CPA Createch: 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.
CPA Createch
Largest movements
- Current assets +€331,288
up €331,288 (+1124.3%), from €29,465 to €360,753
of which Receivables within one year: +€332,243
- Tangible fixed assets -€28,941
down €28,941 (-51.8%), from €55,899 to €26,958
- Equity +€211,749
up €211,749, from -€28,873 to €182,876
of which Profit (loss) carried forward: +€120,798
- Debts within one year +€112,806
up €112,806 (+149.7%), from €75,352 to €188,159
- Debts after one year -€22,208
down €22,208 (-57.1%), from €38,884 to €16,676
- Gross operating margin +€98,053
up €98,053, from -€32,033 to €66,020
- Taxes +€10,951
new in 2020: €10,951
- Depreciation -€8,431
down €8,431 (-30.0%), from €28,057 to €19,626
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 | €85,364 | €387,711 | +€302,347 | +354.2% |
| Fixed assets | 21/28 | €55,899 | €26,958 | -€28,941 | -51.8% |
| Tangible fixed assets | 22/27 | €55,899 | €26,958 | -€28,941 | -51.8% |
| Current assets | 29/58 | €29,465 | €360,753 | +€331,288 | +1124.3% |
| Amounts receivable within one year | 40/41 | €27,157 | €359,401 | +€332,243 | +1223.4% |
| Cash at bank and in hand | 54/58 | €305 | €71 | -€233 | -76.6% |
| Total equity and liabilities | 10/49 | €85,364 | €387,711 | +€302,347 | +354.2% |
| Equity | 10/15 | -€28,873 | €182,876 | +€211,749 | |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €92,811 | +€90,951 | +4889.8% |
| Profit (loss) carried forward | 14 | -€49,333 | €71,465 | +€120,798 | |
| Amounts payable | 17/49 | €114,237 | €204,835 | +€90,598 | +79.3% |
| Amounts payable after more than one year | 17 | €38,884 | €16,676 | -€22,208 | -57.1% |
| Amounts payable within one year | 42/48 | €75,352 | €188,159 | +€112,806 | +149.7% |
| Trade debts | 44 | €56,290 | €100,611 | +€44,321 | +78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,057 | €19,626 | -€8,431 | -30.0% |
| Gross operating margin | 9900 | -€32,033 | €66,020 | +€98,053 | |
| Operating profit (loss) | 9901 | -€122,263 | €36,757 | +€159,020 | |
| Recurring financial income | 75 | €2,422 | - | -€2,422 | |
| Recurring financial charges | 65 | €958 | €417 | -€540 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | -€120,798 | €36,340 | +€157,138 | |
| Income taxes | 67/77 | - | €10,951 | +€10,951 | |
| Profit (loss) for the period | 9904 | -€120,798 | €25,389 | +€146,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€120,798 | €25,389 | +€146,188 |
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 12 October 2026 via checked.be.