CONCEPT OFFICE: 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.
CONCEPT OFFICE
Largest movements
- Current assets +€9,737
up €9,737 (+28.9%), from €33,674 to €43,412
of which Receivables within one year: +€5,758
- Tangible fixed assets +€8,308
new in 2020: €8,308
- Debts within one year +€12,570
up €12,570 (+34.8%), from €36,153 to €48,722
- Equity +€5,476
up €5,476, from -€2,478 to €2,998
of which Profit (loss) carried forward: +€5,476
- Gross operating margin +€14,608
up €14,608, from -€1,593 to €13,015
- Depreciation +€3,018
new in 2020: €3,018
- Taxes +€3,003
up €3,003 (+1815.2%), from €165 to €3,169
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 | €33,674 | €51,720 | +€18,046 | +53.6% |
| Fixed assets | 21/28 | - | €8,308 | +€8,308 | |
| Tangible fixed assets | 22/27 | - | €8,308 | +€8,308 | |
| Current assets | 29/58 | €33,674 | €43,412 | +€9,737 | +28.9% |
| Amounts receivable within one year | 40/41 | €29,066 | €34,824 | +€5,758 | +19.8% |
| Cash at bank and in hand | 54/58 | €3,297 | €7,276 | +€3,979 | +120.7% |
| Total equity and liabilities | 10/49 | €33,674 | €51,720 | +€18,046 | +53.6% |
| Equity | 10/15 | -€2,478 | €2,998 | +€5,476 | |
| Contributions | 10/11 | €22,678 | €22,678 | = | 0.0% |
| Reserves | 13 | €123 | €123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,476 | -€26,000 | +€5,476 | +17.4% |
| Amounts payable | 17/49 | €36,153 | €48,722 | +€12,570 | +34.8% |
| Amounts payable within one year | 42/48 | €36,153 | €48,722 | +€12,570 | +34.8% |
| Trade debts | 44 | €35,098 | €38,441 | +€3,342 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,018 | +€3,018 | |
| Gross operating margin | 9900 | -€1,593 | €13,015 | +€14,608 | |
| Operating profit (loss) | 9901 | -€2,275 | €8,833 | +€11,109 | |
| Recurring financial charges | 65 | €205 | €189 | -€16 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,480 | €8,645 | +€11,125 | |
| Income taxes | 67/77 | €165 | €3,169 | +€3,003 | +1815.2% |
| Profit (loss) for the period | 9904 | -€2,645 | €5,476 | +€8,121 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,645 | €5,476 | +€8,121 |
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 11 October 2026 via checked.be.