HAY MAN: 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.
HAY MAN
Largest movements
- Current assets +€18,340
up €18,340 (+22.6%), from €81,286 to €99,626
of which Cash: +€12,999
- Tangible fixed assets -€4,391
down €4,391 (-23.2%), from €18,890 to €14,499
- Equity +€17,587
up €17,587 (+27.2%), from €64,575 to €82,162
of which Reserves: +€17,500
- Debts -€3,638
down €3,638 (-10.2%), from €35,601 to €31,963
of which Debts after one year: -€4,206
- Gross operating margin +€4,518
up €4,518 (+16.0%), from €28,265 to €32,783
- Taxes +€1,082
up €1,082 (+17.2%), from €6,300 to €7,382
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.
Derived cash bridge
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 | €100,176 | €114,125 | +€13,949 | +13.9% |
| Fixed assets | 21/28 | €18,890 | €14,499 | -€4,391 | -23.2% |
| Tangible fixed assets | 22/27 | €18,890 | €14,499 | -€4,391 | -23.2% |
| Current assets | 29/58 | €81,286 | €99,626 | +€18,340 | +22.6% |
| Amounts receivable within one year | 40/41 | €4,305 | €5,977 | +€1,672 | +38.8% |
| Current investments | 50/53 | €13,750 | €18,000 | +€4,250 | +30.9% |
| Cash at bank and in hand | 54/58 | €62,650 | €75,649 | +€12,999 | +20.7% |
| Total equity and liabilities | 10/49 | €100,176 | €114,125 | +€13,949 | +13.9% |
| Equity | 10/15 | €64,575 | €82,162 | +€17,587 | +27.2% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €36,260 | €53,760 | +€17,500 | +48.3% |
| Profit (loss) carried forward | 14 | €22,115 | €22,202 | +€87 | +0.4% |
| Amounts payable | 17/49 | €35,601 | €31,963 | -€3,638 | -10.2% |
| Amounts payable after more than one year | 17 | €4,206 | - | -€4,206 | |
| Amounts payable within one year | 42/48 | €30,889 | €31,371 | +€482 | +1.6% |
| Trade debts | 44 | €576 | €109 | -€467 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,215 | €6,254 | +€39 | +0.6% |
| Gross operating margin | 9900 | €28,265 | €32,783 | +€4,518 | +16.0% |
| Operating profit (loss) | 9901 | €21,226 | €25,661 | +€4,435 | +20.9% |
| Recurring financial charges | 65 | €659 | €692 | +€33 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €20,567 | €24,969 | +€4,402 | +21.4% |
| Income taxes | 67/77 | €6,300 | €7,382 | +€1,082 | +17.2% |
| Profit (loss) for the period | 9904 | €14,267 | €17,587 | +€3,320 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,267 | €17,587 | +€3,320 | +23.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.