TUMULT: 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.
TUMULT
Largest movements
- Receivables within one year -€9,966
down €9,966 (-24.0%), from €41,445 to €31,479
- Cash -€1,402
down €1,402 (-8.8%), from €15,974 to €14,572
mainly Net result for the year (-€10,784) and Debts within one year (-€583)
- Equity -€10,784
down €10,784 (-18.2%), from €59,164 to €48,380
of which Profit (loss) carried forward: -€10,784
- Gross operating margin -€4,753
down €4,753 (-100.5%), from -€4,728 to -€9,481
- Other operating charges +€2,102
new in 2021: €2,102
- Financial income +€1,567
new in 2021: €1,567
- Taxes +€689
new in 2021: €689
- Depreciation -€355
no longer reported in 2021 (was €355)
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 | €59,919 | €48,551 | -€11,368 | -19.0% |
| Fixed assets | 21/28 | €2,500 | €2,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €57,419 | €46,051 | -€11,368 | -19.8% |
| Amounts receivable within one year | 40/41 | €41,445 | €31,479 | -€9,966 | -24.0% |
| Trade receivables | 40 | - | €4,800 | +€4,800 | |
| Other amounts receivable | 41 | - | €26,679 | +€26,679 | |
| Cash at bank and in hand | 54/58 | €15,974 | €14,572 | -€1,402 | -8.8% |
| Total equity and liabilities | 10/49 | €59,919 | €48,551 | -€11,368 | -19.0% |
| Equity | 10/15 | €59,164 | €48,380 | -€10,784 | -18.2% |
| Contributions | 10/11 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €15,315 | €15,315 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €13,455 | +€13,455 | |
| Profit (loss) carried forward | 14 | €31,450 | €20,665 | -€10,784 | -34.3% |
| Amounts payable | 17/49 | €755 | €171 | -€583 | -77.3% |
| Amounts payable within one year | 42/48 | €755 | €171 | -€583 | -77.3% |
| Trade debts | 44 | €746 | €171 | -€575 | -77.0% |
| Suppliers | 440/4 | - | €171 | +€171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | - | -€355 | |
| Other operating charges | 640/8 | - | €2,102 | +€2,102 | |
| Gross operating margin | 9900 | -€4,728 | -€9,481 | -€4,753 | -100.5% |
| Operating profit (loss) | 9901 | -€6,591 | -€11,583 | -€4,992 | -75.7% |
| Financial income | 75/76B | - | €1,567 | +€1,567 | |
| Recurring financial income | 75 | €2,180 | €1,567 | -€613 | -28.1% |
| Financial charges | 65/66B | - | €79 | +€79 | |
| Recurring financial charges | 65 | €80 | €79 | -€0 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,491 | -€10,096 | -€5,605 | -124.8% |
| Income taxes | 67/77 | - | €689 | +€689 | |
| Profit (loss) for the period | 9904 | -€4,491 | -€10,784 | -€6,294 | -140.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,491 | -€10,784 | -€6,294 | -140.1% |
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 6 October 2026 via checked.be.