NODELL: 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.
NODELL
Largest movements
- Current assets +€3.5m
up €3.5m (+1,320%), from €262,440 to €3.7m
of which Cash: +€2.3m
- Financial fixed assets -€493,065
down €493,065 (-29.9%), from €1.6m to €1.2m
- Equity +€2.8m
up €2.8m (+226%), from €1.3m to €4.1m
of which Reserves: +€2.8m
- Debts within one year +€241,668
up €241,668 (+103%), from €235,149 to €476,817
of which Tax, wage and social debts: +€249,466
- Debts after one year -€97,488
down €97,488 (-22.9%), from €425,746 to €328,258
- Financial income +€3.2m
new in 2021: €3.2m
of which Non-recurring financial income: +€2.8m
- Taxes +€290,216
up €290,216 (+269%), from €107,787 to €398,003
- Gross operating margin -€23,494
down €23,494 (-62.5%), from €37,608 to €14,113
- Financial charges +€9,711
new in 2021: €9,711
- Other operating charges +€1,272
new in 2021: €1,272
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,910,990 | €4,883,134 | +€3.0m | +156% |
| Fixed assets | 21/28 | €1,648,550 | €1,155,485 | -€493,065 | -29.9% |
| Financial fixed assets | 28 | €1,648,550 | €1,155,485 | -€493,065 | -29.9% |
| Current assets | 29/58 | €262,440 | €3,727,649 | +€3.5m | +1,320% |
| Amounts receivable within one year | 40/41 | €222,073 | €1,359,173 | +€1.1m | +512% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | - | €1,329,173 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €38,866 | €2,368,476 | +€2.3m | +5,994% |
| Total equity and liabilities | 10/49 | €1,910,990 | €4,883,134 | +€3.0m | +156% |
| Equity | 10/15 | €1,250,095 | €4,078,058 | +€2.8m | +226% |
| Contributions | 10/11 | - | €86,330 | +€86,330 | |
| Reserves | 13 | €433,090 | €3,261,053 | +€2.8m | +653% |
| Non-distributable reserves | 130/1 | - | €8,633 | +€8,633 | |
| Reserves not available under the articles | 1311 | - | €8,633 | +€8,633 | |
| Distributable reserves | 133 | - | €3,252,420 | +€3.3m | |
| Profit (loss) carried forward | 14 | €730,675 | €730,675 | = | 0.0% |
| Amounts payable | 17/49 | €660,895 | €805,075 | +€144,181 | +21.8% |
| Amounts payable after more than one year | 17 | €425,746 | €328,258 | -€97,488 | -22.9% |
| Financial debts | 170/4 | - | €328,258 | +€328,258 | |
| Amounts payable within one year | 42/48 | €235,149 | €476,817 | +€241,668 | +103% |
| Current portion of amounts payable after more than one year | 42 | - | €97,488 | +€97,488 | |
| Financial debts | 43 | - | €50,184 | +€50,184 | |
| Credit institutions | 430/8 | - | €50,184 | +€50,184 | |
| Trade debts | 44 | €38,252 | €41,686 | +€3,434 | +9.0% |
| Suppliers | 440/4 | - | €41,686 | +€41,686 | |
| Taxes, remuneration and social security | 45 | - | €249,466 | +€249,466 | |
| Taxes | 450/3 | - | €249,466 | +€249,466 | |
| Other amounts payable | 47/48 | - | €37,994 | +€37,994 | |
| Other operating charges | 640/8 | - | €1,272 | +€1,272 | |
| Gross operating margin | 9900 | €37,608 | €14,113 | -€23,494 | -62.5% |
| Operating profit (loss) | 9901 | €36,567 | €12,842 | -€23,725 | -64.9% |
| Financial income | 75/76B | - | €3,222,835 | +€3.2m | |
| Recurring financial income | 75 | €322,555 | €466,900 | +€144,346 | +44.8% |
| Non-recurring financial income | 76B | - | €2,755,935 | +€2.8m | |
| Financial charges | 65/66B | - | €9,711 | +€9,711 | |
| Recurring financial charges | 65 | €11,189 | €9,711 | -€1,478 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €347,932 | €3,225,966 | +€2.9m | +827% |
| Income taxes | 67/77 | €107,787 | €398,003 | +€290,216 | +269% |
| Profit (loss) for the period | 9904 | €240,146 | €2,827,963 | +€2.6m | +1,078% |
| Profit (loss) for the period to be appropriated | 9905 | €240,146 | €2,827,963 | +€2.6m | +1,078% |
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 27 October 2026 via checked.be.