PREVITI M.: 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.
What changed
PREVITI M.
financial year 2021 compared with 2020filed annual accounts (NBB)
Net result for the year
€11,009
2020 · -€74,146+€85,155
Equity
€119,318
2020 · €108,309+€11,009
Cash
€42,459
2020 · €4,924+€37,535
Balance sheet total
€446,347
2020 · €412,736+€33,611
Largest movements
Assets
- Cash +€37,535
up €37,535 (+762%), from €4,924 to €42,459
mainly Other debts (+€46,196) and Depreciation (+€14,992)
Equity and liabilities
- Other debts +€46,196
up €46,196 (+248%), from €18,635 to €64,831
- Debts after one year -€19,160
down €19,160 (-21.2%), from €90,418 to €71,258
- Profit (loss) carried forward +€13,862
up €13,862 (+221%), from €6,268 to €20,130
Income statement
- Gross operating margin +€88,226
up €88,226, from -€30,506 to €57,720
- Other operating charges +€13,108
up €13,108 (+162%), from €8,113 to €21,221
- Taxes -€3,395
no longer reported in 2021 (was €3,395)
- Financial charges -€1,894
down €1,894 (-14.2%), from €13,344 to €11,450
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.
Result 2020
-€74,146
Gross operating margin
+€88,226
Depreciation
-€7
Other operating charges
-€13,108
Other operating items
+€4,753
Financial income
+€2
Financial charges
+€1,894
Taxes
+€3,395
Result 2021
€11,009
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€68,902
Investment
-€12,500
Financing
-€18,867
Cash 2020
€4,924
From operations (derived)
+€68,902
Net result for the year
+€11,009
Depreciation
+€14,992
Receivables within one year
+€1,433
Provisions
-€950
Trade debts
-€4,321
Tax, wage and social debts
+€544
Other debts
+€46,196
Investment (derived)
-€12,500
Investment in fixed assets (net)
-€12,500
Financing
-€18,867
Debts after one year
-€19,160
Current portion of long-term debt
+€700
Short-term financial debts
-€407
Cash 2021
€42,459
brings cash intakes cash out
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,736 | €446,347 | +€33,611 | +8.1% |
| Fixed assets | 21/28 | €266,618 | €264,126 | -€2,492 | -0.9% |
| Tangible fixed assets | 22/27 | €266,618 | €264,126 | -€2,492 | -0.9% |
| Land and buildings | 22 | €238,750 | €230,625 | -€8,125 | -3.4% |
| Plant, machinery and equipment | 23 | €27,868 | €21,008 | -€6,860 | -24.6% |
| Furniture and vehicles | 24 | - | €12,493 | +€12,493 | |
| Current assets | 29/58 | €146,118 | €182,221 | +€36,103 | +24.7% |
| Amounts receivable within one year | 40/41 | €141,195 | €139,762 | -€1,433 | -1.0% |
| Trade receivables | 40 | €120,702 | €119,850 | -€852 | -0.7% |
| Other amounts receivable | 41 | €20,492 | €19,912 | -€581 | -2.8% |
| Cash at bank and in hand | 54/58 | €4,924 | €42,459 | +€37,535 | +762% |
| Total equity and liabilities | 10/49 | €412,736 | €446,347 | +€33,611 | +8.1% |
| Equity | 10/15 | €108,309 | €119,318 | +€11,009 | +10.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €83,449 | €80,597 | -€2,852 | -3.4% |
| Tax-exempt reserves | 132 | €83,449 | €80,597 | -€2,852 | -3.4% |
| Profit (loss) carried forward | 14 | €6,268 | €20,130 | +€13,862 | +221% |
| Provisions and deferred taxes | 16 | €20,924 | €19,975 | -€950 | -4.5% |
| Deferred taxes | 168 | €20,924 | €19,975 | -€950 | -4.5% |
| Amounts payable | 17/49 | €283,502 | €307,054 | +€23,552 | +8.3% |
| Amounts payable after more than one year | 17 | €90,418 | €71,258 | -€19,160 | -21.2% |
| Financial debts | 170/4 | €90,418 | €71,258 | -€19,160 | -21.2% |
| Amounts payable within one year | 42/48 | €193,085 | €235,797 | +€42,712 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €67,209 | €67,909 | +€700 | +1.0% |
| Financial debts | 43 | €98,875 | €98,468 | -€407 | -0.4% |
| Credit institutions | 430/8 | €98,875 | €98,468 | -€407 | -0.4% |
| Trade debts | 44 | €7,930 | €3,609 | -€4,321 | -54.5% |
| Suppliers | 440/4 | €7,930 | €3,609 | -€4,321 | -54.5% |
| Taxes, remuneration and social security | 45 | €435 | €979 | +€544 | +125% |
| Taxes | 450/3 | €435 | €979 | +€544 | +125% |
| Other amounts payable | 47/48 | €18,635 | €64,831 | +€46,196 | +248% |
| Non-recurring operating income | 76A | €5,606 | €41,491 | +€35,885 | +640% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,985 | €14,992 | +€7 | 0.0% |
| Other operating charges | 640/8 | €8,113 | €21,221 | +€13,108 | +162% |
| Non-recurring operating charges | 66A | €4,753 | - | -€4,753 | |
| Gross operating margin | 9900 | -€30,506 | €57,720 | +€88,226 | |
| Operating profit (loss) | 9901 | -€58,357 | €21,507 | +€79,864 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €13,344 | €11,450 | -€1,894 | -14.2% |
| Recurring financial charges | 65 | €13,344 | €11,450 | -€1,894 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€71,701 | €10,059 | +€81,760 | |
| Transfer from deferred taxes | 780 | €950 | €950 | = | 0.0% |
| Income taxes | 67/77 | €3,395 | - | -€3,395 | |
| Profit (loss) for the period | 9904 | -€74,146 | €11,009 | +€85,155 | |
| Transfer from tax-exempt reserves | 789 | €2,852 | €2,852 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,294 | €13,862 | +€85,155 |
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.