BUSINESS SLIDES: 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.
BUSINESS SLIDES
Largest movements
- Receivables within one year -€4,650
down €4,650 (-12.0%), from €38,885 to €34,236
- Stocks and contracts -€500
down €500 (-33.3%), from €1,500 to €1,000
- Profit (loss) carried forward -€7,500
down €7,500 (-18.0%), from -€41,700 to -€49,201
- Debts within one year +€2,083
up €2,083 (+297%), from €702 to €2,785
of which Trade debts: +€2,088
- Gross operating margin +€2,252
up €2,252 (+28.2%), from -€7,996 to -€5,744
- Other operating charges +€1,348
new in 2021: €1,348
- Taxes +€360
up €360, from -€100 to €260
- Financial charges +€149
new in 2021: €149
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.
Derived cash bridge
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,870 | €35,453 | -€5,417 | -13.3% |
| Current assets | 29/58 | €40,870 | €35,453 | -€5,417 | -13.3% |
| Stocks and contracts in progress | 3 | €1,500 | €1,000 | -€500 | -33.3% |
| Stocks | 30/36 | - | €1,000 | +€1,000 | |
| Amounts receivable within one year | 40/41 | €38,885 | €34,236 | -€4,650 | -12.0% |
| Trade receivables | 40 | - | €1,628 | +€1,628 | |
| Other amounts receivable | 41 | - | €32,608 | +€32,608 | |
| Cash at bank and in hand | 54/58 | €484 | €217 | -€268 | -55.2% |
| Total equity and liabilities | 10/49 | €40,870 | €35,453 | -€5,417 | -13.3% |
| Equity | 10/15 | €40,168 | €32,667 | -€7,500 | -18.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | - | €74,368 | +€74,368 | |
| Issued capital | 100 | - | €74,368 | +€74,368 | |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €7,500 | +€7,500 | |
| Legal reserve | 130 | - | €7,500 | +€7,500 | |
| Profit (loss) carried forward | 14 | -€41,700 | -€49,201 | -€7,500 | -18.0% |
| Amounts payable | 17/49 | €702 | €2,785 | +€2,083 | +297% |
| Amounts payable within one year | 42/48 | €702 | €2,785 | +€2,083 | +297% |
| Trade debts | 44 | €320 | €2,407 | +€2,088 | +653% |
| Suppliers | 440/4 | - | €2,407 | +€2,407 | |
| Taxes, remuneration and social security | 45 | - | €378 | +€378 | |
| Taxes | 450/3 | - | €378 | +€378 | |
| Other operating charges | 640/8 | - | €1,348 | +€1,348 | |
| Gross operating margin | 9900 | -€7,996 | -€5,744 | +€2,252 | +28.2% |
| Operating profit (loss) | 9901 | -€9,192 | -€7,092 | +€2,100 | +22.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.9% |
| Financial charges | 65/66B | - | €149 | +€149 | |
| Recurring financial charges | 65 | €166 | €149 | -€17 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,357 | -€7,241 | +€2,117 | +22.6% |
| Income taxes | 67/77 | -€100 | €260 | +€360 | |
| Profit (loss) for the period | 9904 | -€9,257 | -€7,500 | +€1,757 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,257 | -€7,500 | +€1,757 | +19.0% |
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 20 October 2026 via checked.be.