C.G.M.: 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.
C.G.M.
Largest movements
- Cash -€8,462
down €8,462 (-63.8%), from €13,271 to €4,809
mainly Debts within one year (-€6,122) and Receivables within one year (-€6,040)
- Receivables within one year +€6,040
up €6,040 (+46.2%), from €13,067 to €19,108
- Stocks and contracts -€3,630
down €3,630 (-50.4%), from €7,200 to €3,570
- Tangible fixed assets +€1,769
up €1,769 (+58.1%), from €3,047 to €4,817
- Debts within one year -€6,122
down €6,122 (-9.9%), from €61,585 to €55,463
- Profit (loss) carried forward +€1,839
up €1,839 (+4.2%), from -€43,591 to -€41,752
- Purchases and services +€95,033
new in 2021: €95,033
- Gross operating margin +€47,660
up €47,660, from -€12,912 to €34,747
- Staff costs +€26,890
new in 2021: €26,890
- Turnover +€21,877
up €21,877 (+20.3%), from €107,903 to €129,780
- Financial charges +€3,135
new in 2021: €3,135
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 | €36,585 | €32,303 | -€4,283 | -11.7% |
| Fixed assets | 21/28 | €3,047 | €4,817 | +€1,769 | +58.1% |
| Tangible fixed assets | 22/27 | €3,047 | €4,817 | +€1,769 | +58.1% |
| Plant, machinery and equipment | 23 | - | €4,817 | +€4,817 | |
| Current assets | 29/58 | €33,538 | €27,486 | -€6,052 | -18.0% |
| Stocks and contracts in progress | 3 | €7,200 | €3,570 | -€3,630 | -50.4% |
| Stocks | 30/36 | - | €3,570 | +€3,570 | |
| Amounts receivable within one year | 40/41 | €13,067 | €19,108 | +€6,040 | +46.2% |
| Other amounts receivable | 41 | - | €19,108 | +€19,108 | |
| Cash at bank and in hand | 54/58 | €13,271 | €4,809 | -€8,462 | -63.8% |
| Total equity and liabilities | 10/49 | €36,585 | €32,303 | -€4,283 | -11.7% |
| Equity | 10/15 | -€24,999 | -€23,160 | +€1,839 | +7.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Profit (loss) carried forward | 14 | -€43,591 | -€41,752 | +€1,839 | +4.2% |
| Amounts payable | 17/49 | €61,585 | €55,463 | -€6,122 | -9.9% |
| Amounts payable within one year | 42/48 | €61,585 | €55,463 | -€6,122 | -9.9% |
| Trade debts | 44 | - | €18,572 | +€18,572 | |
| Suppliers | 440/4 | - | €18,572 | +€18,572 | |
| Taxes, remuneration and social security | 45 | - | €1,537 | +€1,537 | |
| Taxes | 450/3 | - | €212 | +€212 | |
| Remuneration and social security | 454/9 | - | €1,325 | +€1,325 | |
| Other amounts payable | 47/48 | - | €35,353 | +€35,353 | |
| Turnover | 70 | €107,903 | €129,780 | +€21,877 | +20.3% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €95,033 | +€95,033 | |
| Remuneration, social security and pensions | 62 | - | €26,890 | +€26,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,299 | €2,067 | +€767 | +59.0% |
| Other operating charges | 640/8 | - | €817 | +€817 | |
| Gross operating margin | 9900 | -€12,912 | €34,747 | +€47,660 | |
| Operating profit (loss) | 9901 | -€36,332 | €4,974 | +€41,307 | |
| Financial charges | 65/66B | - | €3,135 | +€3,135 | |
| Recurring financial charges | 65 | €322 | €3,135 | +€2,813 | +874% |
| Profit (loss) for the period before taxes | 9903 | -€36,654 | €1,839 | +€38,494 | |
| Income taxes | 67/77 | €3,000 | - | -€3,000 | |
| Profit (loss) for the period | 9904 | -€39,654 | €1,839 | +€41,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,654 | €1,839 | +€41,494 |
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 19 October 2026 via checked.be.