LAURENT COMEYNE: 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.
LAURENT COMEYNE
Largest movements
- Receivables within one year +€17,245
up €17,245 (+78.7%), from €21,899 to €39,144
- Tangible fixed assets -€9,466
down €9,466 (-53.5%), from €17,699 to €8,233
- Cash +€1,380
up €1,380 (+14.6%), from €9,452 to €10,832
mainly Net result for the year (+€13,201) and Depreciation (+€9,466)
- Profit (loss) carried forward +€13,201
up €13,201 (+390%), from €3,382 to €16,583
- Debts after one year -€7,348
down €7,348 (-51.0%), from €14,411 to €7,063
- Debts within one year +€3,306
up €3,306 (+29.2%), from €11,322 to €14,628
- Gross operating margin +€13,934
up €13,934 (+17.8%), from €78,123 to €92,057
- Turnover +€12,427
up €12,427 (+10.0%), from €124,037 to €136,464
From the 2018 result to the 2019 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 2018 and 2019 balance sheets and the 2019 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,050 | €58,209 | +€9,159 | +18.7% |
| Fixed assets | 21/28 | €17,699 | €8,233 | -€9,466 | -53.5% |
| Tangible fixed assets | 22/27 | €17,699 | €8,233 | -€9,466 | -53.5% |
| Current assets | 29/58 | €31,351 | €49,976 | +€18,625 | +59.4% |
| Amounts receivable within one year | 40/41 | €21,899 | €39,144 | +€17,245 | +78.7% |
| Cash at bank and in hand | 54/58 | €9,452 | €10,832 | +€1,380 | +14.6% |
| Total equity and liabilities | 10/49 | €49,050 | €58,209 | +€9,159 | +18.7% |
| Equity | 10/15 | €23,317 | €36,518 | +€13,201 | +56.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,735 | €13,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,382 | €16,583 | +€13,201 | +390% |
| Amounts payable | 17/49 | €25,733 | €21,691 | -€4,042 | -15.7% |
| Amounts payable after more than one year | 17 | €14,411 | €7,063 | -€7,348 | -51.0% |
| Amounts payable within one year | 42/48 | €11,322 | €14,628 | +€3,306 | +29.2% |
| Trade debts | 44 | €1,731 | €1,053 | -€678 | -39.2% |
| Turnover | 70 | €124,037 | €136,464 | +€12,427 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,739 | €9,466 | -€1,273 | -11.9% |
| Gross operating margin | 9900 | €78,123 | €92,057 | +€13,934 | +17.8% |
| Operating profit (loss) | 9901 | €9,338 | €16,312 | +€6,974 | +74.7% |
| Recurring financial income | 75 | €616 | €1,450 | +€834 | +135% |
| Recurring financial charges | 65 | €1,110 | €381 | -€729 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €8,844 | €17,381 | +€8,537 | +96.5% |
| Income taxes | 67/77 | €4,562 | €4,180 | -€382 | -8.4% |
| Profit (loss) for the period | 9904 | €4,282 | €13,201 | +€8,919 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €4,282 | €13,201 | +€8,919 | +208% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.