YOUNG TEAM: 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.
YOUNG TEAM
Largest movements
- Receivables within one year -€101,493
down €101,493 (-32.2%), from €314,860 to €213,366
- Tangible fixed assets +€12,538
up €12,538 (+11.2%), from €112,234 to €124,772
of which Furniture and vehicles: +€98,581
- Profit (loss) carried forward -€122,843
down €122,843 (-60.5%), from €202,916 to €80,072
- Debts within one year +€61,780
up €61,780 (+43.1%), from €143,396 to €205,177
of which Trade debts: +€76,943
- Debts after one year -€27,893
down €27,893 (-67.4%), from €41,402 to €13,509
- Gross operating margin -€132,233
down €132,233 (-74.2%), from €178,325 to €46,093
- Taxes +€54,673
up €54,673 (+269%), from €20,327 to €75,000
- Staff costs +€19,505
new in 2021: €19,505
- Depreciation +€19,430
up €19,430 (+42.4%), from €45,819 to €65,249
- Financial charges +€6,346
new in 2021: €6,346
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 | €428,634 | €339,679 | -€88,956 | -20.8% |
| Fixed assets | 21/28 | €113,774 | €126,312 | +€12,538 | +11.0% |
| Tangible fixed assets | 22/27 | €112,234 | €124,772 | +€12,538 | +11.2% |
| Plant, machinery and equipment | 23 | - | €20,473 | +€20,473 | |
| Furniture and vehicles | 24 | - | €98,581 | +€98,581 | |
| Leasing and similar rights | 25 | - | €5,718 | +€5,718 | |
| Financial fixed assets | 28 | €1,540 | €1,540 | = | 0.0% |
| Current assets | 29/58 | €314,860 | €213,366 | -€101,493 | -32.2% |
| Amounts receivable within one year | 40/41 | €314,860 | €213,366 | -€101,493 | -32.2% |
| Trade receivables | 40 | - | €11,058 | +€11,058 | |
| Other amounts receivable | 41 | - | €202,309 | +€202,309 | |
| Total equity and liabilities | 10/49 | €428,634 | €339,679 | -€88,956 | -20.8% |
| Equity | 10/15 | €243,836 | €120,992 | -€122,843 | -50.4% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Capital | 10 | - | €37,200 | +€37,200 | |
| Issued capital | 100 | - | €37,200 | +€37,200 | |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €3,720 | +€3,720 | |
| Legal reserve | 130 | - | €3,720 | +€3,720 | |
| Profit (loss) carried forward | 14 | €202,916 | €80,072 | -€122,843 | -60.5% |
| Amounts payable | 17/49 | €184,799 | €218,686 | +€33,888 | +18.3% |
| Amounts payable after more than one year | 17 | €41,402 | €13,509 | -€27,893 | -67.4% |
| Financial debts | 170/4 | - | €13,509 | +€13,509 | |
| Amounts payable within one year | 42/48 | €143,396 | €205,177 | +€61,780 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | - | €28,677 | +€28,677 | |
| Financial debts | 43 | - | €29,905 | +€29,905 | |
| Credit institutions | 430/8 | - | €29,905 | +€29,905 | |
| Trade debts | 44 | €66,410 | €143,353 | +€76,943 | +116% |
| Suppliers | 440/4 | - | €143,353 | +€143,353 | |
| Taxes, remuneration and social security | 45 | - | €3,242 | +€3,242 | |
| Remuneration and social security | 454/9 | - | €3,242 | +€3,242 | |
| Remuneration, social security and pensions | 62 | - | €19,505 | +€19,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,819 | €65,249 | +€19,430 | +42.4% |
| Other operating charges | 640/8 | - | €2,861 | +€2,861 | |
| Gross operating margin | 9900 | €178,325 | €46,093 | -€132,233 | -74.2% |
| Operating profit (loss) | 9901 | €89,856 | -€41,523 | -€131,379 | |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | - | €6,346 | +€6,346 | |
| Recurring financial charges | 65 | €5,202 | €6,346 | +€1,143 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €84,654 | -€47,843 | -€132,497 | |
| Income taxes | 67/77 | €20,327 | €75,000 | +€54,673 | +269% |
| Profit (loss) for the period | 9904 | €64,327 | -€122,843 | -€187,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,327 | -€122,843 | -€187,170 |
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.