DANNY VERBIEST: 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.
DANNY VERBIEST
Largest movements
- Current assets -€61,284
down €61,284 (-2.2%), from €2.8m to €2.7m
of which Receivables within one year: -€217,596
- Profit (loss) carried forward -€1.6m
down €1.6m (-62.2%), from €2.6m to €966,013
- Debts within one year +€1.5m
up €1.5m (+471%), from €322,158 to €1.8m
- Gross operating margin +€167,844
up €167,844 (+37.8%), from €443,707 to €611,551
- Taxes +€49,103
up €49,103 (+30.2%), from €162,391 to €211,494
From the 2010 result to the 2011 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 | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,879,081 | €2,809,495 | -€69,586 | -2.4% |
| Fixed assets | 21/28 | €121,647 | €113,345 | -€8,302 | -6.8% |
| Intangible fixed assets | 21 | €1,400 | €1,050 | -€350 | -25.0% |
| Tangible fixed assets | 22/27 | €110,057 | €92,105 | -€17,952 | -16.3% |
| Financial fixed assets | 28 | €10,190 | €20,190 | +€10,000 | +98.1% |
| Current assets | 29/58 | €2,757,434 | €2,696,150 | -€61,284 | -2.2% |
| Amounts receivable within one year | 40/41 | €329,012 | €111,416 | -€217,596 | -66.1% |
| Current investments | 50/53 | €2,146,217 | €2,437,717 | +€291,500 | +13.6% |
| Cash at bank and in hand | 54/58 | €277,108 | €143,270 | -€133,838 | -48.3% |
| Total equity and liabilities | 10/49 | €2,879,081 | €2,809,495 | -€69,586 | -2.4% |
| Equity | 10/15 | €2,556,923 | €970,351 | -€1.6m | -62.1% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,552,585 | €966,013 | -€1.6m | -62.2% |
| Amounts payable | 17/49 | €322,158 | €1,839,144 | +€1.5m | +471% |
| Amounts payable within one year | 42/48 | €322,158 | €1,839,144 | +€1.5m | +471% |
| Trade debts | 44 | €7,630 | €4,750 | -€2,880 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,695 | €18,302 | -€1,393 | -7.1% |
| Gross operating margin | 9900 | €443,707 | €611,551 | +€167,844 | +37.8% |
| Operating profit (loss) | 9901 | €370,498 | €539,485 | +€168,987 | +45.6% |
| Recurring financial income | 75 | €103,660 | €86,885 | -€16,775 | -16.2% |
| Recurring financial charges | 65 | €1,944 | €1,448 | -€496 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €474,693 | €624,922 | +€150,229 | +31.6% |
| Income taxes | 67/77 | €162,391 | €211,494 | +€49,103 | +30.2% |
| Profit (loss) for the period | 9904 | €312,302 | €413,428 | +€101,126 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €312,302 | €413,428 | +€101,126 | +32.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.