CHRISTINE JEEGERS: 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.
CHRISTINE JEEGERS
Largest movements
- Current assets +€66,845
up €66,845 (+21.2%), from €314,935 to €381,780
of which Cash: +€68,325
- Debts +€41,367
up €41,367 (+65.9%), from €62,781 to €104,148
- Profit (loss) carried forward +€20,290
up €20,290 (+1.2%), from €1.7m to €1.8m
- Gross operating margin -€108,847
down €108,847 (-53.0%), from €205,456 to €96,610
- Taxes -€54,548
down €54,548, from €36,021 to -€18,528
- Other operating charges +€16,378
new in 2021: €16,378
- Depreciation +€10,497
up €10,497 (+15.7%), from €66,920 to €77,417
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
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 | €1,818,590 | €1,880,247 | +€61,657 | +3.4% |
| Fixed assets | 21/28 | €1,503,655 | €1,498,468 | -€5,188 | -0.3% |
| Tangible fixed assets | 22/27 | €1,503,655 | €1,498,468 | -€5,188 | -0.3% |
| Land and buildings | 22 | - | €1,284,158 | +€1.3m | |
| Plant, machinery and equipment | 23 | - | €3,219 | +€3,219 | |
| Furniture and vehicles | 24 | - | €9,706 | +€9,706 | |
| Other tangible fixed assets | 26 | - | €201,385 | +€201,385 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €314,935 | €381,780 | +€66,845 | +21.2% |
| Amounts receivable within one year | 40/41 | €91,034 | €90,342 | -€693 | -0.8% |
| Trade receivables | 40 | - | €39,331 | +€39,331 | |
| Other amounts receivable | 41 | - | €51,011 | +€51,011 | |
| Cash at bank and in hand | 54/58 | €218,837 | €287,162 | +€68,325 | +31.2% |
| Deferred charges and accrued income | 490/1 | - | €4,276 | +€4,276 | |
| Total equity and liabilities | 10/49 | €1,818,590 | €1,880,247 | +€61,657 | +3.4% |
| Equity | 10/15 | €1,755,809 | €1,776,100 | +€20,290 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €2,529 | €2,529 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €2,529 | +€2,529 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Other | 1319 | - | €669 | +€669 | |
| Profit (loss) carried forward | 14 | €1,734,680 | €1,754,970 | +€20,290 | +1.2% |
| Amounts payable | 17/49 | €62,781 | €104,148 | +€41,367 | +65.9% |
| Amounts payable within one year | 42/48 | €60,531 | €104,148 | +€43,617 | +72.1% |
| Trade debts | 44 | €28,688 | €55,580 | +€26,891 | +93.7% |
| Suppliers | 440/4 | - | €55,580 | +€55,580 | |
| Taxes, remuneration and social security | 45 | - | €12,007 | +€12,007 | |
| Taxes | 450/3 | - | €12,007 | +€12,007 | |
| Other amounts payable | 47/48 | - | €36,561 | +€36,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,920 | €77,417 | +€10,497 | +15.7% |
| Other operating charges | 640/8 | - | €16,378 | +€16,378 | |
| Gross operating margin | 9900 | €205,456 | €96,610 | -€108,847 | -53.0% |
| Operating profit (loss) | 9901 | €98,677 | €2,815 | -€95,862 | -97.1% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | €104 | €26 | -€79 | -75.5% |
| Financial charges | 65/66B | - | €1,077 | +€1,077 | |
| Recurring financial charges | 65 | €271 | €1,077 | +€806 | +298% |
| Profit (loss) for the period before taxes | 9903 | €98,511 | €1,763 | -€96,748 | -98.2% |
| Income taxes | 67/77 | €36,021 | -€18,528 | -€54,548 | |
| Profit (loss) for the period | 9904 | €62,490 | €20,290 | -€42,200 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,490 | €20,290 | -€42,200 | -67.5% |
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 23 October 2026 via checked.be.