Fondation Elounda: what changed
What changed
Fondation Elounda
filed annual accounts (NBB)
Net result for the year
-€9,364
2020 · €4,677-€14,041
Equity
€802,158
2020 · €811,522-€9,364
Cash
€534
2020 · €283+€251
Balance sheet total
€925,195
2020 · €951,563-€26,369
Largest movements
Assets
- Receivables within one year -€26,620
down €26,620 (-25.0%), from €106,416 to €79,796
Equity and liabilities
- Debts within one year -€21,005
down €21,005 (-16.6%), from €126,441 to €105,437
Income statement
- Gross operating margin -€9,328
down €9,328, from €3,990 to -€5,338
- Write-downs +€4,297
new in 2021: €4,297
- Financial income +€2,732
new in 2021: €2,732
- Financial charges +€2,314
new in 2021: €2,314
- Other operating charges +€148
new in 2021: €148
Change in the result, 2020 to 2021
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 2020
€4,677
Gross operating margin
-€9,328
Write-downs
-€4,297
Other operating charges
-€148
Other operating items
+€73
Financial income
+€2,732
Financial charges
-€2,314
Other financial items
-€759
Result 2021
-€9,364
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2020 and 2021 balance sheets and the 2021 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€251
Investment
€0
Financing
€0
Cash 2020
€283
From operations (derived)
+€251
Net result for the year
-€9,364
Receivables within one year
+€26,620
Debts within one year
-€21,005
Accrued charges and deferred income
+€4,000
Cash 2021
€534
brings cash intakes cash out
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €951,563 | €925,195 | -€26,369 | -2.8% |
| Fixed assets | 21/28 | €844,865 | €844,865 | = | 0.0% |
| Financial fixed assets | 28 | €844,865 | €844,865 | = | 0.0% |
| Current assets | 29/58 | €106,698 | €80,330 | -€26,369 | -24.7% |
| Amounts receivable within one year | 40/41 | €106,416 | €79,796 | -€26,620 | -25.0% |
| Other amounts receivable | 41 | - | €79,796 | +€79,796 | |
| Cash at bank and in hand | 54/58 | €283 | €534 | +€251 | +88.9% |
| Total equity and liabilities | 10/49 | €951,563 | €925,195 | -€26,369 | -2.8% |
| Equity | 10/15 | €811,522 | €802,158 | -€9,364 | -1.2% |
| Profit (loss) carried forward | 14 | -€19,743 | -€29,107 | -€9,364 | -47.4% |
| Amounts payable | 17/49 | €140,041 | €123,037 | -€17,005 | -12.1% |
| Amounts payable after more than one year | 17 | €13,600 | €13,600 | = | 0.0% |
| Financial debts | 170/4 | - | €13,600 | +€13,600 | |
| Amounts payable within one year | 42/48 | €126,441 | €105,437 | -€21,005 | -16.6% |
| Trade debts | 44 | €2,336 | €2,885 | +€549 | +23.5% |
| Suppliers | 440/4 | - | €2,885 | +€2,885 | |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,297 | +€4,297 | |
| Other operating charges | 640/8 | - | €148 | +€148 | |
| Gross operating margin | 9900 | €3,990 | -€5,338 | -€9,328 | |
| Operating profit (loss) | 9901 | €3,918 | -€9,782 | -€13,699 | |
| Financial income | 75/76B | - | €2,732 | +€2,732 | |
| Recurring financial income | 75 | €1,195 | €2,732 | +€1,536 | +129% |
| Financial charges | 65/66B | - | €2,314 | +€2,314 | |
| Recurring financial charges | 65 | €436 | €2,314 | +€1,878 | +430% |
| Profit (loss) for the period before taxes | 9903 | €4,677 | -€9,364 | -€14,041 | |
| Profit (loss) for the period | 9904 | €4,677 | -€9,364 | -€14,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,677 | -€9,364 | -€14,041 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.