ARWERO: 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.
ARWERO
Largest movements
- Current assets +€220,312
up €220,312 (+195%), from €113,265 to €333,576
of which Cash: +€200,260
- Tangible fixed assets -€9,094
down €9,094 (-3.2%), from €280,440 to €271,346
- Equity +€246,562
up €246,562 (+148%), from €166,545 to €413,107
of which Profit (loss) carried forward: +€246,562
- Debts -€35,345
down €35,345 (-15.6%), from €227,160 to €191,816
of which Debts within one year: -€18,043
- Gross operating margin -€35,264
down €35,264, from €21,545 to -€13,718
- Taxes +€6,941
new in 2020: €6,941
- Depreciation +€620
up €620 (+2.7%), from €23,337 to €23,957
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 | €393,705 | €604,923 | +€211,218 | +53.6% |
| Fixed assets | 21/28 | €280,440 | €271,346 | -€9,094 | -3.2% |
| Tangible fixed assets | 22/27 | €280,440 | €271,346 | -€9,094 | -3.2% |
| Current assets | 29/58 | €113,265 | €333,576 | +€220,312 | +195% |
| Amounts receivable within one year | 40/41 | €69,303 | €95,451 | +€26,148 | +37.7% |
| Cash at bank and in hand | 54/58 | - | €200,260 | +€200,260 | |
| Total equity and liabilities | 10/49 | €393,705 | €604,923 | +€211,218 | +53.6% |
| Equity | 10/15 | €166,545 | €413,107 | +€246,562 | +148% |
| Contributions | 10/11 | €415,965 | - | -€415,965 | |
| Profit (loss) carried forward | 14 | -€249,420 | -€2,858 | +€246,562 | +98.9% |
| Amounts payable | 17/49 | €227,160 | €191,816 | -€35,345 | -15.6% |
| Amounts payable after more than one year | 17 | €169,236 | €154,935 | -€14,302 | -8.5% |
| Amounts payable within one year | 42/48 | €51,424 | €33,381 | -€18,043 | -35.1% |
| Trade debts | 44 | €20,235 | €6,580 | -€13,654 | -67.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,337 | €23,957 | +€620 | +2.7% |
| Gross operating margin | 9900 | €21,545 | -€13,718 | -€35,264 | |
| Operating profit (loss) | 9901 | -€4,967 | -€46,229 | -€41,262 | -831% |
| Recurring financial income | 75 | €5,208 | €7,367 | +€2,159 | +41.4% |
| Recurring financial charges | 65 | €8,100 | €7,635 | -€465 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,859 | €253,503 | +€261,362 | |
| Income taxes | 67/77 | - | €6,941 | +€6,941 | |
| Profit (loss) for the period | 9904 | -€7,859 | €246,562 | +€254,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,859 | €246,562 | +€254,421 |
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 23 October 2026 via checked.be.