Impacts That Matter: 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.
Impacts That Matter
Largest movements
- Receivables within one year -€248,433
down €248,433 (-87.1%), from €285,260 to €36,827
- Cash -€23,164
down €23,164 (-21.4%), from €108,233 to €85,069
mainly Debts within one year (-€217,942) and Net result for the year (-€31,673)
- Intangible fixed assets +€23,039
up €23,039 (+1073.6%), from €2,146 to €25,185
- Debts within one year -€217,942
down €217,942 (-76.2%), from €286,026 to €68,084
- Equity -€31,673
down €31,673 (-28.5%), from €111,279 to €79,606
of which Profit (loss) carried forward: -€31,673
- Turnover -€703,787
no longer reported in 2020 (was €703,787)
- Gross operating margin -€180,799
down €180,799, from €162,135 to -€18,664
- Taxes -€50,217
down €50,217 (-100.0%), from €50,217 to €0
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
Derived from the 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,305 | €147,691 | -€249,614 | -62.8% |
| Fixed assets | 21/28 | €3,812 | €25,795 | +€21,983 | +576.7% |
| Intangible fixed assets | 21 | €2,146 | €25,185 | +€23,039 | +1073.6% |
| Tangible fixed assets | 22/27 | €1,666 | €609 | -€1,057 | -63.4% |
| Current assets | 29/58 | €393,493 | €121,896 | -€271,597 | -69.0% |
| Amounts receivable within one year | 40/41 | €285,260 | €36,827 | -€248,433 | -87.1% |
| Cash at bank and in hand | 54/58 | €108,233 | €85,069 | -€23,164 | -21.4% |
| Total equity and liabilities | 10/49 | €397,305 | €147,691 | -€249,614 | -62.8% |
| Equity | 10/15 | €111,279 | €79,606 | -€31,673 | -28.5% |
| Contributions | 10/11 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €110,279 | €110,279 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | -€31,673 | -€31,673 | |
| Amounts payable | 17/49 | €286,026 | €68,084 | -€217,942 | -76.2% |
| Amounts payable within one year | 42/48 | €286,026 | €68,084 | -€217,942 | -76.2% |
| Trade debts | 44 | €193,717 | €27,115 | -€166,602 | -86.0% |
| Turnover | 70 | €703,787 | - | -€703,787 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,358 | €7,566 | +€5,208 | +220.9% |
| Gross operating margin | 9900 | €162,135 | -€18,664 | -€180,799 | |
| Operating profit (loss) | 9901 | €159,640 | -€26,330 | -€185,970 | |
| Recurring financial income | 75 | €13,183 | €11,073 | -€2,110 | -16.0% |
| Recurring financial charges | 65 | €12,327 | €16,416 | +€4,089 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €160,496 | -€31,673 | -€192,169 | |
| Income taxes | 67/77 | €50,217 | €0 | -€50,217 | -100.0% |
| Profit (loss) for the period | 9904 | €110,279 | -€31,673 | -€141,952 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,279 | -€31,673 | -€141,952 |
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 9 October 2026 via checked.be.