Cdesign40: 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.
Cdesign40
Largest movements
- Current assets -€94,320
down €94,320 (-22.4%), from €421,470 to €327,150
of which Receivables within one year: -€67,177
- Tangible fixed assets -€16,985
down €16,985 (-91.1%), from €18,643 to €1,658
- Equity -€89,585
down €89,585, from €43,935 to -€45,650
of which Profit (loss) carried forward: -€89,585
- Debts -€21,270
down €21,270 (-5.4%), from €396,479 to €375,210
of which Debts after one year: -€22,479
- Staff costs +€117,822
new in 2021: €117,822
- Gross operating margin -€94,228
down €94,228 (-58.1%), from €162,246 to €68,018
- Write-downs +€32,359
new in 2021: €32,359
- Financial income +€30,574
new in 2021: €30,574
of which Non-recurring financial income: +€25,000
- Financial charges +€10,464
new in 2021: €10,464
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 | €440,415 | €329,560 | -€110,855 | -25.2% |
| Fixed assets | 21/28 | €18,944 | €2,410 | -€16,535 | -87.3% |
| Tangible fixed assets | 22/27 | €18,643 | €1,658 | -€16,985 | -91.1% |
| Plant, machinery and equipment | 23 | - | €719 | +€719 | |
| Other tangible fixed assets | 26 | - | €939 | +€939 | |
| Financial fixed assets | 28 | €302 | €752 | +€450 | +149.0% |
| Current assets | 29/58 | €421,470 | €327,150 | -€94,320 | -22.4% |
| Stocks and contracts in progress | 3 | €184,844 | €234,626 | +€49,783 | +26.9% |
| Stocks | 30/36 | - | €234,626 | +€234,626 | |
| Amounts receivable within one year | 40/41 | €122,676 | €55,498 | -€67,177 | -54.8% |
| Trade receivables | 40 | - | €51,555 | +€51,555 | |
| Other amounts receivable | 41 | - | €3,943 | +€3,943 | |
| Cash at bank and in hand | 54/58 | €102,715 | €35,662 | -€67,053 | -65.3% |
| Deferred charges and accrued income | 490/1 | - | €1,364 | +€1,364 | |
| Total equity and liabilities | 10/49 | €440,415 | €329,560 | -€110,855 | -25.2% |
| Equity | 10/15 | €43,935 | -€45,650 | -€89,585 | |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,172 | €1,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,172 | +€1,172 | |
| Reserves not available under the articles | 1311 | - | €1,172 | +€1,172 | |
| Profit (loss) carried forward | 14 | €36,563 | -€53,022 | -€89,585 | |
| Amounts payable | 17/49 | €396,479 | €375,210 | -€21,270 | -5.4% |
| Amounts payable after more than one year | 17 | €51,214 | €28,735 | -€22,479 | -43.9% |
| Financial debts | 170/4 | - | €28,735 | +€28,735 | |
| Amounts payable within one year | 42/48 | €342,690 | €345,865 | +€3,175 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | - | €22,479 | +€22,479 | |
| Trade debts | 44 | €80,355 | €77,575 | -€2,779 | -3.5% |
| Suppliers | 440/4 | - | €77,575 | +€77,575 | |
| Advances received on contracts in progress | 46 | - | €215,118 | +€215,118 | |
| Taxes, remuneration and social security | 45 | - | €27,551 | +€27,551 | |
| Taxes | 450/3 | - | €11,627 | +€11,627 | |
| Remuneration and social security | 454/9 | - | €15,925 | +€15,925 | |
| Other amounts payable | 47/48 | - | €3,141 | +€3,141 | |
| Accrued charges and deferred income | 492/3 | - | €610 | +€610 | |
| Remuneration, social security and pensions | 62 | - | €117,822 | +€117,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,145 | €16,985 | -€1,160 | -6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,359 | +€32,359 | |
| Other operating charges | 640/8 | - | €2,465 | +€2,465 | |
| Non-recurring operating charges | 66A | - | €8,070 | +€8,070 | |
| Gross operating margin | 9900 | €162,246 | €68,018 | -€94,228 | -58.1% |
| Operating profit (loss) | 9901 | €19,386 | -€109,683 | -€129,069 | |
| Financial income | 75/76B | - | €30,574 | +€30,574 | |
| Recurring financial income | 75 | €6,267 | €5,574 | -€693 | -11.1% |
| Non-recurring financial income | 76B | - | €25,000 | +€25,000 | |
| Financial charges | 65/66B | - | €10,464 | +€10,464 | |
| Recurring financial charges | 65 | €8,495 | €10,464 | +€1,969 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €19,763 | -€89,573 | -€109,336 | |
| Income taxes | 67/77 | €5,470 | €12 | -€5,458 | -99.8% |
| Profit (loss) for the period | 9904 | €14,293 | -€89,585 | -€103,878 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,293 | -€89,585 | -€103,878 |
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 11 October 2026 via checked.be.