ERD-KABEL: 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.
ERD-KABEL
Largest movements
- Receivables within one year +€145,176
up €145,176 (+170%), from €85,319 to €230,494
of which Trade receivables: +€75,328
- Tangible fixed assets +€51,053
up €51,053 (+74.8%), from €68,275 to €119,328
of which Leasing and similar rights: +€31,393
- Cash +€44,942
up €44,942 (+119%), from €37,897 to €82,839
mainly Net result for the year (+€112,441) and Tax, wage and social debts (+€58,150)
- Profit (loss) carried forward +€112,441
up €112,441 (+114%), from €98,880 to €211,321
- Tax, wage and social debts +€58,150
up €58,150 (+1,797%), from €3,237 to €61,387
of which Taxes: +€40,184
- Debts after one year +€52,247
up €52,247 (+499%), from €10,461 to €62,708
- Current portion of long-term debt +€16,031
up €16,031 (+281%), from €5,706 to €21,738
- Gross operating margin +€251,841
up €251,841 (+286%), from €88,107 to €339,948
- Purchases and services +€193,561
new in 2021: €193,561
- Staff costs +€51,882
up €51,882 (+114%), from €45,618 to €97,501
- Taxes +€41,748
up €41,748 (+1,290%), from €3,237 to €44,985
- Other operating charges +€28,586
up €28,586 (+1,128%), from €2,533 to €31,120
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 | €192,043 | €432,661 | +€240,618 | +125% |
| Fixed assets | 21/28 | €68,275 | €119,328 | +€51,053 | +74.8% |
| Tangible fixed assets | 22/27 | €68,275 | €119,328 | +€51,053 | +74.8% |
| Plant, machinery and equipment | 23 | €3,600 | €8,866 | +€5,266 | +146% |
| Furniture and vehicles | 24 | €64,675 | €79,069 | +€14,394 | +22.3% |
| Leasing and similar rights | 25 | - | €31,393 | +€31,393 | |
| Current assets | 29/58 | €123,769 | €313,333 | +€189,564 | +153% |
| Amounts receivable within one year | 40/41 | €85,319 | €230,494 | +€145,176 | +170% |
| Trade receivables | 40 | - | €75,328 | +€75,328 | |
| Other amounts receivable | 41 | €85,319 | €155,167 | +€69,848 | +81.9% |
| Cash at bank and in hand | 54/58 | €37,897 | €82,839 | +€44,942 | +119% |
| Deferred charges and accrued income | 490/1 | €553 | - | -€553 | |
| Total equity and liabilities | 10/49 | €192,043 | €432,661 | +€240,618 | +125% |
| Equity | 10/15 | €171,940 | €284,369 | +€112,430 | +65.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €66,860 | €66,849 | -€11 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,849 | -€11 | -0.6% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,849 | +€1,849 | |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,880 | €211,321 | +€112,441 | +114% |
| Amounts payable | 17/49 | €20,104 | €148,292 | +€128,188 | +638% |
| Amounts payable after more than one year | 17 | €10,461 | €62,708 | +€52,247 | +499% |
| Financial debts | 170/4 | €10,461 | €62,708 | +€52,247 | +499% |
| Amounts payable within one year | 42/48 | €9,643 | €85,583 | +€75,941 | +788% |
| Current portion of amounts payable after more than one year | 42 | €5,706 | €21,738 | +€16,031 | +281% |
| Trade debts | 44 | €700 | €2,459 | +€1,759 | +251% |
| Suppliers | 440/4 | €700 | €2,459 | +€1,759 | +251% |
| Taxes, remuneration and social security | 45 | €3,237 | €61,387 | +€58,150 | +1,797% |
| Taxes | 450/3 | €3,237 | €43,420 | +€40,184 | +1,242% |
| Remuneration and social security | 454/9 | - | €17,966 | +€17,966 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €193,561 | +€193,561 | |
| Remuneration, social security and pensions | 62 | €45,618 | €97,501 | +€51,882 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,518 | €30,265 | +€4,747 | +18.6% |
| Other operating charges | 640/8 | €2,533 | €31,120 | +€28,586 | +1,128% |
| Non-recurring operating charges | 66A | - | €26,560 | +€26,560 | |
| Gross operating margin | 9900 | €88,107 | €339,948 | +€251,841 | +286% |
| Operating profit (loss) | 9901 | €14,438 | €154,503 | +€140,066 | +970% |
| Financial income | 75/76B | - | €4,319 | +€4,319 | |
| Recurring financial income | 75 | - | €4,319 | +€4,319 | |
| Financial charges | 65/66B | €1,277 | €1,397 | +€120 | +9.4% |
| Recurring financial charges | 65 | €1,277 | €1,397 | +€120 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €13,161 | €157,426 | +€144,265 | +1,096% |
| Income taxes | 67/77 | €3,237 | €44,985 | +€41,748 | +1,290% |
| Profit (loss) for the period | 9904 | €9,924 | €112,441 | +€102,517 | +1,033% |
| Profit (loss) for the period to be appropriated | 9905 | €9,924 | €112,441 | +€102,517 | +1,033% |
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 17 October 2026 via checked.be.