MOUVEMENT: 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.
MOUVEMENT
Largest movements
- Tangible fixed assets -€23,650
down €23,650 (-7.0%), from €338,688 to €315,038
of which Land and buildings: -€12,362
- Receivables within one year -€10,576
down €10,576 (-11.2%), from €94,348 to €83,772
of which Trade receivables: -€12,866
- Profit (loss) carried forward -€46,769
down €46,769 (-37.7%), from -€123,926 to -€170,695
- Trade debts +€12,364
up €12,364 (+77.1%), from €16,029 to €28,393
- Tax, wage and social debts -€8,734
down €8,734 (-58.9%), from €14,837 to €6,102
of which Remuneration and social security: -€6,913
- Short-term financial debts +€7,319
up €7,319 (+33.8%), from €21,650 to €28,969
- Debts after one year +€5,114
up €5,114 (+1.2%), from €429,066 to €434,180
of which Other amounts payable: +€23,500
- Gross operating margin -€38,273
down €38,273 (-41.3%), from €92,561 to €54,288
- Staff costs +€15,316
up €15,316 (+33.9%), from €45,188 to €60,504
- Other operating charges -€4,133
down €4,133 (-72.6%), from €5,694 to €1,561
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 | €440,900 | €407,335 | -€33,565 | -7.6% |
| Fixed assets | 21/28 | €340,688 | €317,038 | -€23,650 | -6.9% |
| Tangible fixed assets | 22/27 | €338,688 | €315,038 | -€23,650 | -7.0% |
| Land and buildings | 22 | €308,564 | €296,202 | -€12,362 | -4.0% |
| Plant, machinery and equipment | 23 | €6,973 | €4,029 | -€2,945 | -42.2% |
| Furniture and vehicles | 24 | €22,142 | €14,807 | -€7,335 | -33.1% |
| Other tangible fixed assets | 26 | €1,009 | €0 | -€1,009 | -100% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €100,212 | €90,297 | -€9,915 | -9.9% |
| Amounts receivable within one year | 40/41 | €94,348 | €83,772 | -€10,576 | -11.2% |
| Trade receivables | 40 | €79,327 | €66,462 | -€12,866 | -16.2% |
| Other amounts receivable | 41 | €15,020 | €17,310 | +€2,290 | +15.2% |
| Cash at bank and in hand | 54/58 | €5,864 | €6,525 | +€661 | +11.3% |
| Total equity and liabilities | 10/49 | €440,900 | €407,335 | -€33,565 | -7.6% |
| Equity | 10/15 | -€123,926 | -€170,695 | -€46,769 | -37.7% |
| Profit (loss) carried forward | 14 | -€123,926 | -€170,695 | -€46,769 | -37.7% |
| Amounts payable | 17/49 | €564,826 | €578,030 | +€13,204 | +2.3% |
| Amounts payable after more than one year | 17 | €429,066 | €434,180 | +€5,114 | +1.2% |
| Financial debts | 170/4 | €268,602 | €250,216 | -€18,386 | -6.8% |
| Other amounts payable | 178/9 | €160,464 | €183,964 | +€23,500 | +14.6% |
| Amounts payable within one year | 42/48 | €70,510 | €81,850 | +€11,340 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €17,995 | €18,386 | +€391 | +2.2% |
| Financial debts | 43 | €21,650 | €28,969 | +€7,319 | +33.8% |
| Credit institutions | 430/8 | €21,650 | €28,969 | +€7,319 | +33.8% |
| Trade debts | 44 | €16,029 | €28,393 | +€12,364 | +77.1% |
| Suppliers | 440/4 | €16,029 | €28,393 | +€12,364 | +77.1% |
| Taxes, remuneration and social security | 45 | €14,837 | €6,102 | -€8,734 | -58.9% |
| Taxes | 450/3 | €1,821 | - | -€1,821 | |
| Remuneration and social security | 454/9 | €13,016 | €6,102 | -€6,913 | -53.1% |
| Accrued charges and deferred income | 492/3 | €65,250 | €62,000 | -€3,250 | -5.0% |
| Remuneration, social security and pensions | 62 | €45,188 | €60,504 | +€15,316 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,097 | €25,202 | +€105 | +0.4% |
| Other operating charges | 640/8 | €5,694 | €1,561 | -€4,133 | -72.6% |
| Gross operating margin | 9900 | €92,561 | €54,288 | -€38,273 | -41.3% |
| Operating profit (loss) | 9901 | €16,583 | -€32,978 | -€49,561 | |
| Financial charges | 65/66B | €13,314 | €13,791 | +€477 | +3.6% |
| Recurring financial charges | 65 | €13,314 | €13,791 | +€477 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €3,269 | -€46,769 | -€50,038 | |
| Profit (loss) for the period | 9904 | €3,269 | -€46,769 | -€50,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,269 | -€46,769 | -€50,038 |
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 13 October 2026 via checked.be.