B-MAR: what changed
Two fiscal 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.
B-MAR
Largest movements
- Cash +€133,151
up €133,151 (+1146.9%), from €11,609 to €144,760
mainly Trade debts (+€102,341) and Other debts (+€69,451)
- Receivables within one year +€53,810
up €53,810 (+50.9%), from €105,745 to €159,556
of which Other amounts receivable: +€56,153
- Receivables after one year -€15,000
down €15,000 (-11.1%), from €135,000 to €120,000
- Tangible fixed assets -€12,326
down €12,326 (-35.4%), from €34,783 to €22,457
of which Leasing and similar rights: -€9,634
- Trade debts +€102,341
up €102,341 (+46.4%), from €220,668 to €323,009
- Other debts +€69,451
new in 2021: €69,451
- Tax, wage and social debts -€14,950
down €14,950 (-47.1%), from €31,745 to €16,794
of which Taxes: -€15,251
- Accrued charges and deferred income +€12,548
up €12,548 (+1546.5%), from €811 to €13,360
- Debts after one year -€8,979
down €8,979 (-63.0%), from €14,255 to €5,276
- Gross operating margin -€9,501
down €9,501 (-11.8%), from €80,304 to €70,803
- Staff costs -€1,168
down €1,168 (-2.3%), from €51,652 to €50,483
- Financial charges +€881
up €881 (+20.5%), from €4,297 to €5,178
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 | €288,886 | €448,083 | +€159,196 | +55.1% |
| Fixed assets | 21/28 | €35,425 | €22,778 | -€12,647 | -35.7% |
| Intangible fixed assets | 21 | €641 | €321 | -€321 | -50.0% |
| Tangible fixed assets | 22/27 | €34,783 | €22,457 | -€12,326 | -35.4% |
| Furniture and vehicles | 24 | €5,882 | €3,190 | -€2,692 | -45.8% |
| Leasing and similar rights | 25 | €28,902 | €19,268 | -€9,634 | -33.3% |
| Current assets | 29/58 | €253,462 | €425,304 | +€171,843 | +67.8% |
| Amounts receivable after more than one year | 29 | €135,000 | €120,000 | -€15,000 | -11.1% |
| Other amounts receivable | 291 | €135,000 | €120,000 | -€15,000 | -11.1% |
| Amounts receivable within one year | 40/41 | €105,745 | €159,556 | +€53,810 | +50.9% |
| Trade receivables | 40 | €5,341 | €2,998 | -€2,343 | -43.9% |
| Other amounts receivable | 41 | €100,404 | €156,558 | +€56,153 | +55.9% |
| Cash at bank and in hand | 54/58 | €11,609 | €144,760 | +€133,151 | +1146.9% |
| Deferred charges and accrued income | 490/1 | €1,107 | €989 | -€118 | -10.7% |
| Total equity and liabilities | 10/49 | €288,886 | €448,083 | +€159,196 | +55.1% |
| Equity | 10/15 | -€12,382 | -€13,377 | -€995 | -8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,982 | -€31,977 | -€995 | -3.2% |
| Amounts payable | 17/49 | €301,268 | €461,460 | +€160,192 | +53.2% |
| Amounts payable after more than one year | 17 | €14,255 | €5,276 | -€8,979 | -63.0% |
| Financial debts | 170/4 | €14,255 | €5,276 | -€8,979 | -63.0% |
| Amounts payable within one year | 42/48 | €286,202 | €442,824 | +€156,622 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €8,897 | €8,979 | +€82 | +0.9% |
| Financial debts | 43 | €24,893 | €24,591 | -€302 | -1.2% |
| Credit institutions | 430/8 | €24,893 | €24,591 | -€302 | -1.2% |
| Trade debts | 44 | €220,668 | €323,009 | +€102,341 | +46.4% |
| Suppliers | 440/4 | €220,668 | €323,009 | +€102,341 | +46.4% |
| Taxes, remuneration and social security | 45 | €31,745 | €16,794 | -€14,950 | -47.1% |
| Taxes | 450/3 | €23,460 | €8,208 | -€15,251 | -65.0% |
| Remuneration and social security | 454/9 | €8,285 | €8,586 | +€301 | +3.6% |
| Other amounts payable | 47/48 | - | €69,451 | +€69,451 | |
| Accrued charges and deferred income | 492/3 | €811 | €13,360 | +€12,548 | +1546.5% |
| Remuneration, social security and pensions | 62 | €51,652 | €50,483 | -€1,168 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,105 | €12,647 | +€542 | +4.5% |
| Other operating charges | 640/8 | €1,194 | €973 | -€221 | -18.5% |
| Gross operating margin | 9900 | €80,304 | €70,803 | -€9,501 | -11.8% |
| Operating profit (loss) | 9901 | €15,353 | €6,700 | -€8,653 | -56.4% |
| Financial income | 75/76B | €2,499 | €2,891 | +€392 | +15.7% |
| Recurring financial income | 75 | €2,499 | €2,891 | +€392 | +15.7% |
| Financial charges | 65/66B | €4,297 | €5,178 | +€881 | +20.5% |
| Recurring financial charges | 65 | €4,297 | €5,178 | +€881 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €13,556 | €4,413 | -€9,142 | -67.4% |
| Income taxes | 67/77 | €5,642 | €5,408 | -€233 | -4.1% |
| Profit (loss) for the period | 9904 | €7,914 | -€995 | -€8,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,914 | -€995 | -€8,909 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.