ELECTRO SAT SERVICES: 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.
ELECTRO SAT SERVICES
Largest movements
- Cash +€7,852
up €7,852 (+1,831%), from €429 to €8,281
mainly Net result for the year (+€7,612) and Depreciation (+€240)
- Formation expenses -€240
down €240 (-50.0%), from €480 to €240
- Equity +€7,612
up €7,612 (+557%), from €1,368 to €8,980
of which Profit (loss) carried forward: +€7,612
- Gross operating margin +€13,364
up €13,364, from -€5,512 to €7,852
- Taxes -€386
no longer reported in 2021 (was €386)
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
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 | €1,368 | €8,980 | +€7,612 | +557% |
| Formation expenses | 20 | €480 | €240 | -€240 | -50.0% |
| Current assets | 29/58 | €888 | €8,740 | +€7,852 | +885% |
| Amounts receivable within one year | 40/41 | €459 | €459 | = | 0.0% |
| Other amounts receivable | 41 | - | €459 | +€459 | |
| Cash at bank and in hand | 54/58 | €429 | €8,281 | +€7,852 | +1,831% |
| Total equity and liabilities | 10/49 | €1,368 | €8,980 | +€7,612 | +557% |
| Equity | 10/15 | €1,368 | €8,980 | +€7,612 | +557% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Profit (loss) carried forward | 14 | -€4,832 | €2,780 | +€7,612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €240 | = | 0.0% |
| Gross operating margin | 9900 | -€5,512 | €7,852 | +€13,364 | |
| Operating profit (loss) | 9901 | -€5,752 | €7,612 | +€13,364 | |
| Profit (loss) for the period before taxes | 9903 | -€5,752 | €7,612 | +€13,364 | |
| Income taxes | 67/77 | €386 | - | -€386 | |
| Profit (loss) for the period | 9904 | -€6,138 | €7,612 | +€13,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,138 | €7,612 | +€13,750 |
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 14 October 2026 via checked.be.