GROTARS: 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.
GROTARS
Largest movements
- Current assets -€20,423
down €20,423 (-37.1%), from €55,030 to €34,607
of which Current investments: -€11,086
- Tangible fixed assets -€3,747
down €3,747 (-28.3%), from €13,235 to €9,488
- Debts within one year -€14,883
down €14,883 (-74.9%), from €19,872 to €4,989
- Profit (loss) carried forward -€9,287
down €9,287 (-33.1%), from €28,023 to €18,736
- Turnover -€12,040
no longer reported in 2020 (was €12,040)
- Gross operating margin -€10,339
down €10,339, from €4,722 to -€5,617
- Taxes -€805
down €805 (-52.8%), from €1,524 to €719
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,300 | €44,130 | -€24,170 | -35.4% |
| Fixed assets | 21/28 | €13,270 | €9,523 | -€3,747 | -28.2% |
| Tangible fixed assets | 22/27 | €13,235 | €9,488 | -€3,747 | -28.3% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €55,030 | €34,607 | -€20,423 | -37.1% |
| Amounts receivable within one year | 40/41 | €36,821 | €26,186 | -€10,635 | -28.9% |
| Current investments | 50/53 | €16,593 | €5,507 | -€11,086 | -66.8% |
| Cash at bank and in hand | 54/58 | €749 | €2,009 | +€1,260 | +168.2% |
| Total equity and liabilities | 10/49 | €68,300 | €44,130 | -€24,170 | -35.4% |
| Equity | 10/15 | €48,428 | €39,141 | -€9,287 | -19.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €18,905 | €18,905 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,023 | €18,736 | -€9,287 | -33.1% |
| Amounts payable | 17/49 | €19,872 | €4,989 | -€14,883 | -74.9% |
| Amounts payable within one year | 42/48 | €19,872 | €4,989 | -€14,883 | -74.9% |
| Trade debts | 44 | €10,023 | €4,989 | -€5,034 | -50.2% |
| Turnover | 70 | €12,040 | - | -€12,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,828 | €3,747 | -€81 | -2.1% |
| Gross operating margin | 9900 | €4,722 | -€5,617 | -€10,339 | |
| Operating profit (loss) | 9901 | €109 | -€10,113 | -€10,222 | |
| Recurring financial income | 75 | €2,751 | €2,443 | -€308 | -11.2% |
| Recurring financial charges | 65 | €171 | €279 | +€108 | +63.2% |
| Profit (loss) for the period before taxes | 9903 | €2,219 | -€8,567 | -€10,786 | |
| Income taxes | 67/77 | €1,524 | €719 | -€805 | -52.8% |
| Profit (loss) for the period | 9904 | €695 | -€9,286 | -€9,981 | |
| Profit (loss) for the period to be appropriated | 9905 | €695 | -€9,286 | -€9,981 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.