GOBE 1: 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.
GOBE 1
Largest movements
- Tangible fixed assets -€46,416
down €46,416 (-7.2%), from €648,766 to €602,350
of which Land and buildings: -€40,957
- Receivables within one year +€19,955
up €19,955 (+348%), from €5,733 to €25,688
of which Trade receivables: +€23,958
- Current portion of long-term debt +€72,421
up €72,421 (+110%), from €66,097 to €138,518
- Debts after one year -€63,228
down €63,228 (-2.7%), from €2.3m to €2.3m
of which Financial debts: -€63,228
- Profit (loss) carried forward -€47,362
down €47,362 (-2.1%), from -€2.3m to -€2.4m
- Other debts -€16,626
down €16,626 (-13.1%), from €127,401 to €110,775
- Tax, wage and social debts +€15,000
up €15,000 (+6.3%), from €238,806 to €253,806
of which Remuneration and social security: +€27,500
- Financial income -€312,702
no longer reported in 2021 (was €312,702)
of which Financial income: -€312,702
- Taxes -€225,846
no longer reported in 2021 (was €225,846)
- Gross operating margin +€18,000
up €18,000, from -€5,266 to €12,734
- Other operating charges -€11,340
down €11,340 (-71.7%), from €15,811 to €4,471
- Financial charges -€1,331
down €1,331 (-12.6%), from €10,540 to €9,209
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 | €655,689 | €629,228 | -€26,461 | -4.0% |
| Fixed assets | 21/28 | €648,766 | €602,350 | -€46,416 | -7.2% |
| Tangible fixed assets | 22/27 | €648,766 | €602,350 | -€46,416 | -7.2% |
| Land and buildings | 22 | €639,516 | €598,559 | -€40,957 | -6.4% |
| Plant, machinery and equipment | 23 | €5,121 | €2,135 | -€2,986 | -58.3% |
| Furniture and vehicles | 24 | €4,129 | €1,656 | -€2,473 | -59.9% |
| Current assets | 29/58 | €6,923 | €26,878 | +€19,955 | +288% |
| Amounts receivable within one year | 40/41 | €5,733 | €25,688 | +€19,955 | +348% |
| Trade receivables | 40 | €1,666 | €25,624 | +€23,958 | +1,438% |
| Other amounts receivable | 41 | €4,067 | €64 | -€4,003 | -98.4% |
| Cash at bank and in hand | 54/58 | €1,190 | €1,190 | = | 0.0% |
| Total equity and liabilities | 10/49 | €655,689 | €629,228 | -€26,461 | -4.0% |
| Equity | 10/15 | -€2,125,488 | -€2,172,850 | -€47,362 | -2.2% |
| Contributions | 10/11 | €162,400 | €162,400 | = | 0.0% |
| Capital | 10 | €162,400 | €162,400 | = | 0.0% |
| Issued capital | 100 | €168,600 | €168,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €16,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,860 | €16,860 | = | 0.0% |
| Legal reserve | 130 | €16,860 | €16,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,304,748 | -€2,352,110 | -€47,362 | -2.1% |
| Amounts payable | 17/49 | €2,781,177 | €2,802,078 | +€20,901 | +0.8% |
| Amounts payable after more than one year | 17 | €2,317,486 | €2,254,258 | -€63,228 | -2.7% |
| Financial debts | 170/4 | €503,439 | €440,211 | -€63,228 | -12.6% |
| Other amounts payable | 178/9 | €1,814,047 | €1,814,047 | = | 0.0% |
| Amounts payable within one year | 42/48 | €463,343 | €544,932 | +€81,589 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €66,097 | €138,518 | +€72,421 | +110% |
| Trade debts | 44 | €31,039 | €41,833 | +€10,794 | +34.8% |
| Suppliers | 440/4 | €31,039 | €41,833 | +€10,794 | +34.8% |
| Taxes, remuneration and social security | 45 | €238,806 | €253,806 | +€15,000 | +6.3% |
| Taxes | 450/3 | €238,806 | €226,306 | -€12,500 | -5.2% |
| Remuneration and social security | 454/9 | - | €27,500 | +€27,500 | |
| Other amounts payable | 47/48 | €127,401 | €110,775 | -€16,626 | -13.1% |
| Accrued charges and deferred income | 492/3 | €348 | €2,888 | +€2,540 | +730% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,416 | €46,416 | = | 0.0% |
| Other operating charges | 640/8 | €15,811 | €4,471 | -€11,340 | -71.7% |
| Gross operating margin | 9900 | -€5,266 | €12,734 | +€18,000 | |
| Operating profit (loss) | 9901 | -€67,493 | -€38,153 | +€29,340 | +43.5% |
| Financial income | 75/76B | €312,702 | - | -€312,702 | |
| Recurring financial income | 75 | €312,702 | - | -€312,702 | |
| Non-recurring financial income | 76B | €312,702 | - | -€312,702 | |
| Financial charges | 65/66B | €10,540 | €9,209 | -€1,331 | -12.6% |
| Recurring financial charges | 65 | €10,540 | €9,209 | -€1,331 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €234,669 | -€47,362 | -€282,031 | |
| Income taxes | 67/77 | €225,846 | - | -€225,846 | |
| Profit (loss) for the period | 9904 | €8,823 | -€47,362 | -€56,185 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,823 | -€47,362 | -€56,185 |
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 23 October 2026 via checked.be.