D & X: 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.
D & X
Largest movements
- Tangible fixed assets +€56,101
up €56,101 (+186.7%), from €30,047 to €86,148
of which Furniture and vehicles: +€73,035
- Debts within one year +€93,522
up €93,522 (+66.3%), from €141,030 to €234,553
of which Trade debts: +€95,990
- Debts after one year -€20,393
down €20,393 (-100.0%), from €20,393 to €0
- Equity -€18,801
down €18,801 (-23.3%), from €80,664 to €61,863
of which Profit (loss) carried forward: -€18,801
- Gross operating margin -€21,279
down €21,279 (-71.7%), from €29,688 to €8,410
- Financial charges +€4,018
new in 2021: €4,018
- Taxes -€3,423
down €3,423 (-100.0%), from €3,423 to €0
- Other operating charges +€1,437
new in 2021: €1,437
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
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 | €242,087 | €296,416 | +€54,328 | +22.4% |
| Fixed assets | 21/28 | €31,517 | €87,618 | +€56,101 | +178.0% |
| Tangible fixed assets | 22/27 | €30,047 | €86,148 | +€56,101 | +186.7% |
| Plant, machinery and equipment | 23 | - | €4,494 | +€4,494 | |
| Furniture and vehicles | 24 | - | €73,035 | +€73,035 | |
| Leasing and similar rights | 25 | - | €8,619 | +€8,619 | |
| Financial fixed assets | 28 | €1,470 | €1,470 | = | 0.0% |
| Current assets | 29/58 | €210,570 | €208,797 | -€1,773 | -0.8% |
| Amounts receivable within one year | 40/41 | €210,570 | €208,797 | -€1,773 | -0.8% |
| Trade receivables | 40 | - | €86,211 | +€86,211 | |
| Other amounts receivable | 41 | - | €122,586 | +€122,586 | |
| Total equity and liabilities | 10/49 | €242,087 | €296,416 | +€54,328 | +22.4% |
| Equity | 10/15 | €80,664 | €61,863 | -€18,801 | -23.3% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €72,604 | €53,803 | -€18,801 | -25.9% |
| Amounts payable | 17/49 | €161,423 | €234,553 | +€73,129 | +45.3% |
| Amounts payable after more than one year | 17 | €20,393 | €0 | -€20,393 | -100.0% |
| Financial debts | 170/4 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €141,030 | €234,553 | +€93,522 | +66.3% |
| Current portion of amounts payable after more than one year | 42 | - | €17,705 | +€17,705 | |
| Financial debts | 43 | - | €11,265 | +€11,265 | |
| Credit institutions | 430/8 | - | €11,265 | +€11,265 | |
| Trade debts | 44 | €100,508 | €196,497 | +€95,990 | +95.5% |
| Suppliers | 440/4 | - | €196,497 | +€196,497 | |
| Taxes, remuneration and social security | 45 | - | €9,086 | +€9,086 | |
| Taxes | 450/3 | - | €9,086 | +€9,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,739 | €12,755 | +€16 | +0.1% |
| Other operating charges | 640/8 | - | €1,437 | +€1,437 | |
| Non-recurring operating charges | 66A | - | €8,600 | +€8,600 | |
| Gross operating margin | 9900 | €29,688 | €8,410 | -€21,279 | -71.7% |
| Operating profit (loss) | 9901 | €16,090 | -€14,383 | -€30,473 | |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | €7,006 | €0 | -€7,006 | -100.0% |
| Financial charges | 65/66B | - | €4,018 | +€4,018 | |
| Recurring financial charges | 65 | €7,885 | €4,018 | -€3,866 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €15,211 | -€18,401 | -€33,613 | |
| Income taxes | 67/77 | €3,423 | €0 | -€3,423 | -100.0% |
| Profit (loss) for the period | 9904 | €11,788 | -€18,401 | -€30,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,788 | -€18,401 | -€30,190 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.