G.E.R.D.: what changed
Two fiscal 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.
G.E.R.D.
Largest movements
- Tangible fixed assets -€4,721
down €4,721 (-40.9%), from €11,532 to €6,811
- Current assets +€2,234
up €2,234 (+456.4%), from €490 to €2,724
of which Receivables within one year: +€1,183
- Equity -€30,961
down €30,961 (-182.1%), from -€16,998 to -€47,958
of which Profit (loss) carried forward: -€30,961
- Debts within one year +€28,474
up €28,474 (+98.1%), from €29,019 to €57,493
of which Other debts: +€56,373
- Gross operating margin -€20,962
down €20,962 (-493.0%), from -€4,252 to -€25,213
- Other operating charges +€858
new in 2021: €858
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.
Cash bridge derived
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 | €12,021 | €9,535 | -€2,487 | -20.7% |
| Fixed assets | 21/28 | €11,532 | €6,811 | -€4,721 | -40.9% |
| Tangible fixed assets | 22/27 | €11,532 | €6,811 | -€4,721 | -40.9% |
| Plant, machinery and equipment | 23 | - | €231 | +€231 | |
| Furniture and vehicles | 24 | - | €6,580 | +€6,580 | |
| Current assets | 29/58 | €490 | €2,724 | +€2,234 | +456.4% |
| Amounts receivable after more than one year | 29 | - | €3 | +€3 | |
| Other amounts receivable | 291 | - | €3 | +€3 | |
| Amounts receivable within one year | 40/41 | - | €1,183 | +€1,183 | |
| Other amounts receivable | 41 | - | €1,183 | +€1,183 | |
| Cash at bank and in hand | 54/58 | €300 | €1,444 | +€1,144 | +381.2% |
| Deferred charges and accrued income | 490/1 | - | €94 | +€94 | |
| Total equity and liabilities | 10/49 | €12,021 | €9,535 | -€2,487 | -20.7% |
| Equity | 10/15 | -€16,998 | -€47,958 | -€30,961 | -182.1% |
| Contributions | 10/11 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | -€41,998 | -€72,958 | -€30,961 | -73.7% |
| Amounts payable | 17/49 | €29,019 | €57,493 | +€28,474 | +98.1% |
| Amounts payable within one year | 42/48 | €29,019 | €57,493 | +€28,474 | +98.1% |
| Trade debts | 44 | €756 | €1,120 | +€364 | +48.2% |
| Suppliers | 440/4 | - | €1,120 | +€1,120 | |
| Other amounts payable | 47/48 | - | €56,373 | +€56,373 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,720 | €4,721 | +€1 | 0.0% |
| Other operating charges | 640/8 | - | €858 | +€858 | |
| Gross operating margin | 9900 | -€4,252 | -€25,213 | -€20,962 | -493.0% |
| Operating profit (loss) | 9901 | -€9,573 | -€30,792 | -€21,219 | -221.6% |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €169 | +€169 | |
| Recurring financial charges | 65 | €222 | €169 | -€53 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,795 | -€30,961 | -€21,166 | -216.1% |
| Profit (loss) for the period | 9904 | -€9,795 | -€30,961 | -€21,166 | -216.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,795 | -€30,961 | -€21,166 | -216.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.