CRE@NET: what changed
Two fiscal 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.
CRE@NET
Largest movements
- Stocks and contracts -€11,439
down €11,439 (-7.9%), from €144,800 to €133,361
- Profit (loss) carried forward -€35,153
down €35,153 (-18.0%), from -€195,454 to -€230,607
- Debts within one year +€23,946
up €23,946 (+6.9%), from €344,683 to €368,629
- Gross operating margin +€4,817
up €4,817 (+18.5%), from €26,000 to €30,817
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.
Cash bridge derived
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 | €172,180 | €160,973 | -€11,207 | -6.5% |
| Fixed assets | 21/28 | €8,829 | €8,751 | -€78 | -0.9% |
| Tangible fixed assets | 22/27 | €704 | €626 | -€78 | -11.1% |
| Financial fixed assets | 28 | €8,125 | €8,125 | = | 0.0% |
| Current assets | 29/58 | €163,351 | €152,223 | -€11,129 | -6.8% |
| Stocks and contracts in progress | 3 | €144,800 | €133,361 | -€11,439 | -7.9% |
| Amounts receivable within one year | 40/41 | €2,195 | €1,580 | -€615 | -28.0% |
| Cash at bank and in hand | 54/58 | €16,356 | €17,282 | +€926 | +5.7% |
| Total equity and liabilities | 10/49 | €172,180 | €160,973 | -€11,207 | -6.5% |
| Equity | 10/15 | -€172,503 | -€207,656 | -€35,153 | -20.4% |
| Contributions | 10/11 | €18,543 | €18,543 | = | 0.0% |
| Reserves | 13 | €4,409 | €4,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,454 | -€230,607 | -€35,153 | -18.0% |
| Amounts payable | 17/49 | €344,683 | €368,629 | +€23,946 | +6.9% |
| Amounts payable within one year | 42/48 | €344,683 | €368,629 | +€23,946 | +6.9% |
| Trade debts | 44 | €85,230 | €74,914 | -€10,316 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €678 | -€242 | -26.3% |
| Gross operating margin | 9900 | €26,000 | €30,817 | +€4,817 | +18.5% |
| Operating profit (loss) | 9901 | -€90,100 | -€34,365 | +€55,735 | +61.9% |
| Recurring financial charges | 65 | €607 | €688 | +€81 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€90,708 | -€35,054 | +€55,654 | +61.4% |
| Income taxes | 67/77 | €179 | €99 | -€80 | -44.5% |
| Profit (loss) for the period | 9904 | -€90,887 | -€35,153 | +€55,734 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,887 | -€35,153 | +€55,734 | +61.3% |
Source: filed annual accounts (NBB), fiscal years ended 29 February 2020 and 28 February 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.