Curtain Projects: 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.
Curtain Projects
Largest movements
- Current assets -€15,338
down €15,338 (-10.1%), from €151,371 to €136,033
of which Stocks and contracts: -€16,821
- Debts -€63,830
down €63,830 (-40.7%), from €156,771 to €92,941
of which Debts within one year: -€47,395
- Profit (loss) carried forward +€48,208
up €48,208, from -€4,588 to €43,621
- Gross operating margin +€52,823
up €52,823 (+271%), from €19,508 to €72,331
- Taxes +€12,897
up €12,897 (+5,514%), from €234 to €13,131
- Financial income +€2,967
new in 2021: €2,967
- Financial charges +€2,787
new in 2021: €2,787
- Other operating charges +€888
new in 2021: €888
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
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 | €153,183 | €137,562 | -€15,621 | -10.2% |
| Fixed assets | 21/28 | €1,813 | €1,529 | -€283 | -15.6% |
| Tangible fixed assets | 22/27 | €1,813 | €1,529 | -€283 | -15.6% |
| Land and buildings | 22 | - | €1,529 | +€1,529 | |
| Current assets | 29/58 | €151,371 | €136,033 | -€15,338 | -10.1% |
| Stocks and contracts in progress | 3 | €46,821 | €30,000 | -€16,821 | -35.9% |
| Stocks | 30/36 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €49,708 | €102,587 | +€52,879 | +106% |
| Trade receivables | 40 | - | €87,960 | +€87,960 | |
| Other amounts receivable | 41 | - | €14,627 | +€14,627 | |
| Cash at bank and in hand | 54/58 | €2,727 | €1,138 | -€1,589 | -58.3% |
| Deferred charges and accrued income | 490/1 | - | €2,308 | +€2,308 | |
| Total equity and liabilities | 10/49 | €153,183 | €137,562 | -€15,621 | -10.2% |
| Equity | 10/15 | -€3,588 | €44,621 | +€48,208 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | - | €1,000 | +€1,000 | |
| Issued capital | 100 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | -€4,588 | €43,621 | +€48,208 | |
| Amounts payable | 17/49 | €156,771 | €92,941 | -€63,830 | -40.7% |
| Amounts payable after more than one year | 17 | €42,406 | €27,322 | -€15,085 | -35.6% |
| Financial debts | 170/4 | - | €27,322 | +€27,322 | |
| Amounts payable within one year | 42/48 | €111,514 | €64,119 | -€47,395 | -42.5% |
| Current portion of amounts payable after more than one year | 42 | - | €15,085 | +€15,085 | |
| Trade debts | 44 | €66,253 | €12,977 | -€53,277 | -80.4% |
| Suppliers | 440/4 | - | €12,977 | +€12,977 | |
| Taxes, remuneration and social security | 45 | - | €26,058 | +€26,058 | |
| Taxes | 450/3 | - | €26,058 | +€26,058 | |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €283 | +€19 | +7.3% |
| Other operating charges | 640/8 | - | €888 | +€888 | |
| Gross operating margin | 9900 | €19,508 | €72,331 | +€52,823 | +271% |
| Operating profit (loss) | 9901 | €18,255 | €71,160 | +€52,905 | +290% |
| Financial income | 75/76B | - | €2,967 | +€2,967 | |
| Recurring financial income | 75 | €1,637 | €2,967 | +€1,329 | +81.2% |
| Financial charges | 65/66B | - | €2,787 | +€2,787 | |
| Recurring financial charges | 65 | €2,623 | €2,787 | +€165 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €17,270 | €71,340 | +€54,070 | +313% |
| Income taxes | 67/77 | €234 | €13,131 | +€12,897 | +5,514% |
| Profit (loss) for the period | 9904 | €17,036 | €58,208 | +€41,173 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €17,036 | €58,208 | +€41,173 | +242% |
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 24 October 2026 via checked.be.