CONSTANTIA LOUVAIN: 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.
What changed
CONSTANTIA LOUVAIN
NACE 18.120, Other printing
financial year 2021 compared with 2020filed annual accounts (NBB)
Net result for the year
€769,777
2020 · €616,864+€152,913
Equity
€2.2m
2020 · €2.5m-€230,223
Cash
€680,727
2020 · €949,762-€269,035
Balance sheet total
€5.5m
2020 · €5.7m-€223,763
Largest movements
Assets
- Current assets -€143,907
down €143,907 (-3.9%), from €3.7m to €3.6m
of which Cash: -€269,035
- Intangible fixed assets -€120,930
down €120,930 (-97.7%), from €123,833 to €2,903
Equity and liabilities
- Equity -€230,223
down €230,223 (-9.3%), from €2.5m to €2.2m
of which Profit (loss) carried forward: -€230,223
Income statement
- Goods and materials +€6.1m
new in 2021: €6.1m
of which Purchases: +€6.0m
- Services and other goods +€2.0m
new in 2021: €2.0m
- Staff costs +€2.0m
new in 2021: €2.0m
- Turnover -€1.1m
down €1.1m (-9.2%), from €12.1m to €11.0m
- Other operating income +€789,475
new in 2021: €789,475
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.
Result 2020
€616,864
Turnover
-€1.1m
Other operating income
+€789,475
Goods and materials
-€6.1m
Services and other goods
-€2.0m
Staff costs
-€2.0m
Depreciation
+€21,068
Other operating charges
-€13,976
Other operating items
+€10.5m
Financial income
+€22
Financial charges
-€4,260
Other financial items
+€2,884
Taxes
-€66,418
Result 2021
€769,777
raises the resultlowers the resultnot broken down further in the accounts
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 | €5,693,248 | €5,469,485 | -€223,763 | -3.9% |
| Fixed assets | 21/28 | €1,993,748 | €1,913,892 | -€79,856 | -4.0% |
| Intangible fixed assets | 21 | €123,833 | €2,903 | -€120,930 | -97.7% |
| Tangible fixed assets | 22/27 | €1,868,140 | €1,909,214 | +€41,074 | +2.2% |
| Land and buildings | 22 | - | €366,575 | +€366,575 | |
| Plant, machinery and equipment | 23 | - | €1,514,724 | +€1.5m | |
| Furniture and vehicles | 24 | - | €27,915 | +€27,915 | |
| Financial fixed assets | 28 | €1,775 | €1,775 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €1,775 | +€1,775 | |
| Amounts receivable and cash guarantees | 285/8 | - | €1,775 | +€1,775 | |
| Current assets | 29/58 | €3,699,500 | €3,555,593 | -€143,907 | -3.9% |
| Stocks and contracts in progress | 3 | €678,452 | €596,488 | -€81,964 | -12.1% |
| Stocks | 30/36 | - | €596,488 | +€596,488 | |
| Raw materials and consumables | 30/31 | - | €526,845 | +€526,845 | |
| Work in progress | 32 | - | €32,971 | +€32,971 | |
| Finished goods | 33 | - | €36,672 | +€36,672 | |
| Amounts receivable within one year | 40/41 | €1,463,989 | €1,767,322 | +€303,333 | +20.7% |
| Trade receivables | 40 | - | €1,743,278 | +€1.7m | |
| Other amounts receivable | 41 | - | €24,044 | +€24,044 | |
| Current investments | 50/53 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Other investments | 51/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €949,762 | €680,727 | -€269,035 | -28.3% |
| Deferred charges and accrued income | 490/1 | - | €11,056 | +€11,056 | |
| Total equity and liabilities | 10/49 | €5,693,248 | €5,469,485 | -€223,763 | -3.9% |
| Equity | 10/15 | €2,474,208 | €2,243,985 | -€230,223 | -9.3% |
| Contributions | 10/11 | - | €2,000,000 | +€2.0m | |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €200,000 | +€200,000 | |
| Reserves not available under the articles | 1311 | - | €200,000 | +€200,000 | |
| Profit (loss) carried forward | 14 | €274,208 | €43,985 | -€230,223 | -84.0% |
| Amounts payable | 17/49 | €3,219,040 | €3,225,500 | +€6,460 | +0.2% |
| Amounts payable within one year | 42/48 | €2,318,292 | €2,271,826 | -€46,466 | -2.0% |
| Trade debts | 44 | €962,383 | €997,088 | +€34,705 | +3.6% |
| Suppliers | 440/4 | - | €997,088 | +€997,088 | |
| Taxes, remuneration and social security | 45 | - | €274,738 | +€274,738 | |
| Taxes | 450/3 | - | €49,767 | +€49,767 | |
| Remuneration and social security | 454/9 | - | €224,971 | +€224,971 | |
| Other amounts payable | 47/48 | - | €1,000,000 | +€1.0m | |
| Accrued charges and deferred income | 492/3 | - | €953,674 | +€953,674 | |
| Operating income | 70/76A | - | €11,756,342 | +€11.8m | |
| Turnover | 70 | €12,113,234 | €11,003,305 | -€1.1m | -9.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | -€36,438 | -€36,438 | |
| Other operating income | 74 | - | €789,475 | +€789,475 | |
| Operating charges | 60/66A | - | €10,711,344 | +€10.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €6,059,683 | +€6.1m | |
| Purchases | 600/8 | - | €6,014,157 | +€6.0m | |
| Change in stocks: decrease (increase) | 609 | - | €45,526 | +€45,526 | |
| Services and other goods | 61 | - | €1,969,727 | +€2.0m | |
| Remuneration, social security and pensions | 62 | - | €1,958,849 | +€2.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €704,049 | €682,981 | -€21,068 | -3.0% |
| Other operating charges | 640/8 | - | €13,976 | +€13,976 | |
| Non-recurring operating charges | 66A | - | €26,128 | +€26,128 | |
| Operating profit (loss) | 9901 | €824,313 | €1,044,998 | +€220,685 | +26.8% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Other financial income | 752/9 | - | €22 | +€22 | |
| Financial charges | 65/66B | - | €4,260 | +€4,260 | |
| Recurring financial charges | 65 | €2,884 | €4,260 | +€1,376 | +47.7% |
| Debt charges | 650 | €2,820 | €4,137 | +€1,317 | +46.7% |
| Other financial charges | 652/9 | - | €123 | +€123 | |
| Profit (loss) for the period before taxes | 9903 | €821,429 | €1,040,760 | +€219,331 | +26.7% |
| Income taxes | 67/77 | €204,565 | €270,983 | +€66,418 | +32.5% |
| Taxes | 670/3 | - | €270,983 | +€270,983 | |
| Profit (loss) for the period | 9904 | €616,864 | €769,777 | +€152,913 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €616,864 | €769,777 | +€152,913 | +24.8% |
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 30 October 2026 via checked.be.