EXECUTIVE LIMOUSINE: 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.
EXECUTIVE LIMOUSINE
Largest movements
- Tangible fixed assets +€3,544
up €3,544 (+131.3%), from €2,700 to €6,244
- Current assets -€2,284
down €2,284 (-10.9%), from €21,048 to €18,763
- Equity +€16,829
up €16,829, from -€11,265 to €5,564
of which Profit (loss) carried forward: +€16,829
- Debts within one year -€15,799
down €15,799 (-44.8%), from €35,243 to €19,444
- Gross operating margin +€61,829
up €61,829, from -€9,137 to €52,693
- Depreciation +€2,601
up €2,601 (+192.6%), from €1,350 to €3,951
From the 2018 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.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2018 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,978 | €25,007 | +€1,030 | +4.3% |
| Fixed assets | 21/28 | €2,930 | €6,244 | +€3,314 | +113.1% |
| Tangible fixed assets | 22/27 | €2,700 | €6,244 | +€3,544 | +131.3% |
| Financial fixed assets | 28 | €230 | - | -€230 | |
| Current assets | 29/58 | €21,048 | €18,763 | -€2,284 | -10.9% |
| Amounts receivable within one year | 40/41 | €7,075 | €7,348 | +€272 | +3.9% |
| Cash at bank and in hand | 54/58 | €11,809 | €11,247 | -€562 | -4.8% |
| Total equity and liabilities | 10/49 | €23,978 | €25,007 | +€1,030 | +4.3% |
| Equity | 10/15 | -€11,265 | €5,564 | +€16,829 | |
| Contributions | 10/11 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | -€14,265 | €2,564 | +€16,829 | |
| Amounts payable | 17/49 | €35,243 | €19,444 | -€15,799 | -44.8% |
| Amounts payable within one year | 42/48 | €35,243 | €19,444 | -€15,799 | -44.8% |
| Trade debts | 44 | €11,775 | €13,896 | +€2,121 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,350 | €3,951 | +€2,601 | +192.6% |
| Gross operating margin | 9900 | -€9,137 | €52,693 | +€61,829 | |
| Operating profit (loss) | 9901 | -€10,487 | €18,621 | +€29,107 | |
| Recurring financial income | 75 | €2,326 | €496 | -€1,830 | -78.7% |
| Recurring financial charges | 65 | €70 | €1,284 | +€1,214 | +1723.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,231 | €17,832 | +€26,063 | |
| Profit (loss) for the period | 9904 | -€8,231 | €17,832 | +€26,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,231 | €17,832 | +€26,063 |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.