NTM Group: 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.
NTM Group
Largest movements
- Current investments -€709
no longer reported in 2021 (was €709)
- Tangible fixed assets -€706
down €706 (-37.1%), from €1,903 to €1,197
- Receivables within one year -€288
down €288 (-23.4%), from €1,230 to €943
- Profit (loss) carried forward -€3,986
down €3,986 (-87.5%), from -€4,557 to -€8,543
- Debts within one year +€2,273
up €2,273 (+66.6%), from €3,413 to €5,686
of which Other debts: +€5,537
- Gross operating margin +€1,257
up €1,257 (+33.0%), from -€3,807 to -€2,550
- Other operating charges +€563
new in 2021: €563
- Depreciation +€491
up €491 (+228.7%), from €215 to €706
- Financial charges +€168
new in 2021: €168
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 | €3,856 | €2,143 | -€1,714 | -44.4% |
| Fixed assets | 21/28 | €1,903 | €1,197 | -€706 | -37.1% |
| Tangible fixed assets | 22/27 | €1,903 | €1,197 | -€706 | -37.1% |
| Plant, machinery and equipment | 23 | - | €1,126 | +€1,126 | |
| Furniture and vehicles | 24 | - | €72 | +€72 | |
| Current assets | 29/58 | €1,953 | €945 | -€1,008 | -51.6% |
| Amounts receivable within one year | 40/41 | €1,230 | €943 | -€288 | -23.4% |
| Other amounts receivable | 41 | - | €943 | +€943 | |
| Current investments | 50/53 | €709 | - | -€709 | |
| Cash at bank and in hand | 54/58 | €13 | €2 | -€11 | -82.3% |
| Total equity and liabilities | 10/49 | €3,856 | €2,143 | -€1,714 | -44.4% |
| Equity | 10/15 | €443 | -€3,543 | -€3,986 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | - | €5,000 | +€5,000 | |
| Issued capital | 100 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | -€4,557 | -€8,543 | -€3,986 | -87.5% |
| Amounts payable | 17/49 | €3,413 | €5,686 | +€2,273 | +66.6% |
| Amounts payable within one year | 42/48 | €3,413 | €5,686 | +€2,273 | +66.6% |
| Trade debts | 44 | €156 | €149 | -€7 | -4.5% |
| Suppliers | 440/4 | - | €149 | +€149 | |
| Other amounts payable | 47/48 | - | €5,537 | +€5,537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215 | €706 | +€491 | +228.7% |
| Other operating charges | 640/8 | - | €563 | +€563 | |
| Gross operating margin | 9900 | -€3,807 | -€2,550 | +€1,257 | +33.0% |
| Operating profit (loss) | 9901 | -€4,548 | -€3,819 | +€729 | +16.0% |
| Financial charges | 65/66B | - | €168 | +€168 | |
| Recurring financial charges | 65 | €9 | €168 | +€159 | +1729.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,557 | -€3,986 | +€571 | +12.5% |
| Profit (loss) for the period | 9904 | -€4,557 | -€3,986 | +€571 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,557 | -€3,986 | +€571 | +12.5% |
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 9 October 2026 via checked.be.