NTS: 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.
NTS
Largest movements
- Tangible fixed assets -€41,759
down €41,759 (-81.5%), from €51,247 to €9,489
- Current assets +€14,446
up €14,446 (+26.3%), from €54,967 to €69,413
of which Receivables within one year: +€11,767
- Financial fixed assets +€10,000
up €10,000 (+71.4%), from €14,000 to €24,000
- Debts after one year -€24,010
no longer reported in 2021 (was €24,010)
- Debts within one year +€4,433
up €4,433 (+8.6%), from €51,408 to €55,841
of which Other debts: +€24,000
- Equity +€2,264
up €2,264 (+5.1%), from €44,796 to €47,061
of which Contributions: +€18,600
- Staff costs +€34,811
new in 2021: €34,811
- Financial charges +€28,158
new in 2021: €28,158
of which Non-recurring financial charges: +€15,419
- Gross operating margin +€20,356
up €20,356 (+33.0%), from €61,767 to €82,123
- Depreciation -€10,371
down €10,371 (-67.4%), from €15,390 to €5,018
- Other operating charges +€9,761
new in 2021: €9,761
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 | €120,215 | €102,902 | -€17,313 | -14.4% |
| Fixed assets | 21/28 | €65,247 | €33,489 | -€31,759 | -48.7% |
| Tangible fixed assets | 22/27 | €51,247 | €9,489 | -€41,759 | -81.5% |
| Leasing and similar rights | 25 | - | €9,489 | +€9,489 | |
| Financial fixed assets | 28 | €14,000 | €24,000 | +€10,000 | +71.4% |
| Current assets | 29/58 | €54,967 | €69,413 | +€14,446 | +26.3% |
| Amounts receivable within one year | 40/41 | €48,850 | €60,617 | +€11,767 | +24.1% |
| Trade receivables | 40 | - | €43,030 | +€43,030 | |
| Other amounts receivable | 41 | - | €17,587 | +€17,587 | |
| Cash at bank and in hand | 54/58 | €2,792 | €5,812 | +€3,019 | +108% |
| Deferred charges and accrued income | 490/1 | - | €2,984 | +€2,984 | |
| Total equity and liabilities | 10/49 | €120,215 | €102,902 | -€17,313 | -14.4% |
| Equity | 10/15 | €44,796 | €47,061 | +€2,264 | +5.1% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | €26,196 | €28,461 | +€2,264 | +8.6% |
| Amounts payable | 17/49 | €75,418 | €55,841 | -€19,577 | -26.0% |
| Amounts payable after more than one year | 17 | €24,010 | - | -€24,010 | |
| Amounts payable within one year | 42/48 | €51,408 | €55,841 | +€4,433 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,211 | +€4,211 | |
| Trade debts | 44 | €13,451 | €22,212 | +€8,761 | +65.1% |
| Suppliers | 440/4 | - | €22,212 | +€22,212 | |
| Taxes, remuneration and social security | 45 | - | €5,418 | +€5,418 | |
| Taxes | 450/3 | - | €308 | +€308 | |
| Remuneration and social security | 454/9 | - | €5,110 | +€5,110 | |
| Other amounts payable | 47/48 | - | €24,000 | +€24,000 | |
| Remuneration, social security and pensions | 62 | - | €34,811 | +€34,811 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,390 | €5,018 | -€10,371 | -67.4% |
| Other operating charges | 640/8 | - | €9,761 | +€9,761 | |
| Gross operating margin | 9900 | €61,767 | €82,123 | +€20,356 | +33.0% |
| Operating profit (loss) | 9901 | €18,406 | €32,532 | +€14,126 | +76.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | - | €28,158 | +€28,158 | |
| Recurring financial charges | 65 | €3,491 | €12,739 | +€9,248 | +265% |
| Non-recurring financial charges | 66B | - | €15,419 | +€15,419 | |
| Profit (loss) for the period before taxes | 9903 | €14,915 | €4,374 | -€10,541 | -70.7% |
| Income taxes | 67/77 | €1,154 | €2,110 | +€956 | +82.8% |
| Profit (loss) for the period | 9904 | €13,761 | €2,264 | -€11,497 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,761 | €2,264 | -€11,497 | -83.5% |
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 18 October 2026 via checked.be.