F4U: 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.
F4U
Largest movements
- Current assets +€8,341
up €8,341 (+188%), from €4,440 to €12,781
of which Cash: +€6,904
- Equity +€19,277
up €19,277, from -€11,595 to €7,682
of which Profit (loss) carried forward: +€19,277
- Debts within one year -€10,936
down €10,936 (-68.2%), from €16,035 to €5,098
- Gross operating margin +€25,481
up €25,481 (+1,302%), from €1,957 to €27,438
- Taxes +€6,765
up €6,765 (+1,403%), from €482 to €7,247
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
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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,440 | €12,781 | +€8,341 | +188% |
| Current assets | 29/58 | €4,440 | €12,781 | +€8,341 | +188% |
| Amounts receivable within one year | 40/41 | €231 | €1,541 | +€1,310 | +567% |
| Cash at bank and in hand | 54/58 | €4,209 | €11,113 | +€6,904 | +164% |
| Total equity and liabilities | 10/49 | €4,440 | €12,781 | +€8,341 | +188% |
| Equity | 10/15 | -€11,595 | €7,682 | +€19,277 | |
| Contributions | 10/11 | €100 | - | -€100 | |
| Profit (loss) carried forward | 14 | -€11,695 | €7,582 | +€19,277 | |
| Amounts payable | 17/49 | €16,035 | €5,098 | -€10,936 | -68.2% |
| Amounts payable within one year | 42/48 | €16,035 | €5,098 | -€10,936 | -68.2% |
| Trade debts | 44 | €976 | €1,370 | +€394 | +40.4% |
| Gross operating margin | 9900 | €1,957 | €27,438 | +€25,481 | +1,302% |
| Operating profit (loss) | 9901 | €1,532 | €26,626 | +€25,094 | +1,638% |
| Recurring financial charges | 65 | €6 | €102 | +€96 | +1,629% |
| Profit (loss) for the period before taxes | 9903 | €1,526 | €26,524 | +€24,997 | +1,638% |
| Income taxes | 67/77 | €482 | €7,247 | +€6,765 | +1,403% |
| Profit (loss) for the period | 9904 | €1,044 | €19,277 | +€18,233 | +1,746% |
| Profit (loss) for the period to be appropriated | 9905 | €1,044 | €19,277 | +€18,233 | +1,746% |
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 15 October 2026 via checked.be.