MUST STYLE: what changed
Two fiscal 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.
MUST STYLE
Largest movements
- Cash -€3
down €3 (-7.9%), from €38 to €35
mainly Net result for the year (-€923)
- Profit (loss) carried forward -€923
down €923 (-10.4%), from -€8,878 to -€9,801
- Debts within one year +€920
up €920 (+106.2%), from €866 to €1,786
- Purchases and services +€670
new in 2021: €670
- Turnover -€600
no longer reported in 2021 (was €600)
- Gross operating margin +€573
up €573 (+46.1%), from -€1,243 to -€670
- Taxes -€424
no longer reported in 2021 (was €424)
- Other operating charges +€193
new in 2021: €193
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 | €48 | €45 | -€3 | -6.3% |
| Fixed assets | 21/28 | €10 | €10 | = | 0.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €38 | €35 | -€3 | -7.9% |
| Cash at bank and in hand | 54/58 | €38 | €35 | -€3 | -7.9% |
| Total equity and liabilities | 10/49 | €48 | €45 | -€3 | -6.3% |
| Equity | 10/15 | -€818 | -€1,741 | -€923 | -112.8% |
| 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 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€8,878 | -€9,801 | -€923 | -10.4% |
| Amounts payable | 17/49 | €866 | €1,786 | +€920 | +106.2% |
| Amounts payable within one year | 42/48 | €866 | €1,786 | +€920 | +106.2% |
| Other amounts payable | 47/48 | - | €1,786 | +€1,786 | |
| Turnover | 70 | €600 | - | -€600 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €670 | +€670 | |
| Other operating charges | 640/8 | - | €193 | +€193 | |
| Gross operating margin | 9900 | -€1,243 | -€670 | +€573 | +46.1% |
| Operating profit (loss) | 9901 | -€101,754 | -€863 | +€100,891 | +99.2% |
| Financial charges | 65/66B | - | €60 | +€60 | |
| Recurring financial charges | 65 | €102 | €60 | -€42 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€101,856 | -€923 | +€100,933 | +99.1% |
| Income taxes | 67/77 | €424 | - | -€424 | |
| Profit (loss) for the period | 9904 | -€102,280 | -€923 | +€101,357 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,280 | -€923 | +€101,357 | +99.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.