THINK²: 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.
THINK²
Largest movements
- Tangible fixed assets -€15,128
down €15,128 (-100.0%), from €15,128 to €0
- Receivables within one year -€11,982
no longer reported in 2021 (was €11,982)
- Profit (loss) carried forward -€15,605
down €15,605 (-64.7%), from -€24,133 to -€39,738
- Debts within one year -€6,433
down €6,433 (-16.5%), from €38,985 to €32,552
- Debts after one year -€5,146
no longer reported in 2021 (was €5,146)
- Gross operating margin -€12,634
down €12,634 (-88.8%), from €14,221 to €1,587
- Other operating charges +€1,658
new in 2021: €1,658
- Depreciation -€526
down €526 (-3.4%), from €15,654 to €15,128
- Financial charges +€406
new in 2021: €406
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
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,057 | €874 | -€27,183 | -96.9% |
| Fixed assets | 21/28 | €15,128 | - | -€15,128 | |
| Tangible fixed assets | 22/27 | €15,128 | €0 | -€15,128 | -100.0% |
| Current assets | 29/58 | €12,929 | €874 | -€12,055 | -93.2% |
| Amounts receivable within one year | 40/41 | €11,982 | - | -€11,982 | |
| Cash at bank and in hand | 54/58 | €948 | €874 | -€74 | -7.8% |
| Total equity and liabilities | 10/49 | €28,057 | €874 | -€27,183 | -96.9% |
| Equity | 10/15 | -€16,073 | -€31,678 | -€15,605 | -97.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€24,133 | -€39,738 | -€15,605 | -64.7% |
| Amounts payable | 17/49 | €44,130 | €32,552 | -€11,578 | -26.2% |
| Amounts payable after more than one year | 17 | €5,146 | - | -€5,146 | |
| Amounts payable within one year | 42/48 | €38,985 | €32,552 | -€6,433 | -16.5% |
| Trade debts | 44 | €736 | - | -€736 | |
| Other amounts payable | 47/48 | - | €32,552 | +€32,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,654 | €15,128 | -€526 | -3.4% |
| Other operating charges | 640/8 | - | €1,658 | +€1,658 | |
| Gross operating margin | 9900 | €14,221 | €1,587 | -€12,634 | -88.8% |
| Operating profit (loss) | 9901 | -€3,904 | -€15,199 | -€11,295 | -289.3% |
| Financial charges | 65/66B | - | €406 | +€406 | |
| Recurring financial charges | 65 | €900 | €406 | -€494 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,804 | -€15,605 | -€10,801 | -224.8% |
| Profit (loss) for the period | 9904 | -€4,804 | -€15,605 | -€10,801 | -224.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,804 | -€15,605 | -€10,801 | -224.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.