FREDERIC ROBERT , AVOCAT: 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.
FREDERIC ROBERT , AVOCAT
Largest movements
- Receivables after one year -€32,435
no longer reported in 2021 (was €32,435)
- Current investments +€29,240
new in 2021: €29,240
- Receivables within one year +€19,141
up €19,141 (+176%), from €10,847 to €29,988
of which Other amounts receivable: +€18,854
- Deferred charges and accrued income -€3,403
no longer reported in 2021 (was €3,403)
- Tax, wage and social debts -€16,288
down €16,288 (-76.4%), from €21,327 to €5,039
- Provisions +€15,599
up €15,599 (+194,988%), from €8 to €15,607
- Profit (loss) carried forward +€11,674
up €11,674, from -€9,474 to €2,200
- Trade debts +€1,834
up €1,834 (+12.8%), from €14,326 to €16,160
- Purchases and services -€6,641
down €6,641 (-6.2%), from €107,249 to €100,608
- Turnover -€3,408
down €3,408 (-2.8%), from €120,769 to €117,361
- Gross operating margin +€3,235
up €3,235 (+23.9%), from €13,519 to €16,754
- Taxes +€2,625
new in 2021: €2,625
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 | €53,402 | €66,110 | +€12,708 | +23.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €6,717 | €6,717 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €6,717 | €6,717 | = | 0.0% |
| Furniture and vehicles | 24 | €389 | €389 | = | 0.0% |
| Other tangible fixed assets | 26 | €6,328 | €6,328 | = | 0.0% |
| Current assets | 29/58 | €46,685 | €59,393 | +€12,708 | +27.2% |
| Amounts receivable after more than one year | 29 | €32,435 | - | -€32,435 | |
| Trade receivables | 290 | €32,435 | - | -€32,435 | |
| Amounts receivable within one year | 40/41 | €10,847 | €29,988 | +€19,141 | +176% |
| Trade receivables | 40 | €10,847 | €11,134 | +€287 | +2.6% |
| Other amounts receivable | 41 | €0 | €18,854 | +€18,854 | |
| Current investments | 50/53 | - | €29,240 | +€29,240 | |
| Cash at bank and in hand | 54/58 | - | €165 | +€165 | |
| Deferred charges and accrued income | 490/1 | €3,403 | - | -€3,403 | |
| Total equity and liabilities | 10/49 | €53,402 | €66,110 | +€12,708 | +23.8% |
| Equity | 10/15 | €4,786 | €16,460 | +€11,674 | +244% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€9,474 | €2,200 | +€11,674 | |
| Provisions and deferred taxes | 16 | €8 | €15,607 | +€15,599 | +194,988% |
| Provisions for liabilities and charges | 160/5 | €8 | €15,607 | +€15,599 | +194,988% |
| Pensions and similar obligations | 160 | €8 | - | -€8 | |
| Taxes | 161 | - | €15,607 | +€15,607 | |
| Amounts payable | 17/49 | €48,608 | €34,043 | -€14,565 | -30.0% |
| Amounts payable within one year | 42/48 | €48,497 | €34,043 | -€14,454 | -29.8% |
| Financial debts | 43 | €12,844 | €12,844 | = | 0.0% |
| Credit institutions | 430/8 | €12,844 | €12,844 | = | 0.0% |
| Trade debts | 44 | €14,326 | €16,160 | +€1,834 | +12.8% |
| Suppliers | 440/4 | €14,326 | €16,160 | +€1,834 | +12.8% |
| Taxes, remuneration and social security | 45 | €21,327 | €5,039 | -€16,288 | -76.4% |
| Taxes | 450/3 | €21,327 | €5,039 | -€16,288 | -76.4% |
| Accrued charges and deferred income | 492/3 | €111 | - | -€111 | |
| Turnover | 70 | €120,769 | €117,361 | -€3,408 | -2.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €107,249 | €100,608 | -€6,641 | -6.2% |
| Other operating charges | 640/8 | €515 | €440 | -€75 | -14.6% |
| Gross operating margin | 9900 | €13,519 | €16,754 | +€3,235 | +23.9% |
| Operating profit (loss) | 9901 | €13,004 | €16,314 | +€3,310 | +25.5% |
| Financial charges | 65/66B | €2,087 | €2,015 | -€72 | -3.4% |
| Recurring financial charges | 65 | €2,087 | €2,015 | -€72 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €10,917 | €14,299 | +€3,382 | +31.0% |
| Income taxes | 67/77 | - | €2,625 | +€2,625 | |
| Profit (loss) for the period | 9904 | €10,917 | €11,674 | +€757 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,917 | €11,674 | +€757 | +6.9% |
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 15 October 2026 via checked.be.