FIXATTI: 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
FIXATTI
NACE 20.590, Manufacture of chemicals and chemical products
fiscal year 2020 against 2021filed annual accounts (NBB)
Net result for the year
€5.2m
2020 · €1.2m+€4.0m
Equity
€10.2m
2020 · €5.0m+€5.2m
Cash
€13,557
2020 · €1.4m-€1.4m
Balance sheet total
€28.9m
2020 · €13.3m+€15.6m
Largest movements
Assets
- Financial fixed assets +€12.3m
up €12.3m (+12677.5%), from €96,792 to €12.4m
of which Affiliated companies: +€12.3m
- Receivables within one year +€4.0m
up €4.0m (+70.8%), from €5.7m to €9.7m
of which Trade receivables: +€5.0m
- Cash -€1.4m
down €1.4m (-99.0%), from €1.4m to €13,557
mainly Investment in fixed assets (net) (-€12.7m) and Receivables within one year (-€4.0m)
- Stocks and contracts +€1.0m
up €1.0m (+51.1%), from €2.0m to €3.0m
- Tangible fixed assets -€335,419
down €335,419 (-8.5%), from €3.9m to €3.6m
of which Plant, machinery and equipment: -€360,930
Equity and liabilities
- Other debts +€12.1m
up €12.1m (+346.4%), from €3.5m to €15.6m
- Profit (loss) carried forward +€5.2m
up €5.2m (+241.3%), from €2.2m to €7.4m
- Trade debts -€1.7m
down €1.7m (-39.5%), from €4.3m to €2.6m
Income statement
- Goods and materials +€6.1m
up €6.1m (+67.3%), from €9.0m to €15.1m
of which Purchases: +€6.3m
- Turnover +€4.2m
up €4.2m (+24.5%), from €17.3m to €21.5m
- Taxes +€1.8m
new in 2021: €1.8m
- Financial income -€1.2m
down €1.2m (-87.7%), from €1.4m to €167,927
of which Non-recurring financial income: -€1.2m
- Services and other goods -€969,944
down €969,944 (-25.6%), from €3.8m to €2.8m
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
€1.2m
Turnover
+€4.2m
Other operating income
+€8,138
Goods and materials
-€6.1m
Services and other goods
+€969,944
Staff costs
-€465,284
Depreciation
-€38,370
Write-downs
-€70,395
Provisions
+€52,454
Other operating charges
-€6,928
Other operating items
+€8.3m
Financial income
-€1.2m
Financial charges
+€138,968
Taxes
-€1.8m
Result 2021
€5.2m
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.
From operations
+€11.5m
Investment
-€12.7m
Financing
-€150,000
Cash 2020
€1.4m
From operations (derived)
+€11.5m
Net result for the year
+€5.2m
Depreciation
+€776,201
Stocks and contracts
-€1.0m
Receivables within one year
-€4.0m
Smaller working-capital items
+€9,472
Provisions
-€47,695
Trade debts
-€1.7m
Tax, wage and social debts
+€139,345
Other debts
+€12.1m
Investment (derived)
-€12.7m
Investment in fixed assets (net)
-€12.7m
Financing
-€150,000
Short-term financial debts
-€150,000
Cash 2021
€13,557
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,340,396 | €28,895,428 | +€15.6m | +116.6% |
| Fixed assets | 21/28 | €4,186,481 | €16,118,072 | +€11.9m | +285.0% |
| Intangible fixed assets | 21 | €152,096 | €148,278 | -€3,818 | -2.5% |
| Tangible fixed assets | 22/27 | €3,937,593 | €3,602,174 | -€335,419 | -8.5% |
| Land and buildings | 22 | €852,494 | €809,353 | -€43,141 | -5.1% |
| Plant, machinery and equipment | 23 | €2,994,015 | €2,633,085 | -€360,930 | -12.1% |
| Furniture and vehicles | 24 | €67,660 | €101,934 | +€34,274 | +50.7% |
| Other tangible fixed assets | 26 | €2,331 | - | -€2,331 | |
| Assets under construction and advance payments | 27 | €21,093 | €57,802 | +€36,709 | +174.0% |
| Financial fixed assets | 28 | €96,792 | €12,367,620 | +€12.3m | +12677.5% |
| Affiliated companies | 280/1 | €89,999 | €12,360,827 | +€12.3m | +13634.4% |
| Participating interests | 280 | €89,999 | €12,360,827 | +€12.3m | +13634.4% |
| Other financial fixed assets | 284/8 | €6,793 | €6,793 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,793 | €6,793 | = | 0.0% |
| Current assets | 29/58 | €9,153,915 | €12,777,356 | +€3.6m | +39.6% |
| Stocks and contracts in progress | 3 | €2,002,763 | €3,026,194 | +€1.0m | +51.1% |
| Stocks | 30/36 | €2,002,763 | €3,026,194 | +€1.0m | +51.1% |
| Raw materials and consumables | 30/31 | €697,842 | €863,702 | +€165,860 | +23.8% |
| Finished goods | 33 | €1,304,921 | €2,162,492 | +€857,571 | +65.7% |
| Amounts receivable within one year | 40/41 | €5,688,593 | €9,714,109 | +€4.0m | +70.8% |
| Trade receivables | 40 | €3,678,305 | €8,654,265 | +€5.0m | +135.3% |
| Other amounts receivable | 41 | €2,010,288 | €1,059,844 | -€950,444 | -47.3% |
