QUANTWISE: 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.
QUANTWISE
Largest movements
- Tangible fixed assets -€9,247
down €9,247 (-42.2%), from €21,912 to €12,665
- Equity -€18,806
down €18,806 (-20.7%), from €91,022 to €72,216
of which Profit (loss) carried forward: -€18,806
- Debts within one year +€8,936
up €8,936 (+9.2%), from €96,778 to €105,714
of which Other debts: +€61,735
- Turnover -€214,072
no longer reported in 2021 (was €214,072)
- Gross operating margin -€136,307
down €136,307, from €126,888 to -€9,419
- Taxes -€25,175
no longer reported in 2021 (was €25,175)
- Purchases and services +€9,419
new in 2021: €9,419
- Depreciation -€5,117
down €5,117 (-35.6%), from €14,364 to €9,247
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 | €187,800 | €177,930 | -€9,870 | -5.3% |
| Fixed assets | 21/28 | €21,912 | €12,665 | -€9,247 | -42.2% |
| Tangible fixed assets | 22/27 | €21,912 | €12,665 | -€9,247 | -42.2% |
| Plant, machinery and equipment | 23 | - | €406 | +€406 | |
| Furniture and vehicles | 24 | - | €12,259 | +€12,259 | |
| Current assets | 29/58 | €165,889 | €165,265 | -€624 | -0.4% |
| Amounts receivable within one year | 40/41 | €11,897 | €11,897 | = | 0.0% |
| Other amounts receivable | 41 | - | €11,897 | +€11,897 | |
| Cash at bank and in hand | 54/58 | €153,991 | €153,368 | -€624 | -0.4% |
| Total equity and liabilities | 10/49 | €187,800 | €177,930 | -€9,870 | -5.3% |
| Equity | 10/15 | €91,022 | €72,216 | -€18,806 | -20.7% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €86,022 | €67,216 | -€18,806 | -21.9% |
| Amounts payable | 17/49 | €96,778 | €105,714 | +€8,936 | +9.2% |
| Amounts payable within one year | 42/48 | €96,778 | €105,714 | +€8,936 | +9.2% |
| Trade debts | 44 | €1,694 | €847 | -€847 | -50.0% |
| Suppliers | 440/4 | - | €847 | +€847 | |
| Taxes, remuneration and social security | 45 | - | €43,132 | +€43,132 | |
| Taxes | 450/3 | - | €34,882 | +€34,882 | |
| Remuneration and social security | 454/9 | - | €8,250 | +€8,250 | |
| Other amounts payable | 47/48 | - | €61,735 | +€61,735 | |
| Turnover | 70 | €214,072 | - | -€214,072 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €9,419 | +€9,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,364 | €9,247 | -€5,117 | -35.6% |
| Gross operating margin | 9900 | €126,888 | -€9,419 | -€136,307 | |
| Operating profit (loss) | 9901 | €112,524 | -€18,666 | -€131,190 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | - | €141 | +€141 | |
| Recurring financial charges | 65 | €1,328 | €141 | -€1,188 | -89.4% |
| Profit (loss) for the period before taxes | 9903 | €111,197 | -€18,806 | -€130,003 | |
| Income taxes | 67/77 | €25,175 | - | -€25,175 | |
| Profit (loss) for the period | 9904 | €86,022 | -€18,806 | -€104,829 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,022 | -€18,806 | -€104,829 |
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 10 October 2026 via checked.be.