HOUSE CONNECTION: 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.
HOUSE CONNECTION
Largest movements
- Tangible fixed assets -€279,875
down €279,875 (-61.7%), from €453,689 to €173,814
- Current assets -€90,492
down €90,492 (-11.5%), from €784,867 to €694,375
of which Stocks and contracts: -€138,846
- Debts after one year -€467,979
down €467,979 (-55.7%), from €840,919 to €372,940
- Debts within one year +€47,041
up €47,041 (+17.0%), from €277,311 to €324,352
of which Other debts: +€285,859
- Profit (loss) carried forward +€25,688
up €25,688 (+37.4%), from €68,621 to €94,309
- Reserves +€18,000
up €18,000 (+37.6%), from €47,860 to €65,860
of which Tax-exempt reserves: +€64,000
- Gross operating margin -€101,160
down €101,160 (-82.0%), from €123,391 to €22,231
- Depreciation -€4,565
down €4,565 (-41.5%), from €10,993 to €6,429
- Financial charges +€3,631
new in 2021: €3,631
- Staff costs +€1,422
new in 2021: €1,422
From the 2019 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,240,911 | €871,318 | -€369,593 | -29.8% |
| Fixed assets | 21/28 | €456,045 | €176,943 | -€279,101 | -61.2% |
| Tangible fixed assets | 22/27 | €453,689 | €173,814 | -€279,875 | -61.7% |
| Land and buildings | 22 | - | €170,919 | +€170,919 | |
| Plant, machinery and equipment | 23 | - | €2,895 | +€2,895 | |
| Financial fixed assets | 28 | €2,356 | €3,129 | +€773 | +32.8% |
| Current assets | 29/58 | €784,867 | €694,375 | -€90,492 | -11.5% |
| Stocks and contracts in progress | 3 | €723,559 | €584,713 | -€138,846 | -19.2% |
| Stocks | 30/36 | - | €584,713 | +€584,713 | |
| Amounts receivable within one year | 40/41 | €36,754 | €101,087 | +€64,333 | +175% |
| Trade receivables | 40 | - | €38,174 | +€38,174 | |
| Other amounts receivable | 41 | - | €62,913 | +€62,913 | |
| Cash at bank and in hand | 54/58 | €19,474 | €5,394 | -€14,080 | -72.3% |
| Deferred charges and accrued income | 490/1 | - | €3,181 | +€3,181 | |
| Total equity and liabilities | 10/49 | €1,240,911 | €871,318 | -€369,593 | -29.8% |
| Equity | 10/15 | €122,681 | €166,369 | +€43,688 | +35.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €47,860 | €65,860 | +€18,000 | +37.6% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | - | €64,000 | +€64,000 | |
| Profit (loss) carried forward | 14 | €68,621 | €94,309 | +€25,688 | +37.4% |
| Amounts payable | 17/49 | €1,118,230 | €704,949 | -€413,281 | -37.0% |
| Amounts payable after more than one year | 17 | €840,919 | €372,940 | -€467,979 | -55.7% |
| Financial debts | 170/4 | - | €372,940 | +€372,940 | |
| Amounts payable within one year | 42/48 | €277,311 | €324,352 | +€47,041 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | - | €22,635 | +€22,635 | |
| Trade debts | 44 | - | €2,927 | +€2,927 | |
| Suppliers | 440/4 | - | €2,927 | +€2,927 | |
| Advances received on contracts in progress | 46 | - | €9,243 | +€9,243 | |
| Taxes, remuneration and social security | 45 | - | €3,688 | +€3,688 | |
| Taxes | 450/3 | - | €3,688 | +€3,688 | |
| Other amounts payable | 47/48 | - | €285,859 | +€285,859 | |
| Accrued charges and deferred income | 492/3 | - | €7,657 | +€7,657 | |
| Remuneration, social security and pensions | 62 | - | €1,422 | +€1,422 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,993 | €6,429 | -€4,565 | -41.5% |
| Gross operating margin | 9900 | €123,391 | €22,231 | -€101,160 | -82.0% |
| Operating profit (loss) | 9901 | €81,143 | €14,380 | -€66,763 | -82.3% |
| Recurring financial income | 75 | €150 | - | -€150 | |
| Financial charges | 65/66B | - | €3,631 | +€3,631 | |
| Recurring financial charges | 65 | €20,187 | €3,631 | -€16,556 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €61,106 | €10,749 | -€50,357 | -82.4% |
| Income taxes | 67/77 | €3,097 | €2,150 | -€947 | -30.6% |
| Profit (loss) for the period | 9904 | €58,009 | €8,599 | -€49,410 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,009 | €8,599 | -€3,410 | -28.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.