CES GEORGIS: 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.
CES GEORGIS
Largest movements
- Receivables within one year -€522,359
down €522,359 (-90.0%), from €580,278 to €57,918
- Stocks and contracts -€98,875
down €98,875 (-81.1%), from €121,846 to €22,971
- Trade debts -€552,249
no longer reported in 2022 (was €552,249)
- Other debts -€74,082
no longer reported in 2022 (was €74,082)
- Gross operating margin -€3,484
down €3,484 (-86.9%), from €4,011 to €527
- Other operating charges -€459
down €459 (-92.5%), from €496 to €37
From the 2021 result to the 2022 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
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €708,015 | €85,057 | -€622,957 | -88.0% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €707,915 | €84,957 | -€622,957 | -88.0% |
| Stocks and contracts in progress | 3 | €121,846 | €22,971 | -€98,875 | -81.1% |
| Stocks | 30/36 | €121,846 | €22,971 | -€98,875 | -81.1% |
| Amounts receivable within one year | 40/41 | €580,278 | €57,918 | -€522,359 | -90.0% |
| Trade receivables | 40 | €580,278 | €57,918 | -€522,359 | -90.0% |
| Cash at bank and in hand | 54/58 | €5,791 | €4,068 | -€1,723 | -29.8% |
| Total equity and liabilities | 10/49 | €708,015 | €85,057 | -€622,957 | -88.0% |
| Equity | 10/15 | €79,259 | €79,749 | +€489 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,799 | €59,289 | +€489 | +0.8% |
| Amounts payable | 17/49 | €628,755 | €5,308 | -€623,447 | -99.2% |
| Amounts payable within one year | 42/48 | €628,755 | €5,308 | -€623,447 | -99.2% |
| Trade debts | 44 | €552,249 | - | -€552,249 | |
| Suppliers | 440/4 | €552,249 | - | -€552,249 | |
| Taxes, remuneration and social security | 45 | €2,425 | €5,308 | +€2,884 | +119% |
| Taxes | 450/3 | €2,425 | €5,308 | +€2,884 | +119% |
| Other amounts payable | 47/48 | €74,082 | - | -€74,082 | |
| Other operating charges | 640/8 | €496 | €37 | -€459 | -92.5% |
| Gross operating margin | 9900 | €4,011 | €527 | -€3,484 | -86.9% |
| Operating profit (loss) | 9901 | €3,515 | €489 | -€3,025 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €3,515 | €489 | -€3,025 | -86.1% |
| Profit (loss) for the period | 9904 | €3,515 | €489 | -€3,025 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,515 | €489 | -€3,025 | -86.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.