ALTERNATIEVA.: 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.
ALTERNATIEVA.
Largest movements
- Current assets -€229,683
down €229,683 (-16.7%), from €1.4m to €1.1m
of which Receivables within one year: -€127,963
- Tangible fixed assets -€23,090
down €23,090 (-33.1%), from €69,801 to €46,711
- Provisions -€150,000
no longer reported in 2021 (was €150,000)
- Debts -€112,722
down €112,722 (-16.6%), from €679,925 to €567,203
of which Debts within one year: -€73,851
- Gross operating margin -€328,384
down €328,384, from €220,069 to -€108,315
- Financial charges +€7,074
new in 2021: €7,074
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.
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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,464,093 | €1,211,320 | -€252,773 | -17.3% |
| Fixed assets | 21/28 | €85,495 | €62,405 | -€23,090 | -27.0% |
| Tangible fixed assets | 22/27 | €69,801 | €46,711 | -€23,090 | -33.1% |
| Land and buildings | 22 | - | €35,597 | +€35,597 | |
| Plant, machinery and equipment | 23 | - | €10,925 | +€10,925 | |
| Furniture and vehicles | 24 | - | €188 | +€188 | |
| Financial fixed assets | 28 | €15,694 | €15,694 | +€0 | 0.0% |
| Current assets | 29/58 | €1,378,598 | €1,148,915 | -€229,683 | -16.7% |
| Amounts receivable within one year | 40/41 | €712,434 | €584,471 | -€127,963 | -18.0% |
| Trade receivables | 40 | - | €210,186 | +€210,186 | |
| Other amounts receivable | 41 | - | €374,285 | +€374,285 | |
| Cash at bank and in hand | 54/58 | €650,342 | €564,440 | -€85,902 | -13.2% |
| Deferred charges and accrued income | 490/1 | - | €4 | +€4 | |
| Total equity and liabilities | 10/49 | €1,464,093 | €1,211,320 | -€252,773 | -17.3% |
| Equity | 10/15 | €634,168 | €644,116 | +€9,948 | +1.6% |
| Profit (loss) carried forward | 14 | €634,168 | €644,116 | +€9,948 | +1.6% |
| Provisions and deferred taxes | 16 | €150,000 | - | -€150,000 | |
| Amounts payable | 17/49 | €679,925 | €567,203 | -€112,722 | -16.6% |
| Amounts payable after more than one year | 17 | €70,173 | €34,802 | -€35,371 | -50.4% |
| Financial debts | 170/4 | - | €34,802 | +€34,802 | |
| Amounts payable within one year | 42/48 | €606,252 | €532,401 | -€73,851 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | - | €35,543 | +€35,543 | |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €530,876 | €441,011 | -€89,865 | -16.9% |
| Suppliers | 440/4 | - | €441,011 | +€441,011 | |
| Taxes, remuneration and social security | 45 | - | €55,847 | +€55,847 | |
| Taxes | 450/3 | - | €55,847 | +€55,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,730 | €23,091 | +€361 | +1.6% |
| Other operating charges | 640/8 | - | €942 | +€942 | |
| Gross operating margin | 9900 | €220,069 | -€108,315 | -€328,384 | |
| Operating profit (loss) | 9901 | €38,445 | €17,652 | -€20,793 | -54.1% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | €184 | €23 | -€161 | -87.5% |
| Non-recurring financial income | 76B | - | €23 | +€23 | |
| Financial charges | 65/66B | - | €7,074 | +€7,074 | |
| Recurring financial charges | 65 | €6,239 | €7,074 | +€835 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €32,390 | €10,601 | -€21,789 | -67.3% |
| Income taxes | 67/77 | €255 | €653 | +€398 | +156% |
| Profit (loss) for the period | 9904 | €32,135 | €9,948 | -€22,187 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,135 | €9,948 | -€22,187 | -69.0% |
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 22 October 2026 via checked.be.