L'ARDOISE: 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.
L'ARDOISE
Largest movements
- Receivables within one year +€58,586
up €58,586 (+575%), from €10,192 to €68,778
of which Other amounts receivable: +€46,998
- Cash -€21,787
down €21,787 (-99.7%), from €21,864 to €76
mainly Receivables within one year (-€58,586) and Investment in fixed assets (net) (-€2,339)
- Profit (loss) carried forward +€34,768
up €34,768 (+91.9%), from -€37,832 to -€3,064
- Debts within one year +€3,901
up €3,901 (+26.4%), from €14,754 to €18,655
of which Tax, wage and social debts: +€13,831
- Gross operating margin -€23,381
down €23,381 (-32.8%), from €71,193 to €47,812
- Other operating charges +€9,847
new in 2020: €9,847
- Depreciation -€5,070
down €5,070 (-78.0%), from €6,496 to €1,426
- Financial charges +€1,100
new in 2020: €1,100
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 | €75,429 | €114,099 | +€38,670 | +51.3% |
| Fixed assets | 21/28 | €43,374 | €44,287 | +€913 | +2.1% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -16.7% |
| Tangible fixed assets | 22/27 | €12,823 | €12,636 | -€187 | -1.5% |
| Plant, machinery and equipment | 23 | - | €1,095 | +€1,095 | |
| Furniture and vehicles | 24 | - | €11,541 | +€11,541 | |
| Financial fixed assets | 28 | €30,550 | €31,650 | +€1,100 | +3.6% |
| Current assets | 29/58 | €32,055 | €69,812 | +€37,757 | +118% |
| Amounts receivable within one year | 40/41 | €10,192 | €68,778 | +€58,586 | +575% |
| Trade receivables | 40 | - | €21,780 | +€21,780 | |
| Other amounts receivable | 41 | - | €46,998 | +€46,998 | |
| Cash at bank and in hand | 54/58 | €21,864 | €76 | -€21,787 | -99.7% |
| Deferred charges and accrued income | 490/1 | - | €958 | +€958 | |
| Total equity and liabilities | 10/49 | €75,429 | €114,099 | +€38,670 | +51.3% |
| Equity | 10/15 | €37,598 | €72,367 | +€34,768 | +92.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €69,230 | €69,230 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €69,230 | +€69,230 | |
| Profit (loss) carried forward | 14 | -€37,832 | -€3,064 | +€34,768 | +91.9% |
| Provisions and deferred taxes | 16 | €23,077 | €23,077 | = | 0.0% |
| Deferred taxes | 168 | - | €23,077 | +€23,077 | |
| Amounts payable | 17/49 | €14,754 | €18,655 | +€3,901 | +26.4% |
| Amounts payable within one year | 42/48 | €14,754 | €18,655 | +€3,901 | +26.4% |
| Trade debts | 44 | €6,024 | - | -€6,024 | |
| Taxes, remuneration and social security | 45 | - | €13,831 | +€13,831 | |
| Taxes | 450/3 | - | €13,831 | +€13,831 | |
| Other amounts payable | 47/48 | - | €4,824 | +€4,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,496 | €1,426 | -€5,070 | -78.0% |
| Other operating charges | 640/8 | - | €9,847 | +€9,847 | |
| Gross operating margin | 9900 | €71,193 | €47,812 | -€23,381 | -32.8% |
| Operating profit (loss) | 9901 | €63,441 | €36,539 | -€26,901 | -42.4% |
| Financial charges | 65/66B | - | €1,100 | +€1,100 | |
| Recurring financial charges | 65 | €29 | €1,100 | +€1,071 | +3,668% |
| Profit (loss) for the period before taxes | 9903 | €63,412 | €35,439 | -€27,972 | -44.1% |
| Income taxes | 67/77 | - | €671 | +€671 | |
| Profit (loss) for the period | 9904 | €40,335 | €34,768 | -€5,567 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,895 | €34,768 | +€63,664 |
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 23 October 2026 via checked.be.