COURS TOUJOURS!: 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.
COURS TOUJOURS!
Largest movements
- Cash +€5,008
up €5,008 (+401%), from €1,247 to €6,255
mainly Net result for the year (+€7,212)
- Receivables within one year +€1,964
up €1,964 (+32.9%), from €5,965 to €7,929
- Deferred charges and accrued income +€151
new in 2021: €151
- Equity +€7,212
up €7,212 (+115%), from €6,246 to €13,458
- Gross operating margin +€5,105
up €5,105 (+162%), from €3,160 to €8,266
- Staff costs +€771
new in 2021: €771
- Depreciation -€575
no longer reported in 2021 (was €575)
- Financial charges +€283
new in 2021: €283
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 | €7,212 | €14,335 | +€7,123 | +98.8% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €7,212 | €14,335 | +€7,123 | +98.8% |
| Amounts receivable within one year | 40/41 | €5,965 | €7,929 | +€1,964 | +32.9% |
| Other amounts receivable | 41 | - | €7,929 | +€7,929 | |
| Cash at bank and in hand | 54/58 | €1,247 | €6,255 | +€5,008 | +401% |
| Deferred charges and accrued income | 490/1 | - | €151 | +€151 | |
| Total equity and liabilities | 10/49 | €7,212 | €14,335 | +€7,123 | +98.8% |
| Equity | 10/15 | €6,246 | €13,458 | +€7,212 | +115% |
| Profit (loss) carried forward | 14 | €5,646 | €12,858 | +€7,212 | +128% |
| Amounts payable | 17/49 | €966 | €877 | -€89 | -9.2% |
| Amounts payable within one year | 42/48 | €966 | €877 | -€89 | -9.2% |
| Trade debts | 44 | €966 | €877 | -€89 | -9.2% |
| Suppliers | 440/4 | - | €877 | +€877 | |
| Remuneration, social security and pensions | 62 | - | €771 | +€771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €575 | - | -€575 | |
| Gross operating margin | 9900 | €3,160 | €8,266 | +€5,105 | +162% |
| Operating profit (loss) | 9901 | €2,586 | €7,495 | +€4,909 | +190% |
| Financial charges | 65/66B | - | €283 | +€283 | |
| Recurring financial charges | 65 | €230 | €283 | +€53 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €2,356 | €7,212 | +€4,856 | +206% |
| Profit (loss) for the period | 9904 | €2,356 | €7,212 | +€4,856 | +206% |
| Profit (loss) for the period to be appropriated | 9905 | €2,356 | €7,212 | +€4,856 | +206% |
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 21 October 2026 via checked.be.