GAFTARNIK Michel: what changed
What changed
GAFTARNIK Michel
filed annual accounts (NBB)
Net result for the year
-€18,820
2021 · €27,944-€46,764
Equity
€80,411
2021 · €99,230-€18,820
Cash
-
not filed
Balance sheet total
€98,293
2021 · €132,651-€34,357
Largest movements
Assets
- Receivables within one year -€26,278
down €26,278 (-71.2%), from €36,930 to €10,652
- Deferred charges and accrued income -€6,436
down €6,436 (-75.9%), from €8,476 to €2,040
- Tangible fixed assets -€1,644
no longer reported in 2022 (was €1,644)
Equity and liabilities
- Profit (loss) carried forward -€18,820
new in 2022: -€18,820
- Tax, wage and social debts -€9,095
down €9,095 (-70.4%), from €12,919 to €3,825
- Trade debts -€6,973
down €6,973 (-90.9%), from €7,668 to €695
- Current portion of long-term debt +€2,500
new in 2022: €2,500
- Accrued charges and deferred income -€1,970
down €1,970 (-26.9%), from €7,333 to €5,363
Income statement
- Gross operating margin -€63,655
down €63,655, from €43,622 to -€20,033
- Taxes -€12,701
down €12,701 (-89.0%), from €14,263 to €1,562
- Provisions -€5,500
no longer reported in 2022 (was €5,500)
- Financial income -€1,246
down €1,246 (-22.4%), from €5,562 to €4,316
Change in the result, 2021 to 2022
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2021
€27,944
Gross operating margin
-€63,655
Depreciation
+€0
Provisions
+€5,500
Other operating charges
-€260
Financial income
-€1,246
Financial charges
+€196
Taxes
+€12,701
Result 2022
-€18,820
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,651 | €98,293 | -€34,357 | -25.9% |
| Fixed assets | 21/28 | €1,644 | - | -€1,644 | |
| Tangible fixed assets | 22/27 | €1,644 | - | -€1,644 | |
| Other tangible fixed assets | 26 | €1,644 | - | -€1,644 | |
| Current assets | 29/58 | €131,007 | €98,293 | -€32,714 | -25.0% |
| Amounts receivable after more than one year | 29 | €85,601 | €85,601 | = | 0.0% |
| Other amounts receivable | 291 | €85,601 | €85,601 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,930 | €10,652 | -€26,278 | -71.2% |
| Other amounts receivable | 41 | €36,930 | €10,652 | -€26,278 | -71.2% |
| Deferred charges and accrued income | 490/1 | €8,476 | €2,040 | -€6,436 | -75.9% |
| Total equity and liabilities | 10/49 | €132,651 | €98,293 | -€34,357 | -25.9% |
| Equity | 10/15 | €99,230 | €80,411 | -€18,820 | -19.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €86,830 | €86,830 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,970 | €84,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,820 | -€18,820 | |
| Provisions and deferred taxes | 16 | €5,500 | €5,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,500 | €5,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,500 | €5,500 | = | 0.0% |
| Amounts payable | 17/49 | €27,920 | €12,383 | -€15,538 | -55.7% |
| Amounts payable within one year | 42/48 | €20,587 | €7,019 | -€13,568 | -65.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,500 | +€2,500 | |
| Trade debts | 44 | €7,668 | €695 | -€6,973 | -90.9% |
| Suppliers | 440/4 | €7,668 | €695 | -€6,973 | -90.9% |
| Taxes, remuneration and social security | 45 | €12,919 | €3,825 | -€9,095 | -70.4% |
| Taxes | 450/3 | €12,919 | €3,825 | -€9,095 | -70.4% |
| Accrued charges and deferred income | 492/3 | €7,333 | €5,363 | -€1,970 | -26.9% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | -€0 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,500 | - | -€5,500 | |
| Other operating charges | 640/8 | - | €260 | +€260 | |
| Gross operating margin | 9900 | €43,622 | -€20,033 | -€63,655 | |
| Operating profit (loss) | 9901 | €38,121 | -€20,293 | -€58,415 | |
| Financial income | 75/76B | €5,562 | €4,316 | -€1,246 | -22.4% |
| Recurring financial income | 75 | €5,562 | €4,316 | -€1,246 | -22.4% |
| Financial charges | 65/66B | €1,476 | €1,281 | -€196 | -13.3% |
| Recurring financial charges | 65 | €1,476 | €1,281 | -€196 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €42,207 | -€17,258 | -€59,465 | |
| Income taxes | 67/77 | €14,263 | €1,562 | -€12,701 | -89.0% |
| Profit (loss) for the period | 9904 | €27,944 | -€18,820 | -€46,764 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,944 | -€18,820 | -€46,764 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.