Pinocchio: 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.
Pinocchio
Largest movements
- Current investments -€155,694
down €155,694 (-10.7%), from €1.5m to €1.3m
- Cash -€24,520
down €24,520 (-34.0%), from €72,112 to €47,592
mainly Net result for the year (-€173,237) and Investment in fixed assets (net) (-€5,411)
- Profit (loss) carried forward -€173,237
down €173,237 (-11.3%), from €1.5m to €1.4m
- Purchases and services +€310,023
new in 2021: €310,023
- Gross operating margin -€193,819
down €193,819, from €31,163 to -€162,656
- Financial charges +€14,546
new in 2021: €14,546
- Financial income +€9,184
new in 2021: €9,184
- Turnover +€9,137
up €9,137 (+2,386%), from €383 to €9,520
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
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 | €1,546,764 | €1,370,589 | -€176,175 | -11.4% |
| Fixed assets | 21/28 | €19,207 | €19,399 | +€192 | +1.0% |
| Tangible fixed assets | 22/27 | €19,207 | €19,399 | +€192 | +1.0% |
| Plant, machinery and equipment | 23 | - | €18,230 | +€18,230 | |
| Furniture and vehicles | 24 | - | €1,169 | +€1,169 | |
| Current assets | 29/58 | €1,527,557 | €1,351,190 | -€176,367 | -11.5% |
| Amounts receivable within one year | 40/41 | - | €3,962 | +€3,962 | |
| Trade receivables | 40 | - | €3,962 | +€3,962 | |
| Current investments | 50/53 | €1,454,615 | €1,298,921 | -€155,694 | -10.7% |
| Cash at bank and in hand | 54/58 | €72,112 | €47,592 | -€24,520 | -34.0% |
| Deferred charges and accrued income | 490/1 | - | €715 | +€715 | |
| Total equity and liabilities | 10/49 | €1,546,764 | €1,370,589 | -€176,175 | -11.4% |
| Equity | 10/15 | €1,537,439 | €1,364,202 | -€173,237 | -11.3% |
| Profit (loss) carried forward | 14 | €1,537,439 | €1,364,202 | -€173,237 | -11.3% |
| Amounts payable | 17/49 | €9,325 | €6,387 | -€2,938 | -31.5% |
| Amounts payable within one year | 42/48 | €8,775 | €6,387 | -€2,388 | -27.2% |
| Trade debts | 44 | €947 | - | -€947 | |
| Taxes, remuneration and social security | 45 | - | €6,207 | +€6,207 | |
| Remuneration and social security | 454/9 | - | €6,207 | +€6,207 | |
| Turnover | 70 | €383 | €9,520 | +€9,137 | +2,386% |
| Membership fees, donations, legacies and grants | 73 | - | €137,847 | +€137,847 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €310,023 | +€310,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,137 | €5,219 | +€1,082 | +26.2% |
| Gross operating margin | 9900 | €31,163 | -€162,656 | -€193,819 | |
| Operating profit (loss) | 9901 | -€14,106 | -€167,875 | -€153,769 | -1,090% |
| Financial income | 75/76B | - | €9,184 | +€9,184 | |
| Recurring financial income | 75 | €13,335 | €8,503 | -€4,832 | -36.2% |
| Non-recurring financial income | 76B | - | €681 | +€681 | |
| Financial charges | 65/66B | - | €14,546 | +€14,546 | |
| Recurring financial charges | 65 | €12,795 | €12,349 | -€446 | -3.5% |
| Non-recurring financial charges | 66B | - | €2,197 | +€2,197 | |
| Profit (loss) for the period before taxes | 9903 | -€13,679 | -€173,237 | -€159,558 | -1,166% |
| Profit (loss) for the period | 9904 | -€13,679 | -€173,237 | -€159,558 | -1,166% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,679 | -€173,237 | -€159,558 | -1,166% |
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 19 October 2026 via checked.be.