Balans: 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.
Balans
Largest movements
- Tangible fixed assets -€34,148
down €34,148 (-7.1%), from €482,461 to €448,313
- Debts -€36,457
down €36,457 (-7.2%), from €506,133 to €469,676
of which Debts after one year: -€43,427
- Gross operating margin -€5,987
down €5,987 (-11.4%), from €52,323 to €46,337
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
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 | €521,133 | €484,676 | -€36,457 | -7.0% |
| Fixed assets | 21/28 | €482,461 | €448,313 | -€34,148 | -7.1% |
| Tangible fixed assets | 22/27 | €482,461 | €448,313 | -€34,148 | -7.1% |
| Current assets | 29/58 | €38,672 | €36,363 | -€2,309 | -6.0% |
| Cash at bank and in hand | 54/58 | €37,255 | €34,936 | -€2,319 | -6.2% |
| Total equity and liabilities | 10/49 | €521,133 | €484,676 | -€36,457 | -7.0% |
| Equity | 10/15 | €15,000 | €15,000 | = | 0.0% |
| Contributions | 10/11 | €0 | - | = | |
| Amounts payable | 17/49 | €506,133 | €469,676 | -€36,457 | -7.2% |
| Amounts payable after more than one year | 17 | €445,811 | €402,384 | -€43,427 | -9.7% |
| Amounts payable within one year | 42/48 | €59,828 | €64,145 | +€4,318 | +7.2% |
| Trade debts | 44 | €652 | €0 | -€652 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,148 | €34,148 | +€0 | 0.0% |
| Gross operating margin | 9900 | €52,323 | €46,337 | -€5,987 | -11.4% |
| Operating profit (loss) | 9901 | €17,181 | €10,977 | -€6,204 | -36.1% |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Recurring financial charges | 65 | €7,201 | €6,603 | -€598 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €9,980 | €4,374 | -€5,607 | -56.2% |
| Profit (loss) for the period | 9904 | €9,980 | €4,374 | -€5,607 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,980 | €4,374 | -€5,607 | -56.2% |
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 29 September 2026 via checked.be.