QRM Institute: 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.
QRM Institute
Largest movements
- Receivables within one year -€3,433
down €3,433 (-32.7%), from €10,497 to €7,064
- Cash +€3,290
up €3,290 (+27.7%), from €11,861 to €15,151
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€18,144
down €18,144, from €17,131 to -€1,013
From the 2019 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,358 | €22,215 | -€143 | -0.6% |
| Current assets | 29/58 | €22,358 | €22,215 | -€143 | -0.6% |
| Amounts receivable within one year | 40/41 | €10,497 | €7,064 | -€3,433 | -32.7% |
| Trade receivables | 40 | - | €7,049 | +€7,049 | |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €11,861 | €15,151 | +€3,290 | +27.7% |
| Total equity and liabilities | 10/49 | €22,358 | €22,215 | -€143 | -0.6% |
| Equity | 10/15 | €16,225 | €16,245 | +€20 | +0.1% |
| Profit (loss) carried forward | 14 | €16,225 | €16,245 | +€20 | +0.1% |
| Amounts payable | 17/49 | €6,133 | €5,970 | -€163 | -2.7% |
| Amounts payable within one year | 42/48 | €6,133 | €5,970 | -€163 | -2.7% |
| Trade debts | 44 | €5,925 | €5,970 | +€45 | +0.8% |
| Suppliers | 440/4 | - | €5,970 | +€5,970 | |
| Gross operating margin | 9900 | €17,131 | -€1,013 | -€18,144 | |
| Operating profit (loss) | 9901 | €16,306 | -€1,013 | -€17,319 | |
| Financial charges | 65/66B | - | €163 | +€163 | |
| Recurring financial charges | 65 | €81 | €163 | +€82 | +101% |
| Profit (loss) for the period before taxes | 9903 | €16,225 | -€1,176 | -€17,401 | |
| Profit (loss) for the period | 9904 | €16,225 | -€1,176 | -€17,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,225 | -€1,176 | -€17,401 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.