Herlinde Burez: 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.
Herlinde Burez
Largest movements
- Current assets +€165,726
up €165,726 (+56.3%), from €294,275 to €460,001
of which Cash: +€131,961
- Tangible fixed assets -€27,034
down €27,034 (-14.2%), from €190,248 to €163,214
- Reserves +€155,882
up €155,882 (+49.0%), from €317,996 to €473,879
- Debts after one year -€16,800
down €16,800 (-15.6%), from €107,800 to €91,000
- Gross operating margin +€41,394
up €41,394 (+18.8%), from €220,763 to €262,157
- Taxes +€14,695
up €14,695 (+23.6%), from €62,238 to €76,932
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 | €486,583 | €625,275 | +€138,692 | +28.5% |
| Fixed assets | 21/28 | €192,308 | €165,274 | -€27,034 | -14.1% |
| Tangible fixed assets | 22/27 | €190,248 | €163,214 | -€27,034 | -14.2% |
| Financial fixed assets | 28 | €2,060 | €2,060 | = | 0.0% |
| Current assets | 29/58 | €294,275 | €460,001 | +€165,726 | +56.3% |
| Amounts receivable within one year | 40/41 | €971 | €34,630 | +€33,659 | +3,465% |
| Cash at bank and in hand | 54/58 | €292,238 | €424,199 | +€131,961 | +45.2% |
| Total equity and liabilities | 10/49 | €486,583 | €625,275 | +€138,692 | +28.5% |
| Equity | 10/15 | €340,618 | €496,501 | +€155,882 | +45.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €317,996 | €473,879 | +€155,882 | +49.0% |
| Profit (loss) carried forward | 14 | €10,222 | €10,222 | = | 0.0% |
| Amounts payable | 17/49 | €145,965 | €128,774 | -€17,190 | -11.8% |
| Amounts payable after more than one year | 17 | €107,800 | €91,000 | -€16,800 | -15.6% |
| Amounts payable within one year | 42/48 | €38,165 | €37,774 | -€390 | -1.0% |
| Trade debts | 44 | - | €1,887 | +€1,887 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,034 | €27,034 | = | 0.0% |
| Gross operating margin | 9900 | €220,763 | €262,157 | +€41,394 | +18.8% |
| Operating profit (loss) | 9901 | €192,471 | €235,070 | +€42,599 | +22.1% |
| Recurring financial income | 75 | €7,105 | - | -€7,105 | |
| Recurring financial charges | 65 | €2,578 | €2,255 | -€322 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €196,999 | €232,815 | +€35,816 | +18.2% |
| Income taxes | 67/77 | €62,238 | €76,932 | +€14,695 | +23.6% |
| Profit (loss) for the period | 9904 | €134,761 | €155,882 | +€21,121 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €134,761 | €155,882 | +€21,121 | +15.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2019 and 30 June 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.