LE CEDRE: 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.
LE CEDRE
Largest movements
- Cash +€12,882
up €12,882 (+2528.8%), from €509 to €13,392
mainly Net result for the year (+€20,185) and Receivables within one year (+€12,529)
- Receivables within one year -€12,529
down €12,529 (-34.2%), from €36,600 to €24,072
- Tangible fixed assets -€2,283
down €2,283 (-40.4%), from €5,653 to €3,370
- Debts within one year -€22,279
down €22,279 (-89.4%), from €24,914 to €2,636
- Equity +€20,185
up €20,185 (+98.5%), from €20,501 to €40,686
of which Profit (loss) carried forward: +€20,185
- Gross operating margin +€32,626
up €32,626, from -€9,791 to €22,835
- Purchases and services +€28,604
new in 2021: €28,604
- Turnover -€14,235
down €14,235 (-31.7%), from €44,951 to €30,716
- Taxes +€4,194
up €4,194, from -€3,994 to €200
- Financial income +€461
new in 2021: €461
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
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,415 | €43,322 | -€2,094 | -4.6% |
| Fixed assets | 21/28 | €5,653 | €3,370 | -€2,283 | -40.4% |
| Tangible fixed assets | 22/27 | €5,653 | €3,370 | -€2,283 | -40.4% |
| Furniture and vehicles | 24 | - | €3,370 | +€3,370 | |
| Current assets | 29/58 | €39,762 | €39,951 | +€189 | +0.5% |
| Stocks and contracts in progress | 3 | €2,652 | €2,488 | -€165 | -6.2% |
| Stocks | 30/36 | - | €2,488 | +€2,488 | |
| Amounts receivable within one year | 40/41 | €36,600 | €24,072 | -€12,529 | -34.2% |
| Trade receivables | 40 | - | €3,994 | +€3,994 | |
| Other amounts receivable | 41 | - | €20,078 | +€20,078 | |
| Cash at bank and in hand | 54/58 | €509 | €13,392 | +€12,882 | +2528.8% |
| Total equity and liabilities | 10/49 | €45,415 | €43,322 | -€2,094 | -4.6% |
| Equity | 10/15 | €20,501 | €40,686 | +€20,185 | +98.5% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,715 | €1,715 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,715 | +€1,715 | |
| Reserves not available under the articles | 1311 | - | €1,715 | +€1,715 | |
| Profit (loss) carried forward | 14 | €186 | €20,371 | +€20,185 | +10869.0% |
| Amounts payable | 17/49 | €24,914 | €2,636 | -€22,279 | -89.4% |
| Amounts payable within one year | 42/48 | €24,914 | €2,636 | -€22,279 | -89.4% |
| Trade debts | 44 | €7,080 | €2,195 | -€4,886 | -69.0% |
| Suppliers | 440/4 | - | €2,195 | +€2,195 | |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | - | €241 | +€241 | |
| Remuneration and social security | 454/9 | - | €241 | +€241 | |
| Turnover | 70 | €44,951 | €30,716 | -€14,235 | -31.7% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €28,604 | +€28,604 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,283 | €2,283 | = | 0.0% |
| Other operating charges | 640/8 | - | €254 | +€254 | |
| Gross operating margin | 9900 | -€9,791 | €22,835 | +€32,626 | |
| Operating profit (loss) | 9901 | -€16,318 | €20,298 | +€36,616 | |
| Financial income | 75/76B | - | €461 | +€461 | |
| Recurring financial income | 75 | €145 | €461 | +€317 | +219.3% |
| Financial charges | 65/66B | - | €375 | +€375 | |
| Recurring financial charges | 65 | €746 | €375 | -€371 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,919 | €20,385 | +€37,304 | |
| Income taxes | 67/77 | -€3,994 | €200 | +€4,194 | |
| Profit (loss) for the period | 9904 | -€12,925 | €20,185 | +€33,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,925 | €20,185 | +€33,110 |
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 8 October 2026 via checked.be.