De Visfuik: 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 Visfuik
Largest movements
- Tangible fixed assets -€25,582
down €25,582 (-30.0%), from €85,233 to €59,651
- Current assets -€20,201
down €20,201 (-17.2%), from €117,307 to €97,106
- Debts -€51,541
down €51,541 (-62.7%), from €82,242 to €30,701
of which Debts within one year: -€32,974
- Reserves +€5,500
up €5,500 (+7.3%), from €75,109 to €80,609
of which Distributable reserves: +€78,750
- Staff costs +€35,176
new in 2021: €35,176
- Gross operating margin -€7,876
down €7,876 (-11.0%), from €71,544 to €63,669
- Financial income +€4,922
new in 2021: €4,922
- Depreciation -€3,858
down €3,858 (-18.6%), from €20,712 to €16,854
- Other operating charges +€2,100
new in 2021: €2,100
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 | €202,667 | €156,884 | -€45,784 | -22.6% |
| Fixed assets | 21/28 | €85,360 | €59,778 | -€25,582 | -30.0% |
| Tangible fixed assets | 22/27 | €85,233 | €59,651 | -€25,582 | -30.0% |
| Plant, machinery and equipment | 23 | - | €19,534 | +€19,534 | |
| Furniture and vehicles | 24 | - | €40,116 | +€40,116 | |
| Financial fixed assets | 28 | €127 | €127 | = | 0.0% |
| Current assets | 29/58 | €117,307 | €97,106 | -€20,201 | -17.2% |
| Stocks and contracts in progress | 3 | €4,827 | €436 | -€4,392 | -91.0% |
| Stocks | 30/36 | - | €436 | +€436 | |
| Amounts receivable within one year | 40/41 | €85,704 | €82,778 | -€2,926 | -3.4% |
| Other amounts receivable | 41 | - | €82,778 | +€82,778 | |
| Cash at bank and in hand | 54/58 | €15,212 | €13,893 | -€1,319 | -8.7% |
| Total equity and liabilities | 10/49 | €202,667 | €156,884 | -€45,784 | -22.6% |
| Equity | 10/15 | €120,425 | €126,182 | +€5,757 | +4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €75,109 | €80,609 | +€5,500 | +7.3% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Legal reserve | 130 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | - | €78,750 | +€78,750 | |
| Profit (loss) carried forward | 14 | €26,724 | €26,981 | +€257 | +1.0% |
| Amounts payable | 17/49 | €82,242 | €30,701 | -€51,541 | -62.7% |
| Amounts payable after more than one year | 17 | €19,236 | €3,739 | -€15,497 | -80.6% |
| Financial debts | 170/4 | - | €3,739 | +€3,739 | |
| Amounts payable within one year | 42/48 | €59,936 | €26,962 | -€32,974 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | - | €15,537 | +€15,537 | |
| Financial debts | 43 | - | €6,000 | +€6,000 | |
| Credit institutions | 430/8 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | €20,798 | €3,685 | -€17,113 | -82.3% |
| Suppliers | 440/4 | - | €3,685 | +€3,685 | |
| Taxes, remuneration and social security | 45 | - | €1,740 | +€1,740 | |
| Taxes | 450/3 | - | €1,740 | +€1,740 | |
| Remuneration, social security and pensions | 62 | - | €35,176 | +€35,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,712 | €16,854 | -€3,858 | -18.6% |
| Other operating charges | 640/8 | - | €2,100 | +€2,100 | |
| Non-recurring operating charges | 66A | - | €4,868 | +€4,868 | |
| Gross operating margin | 9900 | €71,544 | €63,669 | -€7,876 | -11.0% |
| Operating profit (loss) | 9901 | €17,820 | €4,671 | -€13,149 | -73.8% |
| Financial income | 75/76B | - | €4,922 | +€4,922 | |
| Recurring financial income | 75 | €1,486 | €4,922 | +€3,436 | +231% |
| Financial charges | 65/66B | - | €1,765 | +€1,765 | |
| Recurring financial charges | 65 | €2,176 | €1,765 | -€411 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €17,130 | €7,828 | -€9,302 | -54.3% |
| Income taxes | 67/77 | €4,138 | €2,071 | -€2,067 | -50.0% |
| Profit (loss) for the period | 9904 | €12,992 | €5,757 | -€7,235 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,992 | €5,757 | -€7,235 | -55.7% |
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 25 October 2026 via checked.be.