FNB: 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.
FNB
Largest movements
- Receivables within one year -€25,287
down €25,287 (-27.3%), from €92,504 to €67,217
- Cash -€24,732
down €24,732 (-99.6%), from €24,819 to €87
mainly Contributions, distributions and other (-€32,000) and Net result for the year (-€9,961)
- Equity -€41,961
down €41,961 (-12.9%), from -€324,050 to -€366,012
of which Profit (loss) carried forward: -€41,961
- Debts -€8,057
down €8,057 (-1.8%), from €441,373 to €433,316
of which Debts within one year: -€7,307
- Gross operating margin +€61,872
up €61,872 (+88.4%), from -€69,979 to -€8,106
- Depreciation -€18,667
down €18,667 (-100%), from €18,667 to €0
- Financial charges +€1,211
new in 2021: €1,211
- Other operating charges +€804
new in 2021: €804
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.
Derived cash bridge
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 | €117,323 | €67,305 | -€50,018 | -42.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Current assets | 29/58 | €117,323 | €67,305 | -€50,018 | -42.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €92,504 | €67,217 | -€25,287 | -27.3% |
| Trade receivables | 40 | - | €2,789 | +€2,789 | |
| Other amounts receivable | 41 | - | €64,429 | +€64,429 | |
| Cash at bank and in hand | 54/58 | €24,819 | €87 | -€24,732 | -99.6% |
| Total equity and liabilities | 10/49 | €117,323 | €67,305 | -€50,018 | -42.6% |
| Equity | 10/15 | -€324,050 | -€366,012 | -€41,961 | -12.9% |
| Contributions | 10/11 | - | €60,000 | +€60,000 | |
| Reserves | 13 | €105 | €105 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €105 | +€105 | |
| Reserves not available under the articles | 1311 | - | €105 | +€105 | |
| Profit (loss) carried forward | 14 | -€384,155 | -€426,116 | -€41,961 | -10.9% |
| Amounts payable | 17/49 | €441,373 | €433,316 | -€8,057 | -1.8% |
| Amounts payable within one year | 42/48 | €440,623 | €433,316 | -€7,307 | -1.7% |
| Trade debts | 44 | €437,664 | €430,357 | -€7,307 | -1.7% |
| Suppliers | 440/4 | - | €430,357 | +€430,357 | |
| Taxes, remuneration and social security | 45 | - | €2,959 | +€2,959 | |
| Remuneration and social security | 454/9 | - | €2,959 | +€2,959 | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | - | -€160 | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,667 | €0 | -€18,667 | -100% |
| Other operating charges | 640/8 | - | €804 | +€804 | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | -€69,979 | -€8,106 | +€61,872 | +88.4% |
| Operating profit (loss) | 9901 | -€268,756 | -€8,750 | +€260,006 | +96.7% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | - | €1,211 | +€1,211 | |
| Recurring financial charges | 65 | €19,025 | €1,211 | -€17,814 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | -€287,780 | -€9,961 | +€277,819 | +96.5% |
| Profit (loss) for the period | 9904 | -€287,780 | -€9,961 | +€277,819 | +96.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€287,780 | -€9,961 | +€277,819 | +96.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.