GLOBAL PROJECT: 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.
GLOBAL PROJECT
Largest movements
- Receivables within one year +€100,461
up €100,461 (+573.3%), from €17,525 to €117,986
of which Trade receivables: +€74,437
- Cash -€1,362
down €1,362 (-39.4%), from €3,457 to €2,095
mainly Receivables within one year (-€100,461)
- Trade debts +€63,864
up €63,864 (+1102.1%), from €5,795 to €69,659
- Profit (loss) carried forward +€34,018
up €34,018 (+346.1%), from €9,828 to €43,846
- Purchases and services +€132,276
new in 2021: €132,276
- Turnover +€101,545
up €101,545 (+155.9%), from €65,138 to €166,683
- Gross operating margin +€23,870
up €23,870 (+226.5%), from €10,538 to €34,408
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 | €24,059 | €121,941 | +€97,882 | +406.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,077 | €1,860 | -€1,217 | -39.5% |
| Tangible fixed assets | 22/27 | €3,077 | €1,860 | -€1,217 | -39.5% |
| Furniture and vehicles | 24 | - | €1,860 | +€1,860 | |
| Current assets | 29/58 | €20,982 | €120,081 | +€99,099 | +472.3% |
| Amounts receivable within one year | 40/41 | €17,525 | €117,986 | +€100,461 | +573.3% |
| Trade receivables | 40 | - | €74,437 | +€74,437 | |
| Other amounts receivable | 41 | - | €43,549 | +€43,549 | |
| Cash at bank and in hand | 54/58 | €3,457 | €2,095 | -€1,362 | -39.4% |
| Total equity and liabilities | 10/49 | €24,059 | €121,941 | +€97,882 | +406.8% |
| Equity | 10/15 | €18,264 | €52,282 | +€34,018 | +186.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Issued capital | 100 | - | €0 | = | |
| Contributions outside capital | 11 | - | €6,500 | +€6,500 | |
| Share premium | 1100/10 | - | €6,500 | +€6,500 | |
| Reserves | 13 | €1,936 | €1,936 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,936 | +€1,936 | |
| Legal reserve | 130 | - | €0 | = | |
| Other | 1319 | - | €1,936 | +€1,936 | |
| Profit (loss) carried forward | 14 | €9,828 | €43,846 | +€34,018 | +346.1% |
| Amounts payable | 17/49 | €5,795 | €69,659 | +€63,864 | +1102.1% |
| Amounts payable within one year | 42/48 | €5,795 | €69,659 | +€63,864 | +1102.1% |
| Trade debts | 44 | €5,795 | €69,659 | +€63,864 | +1102.1% |
| Suppliers | 440/4 | - | €69,659 | +€69,659 | |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Turnover | 70 | €65,138 | €166,683 | +€101,545 | +155.9% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €132,276 | +€132,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573 | €1,217 | +€643 | +112.2% |
| Other operating charges | 640/8 | - | €500 | +€500 | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €10,538 | €34,408 | +€23,870 | +226.5% |
| Operating profit (loss) | 9901 | €9,965 | €32,691 | +€22,727 | +228.1% |
| Financial income | 75/76B | - | €1,651 | +€1,651 | |
| Recurring financial income | 75 | €1,100 | €1,651 | +€551 | +50.1% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | - | €324 | +€324 | |
| Recurring financial charges | 65 | €290 | €324 | +€34 | +11.6% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €10,774 | €34,018 | +€23,244 | +215.7% |
| Income taxes | 67/77 | €1,508 | €0 | -€1,508 | -100.0% |
| Profit (loss) for the period | 9904 | €9,266 | €34,018 | +€24,752 | +267.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,266 | €34,018 | +€24,752 | +267.1% |
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 9 October 2026 via checked.be.