LEVEL UP CONSTRUCT: 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.
LEVEL UP CONSTRUCT
Largest movements
- Receivables within one year +€2.3m
up €2.3m (+121.9%), from €1.9m to €4.2m
of which Other amounts receivable: +€2.0m
- Profit (loss) carried forward +€2.7m
up €2.7m (+295.0%), from €903,194 to €3.6m
- Other debts -€493,839
no longer reported in 2021 (was €493,839)
- Tax, wage and social debts +€321,083
up €321,083 (+370.0%), from €86,784 to €407,867
- Trade debts -€124,136
down €124,136 (-29.1%), from €426,814 to €302,678
- Gross operating margin +€2.2m
up €2.2m (+453.0%), from €482,652 to €2.7m
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 | €1,910,631 | €4,282,959 | +€2.4m | +124.2% |
| Fixed assets | 21/28 | €716 | €19,478 | +€18,762 | +2620.4% |
| Tangible fixed assets | 22/27 | €596 | €19,358 | +€18,762 | +3148.0% |
| Land and buildings | 22 | - | €19,358 | +€19,358 | |
| Furniture and vehicles | 24 | €596 | - | -€596 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €1,909,915 | €4,263,481 | +€2.4m | +123.2% |
| Amounts receivable within one year | 40/41 | €1,909,915 | €4,239,024 | +€2.3m | +121.9% |
| Trade receivables | 40 | €1,564,249 | €1,886,646 | +€322,397 | +20.6% |
| Other amounts receivable | 41 | €345,666 | €2,352,378 | +€2.0m | +580.5% |
| Cash at bank and in hand | 54/58 | - | €24,457 | +€24,457 | |
| Total equity and liabilities | 10/49 | €1,910,631 | €4,282,959 | +€2.4m | +124.2% |
| Equity | 10/15 | €903,194 | €3,567,718 | +€2.7m | +295.0% |
| Profit (loss) carried forward | 14 | €903,194 | €3,567,718 | +€2.7m | +295.0% |
| Amounts payable | 17/49 | €1,007,437 | €715,241 | -€292,196 | -29.0% |
| Amounts payable within one year | 42/48 | €1,007,437 | €710,545 | -€296,892 | -29.5% |
| Trade debts | 44 | €426,814 | €302,678 | -€124,136 | -29.1% |
| Suppliers | 440/4 | €426,814 | €302,678 | -€124,136 | -29.1% |
| Taxes, remuneration and social security | 45 | €86,784 | €407,867 | +€321,083 | +370.0% |
| Taxes | 450/3 | €86,784 | €407,867 | +€321,083 | +370.0% |
| Other amounts payable | 47/48 | €493,839 | - | -€493,839 | |
| Accrued charges and deferred income | 492/3 | - | €4,696 | +€4,696 | |
| Remuneration, social security and pensions | 62 | - | €1,408 | +€1,408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230 | €761 | +€531 | +230.9% |
| Other operating charges | 640/8 | €984 | €2,503 | +€1,519 | +154.4% |
| Gross operating margin | 9900 | €482,652 | €2,669,196 | +€2.2m | +453.0% |
| Operating profit (loss) | 9901 | €481,438 | €2,664,524 | +€2.2m | +453.5% |
| Financial charges | 65/66B | €1,163 | - | -€1,163 | |
| Recurring financial charges | 65 | €1,163 | - | -€1,163 | |
| Profit (loss) for the period before taxes | 9903 | €480,275 | €2,664,524 | +€2.2m | +454.8% |
| Profit (loss) for the period | 9904 | €480,275 | €2,664,524 | +€2.2m | +454.8% |
| Profit (loss) for the period to be appropriated | 9905 | €480,275 | €2,664,524 | +€2.2m | +454.8% |
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 11 October 2026 via checked.be.