GREEN: 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.
GREEN
Largest movements
- Receivables within one year +€8,271
up €8,271 (+23.4%), from €35,312 to €43,583
of which Other amounts receivable: +€33,508
- Cash -€5,726
down €5,726 (-36.1%), from €15,842 to €10,116
mainly Debts after one year (-€10,549) and Receivables within one year (-€8,271)
- Tangible fixed assets -€3,458
down €3,458 (-5.2%), from €65,902 to €62,443
- Debts after one year -€10,549
down €10,549 (-31.5%), from €33,484 to €22,935
- Debts within one year +€5,710
up €5,710 (+27.4%), from €20,807 to €26,517
of which Current portion of long-term debt: +€15,578
- Equity +€4,834
up €4,834 (+7.2%), from €67,170 to €72,003
of which Contributions: +€6,200
- Gross operating margin -€16,226
down €16,226 (-53.1%), from €30,560 to €14,334
- Financial charges +€3,837
new in 2021: €3,837
- Financial income +€2,728
new in 2021: €2,728
of which Non-recurring financial income: +€2,728
- Other operating charges +€2,515
new in 2021: €2,515
- Taxes -€356
down €356 (-12.8%), from €2,774 to €2,418
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 | €121,461 | €121,455 | -€6 | 0.0% |
| Fixed assets | 21/28 | €66,052 | €62,593 | -€3,458 | -5.2% |
| Tangible fixed assets | 22/27 | €65,902 | €62,443 | -€3,458 | -5.2% |
| Land and buildings | 22 | - | €62,443 | +€62,443 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €55,410 | €58,862 | +€3,452 | +6.2% |
| Stocks and contracts in progress | 3 | €4,255 | €4,135 | -€120 | -2.8% |
| Stocks | 30/36 | - | €4,135 | +€4,135 | |
| Amounts receivable within one year | 40/41 | €35,312 | €43,583 | +€8,271 | +23.4% |
| Trade receivables | 40 | - | €10,075 | +€10,075 | |
| Other amounts receivable | 41 | - | €33,508 | +€33,508 | |
| Cash at bank and in hand | 54/58 | €15,842 | €10,116 | -€5,726 | -36.1% |
| Deferred charges and accrued income | 490/1 | - | €1,028 | +€1,028 | |
| Total equity and liabilities | 10/49 | €121,461 | €121,455 | -€6 | 0.0% |
| Equity | 10/15 | €67,170 | €72,003 | +€4,834 | +7.2% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €59,110 | €63,943 | +€4,834 | +8.2% |
| Amounts payable | 17/49 | €54,291 | €49,452 | -€4,839 | -8.9% |
| Amounts payable after more than one year | 17 | €33,484 | €22,935 | -€10,549 | -31.5% |
| Financial debts | 170/4 | - | €22,935 | +€22,935 | |
| Amounts payable within one year | 42/48 | €20,807 | €26,517 | +€5,710 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | - | €15,578 | +€15,578 | |
| Financial debts | 43 | - | €1,711 | +€1,711 | |
| Credit institutions | 430/8 | - | €1,711 | +€1,711 | |
| Trade debts | 44 | €3,371 | €5,954 | +€2,583 | +76.6% |
| Suppliers | 440/4 | - | €5,954 | +€5,954 | |
| Taxes, remuneration and social security | 45 | - | €3,274 | +€3,274 | |
| Taxes | 450/3 | - | €3,274 | +€3,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,458 | €3,458 | = | 0.0% |
| Other operating charges | 640/8 | - | €2,515 | +€2,515 | |
| Gross operating margin | 9900 | €30,560 | €14,334 | -€16,226 | -53.1% |
| Operating profit (loss) | 9901 | €25,460 | €8,361 | -€17,100 | -67.2% |
| Financial income | 75/76B | - | €2,728 | +€2,728 | |
| Recurring financial income | 75 | €8,500 | €2,728 | -€5,772 | -67.9% |
| Non-recurring financial income | 76B | - | €2,728 | +€2,728 | |
| Financial charges | 65/66B | - | €3,837 | +€3,837 | |
| Recurring financial charges | 65 | €10,375 | €3,837 | -€6,538 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €19,423 | €7,252 | -€12,171 | -62.7% |
| Income taxes | 67/77 | €2,774 | €2,418 | -€356 | -12.8% |
| Profit (loss) for the period | 9904 | €16,649 | €4,834 | -€11,815 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,649 | €4,834 | -€11,815 | -71.0% |
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 7 October 2026 via checked.be.