GLOSS: 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.
GLOSS
Largest movements
- Stocks and contracts +€22,611
new in 2021: €22,611
- Receivables within one year -€3,711
down €3,711 (-55.2%), from €6,719 to €3,008
of which Trade receivables: -€3,249
- Tangible fixed assets +€2,637
up €2,637 (+124.1%), from €2,125 to €4,763
of which Plant, machinery and equipment: +€3,262
- Cash +€1,567
up €1,567 (+408.6%), from €383 to €1,950
mainly Debts after one year (+€70,000) and Receivables within one year (+€3,711)
- Debts after one year +€70,000
new in 2021: €70,000
- Profit (loss) carried forward -€33,106
down €33,106 (-53.7%), from -€61,617 to -€94,723
- Other debts -€8,757
down €8,757 (-23.8%), from €36,811 to €28,055
- Trade debts -€5,247
no longer reported in 2021 (was €5,247)
- Gross operating margin -€18,102
down €18,102 (-142.3%), from -€12,717 to -€30,819
- Other operating charges -€4,549
down €4,549 (-80.4%), from €5,656 to €1,107
- Depreciation +€885
up €885 (+1136.2%), from €78 to €963
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 | €9,442 | €32,332 | +€22,890 | +242.4% |
| Fixed assets | 21/28 | €2,125 | €4,763 | +€2,637 | +124.1% |
| Tangible fixed assets | 22/27 | €2,125 | €4,763 | +€2,637 | +124.1% |
| Plant, machinery and equipment | 23 | €325 | €3,587 | +€3,262 | +1002.9% |
| Furniture and vehicles | 24 | €1,800 | €1,176 | -€624 | -34.7% |
| Current assets | 29/58 | €7,316 | €27,569 | +€20,253 | +276.8% |
| Stocks and contracts in progress | 3 | - | €22,611 | +€22,611 | |
| Stocks | 30/36 | - | €22,611 | +€22,611 | |
| Amounts receivable within one year | 40/41 | €6,719 | €3,008 | -€3,711 | -55.2% |
| Trade receivables | 40 | €3,249 | - | -€3,249 | |
| Other amounts receivable | 41 | €3,470 | €3,008 | -€462 | -13.3% |
| Cash at bank and in hand | 54/58 | €383 | €1,950 | +€1,567 | +408.6% |
| Deferred charges and accrued income | 490/1 | €214 | - | -€214 | |
| Total equity and liabilities | 10/49 | €9,442 | €32,332 | +€22,890 | +242.4% |
| Equity | 10/15 | -€32,617 | -€65,723 | -€33,106 | -101.5% |
| Contributions | 10/11 | €29,000 | €29,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,617 | -€94,723 | -€33,106 | -53.7% |
| Amounts payable | 17/49 | €42,058 | €98,055 | +€55,997 | +133.1% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Financial debts | 170/4 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €42,058 | €28,055 | -€14,004 | -33.3% |
| Trade debts | 44 | €5,247 | - | -€5,247 | |
| Suppliers | 440/4 | €5,247 | - | -€5,247 | |
| Other amounts payable | 47/48 | €36,811 | €28,055 | -€8,757 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78 | €963 | +€885 | +1136.2% |
| Other operating charges | 640/8 | €5,656 | €1,107 | -€4,549 | -80.4% |
| Gross operating margin | 9900 | -€12,717 | -€30,819 | -€18,102 | -142.3% |
| Operating profit (loss) | 9901 | -€18,451 | -€32,889 | -€14,438 | -78.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €277 | €217 | -€60 | -21.7% |
| Recurring financial charges | 65 | €277 | €217 | -€60 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,728 | -€33,106 | -€14,378 | -76.8% |
| Profit (loss) for the period | 9904 | -€18,728 | -€33,106 | -€14,378 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,728 | -€33,106 | -€14,378 | -76.8% |
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 8 October 2026 via checked.be.