BRITTLE & BOLD: 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.
BRITTLE & BOLD
Largest movements
- Current assets -€15,904
down €15,904 (-54.7%), from €29,068 to €13,164
of which Receivables within one year: -€18,491
- Tangible fixed assets -€5,201
down €5,201 (-4.0%), from €129,879 to €124,679
- Debts -€24,986
down €24,986 (-17.9%), from €139,528 to €114,542
of which Debts within one year: -€27,949
- Equity +€3,881
up €3,881 (+20.0%), from €19,420 to €23,301
of which Contributions: +€12,400
- Depreciation -€9,308
down €9,308 (-64.2%), from €14,509 to €5,201
- Financial charges +€9,082
new in 2021: €9,082
- Gross operating margin +€5,983
up €5,983 (+36.9%), from €16,201 to €22,183
- Other operating charges +€3,223
new in 2021: €3,223
- Taxes +€797
up €797, from €0 to €797
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 | €158,947 | €137,843 | -€21,105 | -13.3% |
| Fixed assets | 21/28 | €129,879 | €124,679 | -€5,201 | -4.0% |
| Tangible fixed assets | 22/27 | €129,879 | €124,679 | -€5,201 | -4.0% |
| Land and buildings | 22 | - | €124,679 | +€124,679 | |
| Current assets | 29/58 | €29,068 | €13,164 | -€15,904 | -54.7% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €19,047 | €556 | -€18,491 | -97.1% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | - | €556 | +€556 | |
| Cash at bank and in hand | 54/58 | €921 | €12,503 | +€11,582 | +1258.2% |
| Deferred charges and accrued income | 490/1 | - | €105 | +€105 | |
| Total equity and liabilities | 10/49 | €158,947 | €137,843 | -€21,105 | -13.3% |
| Equity | 10/15 | €19,420 | €23,301 | +€3,881 | +20.0% |
| Contributions | 10/11 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €8,314 | €10,901 | +€2,587 | +31.1% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €9,041 | +€9,041 | |
| Profit (loss) carried forward | 14 | -€1,294 | €0 | +€1,294 | |
| Amounts payable | 17/49 | €139,528 | €114,542 | -€24,986 | -17.9% |
| Amounts payable within one year | 42/48 | €138,778 | €110,829 | -€27,949 | -20.1% |
| Trade debts | 44 | €0 | €502 | +€502 | |
| Suppliers | 440/4 | - | €502 | +€502 | |
| Taxes, remuneration and social security | 45 | - | €797 | +€797 | |
| Taxes | 450/3 | - | €797 | +€797 | |
| Other amounts payable | 47/48 | - | €109,529 | +€109,529 | |
| Accrued charges and deferred income | 492/3 | - | €3,713 | +€3,713 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,509 | €5,201 | -€9,308 | -64.2% |
| Other operating charges | 640/8 | - | €3,223 | +€3,223 | |
| Gross operating margin | 9900 | €16,201 | €22,183 | +€5,983 | +36.9% |
| Operating profit (loss) | 9901 | €269 | €13,760 | +€13,491 | +5007.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €9,082 | +€9,082 | |
| Recurring financial charges | 65 | €92 | €9,082 | +€8,990 | +9799.2% |
| Profit (loss) for the period before taxes | 9903 | €178 | €4,679 | +€4,501 | +2533.0% |
| Income taxes | 67/77 | €0 | €797 | +€797 | |
| Profit (loss) for the period | 9904 | €178 | €3,881 | +€3,704 | +2084.4% |
| Profit (loss) for the period to be appropriated | 9905 | €178 | €3,881 | +€3,704 | +2084.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.