IL SOLE: 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.
IL SOLE
Largest movements
- Current assets +€30,096
up €30,096 (+78.4%), from €38,377 to €68,473
of which Cash: +€19,426
- Tangible fixed assets +€21,944
up €21,944 (+19.9%), from €110,323 to €132,267
of which Plant, machinery and equipment: +€103,956
- Debts within one year +€48,568
up €48,568 (+56.7%), from €85,630 to €134,198
of which Other debts: +€76,326
- Equity +€3,472
up €3,472 (+6.3%), from -€55,308 to -€51,836
of which Contributions: +€18,592
- Staff costs +€55,622
new in 2021: €55,622
- Gross operating margin +€15,628
up €15,628 (+24.8%), from €62,953 to €78,581
- Financial income +€14,024
new in 2021: €14,024
of which Non-recurring financial income: +€13,923
- Depreciation +€11,576
up €11,576 (+59.4%), from €19,477 to €31,053
- Taxes -€5,910
down €5,910 (-97.1%), from €6,086 to €177
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
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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,700 | €200,740 | +€52,040 | +35.0% |
| Fixed assets | 21/28 | €110,323 | €132,267 | +€21,944 | +19.9% |
| Tangible fixed assets | 22/27 | €110,323 | €132,267 | +€21,944 | +19.9% |
| Plant, machinery and equipment | 23 | - | €103,956 | +€103,956 | |
| Furniture and vehicles | 24 | - | €28,311 | +€28,311 | |
| Current assets | 29/58 | €38,377 | €68,473 | +€30,096 | +78.4% |
| Stocks and contracts in progress | 3 | €28,902 | €36,202 | +€7,300 | +25.3% |
| Stocks | 30/36 | - | €36,202 | +€36,202 | |
| Amounts receivable within one year | 40/41 | €1,991 | €1,814 | -€177 | -8.9% |
| Other amounts receivable | 41 | - | €1,814 | +€1,814 | |
| Cash at bank and in hand | 54/58 | €7,433 | €26,859 | +€19,426 | +261.3% |
| Deferred charges and accrued income | 490/1 | - | €3,598 | +€3,598 | |
| Total equity and liabilities | 10/49 | €148,700 | €200,740 | +€52,040 | +35.0% |
| Equity | 10/15 | -€55,308 | -€51,836 | +€3,472 | +6.3% |
| Contributions | 10/11 | - | €18,592 | +€18,592 | |
| Profit (loss) carried forward | 14 | -€73,900 | -€70,428 | +€3,472 | +4.7% |
| Amounts payable | 17/49 | €204,008 | €252,576 | +€48,568 | +23.8% |
| Amounts payable after more than one year | 17 | €118,379 | €118,379 | = | 0.0% |
| Other amounts payable | 178/9 | - | €118,379 | +€118,379 | |
| Amounts payable within one year | 42/48 | €85,630 | €134,198 | +€48,568 | +56.7% |
| Trade debts | 44 | €55,994 | €38,702 | -€17,292 | -30.9% |
| Suppliers | 440/4 | - | €38,702 | +€38,702 | |
| Taxes, remuneration and social security | 45 | - | €19,170 | +€19,170 | |
| Taxes | 450/3 | - | €9,592 | +€9,592 | |
| Remuneration and social security | 454/9 | - | €9,578 | +€9,578 | |
| Other amounts payable | 47/48 | - | €76,326 | +€76,326 | |
| Non-recurring operating income | 76A | - | €294 | +€294 | |
| Remuneration, social security and pensions | 62 | - | €55,622 | +€55,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,477 | €31,053 | +€11,576 | +59.4% |
| Other operating charges | 640/8 | - | €1,587 | +€1,587 | |
| Gross operating margin | 9900 | €62,953 | €78,581 | +€15,628 | +24.8% |
| Operating profit (loss) | 9901 | €32,159 | -€9,680 | -€41,840 | |
| Financial income | 75/76B | - | €14,024 | +€14,024 | |
| Recurring financial income | 75 | €0 | €101 | +€101 | |
| Non-recurring financial income | 76B | - | €13,923 | +€13,923 | |
| Financial charges | 65/66B | - | €695 | +€695 | |
| Recurring financial charges | 65 | €1,073 | €695 | -€378 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €44,904 | €3,649 | -€41,255 | -91.9% |
| Income taxes | 67/77 | €6,086 | €177 | -€5,910 | -97.1% |
| Profit (loss) for the period | 9904 | €38,818 | €3,472 | -€35,346 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,818 | €3,472 | -€35,346 | -91.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.