BADR: 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.
BADR
Largest movements
- Tangible fixed assets -€17,287
down €17,287 (-48.3%), from €35,826 to €18,539
- Stocks and contracts -€14,613
down €14,613 (-32.6%), from €44,851 to €30,238
- Receivables within one year +€6,633
up €6,633 (+24.9%), from €26,641 to €33,274
- Cash +€1,770
up €1,770 (+22.7%), from €7,779 to €9,548
mainly Debts within one year (+€18,715) and Depreciation (+€17,287)
- Equity -€42,212
down €42,212 (-13.8%), from -€305,687 to -€347,898
of which Profit (loss) carried forward: -€42,212
- Debts within one year +€18,715
up €18,715 (+4.4%), from €420,783 to €439,498
- Gross operating margin -€85,858
down €85,858 (-90.3%), from €95,071 to €9,213
- Taxes -€3,172
down €3,172 (-18.9%), from €16,791 to €13,619
- Depreciation -€1,931
down €1,931 (-10.0%), from €19,218 to €17,287
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.
Cash bridge derived
Derived from the 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,097 | €91,600 | -€23,497 | -20.4% |
| Fixed assets | 21/28 | €35,826 | €18,539 | -€17,287 | -48.3% |
| Tangible fixed assets | 22/27 | €35,826 | €18,539 | -€17,287 | -48.3% |
| Current assets | 29/58 | €79,271 | €73,061 | -€6,210 | -7.8% |
| Stocks and contracts in progress | 3 | €44,851 | €30,238 | -€14,613 | -32.6% |
| Amounts receivable within one year | 40/41 | €26,641 | €33,274 | +€6,633 | +24.9% |
| Cash at bank and in hand | 54/58 | €7,779 | €9,548 | +€1,770 | +22.7% |
| Total equity and liabilities | 10/49 | €115,097 | €91,600 | -€23,497 | -20.4% |
| Equity | 10/15 | -€305,687 | -€347,898 | -€42,212 | -13.8% |
| Contributions | 10/11 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,687 | -€369,898 | -€42,212 | -12.9% |
| Amounts payable | 17/49 | €420,783 | €439,498 | +€18,715 | +4.4% |
| Amounts payable within one year | 42/48 | €420,783 | €439,498 | +€18,715 | +4.4% |
| Trade debts | 44 | €12,125 | €42,244 | +€30,119 | +248.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,218 | €17,287 | -€1,931 | -10.0% |
| Gross operating margin | 9900 | €95,071 | €9,213 | -€85,858 | -90.3% |
| Operating profit (loss) | 9901 | -€908 | -€40,874 | -€39,966 | -4401.6% |
| Recurring financial income | 75 | - | €12,640 | +€12,640 | |
| Recurring financial charges | 65 | €306 | €359 | +€53 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,214 | -€28,593 | -€27,379 | -2256.2% |
| Income taxes | 67/77 | €16,791 | €13,619 | -€3,172 | -18.9% |
| Profit (loss) for the period | 9904 | -€18,005 | -€42,212 | -€24,207 | -134.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,005 | -€42,212 | -€24,207 | -134.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.