REAL SERENDIPITY: 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.
REAL SERENDIPITY
Largest movements
- Current assets -€108,625
down €108,625 (-18.0%), from €602,589 to €493,964
of which Cash: -€117,699
- Debts within one year -€160,750
down €160,750 (-76.8%), from €209,258 to €48,508
- Equity +€52,628
up €52,628 (+13.4%), from €393,586 to €446,214
of which Reserves: +€52,628
- Gross operating margin -€62,129
down €62,129 (-45.5%), from €136,541 to €74,412
- Taxes -€21,467
down €21,467 (-51.1%), from €42,032 to €20,564
From the 2019 result to the 2020 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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €602,844 | €494,721 | -€108,122 | -17.9% |
| Fixed assets | 21/28 | €255 | €757 | +€502 | +197% |
| Tangible fixed assets | 22/27 | €255 | €757 | +€502 | +197% |
| Current assets | 29/58 | €602,589 | €493,964 | -€108,625 | -18.0% |
| Amounts receivable within one year | 40/41 | €292 | €9,436 | +€9,143 | +3,129% |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €476,409 | €358,711 | -€117,699 | -24.7% |
| Total equity and liabilities | 10/49 | €602,844 | €494,721 | -€108,122 | -17.9% |
| Equity | 10/15 | €393,586 | €446,214 | +€52,628 | +13.4% |
| Contributions | 10/11 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €230,741 | €283,368 | +€52,628 | +22.8% |
| Profit (loss) carried forward | 14 | €144,295 | €144,295 | = | 0.0% |
| Amounts payable | 17/49 | €209,258 | €48,508 | -€160,750 | -76.8% |
| Amounts payable within one year | 42/48 | €209,258 | €48,508 | -€160,750 | -76.8% |
| Trade debts | 44 | €23 | €3,266 | +€3,243 | +14,037% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €497 | €633 | +€136 | +27.4% |
| Gross operating margin | 9900 | €136,541 | €74,412 | -€62,129 | -45.5% |
| Operating profit (loss) | 9901 | €135,697 | €73,431 | -€62,266 | -45.9% |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Recurring financial charges | 65 | €710 | €239 | -€471 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €134,988 | €73,192 | -€61,796 | -45.8% |
| Income taxes | 67/77 | €42,032 | €20,564 | -€21,467 | -51.1% |
| Profit (loss) for the period | 9904 | €92,956 | €52,628 | -€40,328 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,956 | €52,628 | -€40,328 | -43.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.