E & E: 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.
E & E
Largest movements
- Stocks and contracts +€96,550
up €96,550 (+200%), from €48,353 to €144,903
- Receivables within one year +€62,474
up €62,474 (+74.7%), from €83,671 to €146,146
- Debts within one year +€131,338
up €131,338 (+186%), from €70,453 to €201,791
- Equity +€22,844
up €22,844 (+33.6%), from €67,930 to €90,774
of which Profit (loss) carried forward: +€22,844
- Gross operating margin +€26,971
up €26,971 (+188%), from €14,318 to €41,289
- Depreciation +€1,966
up €1,966 (+621%), from €317 to €2,283
- Taxes +€522
up €522 (+9.7%), from €5,400 to €5,922
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.
Derived cash bridge
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 | €138,427 | €292,565 | +€154,138 | +111% |
| Fixed assets | 21/28 | €2,994 | €710 | -€2,283 | -76.3% |
| Tangible fixed assets | 22/27 | €2,994 | €710 | -€2,283 | -76.3% |
| Current assets | 29/58 | €135,433 | €291,854 | +€156,421 | +115% |
| Stocks and contracts in progress | 3 | €48,353 | €144,903 | +€96,550 | +200% |
| Amounts receivable within one year | 40/41 | €83,671 | €146,146 | +€62,474 | +74.7% |
| Cash at bank and in hand | 54/58 | €3,409 | €806 | -€2,603 | -76.4% |
| Total equity and liabilities | 10/49 | €138,427 | €292,565 | +€154,138 | +111% |
| Equity | 10/15 | €67,930 | €90,774 | +€22,844 | +33.6% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,875 | €82,719 | +€22,844 | +38.2% |
| Amounts payable | 17/49 | €70,497 | €201,791 | +€131,294 | +186% |
| Amounts payable within one year | 42/48 | €70,453 | €201,791 | +€131,338 | +186% |
| Trade debts | 44 | €56,758 | €149,056 | +€92,299 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317 | €2,283 | +€1,966 | +621% |
| Gross operating margin | 9900 | €14,318 | €41,289 | +€26,971 | +188% |
| Operating profit (loss) | 9901 | €13,731 | €28,583 | +€14,852 | +108% |
| Recurring financial income | 75 | €3,279 | €618 | -€2,661 | -81.2% |
| Recurring financial charges | 65 | €68 | €434 | +€367 | +541% |
| Profit (loss) for the period before taxes | 9903 | €16,942 | €28,767 | +€11,824 | +69.8% |
| Income taxes | 67/77 | €5,400 | €5,922 | +€522 | +9.7% |
| Profit (loss) for the period | 9904 | €11,542 | €22,844 | +€11,302 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,542 | €22,844 | +€11,302 | +97.9% |
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 14 October 2026 via checked.be.