ZWENK: 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.
ZWENK
Largest movements
- Tangible fixed assets +€73,698
up €73,698 (+233%), from €31,585 to €105,284
of which Land and buildings: +€105,061
- Current assets -€15,845
down €15,845 (-88.9%), from €17,818 to €1,973
of which Cash: -€13,762
- Debts +€62,204
up €62,204 (+54.5%), from €114,196 to €176,400
of which Debts within one year: +€67,639
- Equity -€4,351
down €4,351 (-6.7%), from -€64,644 to -€68,995
of which Profit (loss) carried forward: -€4,351
- Gross operating margin -€8,228
down €8,228 (-96.2%), from €8,555 to €327
- Depreciation +€1,240
up €1,240 (+43.0%), from €2,886 to €4,125
- Other operating charges +€468
new in 2021: €468
- Financial charges +€86
new in 2021: €86
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 | €49,552 | €107,406 | +€57,853 | +117% |
| Fixed assets | 21/28 | €31,734 | €105,432 | +€73,698 | +232% |
| Tangible fixed assets | 22/27 | €31,585 | €105,284 | +€73,698 | +233% |
| Land and buildings | 22 | - | €105,061 | +€105,061 | |
| Furniture and vehicles | 24 | - | €223 | +€223 | |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €17,818 | €1,973 | -€15,845 | -88.9% |
| Amounts receivable within one year | 40/41 | €2,922 | €827 | -€2,096 | -71.7% |
| Trade receivables | 40 | - | €51 | +€51 | |
| Other amounts receivable | 41 | - | €776 | +€776 | |
| Cash at bank and in hand | 54/58 | €14,538 | €776 | -€13,762 | -94.7% |
| Deferred charges and accrued income | 490/1 | - | €371 | +€371 | |
| Total equity and liabilities | 10/49 | €49,552 | €107,406 | +€57,853 | +117% |
| Equity | 10/15 | -€64,644 | -€68,995 | -€4,351 | -6.7% |
| Contributions | 10/11 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €444 | €444 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €444 | +€444 | |
| Reserves not available under the articles | 1311 | - | €444 | +€444 | |
| Profit (loss) carried forward | 14 | -€83,680 | -€88,031 | -€4,351 | -5.2% |
| Amounts payable | 17/49 | €114,196 | €176,400 | +€62,204 | +54.5% |
| Amounts payable within one year | 42/48 | €108,396 | €176,035 | +€67,639 | +62.4% |
| Trade debts | 44 | €3,896 | €12,023 | +€8,126 | +209% |
| Suppliers | 440/4 | - | €12,023 | +€12,023 | |
| Other amounts payable | 47/48 | - | €164,012 | +€164,012 | |
| Accrued charges and deferred income | 492/3 | - | €365 | +€365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,886 | €4,125 | +€1,240 | +43.0% |
| Other operating charges | 640/8 | - | €468 | +€468 | |
| Gross operating margin | 9900 | €8,555 | €327 | -€8,228 | -96.2% |
| Operating profit (loss) | 9901 | €4,792 | -€4,266 | -€9,058 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | €2 | €1 | -€2 | -63.0% |
| Financial charges | 65/66B | - | €86 | +€86 | |
| Recurring financial charges | 65 | €126 | €86 | -€40 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €4,669 | -€4,351 | -€9,020 | |
| Profit (loss) for the period | 9904 | €4,669 | -€4,351 | -€9,020 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,669 | -€4,351 | -€9,020 |
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 23 October 2026 via checked.be.