KBT BELGIUM: 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.
KBT BELGIUM
Largest movements
- Stocks and contracts +€3.8m
up €3.8m (+65.3%), from €5.8m to €9.5m
- Debts within one year +€3.7m
up €3.7m (+69.9%), from €5.4m to €9.1m
of which Other debts: +€8.8m
- Other operating charges +€891
new in 2021: €891
- Gross operating margin +€590
up €590 (+5.3%), from -€11,083 to -€10,493
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.
Derived cash bridge
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,876,758 | €9,610,052 | +€3.7m | +63.5% |
| Current assets | 29/58 | €5,876,758 | €9,610,052 | +€3.7m | +63.5% |
| Stocks and contracts in progress | 3 | €5,772,889 | €9,540,763 | +€3.8m | +65.3% |
| Stocks | 30/36 | - | €9,540,763 | +€9.5m | |
| Amounts receivable within one year | 40/41 | €103,870 | €69,289 | -€34,581 | -33.3% |
| Trade receivables | 40 | - | €12,834 | +€12,834 | |
| Other amounts receivable | 41 | - | €56,455 | +€56,455 | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,876,758 | €9,610,052 | +€3.7m | +63.5% |
| Equity | 10/15 | €518,157 | €506,745 | -€11,412 | -2.2% |
| Contributions | 10/11 | - | €550,000 | +€550,000 | |
| Profit (loss) carried forward | 14 | -€31,843 | -€43,255 | -€11,412 | -35.8% |
| Amounts payable | 17/49 | €5,358,601 | €9,103,307 | +€3.7m | +69.9% |
| Amounts payable within one year | 42/48 | €5,358,601 | €9,103,287 | +€3.7m | +69.9% |
| Trade debts | 44 | €471,716 | €254,960 | -€216,756 | -46.0% |
| Suppliers | 440/4 | - | €254,960 | +€254,960 | |
| Other amounts payable | 47/48 | - | €8,848,327 | +€8.8m | |
| Accrued charges and deferred income | 492/3 | - | €20 | +€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | - | €891 | +€891 | |
| Gross operating margin | 9900 | -€11,083 | -€10,493 | +€590 | +5.3% |
| Operating profit (loss) | 9901 | -€11,955 | -€11,385 | +€570 | +4.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.9% |
| Financial charges | 65/66B | - | €28 | +€28 | |
| Recurring financial charges | 65 | €27 | €28 | +€0 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,982 | -€11,412 | +€569 | +4.8% |
| Profit (loss) for the period | 9904 | -€11,982 | -€11,412 | +€569 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,982 | -€11,412 | +€569 | +4.8% |
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 23 October 2026 via checked.be.