TreeSpoke: 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.
TreeSpoke
Largest movements
- Current assets +€7,312
up €7,312 (+6.5%), from €112,727 to €120,039
of which Cash: +€13,073
- Intangible fixed assets +€5,781
new in 2021: €5,781
- Profit (loss) carried forward +€41,493
up €41,493 (+27.1%), from -€153,254 to -€111,761
- Debts -€27,664
down €27,664 (-28.4%), from €97,381 to €69,718
- Gross operating margin +€42,639
up €42,639 (+2,049%), from €2,081 to €44,720
- Depreciation -€17,716
down €17,716 (-87.8%), from €20,178 to €2,463
- Other operating charges +€567
new in 2021: €567
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.
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 | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,727 | €126,557 | +€13,829 | +12.3% |
| Fixed assets | 21/28 | - | €6,517 | +€6,517 | |
| Intangible fixed assets | 21 | - | €5,781 | +€5,781 | |
| Tangible fixed assets | 22/27 | - | €736 | +€736 | |
| Plant, machinery and equipment | 23 | - | €736 | +€736 | |
| Current assets | 29/58 | €112,727 | €120,039 | +€7,312 | +6.5% |
| Stocks and contracts in progress | 3 | €2,615 | €10,083 | +€7,468 | +286% |
| Stocks | 30/36 | - | €10,083 | +€10,083 | |
| Amounts receivable within one year | 40/41 | €43,157 | €30,678 | -€12,479 | -28.9% |
| Trade receivables | 40 | - | €24,174 | +€24,174 | |
| Other amounts receivable | 41 | - | €6,504 | +€6,504 | |
| Cash at bank and in hand | 54/58 | €65,415 | €78,488 | +€13,073 | +20.0% |
| Deferred charges and accrued income | 490/1 | - | €790 | +€790 | |
| Total equity and liabilities | 10/49 | €112,727 | €126,557 | +€13,829 | +12.3% |
| Equity | 10/15 | €15,346 | €56,839 | +€41,493 | +270% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Capital | 10 | - | €168,600 | +€168,600 | |
| Issued capital | 100 | - | €168,600 | +€168,600 | |
| Profit (loss) carried forward | 14 | -€153,254 | -€111,761 | +€41,493 | +27.1% |
| Amounts payable | 17/49 | €97,381 | €69,718 | -€27,664 | -28.4% |
| Amounts payable within one year | 42/48 | €36,077 | €27,604 | -€8,473 | -23.5% |
| Trade debts | 44 | €29,502 | €18,812 | -€10,690 | -36.2% |
| Suppliers | 440/4 | - | €18,812 | +€18,812 | |
| Taxes, remuneration and social security | 45 | - | €8,792 | +€8,792 | |
| Taxes | 450/3 | - | €8,792 | +€8,792 | |
| Accrued charges and deferred income | 492/3 | - | €42,114 | +€42,114 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,178 | €2,463 | -€17,716 | -87.8% |
| Other operating charges | 640/8 | - | €567 | +€567 | |
| Gross operating margin | 9900 | €2,081 | €44,720 | +€42,639 | +2,049% |
| Operating profit (loss) | 9901 | -€18,564 | €41,690 | +€60,255 | |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | €25 | €28 | +€3 | +13.6% |
| Financial charges | 65/66B | - | €226 | +€226 | |
| Recurring financial charges | 65 | €183 | €226 | +€42 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,723 | €41,493 | +€60,216 | |
| Profit (loss) for the period | 9904 | -€18,723 | €41,493 | +€60,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,723 | €41,493 | +€60,216 |
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 15 October 2026 via checked.be.