S14: what changed
Two fiscal 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.
S14
Largest movements
- Tangible fixed assets -€647,173
down €647,173 (-80.6%), from €802,761 to €155,588
- Current assets +€12,977
up €12,977 (+3.5%), from €369,247 to €382,224
of which Cash: +€12,798
- Profit (loss) carried forward -€592,292
down €592,292 (-111.4%), from -€531,700 to -€1.1m
- Debts -€280,665
down €280,665 (-16.3%), from €1.7m to €1.4m
of which Debts after one year: -€947,071
- Contributions +€224,800
up €224,800 (+365.5%), from €61,500 to €286,300
- Gross operating margin -€228,765
down €228,765, from €144,600 to -€84,165
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 | €1,262,896 | €627,014 | -€635,881 | -50.4% |
| Fixed assets | 21/28 | €893,649 | €244,791 | -€648,858 | -72.6% |
| Intangible fixed assets | 21 | €1,844 | €159 | -€1,685 | -91.4% |
| Tangible fixed assets | 22/27 | €802,761 | €155,588 | -€647,173 | -80.6% |
| Financial fixed assets | 28 | €89,044 | €89,044 | = | 0.0% |
| Current assets | 29/58 | €369,247 | €382,224 | +€12,977 | +3.5% |
| Amounts receivable within one year | 40/41 | €246,724 | €245,424 | -€1,301 | -0.5% |
| Cash at bank and in hand | 54/58 | €6,440 | €19,237 | +€12,798 | +198.7% |
| Total equity and liabilities | 10/49 | €1,262,896 | €627,014 | -€635,881 | -50.4% |
| Equity | 10/15 | -€464,050 | -€831,542 | -€367,492 | -79.2% |
| Contributions | 10/11 | €61,500 | €286,300 | +€224,800 | +365.5% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€531,700 | -€1,123,992 | -€592,292 | -111.4% |
| Provisions and deferred taxes | 16 | - | €12,275 | +€12,275 | |
| Amounts payable | 17/49 | €1,726,946 | €1,446,281 | -€280,665 | -16.3% |
| Amounts payable after more than one year | 17 | €947,071 | - | -€947,071 | |
| Amounts payable within one year | 42/48 | €674,101 | €1,349,171 | +€675,070 | +100.1% |
| Trade debts | 44 | €593,766 | €1,247,894 | +€654,128 | +110.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,796 | €106,728 | -€69 | -0.1% |
| Gross operating margin | 9900 | €144,600 | -€84,165 | -€228,765 | |
| Operating profit (loss) | 9901 | -€259,186 | -€1,102,117 | -€842,931 | -325.2% |
| Recurring financial income | 75 | €3 | €125 | +€123 | +4847.4% |
| Recurring financial charges | 65 | €186,286 | €22,000 | -€164,286 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | -€445,469 | -€1,123,992 | -€678,522 | -152.3% |
| Profit (loss) for the period | 9904 | -€445,469 | -€1,123,992 | -€678,522 | -152.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€445,469 | -€1,123,992 | -€678,522 | -152.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.