GEHO: 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.
GEHO
Largest movements
- Receivables within one year -€11,939
down €11,939 (-48.4%), from €24,661 to €12,722
of which Other amounts receivable: -€20,692
- Cash +€3,343
up €3,343 (+21.9%), from €15,239 to €18,582
mainly Receivables within one year (+€11,939) and Tax, wage and social debts (+€8,365)
- Profit (loss) carried forward -€11,685
down €11,685 (-1945.8%), from -€601 to -€12,286
- Tax, wage and social debts +€8,365
up €8,365 (+81.1%), from €10,313 to €18,678
of which Remuneration and social security: +€5,989
- Trade debts -€2,537
down €2,537 (-26.6%), from €9,557 to €7,019
- Current portion of long-term debt -€1,739
no longer reported in 2022 (was €1,739)
- Accrued charges and deferred income -€1,000
no longer reported in 2022 (was €1,000)
- Staff costs +€21,101
up €21,101 (+59.9%), from €35,234 to €56,335
- Gross operating margin -€15,454
down €15,454 (-23.8%), from €65,003 to €49,549
- Depreciation -€2,359
no longer reported in 2022 (was €2,359)
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 | €40,600 | €32,004 | -€8,596 | -21.2% |
| Fixed assets | 21/28 | €700 | €700 | = | 0.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €39,900 | €31,304 | -€8,596 | -21.5% |
| Amounts receivable within one year | 40/41 | €24,661 | €12,722 | -€11,939 | -48.4% |
| Trade receivables | 40 | €217 | €8,971 | +€8,754 | +4031.1% |
| Other amounts receivable | 41 | €24,444 | €3,751 | -€20,692 | -84.7% |
| Cash at bank and in hand | 54/58 | €15,239 | €18,582 | +€3,343 | +21.9% |
| Total equity and liabilities | 10/49 | €40,600 | €32,004 | -€8,596 | -21.2% |
| Equity | 10/15 | €17,991 | €6,306 | -€11,685 | -64.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€601 | -€12,286 | -€11,685 | -1945.8% |
| Amounts payable | 17/49 | €22,609 | €25,698 | +€3,089 | +13.7% |
| Amounts payable within one year | 42/48 | €21,609 | €25,698 | +€4,089 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €1,739 | - | -€1,739 | |
| Trade debts | 44 | €9,557 | €7,019 | -€2,537 | -26.6% |
| Suppliers | 440/4 | €9,557 | €7,019 | -€2,537 | -26.6% |
| Taxes, remuneration and social security | 45 | €10,313 | €18,678 | +€8,365 | +81.1% |
| Taxes | 450/3 | €1,722 | €4,098 | +€2,376 | +138.0% |
| Remuneration and social security | 454/9 | €8,591 | €14,580 | +€5,989 | +69.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €35,234 | €56,335 | +€21,101 | +59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,359 | - | -€2,359 | |
| Other operating charges | 640/8 | €2,579 | €2,129 | -€449 | -17.4% |
| Non-recurring operating charges | 66A | €500 | - | -€500 | |
| Gross operating margin | 9900 | €65,003 | €49,549 | -€15,454 | -23.8% |
| Operating profit (loss) | 9901 | €24,331 | -€8,915 | -€33,247 | |
| Financial income | 75/76B | €132 | €0 | -€132 | -100.0% |
| Recurring financial income | 75 | €132 | €0 | -€132 | -100.0% |
| Financial charges | 65/66B | €1,956 | €2,411 | +€455 | +23.2% |
| Recurring financial charges | 65 | €1,956 | €2,411 | +€455 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €22,508 | -€11,326 | -€33,834 | |
| Income taxes | 67/77 | €144 | €359 | +€215 | +149.3% |
| Profit (loss) for the period | 9904 | €22,364 | -€11,685 | -€34,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,364 | -€11,685 | -€34,049 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.