FCF INVEST: what changed
What changed
FCF INVEST
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€155,798
2019 · €88,950+€66,848
Equity
€1.7m
2019 · €1.6m+€155,798
Cash
€9,801
2019 · €4,769+€5,032
Balance sheet total
€3.8m
2019 · €3.9m-€100,005
Largest movements
Assets
- Current investments -€78,000
down €78,000 (-9.2%), from €847,008 to €769,008
Equity and liabilities
- Debts within one year -€255,804
down €255,804 (-10.8%), from €2.4m to €2.1m
- Equity +€155,798
up €155,798 (+9.9%), from €1.6m to €1.7m
of which Reserves: +€155,798
Income statement
- Gross operating margin +€74,692
up €74,692 (+33.1%), from €225,656 to €300,348
- Taxes +€19,997
up €19,997 (+37.0%), from €54,074 to €74,071
Change in the result, 2019 to 2020
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2019
€88,950
Gross operating margin
+€74,692
Other operating items
+€642
Financial income
-€9,762
Financial charges
+€21,274
Taxes
-€19,997
Result 2020
€155,798
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2019 and 2020 balance sheets and the 2020 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€72,960
Investment
+€78,000
Financing
€0
Cash 2019
€4,769
From operations (derived)
-€72,960
Net result for the year
+€155,798
Depreciation
+€5,827
Receivables within one year
+€21,218
Debts within one year
-€255,804
Investment (derived)
+€78,000
Current investments
+€78,000
Not broken down
-€8
Cash 2020
€9,801
brings cash intakes cash outdifference in the filed balance sheets themselves
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,941,586 | €3,841,581 | -€100,005 | -2.5% |
| Fixed assets | 21/28 | €3,040,072 | €3,034,245 | -€5,827 | -0.2% |
| Tangible fixed assets | 22/27 | €11,655 | €5,827 | -€5,827 | -50.0% |
| Financial fixed assets | 28 | €3,028,418 | €3,028,418 | = | 0.0% |
| Current assets | 29/58 | €901,514 | €807,336 | -€94,178 | -10.4% |
| Amounts receivable within one year | 40/41 | €49,323 | €28,105 | -€21,218 | -43.0% |
| Current investments | 50/53 | €847,008 | €769,008 | -€78,000 | -9.2% |
| Cash at bank and in hand | 54/58 | €4,769 | €9,801 | +€5,032 | +106% |
| Total equity and liabilities | 10/49 | €3,941,586 | €3,841,581 | -€100,005 | -2.5% |
| Equity | 10/15 | €1,581,064 | €1,736,863 | +€155,798 | +9.9% |
| Contributions | 10/11 | €652,000 | - | -€652,000 | |
| Reserves | 13 | €929,064 | €1,084,863 | +€155,798 | +16.8% |
| Amounts payable | 17/49 | €2,360,522 | €2,104,718 | -€255,804 | -10.8% |
| Amounts payable within one year | 42/48 | €2,360,522 | €2,104,718 | -€255,804 | -10.8% |
| Trade debts | 44 | €3,652 | €1,396 | -€2,256 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,827 | €5,827 | = | 0.0% |
| Gross operating margin | 9900 | €225,656 | €300,348 | +€74,692 | +33.1% |
| Operating profit (loss) | 9901 | €217,877 | €293,211 | +€75,334 | +34.6% |
| Recurring financial income | 75 | €9,762 | - | -€9,762 | |
| Recurring financial charges | 65 | €84,615 | €63,341 | -€21,274 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €143,024 | €229,869 | +€86,845 | +60.7% |
| Income taxes | 67/77 | €54,074 | €74,071 | +€19,997 | +37.0% |
| Profit (loss) for the period | 9904 | €88,950 | €155,798 | +€66,848 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,950 | €155,798 | +€66,848 | +75.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.