L'ESSENTIEL: 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'ESSENTIEL
Largest movements
- Tangible fixed assets -€249,885
down €249,885 (-4.9%), from €5.1m to €4.8m
- Current assets +€209,299
up €209,299 (+21.5%), from €975,681 to €1.2m
of which Cash: +€158,900
- Debts -€95,433
down €95,433 (-5.5%), from €1.7m to €1.7m
of which Debts within one year: -€75,616
- Staff costs +€2.0m
new in 2021: €2.0m
- Gross operating margin +€578,204
up €578,204 (+31.5%), from €1.8m to €2.4m
- Financial income +€89,003
new in 2021: €89,003
- Other operating charges +€68,382
new in 2021: €68,382
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
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 | €6,067,030 | €6,025,968 | -€41,061 | -0.7% |
| Fixed assets | 21/28 | €5,091,348 | €4,840,988 | -€250,360 | -4.9% |
| Tangible fixed assets | 22/27 | €5,090,155 | €4,840,270 | -€249,885 | -4.9% |
| Land and buildings | 22 | - | €4,717,923 | +€4.7m | |
| Furniture and vehicles | 24 | - | €122,347 | +€122,347 | |
| Financial fixed assets | 28 | €1,193 | €718 | -€475 | -39.8% |
| Current assets | 29/58 | €975,681 | €1,184,980 | +€209,299 | +21.5% |
| Amounts receivable within one year | 40/41 | €232,160 | €280,709 | +€48,549 | +20.9% |
| Trade receivables | 40 | - | €249,327 | +€249,327 | |
| Other amounts receivable | 41 | - | €31,382 | +€31,382 | |
| Cash at bank and in hand | 54/58 | €720,956 | €879,856 | +€158,900 | +22.0% |
| Deferred charges and accrued income | 490/1 | - | €24,415 | +€24,415 | |
| Total equity and liabilities | 10/49 | €6,067,030 | €6,025,968 | -€41,061 | -0.7% |
| Equity | 10/15 | €4,318,722 | €4,373,094 | +€54,372 | +1.3% |
| Profit (loss) carried forward | 14 | €755,017 | €898,314 | +€143,296 | +19.0% |
| Investment grants | 15 | - | €2,020,286 | +€2.0m | |
| Amounts payable | 17/49 | €1,748,307 | €1,652,874 | -€95,433 | -5.5% |
| Amounts payable after more than one year | 17 | €1,374,379 | €1,358,023 | -€16,357 | -1.2% |
| Financial debts | 170/4 | - | €46,073 | +€46,073 | |
| Other amounts payable | 178/9 | - | €1,311,950 | +€1.3m | |
| Amounts payable within one year | 42/48 | €370,468 | €294,852 | -€75,616 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,607 | +€4,607 | |
| Trade debts | 44 | €61,428 | €38,439 | -€22,988 | -37.4% |
| Suppliers | 440/4 | - | €38,439 | +€38,439 | |
| Taxes, remuneration and social security | 45 | - | €228,495 | +€228,495 | |
| Taxes | 450/3 | - | €10,035 | +€10,035 | |
| Remuneration and social security | 454/9 | - | €218,460 | +€218,460 | |
| Non-recurring operating income | 76A | - | €16,504 | +€16,504 | |
| Remuneration, social security and pensions | 62 | - | €1,994,635 | +€2.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,690 | €268,622 | +€932 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,108 | +€10,108 | |
| Other operating charges | 640/8 | - | €68,382 | +€68,382 | |
| Gross operating margin | 9900 | €1,836,759 | €2,414,963 | +€578,204 | +31.5% |
| Operating profit (loss) | 9901 | -€446,353 | €73,217 | +€519,570 | |
| Financial income | 75/76B | - | €89,003 | +€89,003 | |
| Recurring financial income | 75 | €90,814 | €89,003 | -€1,811 | -2.0% |
| Financial charges | 65/66B | - | €18,923 | +€18,923 | |
| Recurring financial charges | 65 | €20,380 | €18,923 | -€1,457 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€375,920 | €143,296 | +€519,216 | |
| Profit (loss) for the period | 9904 | -€375,920 | €143,296 | +€519,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€375,920 | €143,296 | +€519,216 |
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 25 October 2026 via checked.be.