DE GRIND: 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.
DE GRIND
Largest movements
- Receivables within one year -€7,000
no longer reported in 2020 (was €7,000)
- Cash -€3,655
down €3,655 (-91.5%), from €3,995 to €340
mainly Net result for the year (-€7,196) and Debts within one year (-€6,400)
- Tangible fixed assets -€2,941
down €2,941 (-25.6%), from €11,470 to €8,529
- Profit (loss) carried forward -€7,196
down €7,196 (-48.4%), from €14,865 to €7,669
- Debts within one year -€6,400
down €6,400 (-84.2%), from €7,600 to €1,200
- Gross operating margin -€1,308
down €1,308 (-31.9%), from €4,095 to €2,787
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
Derived from the 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,465 | €8,869 | -€13,596 | -60.5% |
| Fixed assets | 21/28 | €11,470 | €8,529 | -€2,941 | -25.6% |
| Tangible fixed assets | 22/27 | €11,470 | €8,529 | -€2,941 | -25.6% |
| Current assets | 29/58 | €10,995 | €340 | -€10,655 | -96.9% |
| Amounts receivable within one year | 40/41 | €7,000 | - | -€7,000 | |
| Cash at bank and in hand | 54/58 | €3,995 | €340 | -€3,655 | -91.5% |
| Total equity and liabilities | 10/49 | €22,465 | €8,869 | -€13,596 | -60.5% |
| Equity | 10/15 | €14,865 | €7,669 | -€7,196 | -48.4% |
| Profit (loss) carried forward | 14 | €14,865 | €7,669 | -€7,196 | -48.4% |
| Amounts payable | 17/49 | €7,600 | €1,200 | -€6,400 | -84.2% |
| Amounts payable within one year | 42/48 | €7,600 | €1,200 | -€6,400 | -84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,940 | €2,941 | +€1 | 0.0% |
| Gross operating margin | 9900 | €4,095 | €2,787 | -€1,308 | -31.9% |
| Operating profit (loss) | 9901 | €1,155 | -€7,154 | -€8,309 | |
| Recurring financial charges | 65 | €44 | €42 | -€2 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €1,111 | -€7,196 | -€8,307 | |
| Profit (loss) for the period | 9904 | €1,111 | -€7,196 | -€8,307 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,111 | -€7,196 | -€8,307 |
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 9 October 2026 via checked.be.