LES ETOILES: 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.
LES ETOILES
Largest movements
- Cash -€1,027
down €1,027 (-24.1%), from €4,256 to €3,229
mainly Net result for the year (-€17,968) and Investment in fixed assets (net) (-€1,340)
- Receivables within one year +€648
up €648 (+46.6%), from €1,390 to €2,038
of which Other amounts receivable: +€1,136
- Profit (loss) carried forward -€17,968
down €17,968 (-79.1%), from -€22,716 to -€40,685
- Debts within one year +€17,748
up €17,748 (+28.0%), from €63,385 to €81,134
of which Other debts: +€36,668
- Gross operating margin -€13,354
down €13,354, from €7,807 to -€5,547
- Staff costs +€10,788
new in 2021: €10,788
- Other operating charges +€553
new in 2021: €553
- Financial income +€467
new in 2021: €467
- Depreciation +€314
up €314 (+26.8%), from €1,168 to €1,482
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 | €46,869 | €46,649 | -€220 | -0.5% |
| Fixed assets | 21/28 | €3,213 | €3,071 | -€142 | -4.4% |
| Tangible fixed assets | 22/27 | €3,213 | €3,071 | -€142 | -4.4% |
| Plant, machinery and equipment | 23 | - | €3,071 | +€3,071 | |
| Current assets | 29/58 | €43,657 | €43,578 | -€79 | -0.2% |
| Stocks and contracts in progress | 3 | €38,010 | €38,311 | +€301 | +0.8% |
| Stocks | 30/36 | - | €38,311 | +€38,311 | |
| Amounts receivable within one year | 40/41 | €1,390 | €2,038 | +€648 | +46.6% |
| Trade receivables | 40 | - | €901 | +€901 | |
| Other amounts receivable | 41 | - | €1,136 | +€1,136 | |
| Cash at bank and in hand | 54/58 | €4,256 | €3,229 | -€1,027 | -24.1% |
| Total equity and liabilities | 10/49 | €46,869 | €46,649 | -€220 | -0.5% |
| Equity | 10/15 | -€16,516 | -€34,485 | -€17,968 | -109% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Profit (loss) carried forward | 14 | -€22,716 | -€40,685 | -€17,968 | -79.1% |
| Amounts payable | 17/49 | €63,385 | €81,134 | +€17,748 | +28.0% |
| Amounts payable within one year | 42/48 | €63,385 | €81,134 | +€17,748 | +28.0% |
| Trade debts | 44 | €42,558 | €39,871 | -€2,686 | -6.3% |
| Suppliers | 440/4 | - | €39,871 | +€39,871 | |
| Taxes, remuneration and social security | 45 | - | €4,594 | +€4,594 | |
| Taxes | 450/3 | - | €1,217 | +€1,217 | |
| Remuneration and social security | 454/9 | - | €3,377 | +€3,377 | |
| Other amounts payable | 47/48 | - | €36,668 | +€36,668 | |
| Non-recurring operating income | 76A | - | €10 | +€10 | |
| Remuneration, social security and pensions | 62 | - | €10,788 | +€10,788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,168 | €1,482 | +€314 | +26.8% |
| Other operating charges | 640/8 | - | €553 | +€553 | |
| Gross operating margin | 9900 | €7,807 | -€5,547 | -€13,354 | |
| Operating profit (loss) | 9901 | -€5,660 | -€18,369 | -€12,709 | -225% |
| Financial income | 75/76B | - | €467 | +€467 | |
| Recurring financial income | 75 | - | €467 | +€467 | |
| Financial charges | 65/66B | - | €66 | +€66 | |
| Recurring financial charges | 65 | €387 | €66 | -€321 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,047 | -€17,968 | -€11,921 | -197% |
| Profit (loss) for the period | 9904 | -€6,047 | -€17,968 | -€11,921 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,047 | -€17,968 | -€11,921 | -197% |
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 14 October 2026 via checked.be.