LE VAL D'HEURE: what changed
LE VAL D'HEURE
Largest movements
- Receivables within one year -€19,593
no longer reported in 2021 (was €19,593)
- Cash -€2,883
down €2,883 (-43.4%), from €6,645 to €3,762
mainly Debts within one year (-€15,497) and Net result for the year (-€7,378)
- Intangible fixed assets -€400
no longer reported in 2021 (was €400)
- Debts within one year -€15,497
down €15,497 (-34.6%), from €44,775 to €29,278
- Equity -€7,379
down €7,379 (-40.7%), from -€18,137 to -€25,516
of which Profit (loss) carried forward: -€7,379
- Gross operating margin -€21,114
down €21,114, from €16,045 to -€5,069
- Depreciation -€12,800
down €12,800 (-97.0%), from €13,200 to €400
- Other operating charges +€1,169
new in 2021: €1,169
- Financial charges +€312
new in 2021: €312
- Taxes +€193
up €193 (+82.3%), from €235 to €428
Change in the result, 2020 to 2021
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2020 and 2021 balance sheets and the 2021 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,638 | €3,762 | -€22,876 | -85.9% |
| Fixed assets | 21/28 | €400 | - | -€400 | |
| Intangible fixed assets | 21 | €400 | - | -€400 | |
| Current assets | 29/58 | €26,238 | €3,762 | -€22,476 | -85.7% |
| Amounts receivable within one year | 40/41 | €19,593 | - | -€19,593 | |
| Cash at bank and in hand | 54/58 | €6,645 | €3,762 | -€2,883 | -43.4% |
| Total equity and liabilities | 10/49 | €26,638 | €3,762 | -€22,876 | -85.9% |
| Equity | 10/15 | -€18,137 | -€25,516 | -€7,379 | -40.7% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€38,597 | -€45,976 | -€7,379 | -19.1% |
| Amounts payable | 17/49 | €44,775 | €29,278 | -€15,497 | -34.6% |
| Amounts payable within one year | 42/48 | €44,775 | €29,278 | -€15,497 | -34.6% |
| Trade debts | 44 | €15,539 | €14,340 | -€1,199 | -7.7% |
| Suppliers | 440/4 | - | €14,340 | +€14,340 | |
| Taxes, remuneration and social security | 45 | - | €1,924 | +€1,924 | |
| Taxes | 450/3 | - | €1,924 | +€1,924 | |
| Other amounts payable | 47/48 | - | €13,015 | +€13,015 | |
| Non-recurring operating income | 76A | - | €3,750 | +€3,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,200 | €400 | -€12,800 | -97.0% |
| Other operating charges | 640/8 | - | €1,169 | +€1,169 | |
| Gross operating margin | 9900 | €16,045 | -€5,069 | -€21,114 | |
| Operating profit (loss) | 9901 | €1,548 | -€6,638 | -€8,186 | |
| Financial charges | 65/66B | - | €312 | +€312 | |
| Recurring financial charges | 65 | €797 | €312 | -€485 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €751 | -€6,950 | -€7,701 | |
| Income taxes | 67/77 | €235 | €428 | +€193 | +82.3% |
| Profit (loss) for the period | 9904 | €516 | -€7,378 | -€7,894 | |
| Profit (loss) for the period to be appropriated | 9905 | €516 | -€7,378 | -€7,894 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.