THE GREEN FIELDS: 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.
THE GREEN FIELDS
Largest movements
- Current assets -€15,375
down €15,375 (-5.7%), from €268,623 to €253,248
of which Cash: -€13,140
- Intangible fixed assets +€9,655
new in 2021: €9,655
- Financial fixed assets +€5,330
new in 2021: €5,330
- Debts within one year +€46,329
up €46,329 (+108.6%), from €42,653 to €88,981
of which Other debts: +€46,200
- Equity -€45,399
down €45,399 (-19.9%), from €228,140 to €182,741
of which Reserves: -€45,399
- Gross operating margin -€222,663
down €222,663, from €200,292 to -€22,370
- Staff costs +€15,269
new in 2021: €15,269
- Taxes -€2,272
down €2,272 (-32.9%), from €6,911 to €4,639
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
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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,792 | €271,722 | +€930 | +0.3% |
| Fixed assets | 21/28 | €2,170 | €18,474 | +€16,305 | +751.5% |
| Intangible fixed assets | 21 | - | €9,655 | +€9,655 | |
| Tangible fixed assets | 22/27 | €2,170 | €3,490 | +€1,320 | +60.8% |
| Plant, machinery and equipment | 23 | - | €2,665 | +€2,665 | |
| Furniture and vehicles | 24 | - | €824 | +€824 | |
| Financial fixed assets | 28 | - | €5,330 | +€5,330 | |
| Current assets | 29/58 | €268,623 | €253,248 | -€15,375 | -5.7% |
| Amounts receivable after more than one year | 29 | - | €240,000 | +€240,000 | |
| Other amounts receivable | 291 | - | €240,000 | +€240,000 | |
| Stocks and contracts in progress | 3 | €1,530 | €1,530 | = | 0.0% |
| Stocks | 30/36 | - | €1,530 | +€1,530 | |
| Amounts receivable within one year | 40/41 | €4,345 | €2,001 | -€2,345 | -54.0% |
| Trade receivables | 40 | - | €2,001 | +€2,001 | |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €22,747 | €9,607 | -€13,140 | -57.8% |
| Deferred charges and accrued income | 490/1 | - | €111 | +€111 | |
| Total equity and liabilities | 10/49 | €270,792 | €271,722 | +€930 | +0.3% |
| Equity | 10/15 | €228,140 | €182,741 | -€45,399 | -19.9% |
| Contributions | 10/11 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €209,548 | €164,149 | -€45,399 | -21.7% |
| Distributable reserves | 133 | - | €164,149 | +€164,149 | |
| Amounts payable | 17/49 | €42,653 | €88,981 | +€46,329 | +108.6% |
| Amounts payable within one year | 42/48 | €42,653 | €88,981 | +€46,329 | +108.6% |
| Trade debts | 44 | €18,623 | €6,890 | -€11,734 | -63.0% |
| Suppliers | 440/4 | - | €6,890 | +€6,890 | |
| Taxes, remuneration and social security | 45 | - | €35,892 | +€35,892 | |
| Taxes | 450/3 | - | €17,244 | +€17,244 | |
| Remuneration and social security | 454/9 | - | €18,647 | +€18,647 | |
| Other amounts payable | 47/48 | - | €46,200 | +€46,200 | |
| Remuneration, social security and pensions | 62 | - | €15,269 | +€15,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,279 | €1,999 | +€721 | +56.4% |
| Other operating charges | 640/8 | - | €1,222 | +€1,222 | |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €200,292 | -€22,370 | -€222,663 | |
| Operating profit (loss) | 9901 | €40,157 | -€40,861 | -€81,018 | |
| Financial income | 75/76B | - | €669 | +€669 | |
| Recurring financial income | 75 | €1,075 | €669 | -€406 | -37.7% |
| Financial charges | 65/66B | - | €568 | +€568 | |
| Recurring financial charges | 65 | €2,510 | €568 | -€1,942 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €38,722 | -€40,760 | -€79,482 | |
| Income taxes | 67/77 | €6,911 | €4,639 | -€2,272 | -32.9% |
| Profit (loss) for the period | 9904 | €31,812 | -€45,399 | -€77,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,812 | -€45,399 | -€77,210 |
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 12 October 2026 via checked.be.