VERBRUGGEN & DE SCHUTTER: 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.
VERBRUGGEN & DE SCHUTTER
Largest movements
- Current assets -€62,129
down €62,129 (-4.0%), from €1.6m to €1.5m
- Tangible fixed assets +€32,246
up €32,246 (+3.6%), from €904,742 to €936,988
- Debts within one year -€153,877
down €153,877 (-99.4%), from €154,877 to €1,000
- Reserves +€92,112
up €92,112 (+364%), from €25,294 to €117,406
- Provisions +€30,704
new in 2021: €30,704
- Gross operating margin +€138,180
up €138,180 (+173%), from €79,821 to €218,001
- Depreciation +€3,853
up €3,853 (+5.8%), from €66,625 to €70,478
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 | €2,471,795 | €2,441,913 | -€29,883 | -1.2% |
| Fixed assets | 21/28 | €904,742 | €936,988 | +€32,246 | +3.6% |
| Tangible fixed assets | 22/27 | €904,742 | €936,988 | +€32,246 | +3.6% |
| Current assets | 29/58 | €1,567,053 | €1,504,925 | -€62,129 | -4.0% |
| Amounts receivable within one year | 40/41 | €1,030,062 | €1,444,727 | +€414,665 | +40.3% |
| Cash at bank and in hand | 54/58 | €1,938 | €60,198 | +€58,259 | +3,006% |
| Total equity and liabilities | 10/49 | €2,471,795 | €2,441,913 | -€29,883 | -1.2% |
| Equity | 10/15 | €2,316,919 | €2,410,209 | +€93,290 | +4.0% |
| Contributions | 10/11 | €2,300,000 | €2,300,000 | = | 0.0% |
| Reserves | 13 | €25,294 | €117,406 | +€92,112 | +364% |
| Profit (loss) carried forward | 14 | -€8,375 | -€7,197 | +€1,178 | +14.1% |
| Provisions and deferred taxes | 16 | - | €30,704 | +€30,704 | |
| Amounts payable | 17/49 | €154,877 | €1,000 | -€153,877 | -99.4% |
| Amounts payable within one year | 42/48 | €154,877 | €1,000 | -€153,877 | -99.4% |
| Trade debts | 44 | €104 | - | -€104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,625 | €70,478 | +€3,853 | +5.8% |
| Gross operating margin | 9900 | €79,821 | €218,001 | +€138,180 | +173% |
| Operating profit (loss) | 9901 | -€7,962 | €124,633 | +€132,594 | |
| Recurring financial income | 75 | - | €204 | +€204 | |
| Recurring financial charges | 65 | €414 | €843 | +€429 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€8,375 | €123,994 | +€132,369 | |
| Profit (loss) for the period | 9904 | -€8,375 | €93,290 | +€101,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,375 | €1,178 | +€9,554 |
Source: filed annual accounts (NBB), financial years ended 31 March 2020 and 31 March 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.