TELL ME: 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.
TELL ME
Largest movements
- Current assets -€11,984
down €11,984 (-50.2%), from €23,883 to €11,899
of which Receivables within one year: -€7,311
- Tangible fixed assets -€5,027
down €5,027 (-30.9%), from €16,295 to €11,268
- Profit (loss) carried forward -€87,008
down €87,008 (-57.8%), from -€150,557 to -€237,565
- Debts after one year +€52,447
up €52,447 (+37.3%), from €140,488 to €192,935
- Debts within one year +€17,550
up €17,550 (+54.9%), from €31,947 to €49,497
- Gross operating margin +€77,053
up €77,053 (+62.6%), from -€123,181 to -€46,128
- Depreciation -€1,654
down €1,654 (-24.8%), from €6,682 to €5,027
From the 2018 result to the 2019 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 | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,478 | €23,467 | -€17,011 | -42.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,595 | €11,568 | -€5,027 | -30.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €16,295 | €11,268 | -€5,027 | -30.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €23,883 | €11,899 | -€11,984 | -50.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,729 | €8,418 | -€7,311 | -46.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,368 | €2,835 | -€4,533 | -61.5% |
| Total equity and liabilities | 10/49 | €40,478 | €23,467 | -€17,011 | -42.0% |
| Equity | 10/15 | -€131,957 | -€218,965 | -€87,008 | -65.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€150,557 | -€237,565 | -€87,008 | -57.8% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Amounts payable | 17/49 | €172,435 | €242,432 | +€69,997 | +40.6% |
| Amounts payable after more than one year | 17 | €140,488 | €192,935 | +€52,447 | +37.3% |
| Amounts payable within one year | 42/48 | €31,947 | €49,497 | +€17,550 | +54.9% |
| Trade debts | 44 | €28,476 | €35,442 | +€6,967 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,682 | €5,027 | -€1,654 | -24.8% |
| Gross operating margin | 9900 | -€123,181 | -€46,128 | +€77,053 | +62.6% |
| Operating profit (loss) | 9901 | -€150,475 | -€86,355 | +€64,120 | +42.6% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -70.6% |
| Recurring financial charges | 65 | €83 | €544 | +€461 | +557% |
| Profit (loss) for the period before taxes | 9903 | -€150,557 | -€86,899 | +€63,658 | +42.3% |
| Income taxes | 67/77 | €0 | €109 | +€109 | |
| Profit (loss) for the period | 9904 | -€150,557 | -€87,008 | +€63,549 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,557 | -€87,008 | +€63,549 | +42.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.