UMBRELLA: 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.
UMBRELLA
Largest movements
- Current assets +€2,331
up €2,331 (+7.2%), from €32,507 to €34,837
of which Receivables within one year: +€2,337
- Equity +€9,523
up €9,523 (+42.0%), from -€22,684 to -€13,161
of which Profit (loss) carried forward: +€9,523
- Debts -€7,064
down €7,064 (-12.8%), from €55,389 to €48,325
of which Debts within one year: -€7,014
- Gross operating margin +€6,692
up €6,692 (+178.2%), from €3,756 to €10,448
- Taxes -€117
no longer reported in 2020 (was €117)
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.
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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,705 | €35,164 | +€2,459 | +7.5% |
| Fixed assets | 21/28 | €198 | €326 | +€128 | +64.9% |
| Tangible fixed assets | 22/27 | €198 | €326 | +€128 | +64.9% |
| Current assets | 29/58 | €32,507 | €34,837 | +€2,331 | +7.2% |
| Stocks and contracts in progress | 3 | €20,963 | €20,805 | -€158 | -0.8% |
| Amounts receivable within one year | 40/41 | €904 | €3,241 | +€2,337 | +258.3% |
| Cash at bank and in hand | 54/58 | €484 | €2,507 | +€2,023 | +418.0% |
| Total equity and liabilities | 10/49 | €32,705 | €35,164 | +€2,459 | +7.5% |
| Equity | 10/15 | -€22,684 | -€13,161 | +€9,523 | +42.0% |
| Contributions | 10/11 | €18,835 | - | -€18,835 | |
| Reserves | 13 | €165 | €165 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,684 | -€32,161 | +€9,523 | +22.8% |
| Amounts payable | 17/49 | €55,389 | €48,325 | -€7,064 | -12.8% |
| Amounts payable after more than one year | 17 | €28,000 | €28,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,457 | €10,442 | -€7,014 | -40.2% |
| Trade debts | 44 | €602 | €4,142 | +€3,540 | +588.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199 | €142 | -€57 | -28.7% |
| Gross operating margin | 9900 | €3,756 | €10,448 | +€6,692 | +178.2% |
| Operating profit (loss) | 9901 | €2,804 | €9,595 | +€6,791 | +242.2% |
| Recurring financial income | 75 | €46 | €89 | +€43 | +94.2% |
| Recurring financial charges | 65 | €1,440 | €160 | -€1,280 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €1,409 | €9,523 | +€8,114 | +575.8% |
| Income taxes | 67/77 | €117 | - | -€117 | |
| Profit (loss) for the period | 9904 | €1,292 | €9,523 | +€8,231 | +636.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,292 | €9,523 | +€8,231 | +636.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.