BS PROJECTS: 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.
BS PROJECTS
Largest movements
- Current assets +€31,970
up €31,970 (+118.3%), from €27,014 to €58,983
of which Stocks and contracts: +€19,967
- Tangible fixed assets +€2,983
new in 2020: €2,983
- Profit (loss) carried forward +€29,638
up €29,638 (+261.4%), from €11,340 to €40,978
- Debts within one year +€5,315
up €5,315 (+93.7%), from €5,674 to €10,989
- Turnover +€142,773
up €142,773 (+400.8%), from €35,619 to €178,392
- Gross operating margin +€25,250
up €25,250 (+133.0%), from €18,978 to €44,229
- Taxes +€8,002
up €8,002 (+154.5%), from €5,179 to €13,181
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
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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,014 | €61,967 | +€34,953 | +129.4% |
| Fixed assets | 21/28 | - | €2,983 | +€2,983 | |
| Tangible fixed assets | 22/27 | - | €2,983 | +€2,983 | |
| Current assets | 29/58 | €27,014 | €58,983 | +€31,970 | +118.3% |
| Stocks and contracts in progress | 3 | - | €19,967 | +€19,967 | |
| Amounts receivable within one year | 40/41 | €5,542 | €8,681 | +€3,139 | +56.6% |
| Cash at bank and in hand | 54/58 | €21,472 | €29,079 | +€7,607 | +35.4% |
| Total equity and liabilities | 10/49 | €27,014 | €61,967 | +€34,953 | +129.4% |
| Equity | 10/15 | €21,340 | €50,978 | +€29,638 | +138.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,340 | €40,978 | +€29,638 | +261.4% |
| Amounts payable | 17/49 | €5,674 | €10,989 | +€5,315 | +93.7% |
| Amounts payable within one year | 42/48 | €5,674 | €10,989 | +€5,315 | +93.7% |
| Trade debts | 44 | €68 | €8,548 | +€8,480 | +12470.9% |
| Turnover | 70 | €35,619 | €178,392 | +€142,773 | +400.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €332 | +€332 | |
| Gross operating margin | 9900 | €18,978 | €44,229 | +€25,250 | +133.0% |
| Operating profit (loss) | 9901 | €16,519 | €42,899 | +€26,380 | +159.7% |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Recurring financial charges | 65 | €0 | €116 | +€115 | +76946.7% |
| Profit (loss) for the period before taxes | 9903 | €16,519 | €42,819 | +€26,299 | +159.2% |
| Income taxes | 67/77 | €5,179 | €13,181 | +€8,002 | +154.5% |
| Profit (loss) for the period | 9904 | €11,340 | €29,638 | +€18,298 | +161.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,340 | €29,638 | +€18,298 | +161.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.