TOP 1: 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.
TOP 1
Largest movements
- Current assets +€29,273
up €29,273 (+52.2%), from €56,102 to €85,375
of which Current investments: +€29,700
- Tangible fixed assets +€2,318
up €2,318 (+108.0%), from €2,147 to €4,465
- Debts +€21,329
up €21,329 (+97.4%), from €21,891 to €43,220
- Profit (loss) carried forward +€10,263
up €10,263 (+28.2%), from €36,358 to €46,620
- Gross operating margin +€7,500
up €7,500 (+20.7%), from €36,152 to €43,652
- Depreciation +€3,348
up €3,348 (+324.0%), from €1,033 to €4,381
From the 2010 result to the 2011 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 | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,249 | €89,840 | +€31,591 | +54.2% |
| Fixed assets | 21/28 | €2,147 | €4,465 | +€2,318 | +108.0% |
| Tangible fixed assets | 22/27 | €2,147 | €4,465 | +€2,318 | +108.0% |
| Current assets | 29/58 | €56,102 | €85,375 | +€29,273 | +52.2% |
| Stocks and contracts in progress | 3 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Amounts receivable within one year | 40/41 | €30,384 | €30,108 | -€276 | -0.9% |
| Current investments | 50/53 | €20,300 | €50,000 | +€29,700 | +146.3% |
| Cash at bank and in hand | 54/58 | €1,418 | €2,767 | +€1,349 | +95.1% |
| Total equity and liabilities | 10/49 | €58,249 | €89,840 | +€31,591 | +54.2% |
| Equity | 10/15 | €36,358 | €46,620 | +€10,263 | +28.2% |
| Profit (loss) carried forward | 14 | €36,358 | €46,620 | +€10,263 | +28.2% |
| Amounts payable | 17/49 | €21,891 | €43,220 | +€21,329 | +97.4% |
| Amounts payable after more than one year | 17 | €16,159 | €11,787 | -€4,372 | -27.1% |
| Amounts payable within one year | 42/48 | €5,732 | €9,183 | +€3,451 | +60.2% |
| Trade debts | 44 | €1,612 | €3,280 | +€1,668 | +103.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,033 | €4,381 | +€3,348 | +324.0% |
| Gross operating margin | 9900 | €36,152 | €43,652 | +€7,500 | +20.7% |
| Operating profit (loss) | 9901 | €26,608 | €12,895 | -€13,713 | -51.5% |
| Recurring financial income | 75 | €23 | €169 | +€147 | +639.8% |
| Recurring financial charges | 65 | €2,975 | €2,794 | -€181 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €23,656 | €10,271 | -€13,386 | -56.6% |
| Profit (loss) for the period | 9904 | €23,656 | €10,263 | -€13,394 | -56.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.