NILORAC: 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.
NILORAC
Largest movements
- Receivables within one year -€2,833
down €2,833 (-98.6%), from €2,875 to €41
- Cash -€1,790
down €1,790 (-97.7%), from €1,832 to €42
- Debts within one year -€14,657
down €14,657 (-67.5%), from €21,709 to €7,052
- Reserves +€10,033
up €10,033 (+202.9%), from €4,945 to €14,978
of which Distributable reserves: +€13,118
- Turnover -€11,563
no longer reported in 2021 (was €11,563)
- Gross operating margin +€1,655
up €1,655, from -€615 to €1,041
- Taxes +€481
up €481, from -€238 to €243
- Financial charges +€154
new in 2021: €154
- Other operating charges +€154
new in 2021: €154
From the 2019 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,707 | €83 | -€4,623 | -98.2% |
| Current assets | 29/58 | €4,707 | €83 | -€4,623 | -98.2% |
| Amounts receivable within one year | 40/41 | €2,875 | €41 | -€2,833 | -98.6% |
| Other amounts receivable | 41 | - | €41 | +€41 | |
| Cash at bank and in hand | 54/58 | €1,832 | €42 | -€1,790 | -97.7% |
| Total equity and liabilities | 10/49 | €4,707 | €83 | -€4,623 | -98.2% |
| Equity | 10/15 | -€17,002 | -€6,969 | +€10,033 | +59.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €4,945 | €14,978 | +€10,033 | +202.9% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €13,118 | +€13,118 | |
| Profit (loss) carried forward | 14 | -€40,547 | -€40,547 | = | 0.0% |
| Amounts payable | 17/49 | €21,709 | €7,052 | -€14,657 | -67.5% |
| Amounts payable within one year | 42/48 | €21,709 | €7,052 | -€14,657 | -67.5% |
| Financial debts | 43 | - | €423 | +€423 | |
| Credit institutions | 430/8 | - | €423 | +€423 | |
| Trade debts | 44 | - | €37 | +€37 | |
| Suppliers | 440/4 | - | €37 | +€37 | |
| Taxes, remuneration and social security | 45 | - | €556 | +€556 | |
| Taxes | 450/3 | - | €556 | +€556 | |
| Other amounts payable | 47/48 | - | €6,037 | +€6,037 | |
| Turnover | 70 | €11,563 | - | -€11,563 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340 | €220 | -€120 | -35.3% |
| Other operating charges | 640/8 | - | €154 | +€154 | |
| Gross operating margin | 9900 | -€615 | €1,041 | +€1,655 | |
| Operating profit (loss) | 9901 | -€1,124 | €667 | +€1,791 | |
| Financial charges | 65/66B | - | €154 | +€154 | |
| Recurring financial charges | 65 | €156 | €154 | -€2 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,281 | €512 | +€1,793 | |
| Income taxes | 67/77 | -€238 | €243 | +€481 | |
| Profit (loss) for the period | 9904 | -€1,043 | €269 | +€1,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,043 | €269 | +€1,312 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.