E&C2: 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.
E&C2
Largest movements
- Cash -€20,224
down €20,224 (-100.0%), from €20,224 to €0
mainly Debts within one year (-€14,017) and Net result for the year (-€6,207)
- Debts within one year -€14,017
down €14,017 (-1.1%), from €1.3m to €1.3m
- Financial charges +€3,745
new in 2021: €3,745
- Other operating charges +€923
new in 2021: €923
- Gross operating margin -€353
down €353 (-29.7%), from -€1,186 to -€1,538
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
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,374,326 | €1,354,102 | -€20,224 | -1.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,354,102 | €1,354,102 | = | 0.0% |
| Financial fixed assets | 28 | €1,354,102 | €1,354,102 | = | 0.0% |
| Current assets | 29/58 | €20,224 | €0 | -€20,224 | -100.0% |
| Cash at bank and in hand | 54/58 | €20,224 | €0 | -€20,224 | -100.0% |
| Total equity and liabilities | 10/49 | €1,374,326 | €1,354,102 | -€20,224 | -1.5% |
| Equity | 10/15 | €83,761 | €77,554 | -€6,207 | -7.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | - | €61,500 | +€61,500 | |
| Issued capital | 100 | - | €61,500 | +€61,500 | |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €6,150 | +€6,150 | |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Profit (loss) carried forward | 14 | €16,111 | €9,904 | -€6,207 | -38.5% |
| Amounts payable | 17/49 | €1,290,565 | €1,276,548 | -€14,017 | -1.1% |
| Amounts payable within one year | 42/48 | €1,290,565 | €1,276,548 | -€14,017 | -1.1% |
| Financial debts | 43 | - | €148,053 | +€148,053 | |
| Credit institutions | 430/8 | - | €148,053 | +€148,053 | |
| Trade debts | 44 | €0 | €1,936 | +€1,936 | |
| Suppliers | 440/4 | - | €1,936 | +€1,936 | |
| Other amounts payable | 47/48 | - | €1,126,558 | +€1.1m | |
| Other operating charges | 640/8 | - | €923 | +€923 | |
| Gross operating margin | 9900 | -€1,186 | -€1,538 | -€353 | -29.7% |
| Operating profit (loss) | 9901 | -€2,288 | -€2,461 | -€173 | -7.6% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | - | €3,745 | +€3,745 | |
| Recurring financial charges | 65 | €3,460 | €3,745 | +€286 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,748 | -€6,207 | -€459 | -8.0% |
| Profit (loss) for the period | 9904 | -€5,748 | -€6,207 | -€459 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,748 | -€6,207 | -€459 | -8.0% |
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 30 September 2026 via checked.be.