Kris Moreels: 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.
Kris Moreels
Largest movements
- Cash +€109,193
up €109,193 (+106%), from €102,887 to €212,079
mainly Net result for the year (+€93,322) and Depreciation (+€14,670)
- Tangible fixed assets -€14,670
down €14,670 (-26.9%), from €54,532 to €39,862
- Equity +€93,322
up €93,322 (+91.9%), from €101,563 to €194,885
of which Reserves: +€93,322
- Gross operating margin -€28,656
down €28,656 (-17.2%), from €166,606 to €137,950
- Taxes -€23,661
down €23,661 (-47.3%), from €50,000 to €26,339
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
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 | €169,764 | €265,734 | +€95,970 | +56.5% |
| Fixed assets | 21/28 | €54,532 | €39,862 | -€14,670 | -26.9% |
| Tangible fixed assets | 22/27 | €54,532 | €39,862 | -€14,670 | -26.9% |
| Current assets | 29/58 | €115,232 | €225,872 | +€110,640 | +96.0% |
| Amounts receivable within one year | 40/41 | €12,345 | €13,792 | +€1,447 | +11.7% |
| Cash at bank and in hand | 54/58 | €102,887 | €212,079 | +€109,193 | +106% |
| Total equity and liabilities | 10/49 | €169,764 | €265,734 | +€95,970 | +56.5% |
| Equity | 10/15 | €101,563 | €194,885 | +€93,322 | +91.9% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €95,363 | €188,685 | +€93,322 | +97.9% |
| Amounts payable | 17/49 | €68,201 | €70,849 | +€2,647 | +3.9% |
| Amounts payable after more than one year | 17 | €16,227 | - | -€16,227 | |
| Amounts payable within one year | 42/48 | €51,974 | €70,182 | +€18,207 | +35.0% |
| Trade debts | 44 | €18,761 | €10,628 | -€8,133 | -43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,940 | €14,670 | -€270 | -1.8% |
| Gross operating margin | 9900 | €166,606 | €137,950 | -€28,656 | -17.2% |
| Operating profit (loss) | 9901 | €146,512 | €121,001 | -€25,511 | -17.4% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Recurring financial charges | 65 | €1,149 | €1,340 | +€190 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €145,363 | €119,661 | -€25,702 | -17.7% |
| Income taxes | 67/77 | €50,000 | €26,339 | -€23,661 | -47.3% |
| Profit (loss) for the period | 9904 | €95,363 | €93,322 | -€2,041 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,363 | €93,322 | -€2,041 | -2.1% |
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 18 October 2026 via checked.be.