AS TEAM: 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.
AS TEAM
Largest movements
- Receivables within one year -€184,394
down €184,394 (-74.9%), from €246,307 to €61,913
- Cash -€51,866
down €51,866 (-91.9%), from €56,438 to €4,572
mainly Debts within one year (-€252,011) and Investment in fixed assets (net) (-€684)
- Debts within one year -€252,011
down €252,011 (-93.3%), from €270,005 to €17,993
- Equity +€14,781
up €14,781 (+42.3%), from €34,963 to €49,744
- Turnover +€886,104
new in 2021: €886,104
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 | €304,967 | €67,737 | -€237,230 | -77.8% |
| Fixed assets | 21/28 | €2,223 | €1,253 | -€970 | -43.7% |
| Tangible fixed assets | 22/27 | €2,193 | €1,145 | -€1,048 | -47.8% |
| Financial fixed assets | 28 | €30 | €108 | +€78 | +260.0% |
| Current assets | 29/58 | €302,745 | €66,485 | -€236,260 | -78.0% |
| Amounts receivable within one year | 40/41 | €246,307 | €61,913 | -€184,394 | -74.9% |
| Cash at bank and in hand | 54/58 | €56,438 | €4,572 | -€51,866 | -91.9% |
| Total equity and liabilities | 10/49 | €304,967 | €67,737 | -€237,230 | -77.8% |
| Equity | 10/15 | €34,963 | €49,744 | +€14,781 | +42.3% |
| Reserves | 13 | €1,335 | €1,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,428 | €29,809 | +€2,381 | +8.7% |
| Amounts payable | 17/49 | €270,005 | €17,993 | -€252,011 | -93.3% |
| Amounts payable within one year | 42/48 | €270,005 | €17,993 | -€252,011 | -93.3% |
| Trade debts | 44 | €265,907 | €1,490 | -€264,417 | -99.4% |
| Turnover | 70 | - | €886,104 | +€886,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,387 | €1,655 | +€268 | +19.3% |
| Gross operating margin | 9900 | €4,595 | €5,397 | +€802 | +17.5% |
| Operating profit (loss) | 9901 | €3,123 | €3,679 | +€556 | +17.8% |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Recurring financial charges | 65 | €526 | €653 | +€128 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €2,598 | €3,027 | +€430 | +16.5% |
| Income taxes | 67/77 | €530 | €646 | +€116 | +22.0% |
| Profit (loss) for the period | 9904 | €2,068 | €2,381 | +€313 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,068 | €2,381 | +€313 | +15.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2020 and 30 September 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.