| Cash at bank and in hand | 54/58 | €1,417,235 | €13,557 | -€1.4m | -99.0% |
| Deferred charges and accrued income | 490/1 | €45,324 | €23,496 | -€21,828 | -48.2% |
| Total equity and liabilities | 10/49 | €13,340,395 | €28,895,427 | +€15.6m | +116.6% |
| Equity | 10/15 | €5,005,283 | €10,203,995 | +€5.2m | +103.9% |
| Contributions | 10/11 | €2,120,000 | €2,120,000 | = | 0.0% |
| Capital | 10 | €2,120,000 | €2,120,000 | = | 0.0% |
| Issued capital | 100 | €2,120,000 | €2,120,000 | = | 0.0% |
| Reserves | 13 | €730,603 | €730,603 | = | 0.0% |
| Non-distributable reserves | 130/1 | €212,000 | €212,000 | = | 0.0% |
| Legal reserve | 130 | €212,000 | €212,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,603 | €18,603 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,154,680 | €7,353,392 | +€5.2m | +241.3% |
| Provisions and deferred taxes | 16 | €76,206 | €28,511 | -€47,695 | -62.6% |
| Provisions for liabilities and charges | 160/5 | €76,206 | €28,511 | -€47,695 | -62.6% |
| Other liabilities and charges | 164/5 | €76,206 | €28,511 | -€47,695 | -62.6% |
| Amounts payable | 17/49 | €8,258,906 | €18,662,921 | +€10.4m | +126.0% |
| Amounts payable within one year | 42/48 | €8,246,542 | €18,662,913 | +€10.4m | +126.3% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €4,337,026 | €2,622,198 | -€1.7m | -39.5% |
| Suppliers | 440/4 | €4,337,026 | €2,622,198 | -€1.7m | -39.5% |
| Taxes, remuneration and social security | 45 | €254,444 | €393,789 | +€139,345 | +54.8% |
| Taxes | 450/3 | €70,501 | €66,284 | -€4,217 | -6.0% |
| Remuneration and social security | 454/9 | €183,943 | €327,505 | +€143,562 | +78.0% |
| Other amounts payable | 47/48 | €3,505,072 | €15,646,926 | +€12.1m | +346.4% |
| Accrued charges and deferred income | 492/3 | €12,364 | €8 | -€12,356 | -99.9% |
| Operating income | 70/76A | €15,697,476 | €28,618,194 | +€12.9m | +82.3% |
| Turnover | 70 | €17,251,645 | €21,476,049 | +€4.2m | +24.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,695,416 | €1,002,779 | +€2.7m | |
| Other operating income | 74 | €122,423 | €130,561 | +€8,138 | +6.6% |
| Non-recurring operating income | 76A | €18,824 | €6,008,805 | +€6.0m | +31821.0% |
| Operating charges | 60/66A | €15,538,414 | €21,572,231 | +€6.0m | +38.8% |
| Goods for resale, raw materials and consumables | 60 | €9,042,564 | €15,125,872 | +€6.1m | +67.3% |
| Purchases | 600/8 | €8,960,709 | €15,230,845 | +€6.3m | +70.0% |
| Change in stocks: decrease (increase) | 609 | €81,855 | -€104,973 | -€186,828 | |
| Services and other goods | 61 | €3,792,296 | €2,822,352 | -€969,944 | -25.6% |
| Remuneration, social security and pensions | 62 | €1,890,325 | €2,355,609 | +€465,284 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €737,831 | €776,201 | +€38,370 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,925 | €84,320 | +€70,395 | +505.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €4,759 | -€47,695 | -€52,454 | |
| Other operating charges | 640/8 | €29,644 | €36,572 | +€6,928 | +23.4% |
| Non-recurring operating charges | 66A | €27,070 | €419,000 | +€391,930 | +1447.8% |
| Operating profit (loss) | 9901 | €159,062 | €7,045,963 | +€6.9m | +4329.7% |
| Financial income | 75/76B | €1,367,333 | €167,927 | -€1.2m | -87.7% |
| Recurring financial income | 75 | €123,900 | €167,927 | +€44,027 | +35.5% |
| Income from current assets | 751 | €41,810 | - | -€41,810 | |
| Other financial income | 752/9 | €82,090 | €167,927 | +€85,837 | +104.6% |
| Non-recurring financial income | 76B | €1,243,433 | - | -€1.2m | |
| Financial charges | 65/66B | €345,278 | €206,310 | -€138,968 | -40.2% |
| Recurring financial charges | 65 | €345,278 | €206,310 | -€138,968 | -40.2% |
| Debt charges | 650 | €62,738 | €25,229 | -€37,509 | -59.8% |
| Other financial charges | 652/9 | €282,540 | €181,081 | -€101,459 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €1,181,117 | €7,007,580 | +€5.8m | +493.3% |
| Income taxes | 67/77 | - | €1,808,868 | +€1.8m | |
| Taxes | 670/3 | - | €1,808,868 | +€1.8m | |
| Profit (loss) for the period | 9904 | €1,181,117 | €5,198,712 | +€4.0m | +340.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,181,117 | €5,198,712 | +€4.0m | +340.2% |
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 1 October 2026 via checked.be.