Leitmotif: 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.
Leitmotif
Largest movements
- Cash -€3,886
down €3,886 (-15.0%), from €25,854 to €21,968
mainly Investment in fixed assets (net) (-€3,079) and Net result for the year (-€1,789)
- Tangible fixed assets +€2,108
up €2,108 (+198%), from €1,065 to €3,173
- Profit (loss) carried forward -€1,789
down €1,789 (-6.7%), from €26,763 to €24,974
- Gross operating margin +€13,842
up €13,842 (+94.8%), from -€14,604 to -€762
- Turnover -€2,075
no longer reported in 2021 (was €2,075)
- Depreciation +€616
up €616 (+173%), from €355 to €971
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
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 | €26,919 | €25,141 | -€1,778 | -6.6% |
| Fixed assets | 21/28 | €1,065 | €3,173 | +€2,108 | +198% |
| Tangible fixed assets | 22/27 | €1,065 | €3,173 | +€2,108 | +198% |
| Current assets | 29/58 | €25,854 | €21,968 | -€3,886 | -15.0% |
| Cash at bank and in hand | 54/58 | €25,854 | €21,968 | -€3,886 | -15.0% |
| Total equity and liabilities | 10/49 | €26,919 | €25,141 | -€1,778 | -6.6% |
| Equity | 10/15 | €26,763 | €24,974 | -€1,789 | -6.7% |
| Profit (loss) carried forward | 14 | €26,763 | €24,974 | -€1,789 | -6.7% |
| Amounts payable | 17/49 | €157 | €167 | +€11 | +6.7% |
| Amounts payable within one year | 42/48 | €157 | €167 | +€11 | +6.7% |
| Trade debts | 44 | €48 | - | -€48 | |
| Turnover | 70 | €2,075 | - | -€2,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €971 | +€616 | +173% |
| Gross operating margin | 9900 | -€14,604 | -€762 | +€13,842 | +94.8% |
| Operating profit (loss) | 9901 | -€14,959 | -€1,733 | +€13,226 | +88.4% |
| Recurring financial charges | 65 | €44 | €56 | +€12 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,002 | -€1,789 | +€13,214 | +88.1% |
| Profit (loss) for the period | 9904 | -€15,002 | -€1,789 | +€13,214 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,002 | -€1,789 | +€13,214 | +88.1% |
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 16 October 2026 via checked.be.