BORGERWEERT: 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.
BORGERWEERT
Largest movements
- Tangible fixed assets +€147,512
up €147,512 (+44.7%), from €330,016 to €477,528
of which Land and buildings: +€425,545
- Cash +€146,540
up €146,540 (+104%), from €141,397 to €287,937
- Debts after one year +€142,542
up €142,542 (+123%), from €116,100 to €258,642
- Profit (loss) carried forward +€90,193
up €90,193 (+26.3%), from €343,433 to €433,626
- Debts within one year +€62,074
up €62,074 (+281%), from €22,094 to €84,167
of which Current portion of long-term debt: +€80,078
- Gross operating margin +€107,342
up €107,342 (+119%), from €90,251 to €197,593
- Other operating charges +€32,793
new in 2021: €32,793
- Depreciation +€31,689
up €31,689 (+69.4%), from €45,643 to €77,332
- Financial charges +€5,335
new in 2021: €5,335
From the 2019 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €481,627 | €776,435 | +€294,809 | +61.2% |
| Fixed assets | 21/28 | €330,016 | €477,528 | +€147,512 | +44.7% |
| Tangible fixed assets | 22/27 | €330,016 | €477,528 | +€147,512 | +44.7% |
| Land and buildings | 22 | - | €425,545 | +€425,545 | |
| Plant, machinery and equipment | 23 | - | €51,984 | +€51,984 | |
| Current assets | 29/58 | €151,610 | €298,907 | +€147,297 | +97.2% |
| Amounts receivable within one year | 40/41 | €10,213 | €10,970 | +€757 | +7.4% |
| Trade receivables | 40 | - | €10,931 | +€10,931 | |
| Other amounts receivable | 41 | - | €38 | +€38 | |
| Cash at bank and in hand | 54/58 | €141,397 | €287,937 | +€146,540 | +104% |
| Total equity and liabilities | 10/49 | €481,627 | €776,435 | +€294,809 | +61.2% |
| Equity | 10/15 | €343,433 | €433,626 | +€90,193 | +26.3% |
| Profit (loss) carried forward | 14 | €343,433 | €433,626 | +€90,193 | +26.3% |
| Amounts payable | 17/49 | €138,193 | €342,809 | +€204,616 | +148% |
| Amounts payable after more than one year | 17 | €116,100 | €258,642 | +€142,542 | +123% |
| Financial debts | 170/4 | - | €258,642 | +€258,642 | |
| Amounts payable within one year | 42/48 | €22,094 | €84,167 | +€62,074 | +281% |
| Current portion of amounts payable after more than one year | 42 | - | €80,078 | +€80,078 | |
| Trade debts | 44 | €6,159 | - | -€6,159 | |
| Taxes, remuneration and social security | 45 | - | €4,089 | +€4,089 | |
| Taxes | 450/3 | - | €4,089 | +€4,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,643 | €77,332 | +€31,689 | +69.4% |
| Other operating charges | 640/8 | - | €32,793 | +€32,793 | |
| Gross operating margin | 9900 | €90,251 | €197,593 | +€107,342 | +119% |
| Operating profit (loss) | 9901 | €27,231 | €87,469 | +€60,238 | +221% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | €171 | €7 | -€163 | -95.6% |
| Financial charges | 65/66B | - | €5,335 | +€5,335 | |
| Recurring financial charges | 65 | €1,949 | €5,335 | +€3,386 | +174% |
| Profit (loss) for the period before taxes | 9903 | €25,453 | €82,141 | +€56,688 | +223% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | €25,425 | €82,140 | +€56,715 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €25,425 | €82,140 | +€56,715 | +223% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.