The Ostrov: 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 Ostrov
Largest movements
- Receivables within one year +€190,970
up €190,970 (+94.9%), from €201,255 to €392,225
- Tangible fixed assets -€135,094
down €135,094 (-2.5%), from €5.5m to €5.4m
- Debts after one year -€107,778
down €107,778 (-4.0%), from €2.7m to €2.6m
- Debts within one year +€73,124
up €73,124 (+4.6%), from €1.6m to €1.7m
- Gross operating margin -€182,340
down €182,340 (-39.1%), from €466,882 to €284,543
- Taxes -€62,239
down €62,239 (-79.5%), from €78,265 to €16,026
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
Derived from the 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,775,582 | €5,784,952 | +€9,371 | +0.2% |
| Fixed assets | 21/28 | €5,509,990 | €5,374,896 | -€135,094 | -2.5% |
| Tangible fixed assets | 22/27 | €5,509,990 | €5,374,896 | -€135,094 | -2.5% |
| Current assets | 29/58 | €265,592 | €410,056 | +€144,464 | +54.4% |
| Amounts receivable within one year | 40/41 | €201,255 | €392,225 | +€190,970 | +94.9% |
| Cash at bank and in hand | 54/58 | €64,337 | €17,831 | -€46,506 | -72.3% |
| Total equity and liabilities | 10/49 | €5,775,582 | €5,784,952 | +€9,371 | +0.2% |
| Equity | 10/15 | €1,497,848 | €1,541,873 | +€44,025 | +2.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €997,848 | €1,041,873 | +€44,025 | +4.4% |
| Amounts payable | 17/49 | €4,277,733 | €4,243,079 | -€34,654 | -0.8% |
| Amounts payable after more than one year | 17 | €2,698,888 | €2,591,111 | -€107,778 | -4.0% |
| Amounts payable within one year | 42/48 | €1,578,845 | €1,651,968 | +€73,124 | +4.6% |
| Trade debts | 44 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,094 | €135,094 | = | 0.0% |
| Gross operating margin | 9900 | €466,882 | €284,543 | -€182,340 | -39.1% |
| Operating profit (loss) | 9901 | €279,086 | €92,732 | -€186,354 | -66.8% |
| Recurring financial charges | 65 | €28,249 | €32,681 | +€4,432 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €247,858 | €60,051 | -€187,807 | -75.8% |
| Income taxes | 67/77 | €78,265 | €16,026 | -€62,239 | -79.5% |
| Profit (loss) for the period | 9904 | €169,593 | €44,025 | -€125,568 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €169,593 | €44,025 | -€125,568 | -74.0% |
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.