GANES: 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.
What changed
GANES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2023 compared with 2022filed annual accounts (NBB)
Net result for the year
-€29,140
2022 · €10,396-€39,536
Equity
€1.3m
2022 · €1.3m-€29,140
Cash
€187,404
2022 · €220,727-€33,323
Balance sheet total
€4.0m
2022 · €4.0m-€23,764
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€34,010
down €34,010 (-22.8%), from €148,849 to €114,839
- Depreciation +€8,574
up €8,574 (+26.4%), from €32,430 to €41,004
- Taxes -€4,261
down €4,261 (-91.2%), from €4,671 to €410
From the 2022 result to the 2023 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.
Result 2022
€10,396
Gross operating margin
-€34,010
Depreciation
-€8,574
Other operating charges
-€817
Financial income
-€95
Financial charges
-€301
Taxes
+€4,261
Result 2023
-€29,140
raises the resultlowers the result
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€22,447
Investment
-€58,580
Financing
+€2,810
Cash 2022
€220,727
From operations (derived)
+€22,447
Net result for the year
-€29,140
Depreciation
+€41,004
Receivables within one year
+€9,618
Deferred charges and accrued income
-€1,601
Trade debts
+€2,479
Smaller working-capital items
+€88
Investment (derived)
-€58,580
Investment in fixed assets (net)
-€58,580
Current investments
-€0
Financing
+€2,810
Debts after one year
+€2,810
Cash 2023
€187,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,006,621 | €3,982,856 | -€23,764 | -0.6% |
| Fixed assets | 21/28 | €3,764,921 | €3,782,497 | +€17,576 | +0.5% |
| Tangible fixed assets | 22/27 | €365,463 | €383,039 | +€17,576 | +4.8% |
| Land and buildings | 22 | €332,736 | €316,033 | -€16,704 | -5.0% |
| Plant, machinery and equipment | 23 | €32,726 | €23,214 | -€9,512 | -29.1% |
| Furniture and vehicles | 24 | - | €43,792 | +€43,792 | |
| Financial fixed assets | 28 | €3,399,458 | €3,399,458 | = | 0.0% |
| Current assets | 29/58 | €241,700 | €200,359 | -€41,340 | -17.1% |
| Amounts receivable within one year | 40/41 | €18,879 | €9,261 | -€9,618 | -50.9% |
| Other amounts receivable | 41 | €18,879 | €9,261 | -€9,618 | -50.9% |
| Current investments | 50/53 | €435 | €435 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €220,727 | €187,404 | -€33,323 | -15.1% |
| Deferred charges and accrued income | 490/1 | €1,659 | €3,259 | +€1,601 | +96.5% |
| Total equity and liabilities | 10/49 | €4,006,621 | €3,982,856 | -€23,764 | -0.6% |
| Equity | 10/15 | €1,302,047 | €1,272,906 | -€29,140 | -2.2% |
| Contributions | 10/11 | €1,197,000 | €1,197,000 | = | 0.0% |
| Capital | 10 | €1,197,000 | €1,197,000 | = | 0.0% |
| Issued capital | 100 | €1,197,000 | €1,197,000 | = | 0.0% |
| Reserves | 13 | €105,047 | €75,906 | -€29,140 | -27.7% |
| Non-distributable reserves | 130/1 | €9,267 | €9,267 | = | 0.0% |
| Legal reserve | 130 | €9,267 | €9,267 | = | 0.0% |
| Distributable reserves | 133 | €95,780 | €66,639 | -€29,140 | -30.4% |
| Amounts payable | 17/49 | €2,704,574 | €2,709,950 | +€5,376 | +0.2% |
| Amounts payable after more than one year | 17 | €2,669,881 | €2,672,691 | +€2,810 | +0.1% |
| Financial debts | 170/4 | €280,963 | €283,773 | +€2,810 | +1.0% |
| Other amounts payable | 178/9 | €2,388,918 | €2,388,918 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,910 | €17,406 | +€2,497 | +16.7% |
| Trade debts | 44 | €4,385 | €6,864 | +€2,479 | +56.5% |
| Suppliers | 440/4 | €4,385 | €6,864 | +€2,479 | +56.5% |
| Taxes, remuneration and social security | 45 | €10,524 | €10,542 | +€18 | +0.2% |
| Taxes | 450/3 | €10,524 | €10,542 | +€18 | +0.2% |
| Accrued charges and deferred income | 492/3 | €19,783 | €19,853 | +€70 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,430 | €41,004 | +€8,574 | +26.4% |
| Other operating charges | 640/8 | €1,382 | €2,199 | +€817 | +59.1% |
| Gross operating margin | 9900 | €148,849 | €114,839 | -€34,010 | -22.8% |
| Operating profit (loss) | 9901 | €115,037 | €71,636 | -€43,401 | -37.7% |
| Financial income | 75/76B | €259 | €163 | -€95 | -36.8% |
| Recurring financial income | 75 | €259 | €163 | -€95 | -36.8% |
| Financial charges | 65/66B | €100,229 | €100,530 | +€301 | +0.3% |
| Recurring financial charges | 65 | €100,229 | €100,530 | +€301 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €15,066 | -€28,731 | -€43,797 | |
| Income taxes | 67/77 | €4,671 | €410 | -€4,261 | -91.2% |
| Profit (loss) for the period | 9904 | €10,396 | -€29,140 | -€39,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,396 | -€29,140 | -€39,536 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.