GEDHARCUS: 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.
GEDHARCUS
Largest movements
- Cash +€34,985
up €34,985 (+318.3%), from €10,992 to €45,977
mainly Net result for the year (+€30,301) and Tax, wage and social debts (+€18,671)
- Current investments +€7,501
up €7,501 (+599.6%), from €1,251 to €8,752
- Tangible fixed assets -€6,459
down €6,459 (-29.1%), from €22,210 to €15,751
of which Furniture and vehicles: -€7,403
- Receivables within one year +€4,276
up €4,276 (+47.0%), from €9,095 to €13,372
of which Trade receivables: +€4,156
- Profit (loss) carried forward +€22,001
up €22,001 (+211.7%), from €10,393 to €32,394
- Tax, wage and social debts +€18,671
up €18,671 (+256.0%), from €7,293 to €25,964
of which Taxes: +€11,171
- Other debts -€2,472
no longer reported in 2022 (was €2,472)
- Accrued charges and deferred income +€2,210
new in 2022: €2,210
- Gross operating margin +€22,309
up €22,309 (+91.5%), from €24,371 to €46,680
- Taxes +€3,239
up €3,239 (+69.2%), from €4,679 to €7,918
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.
Cash bridge derived
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 | €44,571 | €84,662 | +€40,091 | +89.9% |
| Fixed assets | 21/28 | €22,235 | €15,776 | -€6,459 | -29.1% |
| Tangible fixed assets | 22/27 | €22,210 | €15,751 | -€6,459 | -29.1% |
| Plant, machinery and equipment | 23 | - | €944 | +€944 | |
| Furniture and vehicles | 24 | €22,210 | €14,807 | -€7,403 | -33.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €22,335 | €68,886 | +€46,551 | +208.4% |
| Amounts receivable within one year | 40/41 | €9,095 | €13,372 | +€4,276 | +47.0% |
| Trade receivables | 40 | €9,095 | €13,252 | +€4,156 | +45.7% |
| Other amounts receivable | 41 | - | €120 | +€120 | |
| Current investments | 50/53 | €1,251 | €8,752 | +€7,501 | +599.6% |
| Cash at bank and in hand | 54/58 | €10,992 | €45,977 | +€34,985 | +318.3% |
| Deferred charges and accrued income | 490/1 | €997 | €786 | -€212 | -21.2% |
| Total equity and liabilities | 10/49 | €44,571 | €84,662 | +€40,091 | +89.9% |
| Equity | 10/15 | €33,793 | €55,794 | +€22,001 | +65.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,800 | €4,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €550 | €550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €550 | €550 | = | 0.0% |
| Distributable reserves | 133 | €4,250 | €4,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,393 | €32,394 | +€22,001 | +211.7% |
| Amounts payable | 17/49 | €10,778 | €28,867 | +€18,090 | +167.8% |
| Amounts payable within one year | 42/48 | €10,778 | €26,657 | +€15,879 | +147.3% |
| Trade debts | 44 | €1,013 | €693 | -€320 | -31.6% |
| Suppliers | 440/4 | €1,013 | €693 | -€320 | -31.6% |
| Taxes, remuneration and social security | 45 | €7,293 | €25,964 | +€18,671 | +256.0% |
| Taxes | 450/3 | €6,492 | €17,663 | +€11,171 | +172.1% |
| Remuneration and social security | 454/9 | €801 | €8,301 | +€7,500 | +936.3% |
| Other amounts payable | 47/48 | €2,472 | - | -€2,472 | |
| Accrued charges and deferred income | 492/3 | - | €2,210 | +€2,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,725 | €7,517 | -€208 | -2.7% |
| Other operating charges | 640/8 | €1,337 | €1,047 | -€290 | -21.7% |
| Gross operating margin | 9900 | €24,371 | €46,680 | +€22,309 | +91.5% |
| Operating profit (loss) | 9901 | €15,309 | €38,115 | +€22,806 | +149.0% |
| Financial income | 75/76B | €3 | €150 | +€148 | +5490.3% |
| Recurring financial income | 75 | €3 | €150 | +€148 | +5490.3% |
| Financial charges | 65/66B | €164 | €46 | -€118 | -71.9% |
| Recurring financial charges | 65 | €164 | €46 | -€118 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €15,147 | €38,219 | +€23,072 | +152.3% |
| Income taxes | 67/77 | €4,679 | €7,918 | +€3,239 | +69.2% |
| Profit (loss) for the period | 9904 | €10,468 | €30,301 | +€19,833 | +189.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,468 | €30,301 | +€19,833 | +189.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2021 and 30 September 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.