Financelis: 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.
Financelis
Largest movements
- Receivables within one year +€192,359
up €192,359 (+8912.2%), from €2,158 to €194,518
of which Other amounts receivable: +€194,281
- Cash -€98,560
down €98,560 (-55.2%), from €178,610 to €80,049
mainly Receivables within one year (-€192,359) and Contributions, distributions and other (-€45,000)
- Tangible fixed assets -€19,347
down €19,347 (-33.6%), from €57,606 to €38,259
- Debts within one year +€40,358
up €40,358 (+119.6%), from €33,755 to €74,113
of which Other debts: +€45,000
- Equity +€34,107
up €34,107 (+16.6%), from €205,645 to €239,752
of which Profit (loss) carried forward: +€34,107
- Gross operating margin -€13,080
down €13,080 (-9.8%), from €132,802 to €119,722
- Taxes -€2,376
down €2,376 (-10.4%), from €22,847 to €20,471
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.
Cash bridge derived
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 | €239,400 | €313,864 | +€74,464 | +31.1% |
| Fixed assets | 21/28 | €58,566 | €39,219 | -€19,347 | -33.0% |
| Tangible fixed assets | 22/27 | €57,606 | €38,259 | -€19,347 | -33.6% |
| Plant, machinery and equipment | 23 | - | €240 | +€240 | |
| Furniture and vehicles | 24 | - | €38,019 | +€38,019 | |
| Financial fixed assets | 28 | €960 | €960 | = | 0.0% |
| Current assets | 29/58 | €180,834 | €274,645 | +€93,811 | +51.9% |
| Amounts receivable within one year | 40/41 | €2,158 | €194,518 | +€192,359 | +8912.2% |
| Trade receivables | 40 | - | €237 | +€237 | |
| Other amounts receivable | 41 | - | €194,281 | +€194,281 | |
| Cash at bank and in hand | 54/58 | €178,610 | €80,049 | -€98,560 | -55.2% |
| Deferred charges and accrued income | 490/1 | - | €78 | +€78 | |
| Total equity and liabilities | 10/49 | €239,400 | €313,864 | +€74,464 | +31.1% |
| Equity | 10/15 | €205,645 | €239,752 | +€34,107 | +16.6% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €137,045 | €137,045 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | - | €15,074 | +€15,074 | |
| Distributable reserves | 133 | - | €120,111 | +€120,111 | |
| Profit (loss) carried forward | 14 | €50,000 | €84,107 | +€34,107 | +68.2% |
| Amounts payable | 17/49 | €33,755 | €74,113 | +€40,358 | +119.6% |
| Amounts payable within one year | 42/48 | €33,755 | €74,113 | +€40,358 | +119.6% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Other loans | 439 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | - | €4,692 | +€4,692 | |
| Suppliers | 440/4 | - | €4,692 | +€4,692 | |
| Taxes, remuneration and social security | 45 | - | €4,421 | +€4,421 | |
| Taxes | 450/3 | - | €4,421 | +€4,421 | |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,744 | €19,347 | -€398 | -2.0% |
| Other operating charges | 640/8 | - | €725 | +€725 | |
| Gross operating margin | 9900 | €132,802 | €119,722 | -€13,080 | -9.8% |
| Operating profit (loss) | 9901 | €112,610 | €99,651 | -€12,960 | -11.5% |
| Financial charges | 65/66B | - | €73 | +€73 | |
| Recurring financial charges | 65 | €340 | €73 | -€267 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €111,943 | €99,578 | -€12,365 | -11.0% |
| Income taxes | 67/77 | €22,847 | €20,471 | -€2,376 | -10.4% |
| Profit (loss) for the period | 9904 | €89,096 | €79,107 | -€9,989 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,114 | €79,107 | -€12,007 | -13.2% |
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 2 October 2026 via checked.be.