F.C.B.: 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.
What changed
F.C.B.
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2020 against 2021filed annual accounts (NBB)
Net result for the year
-€28,104
2020 · -€127,285+€99,180
Equity
€909,897
2020 · €938,001-€28,104
Cash
€2,923
2020 · €171,961-€169,038
Balance sheet total
€12.8m
2020 · €11.9m+€919,882
Largest movements
Assets
- Current assets +€1.1m
up €1.1m (+20.2%), from €5.6m to €6.8m
of which Receivables within one year: +€2.2m
- Tangible fixed assets -€219,728
down €219,728 (-5.8%), from €3.8m to €3.5m
Equity and liabilities
- Debts after one year +€711,543
up €711,543 (+19.2%), from €3.7m to €4.4m
- Debts within one year +€236,443
up €236,443 (+3.3%), from €7.3m to €7.5m
of which Other debts: +€4.6m
Income statement
- Financial charges +€272,278
new in 2021: €272,278
- Depreciation -€89,557
down €89,557 (-31.3%), from €285,673 to €196,116
- Gross operating margin +€80,087
up €80,087 (+15.7%), from €510,081 to €590,168
- Other operating charges +€43,686
new in 2021: €43,686
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.
Result 2020
-€127,285
Gross operating margin
+€80,087
Depreciation
+€89,557
Write-downs
-€3,257
Other operating charges
-€43,686
Other operating items
+€10,213
Financial income
+€1,695
Financial charges
-€272,278
Other financial items
+€234,026
Taxes
+€2,824
Result 2021
-€28,104
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,900,812 | €12,820,694 | +€919,882 | +7.7% |
| Fixed assets | 21/28 | €6,256,675 | €6,036,947 | -€219,728 | -3.5% |
| Tangible fixed assets | 22/27 | €3,756,673 | €3,536,945 | -€219,728 | -5.8% |
| Land and buildings | 22 | - | €3,452,879 | +€3.5m | |
| Plant, machinery and equipment | 23 | - | €27,285 | +€27,285 | |
| Furniture and vehicles | 24 | - | €56,780 | +€56,780 | |
| Financial fixed assets | 28 | €2,500,002 | €2,500,002 | = | 0.0% |
| Current assets | 29/58 | €5,644,137 | €6,783,747 | +€1.1m | +20.2% |
| Stocks and contracts in progress | 3 | €1,565,186 | €709,815 | -€855,370 | -54.6% |
| Stocks | 30/36 | - | €709,815 | +€709,815 | |
| Amounts receivable within one year | 40/41 | €3,531,331 | €5,708,968 | +€2.2m | +61.7% |
| Trade receivables | 40 | - | €110,642 | +€110,642 | |
| Other amounts receivable | 41 | - | €5,598,326 | +€5.6m | |
| Cash at bank and in hand | 54/58 | €171,961 | €2,923 | -€169,038 | -98.3% |
| Deferred charges and accrued income | 490/1 | - | €362,040 | +€362,040 | |
| Total equity and liabilities | 10/49 | €11,900,812 | €12,820,694 | +€919,882 | +7.7% |
| Equity | 10/15 | €938,001 | €909,897 | -€28,104 | -3.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | - | €300,000 | +€300,000 | |
| Issued capital | 100 | - | €300,000 | +€300,000 | |
| Reserves | 13 | €852,427 | €852,427 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €30,000 | +€30,000 | |
| Legal reserve | 130 | - | €30,000 | +€30,000 | |
| Distributable reserves | 133 | - | €822,427 | +€822,427 | |
| Profit (loss) carried forward | 14 | -€214,426 | -€242,530 | -€28,104 | -13.1% |
| Amounts payable | 17/49 | €10,962,810 | €11,910,796 | +€947,986 | +8.6% |
| Amounts payable after more than one year | 17 | €3,707,356 | €4,418,900 | +€711,543 | +19.2% |
| Financial debts | 170/4 | - | €4,418,900 | +€4.4m | |
| Amounts payable within one year | 42/48 | €7,255,454 | €7,491,897 | +€236,443 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | - | €911,438 | +€911,438 | |
| Financial debts | 43 | - | €1,617,002 | +€1.6m | |
| Credit institutions | 430/8 | - | €1,617,002 | +€1.6m | |
| Trade debts | 44 | €233,276 | €268,039 | +€34,763 | +14.9% |
| Suppliers | 440/4 | - | €268,039 | +€268,039 | |
| Taxes, remuneration and social security | 45 | - | €136,275 | +€136,275 | |
| Taxes | 450/3 | - | €136,275 | +€136,275 | |
| Other amounts payable | 47/48 | - | €4,559,143 | +€4.6m | |
| Non-recurring operating income | 76A | - | €100,373 | +€100,373 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285,673 | €196,116 | -€89,557 | -31.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,257 | +€3,257 | |
| Other operating charges | 640/8 | - | €43,686 | +€43,686 | |
| Non-recurring operating charges | 66A | - | €74,676 | +€74,676 | |
| Gross operating margin | 9900 | €510,081 | €590,168 | +€80,087 | +15.7% |
| Operating profit (loss) | 9901 | €139,518 | €272,433 | +€132,914 | +95.3% |
| Financial income | 75/76B | - | €1,695 | +€1,695 | |
| Recurring financial income | 75 | €64 | €1,695 | +€1,631 | +2561.9% |
| Non-recurring financial income | 76B | - | €1,695 | +€1,695 | |
| Financial charges | 65/66B | - | €272,278 | +€272,278 | |
| Recurring financial charges | 65 | €240,042 | €272,278 | +€32,235 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€94,507 | €1,850 | +€96,357 | |
| Income taxes | 67/77 | €32,777 | €29,954 | -€2,824 | -8.6% |
| Profit (loss) for the period | 9904 | -€127,285 | -€28,104 | +€99,180 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,285 | -€28,104 | +€99,180 | +77.9% |
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 5 October 2026 via checked.be.