €57,960 | +€28,400 | +96.1% |
| Profit (loss) carried forward | 14 | -€10,767 | €51 | +€10,818 | |
| Amounts payable | 17/49 | €55,612 | €66,514 | +€10,902 | +19.6% |
| Amounts payable within one year | 42/48 | €55,612 | €66,514 | +€10,902 | +19.6% |
| Trade debts | 44 | €4,468 | €15,848 | +€11,380 | +255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,425 | €8,237 | -€1,188 | -12.6% |
| Gross operating margin | 9900 | €91,964 | €76,842 | -€15,122 | -16.4% |
| Operating profit (loss) | 9901 | €25,665 | €38,638 | +€12,973 | +50.5% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Recurring financial charges | 65 | €404 | €194 | -€210 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €25,262 | €38,445 | +€13,183 | +52.2% |
| Income taxes | 67/77 | €4,829 | €9,994 | +€5,165 | +107% |
| Profit (loss) for the period | 9904 | €20,433 | €28,451 | +€8,018 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,433 | €28,451 | +€8,018 | +39.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.