La Courbeure: what changed
Two fiscal 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.
La Courbeure
Largest movements
- Current assets -€17,468
down €17,468 (-14.9%), from €117,431 to €99,963
of which Receivables within one year: -€12,482
- Equity -€9,686
down €9,686 (-25.7%), from -€37,711 to -€47,397
of which Profit (loss) carried forward: -€9,686
- Debts within one year -€7,950
down €7,950 (-5.1%), from €155,863 to €147,913
- Purchases and services +€37,510
new in 2021: €37,510
- Turnover -€16,422
down €16,422 (-38.4%), from €42,797 to €26,375
- Gross operating margin -€10,914
down €10,914, from €1,819 to -€9,095
- Depreciation -€450
down €450 (-72.8%), from €618 to €168
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.
Cash bridge derived
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 | €118,152 | €100,516 | -€17,636 | -14.9% |
| Fixed assets | 21/28 | €721 | €553 | -€168 | -23.3% |
| Tangible fixed assets | 22/27 | €721 | €553 | -€168 | -23.3% |
| Furniture and vehicles | 24 | - | €553 | +€553 | |
| Current assets | 29/58 | €117,431 | €99,963 | -€17,468 | -14.9% |
| Stocks and contracts in progress | 3 | €86,412 | €87,930 | +€1,518 | +1.8% |
| Stocks | 30/36 | - | €87,930 | +€87,930 | |
| Amounts receivable within one year | 40/41 | €15,569 | €3,087 | -€12,482 | -80.2% |
| Trade receivables | 40 | - | €2,521 | +€2,521 | |
| Other amounts receivable | 41 | - | €566 | +€566 | |
| Cash at bank and in hand | 54/58 | €6,312 | €1,831 | -€4,481 | -71.0% |
| Deferred charges and accrued income | 490/1 | - | €7,115 | +€7,115 | |
| Total equity and liabilities | 10/49 | €118,152 | €100,516 | -€17,636 | -14.9% |
| Equity | 10/15 | -€37,711 | -€47,397 | -€9,686 | -25.7% |
| Contributions | 10/11 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €69 | €69 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €69 | +€69 | |
| Other | 1319 | - | €69 | +€69 | |
| Profit (loss) carried forward | 14 | -€56,372 | -€66,058 | -€9,686 | -17.2% |
| Amounts payable | 17/49 | €155,863 | €147,913 | -€7,950 | -5.1% |
| Amounts payable within one year | 42/48 | €155,863 | €147,913 | -€7,950 | -5.1% |
| Trade debts | 44 | €2,901 | €3,083 | +€182 | +6.3% |
| Suppliers | 440/4 | - | €3,083 | +€3,083 | |
| Other amounts payable | 47/48 | - | €144,830 | +€144,830 | |
| Turnover | 70 | €42,797 | €26,375 | -€16,422 | -38.4% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €37,510 | +€37,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €618 | €168 | -€450 | -72.8% |
| Gross operating margin | 9900 | €1,819 | -€9,095 | -€10,914 | |
| Operating profit (loss) | 9901 | €1,201 | -€9,263 | -€10,464 | |
| Financial charges | 65/66B | - | €423 | +€423 | |
| Recurring financial charges | 65 | €521 | €423 | -€98 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €680 | -€9,686 | -€10,366 | |
| Profit (loss) for the period | 9904 | €680 | -€9,686 | -€10,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €680 | -€9,686 | -€10,366 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.