VAQUALAN TWO: 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.
VAQUALAN TWO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Equity -€70,572
down €70,572 (-80.4%), from -€87,830 to -€158,402
of which Profit (loss) carried forward: -€70,572
- Debts within one year +€65,574
up €65,574 (+8.9%), from €740,125 to €805,699
of which Other debts: +€804,226
- Gross operating margin -€45,838
down €45,838 (-440%), from -€10,407 to -€56,245
- Financial charges +€967
new in 2021: €967
- Other operating charges +€860
new in 2021: €860
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 | €652,295 | €647,297 | -€4,998 | -0.8% |
| Current assets | 29/58 | €652,295 | €647,297 | -€4,998 | -0.8% |
| Stocks and contracts in progress | 3 | €300,000 | €300,000 | = | 0.0% |
| Stocks | 30/36 | - | €300,000 | +€300,000 | |
| Amounts receivable within one year | 40/41 | €279,036 | €276,938 | -€2,098 | -0.8% |
| Other amounts receivable | 41 | - | €276,938 | +€276,938 | |
| Cash at bank and in hand | 54/58 | €3,396 | €496 | -€2,900 | -85.4% |
| Deferred charges and accrued income | 490/1 | - | €69,863 | +€69,863 | |
| Total equity and liabilities | 10/49 | €652,295 | €647,297 | -€4,998 | -0.8% |
| Equity | 10/15 | -€87,830 | -€158,402 | -€70,572 | -80.4% |
| Contributions | 10/11 | - | €20,460 | +€20,460 | |
| Contributions outside capital | 11 | - | €20,460 | +€20,460 | |
| Other | 1109/19 | - | €20,460 | +€20,460 | |
| Profit (loss) carried forward | 14 | -€108,290 | -€178,862 | -€70,572 | -65.2% |
| Amounts payable | 17/49 | €740,125 | €805,699 | +€65,574 | +8.9% |
| Amounts payable within one year | 42/48 | €740,125 | €805,699 | +€65,574 | +8.9% |
| Trade debts | 44 | €9,391 | €1,473 | -€7,918 | -84.3% |
| Suppliers | 440/4 | - | €1,473 | +€1,473 | |
| Other amounts payable | 47/48 | - | €804,226 | +€804,226 | |
| Other operating charges | 640/8 | - | €860 | +€860 | |
| Non-recurring operating charges | 66A | - | €12,500 | +€12,500 | |
| Gross operating margin | 9900 | -€10,407 | -€56,245 | -€45,838 | -440% |
| Operating profit (loss) | 9901 | -€19,827 | -€69,605 | -€49,778 | -251% |
| Financial charges | 65/66B | - | €967 | +€967 | |
| Recurring financial charges | 65 | €363 | €967 | +€604 | +166% |
| Profit (loss) for the period before taxes | 9903 | -€20,190 | -€70,572 | -€50,382 | -250% |
| Profit (loss) for the period | 9904 | -€20,190 | -€70,572 | -€50,382 | -250% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,190 | -€70,572 | -€50,382 | -250% |
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 22 October 2026 via checked.be.