WORLDFIN: 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.
WORLDFIN
Largest movements
- Current assets -€30,580
down €30,580 (-58.3%), from €52,424 to €21,844
of which Cash: -€29,364
- Tangible fixed assets -€4,296
down €4,296 (-26.3%), from €16,348 to €12,052
- Profit (loss) carried forward -€36,092
down €36,092 (-1,267%), from -€2,849 to -€38,942
- Debts +€1,216
up €1,216 (+11.2%), from €10,877 to €12,093
of which Debts within one year: +€1,516
- Purchases and services +€215,792
new in 2021: €215,792
- Turnover +€88,501
up €88,501 (+54.7%), from €161,729 to €250,231
- Staff costs +€52,042
new in 2021: €52,042
- Gross operating margin -€39,525
down €39,525 (-53.1%), from €74,476 to €34,952
- Other operating charges +€6,630
new in 2021: €6,630
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 | €68,972 | €34,095 | -€34,876 | -50.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €16,548 | €12,252 | -€4,296 | -26.0% |
| Tangible fixed assets | 22/27 | €16,348 | €12,052 | -€4,296 | -26.3% |
| Furniture and vehicles | 24 | - | €12,052 | +€12,052 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €52,424 | €21,844 | -€30,580 | -58.3% |
| Amounts receivable within one year | 40/41 | €1,102 | €161 | -€941 | -85.4% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | - | €161 | +€161 | |
| Cash at bank and in hand | 54/58 | €51,046 | €21,683 | -€29,364 | -57.5% |
| Total equity and liabilities | 10/49 | €68,972 | €34,095 | -€34,876 | -50.6% |
| Equity | 10/15 | €58,094 | €22,002 | -€36,092 | -62.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €42,344 | €42,344 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €980 | +€980 | |
| Legal reserve | 130 | - | €980 | +€980 | |
| Distributable reserves | 133 | - | €41,364 | +€41,364 | |
| Profit (loss) carried forward | 14 | -€2,849 | -€38,942 | -€36,092 | -1,267% |
| Amounts payable | 17/49 | €10,877 | €12,093 | +€1,216 | +11.2% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €10,577 | €12,093 | +€1,516 | +14.3% |
| Trade debts | 44 | €78 | €1,240 | +€1,162 | +1,484% |
| Suppliers | 440/4 | - | €1,240 | +€1,240 | |
| Taxes, remuneration and social security | 45 | - | €10,853 | +€10,853 | |
| Taxes | 450/3 | - | €3,869 | +€3,869 | |
| Remuneration and social security | 454/9 | - | €6,984 | +€6,984 | |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | €161,729 | €250,231 | +€88,501 | +54.7% |
| Non-recurring operating income | 76A | - | €513 | +€513 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €215,792 | +€215,792 | |
| Remuneration, social security and pensions | 62 | - | €52,042 | +€52,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,898 | €10,702 | +€1,804 | +20.3% |
| Other operating charges | 640/8 | - | €6,630 | +€6,630 | |
| Non-recurring operating charges | 66A | - | €12 | +€12 | |
| Gross operating margin | 9900 | €74,476 | €34,952 | -€39,525 | -53.1% |
| Operating profit (loss) | 9901 | €15,225 | -€34,434 | -€49,659 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | - | €1,668 | +€1,668 | |
| Recurring financial charges | 65 | €4,339 | €1,668 | -€2,671 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €10,886 | -€36,092 | -€46,978 | |
| Income taxes | 67/77 | €3,832 | - | -€3,832 | |
| Profit (loss) for the period | 9904 | €7,054 | -€36,092 | -€43,146 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,054 | -€36,092 | -€43,146 |
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.