S-RA: 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.
S-RA
Largest movements
- Current assets +€46,315
up €46,315 (+121.5%), from €38,111 to €84,426
of which Receivables within one year: +€43,738
- Debts +€44,768
up €44,768 (+156.8%), from €28,544 to €73,312
- Profit (loss) carried forward +€1,547
up €1,547 (+2300.0%), from €67 to €1,615
- Gross operating margin -€3,979
down €3,979 (-18.3%), from €21,793 to €17,814
- Taxes -€2,287
down €2,287 (-84.9%), from €2,693 to €405
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.
Cash bridge derived
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 | €38,111 | €84,426 | +€46,315 | +121.5% |
| Current assets | 29/58 | €38,111 | €84,426 | +€46,315 | +121.5% |
| Amounts receivable within one year | 40/41 | €34,384 | €78,123 | +€43,738 | +127.2% |
| Cash at bank and in hand | 54/58 | €2,460 | €2,217 | -€243 | -9.9% |
| Total equity and liabilities | 10/49 | €38,111 | €84,426 | +€46,315 | +121.5% |
| Equity | 10/15 | €9,567 | €11,115 | +€1,547 | +16.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67 | €1,615 | +€1,547 | +2300.0% |
| Amounts payable | 17/49 | €28,544 | €73,312 | +€44,768 | +156.8% |
| Amounts payable within one year | 42/48 | €6,944 | €54,596 | +€47,652 | +686.3% |
| Trade debts | 44 | €4,050 | €26,640 | +€22,590 | +557.8% |
| Gross operating margin | 9900 | €21,793 | €17,814 | -€3,979 | -18.3% |
| Operating profit (loss) | 9901 | €11,430 | -€1,128 | -€12,557 | |
| Recurring financial income | 75 | €1,088 | €3,937 | +€2,850 | +262.0% |
| Recurring financial charges | 65 | €757 | €857 | +€99 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €11,760 | €1,953 | -€9,807 | -83.4% |
| Income taxes | 67/77 | €2,693 | €405 | -€2,287 | -84.9% |
| Profit (loss) for the period | 9904 | €9,067 | €1,547 | -€7,520 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,067 | €1,547 | -€7,520 | -82.9% |
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 11 October 2026 via checked.be.