Geisswhat: 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.
Geisswhat
Largest movements
- Current assets +€271,071
up €271,071 (+73.2%), from €370,194 to €641,264
of which Stocks and contracts: +€272,753
- Tangible fixed assets -€38,562
down €38,562 (-8.7%), from €442,195 to €403,633
- Debts within one year +€239,220
up €239,220 (+123%), from €194,787 to €434,007
of which Other debts: +€162,828
- Equity -€25,169
down €25,169 (-8.5%), from €295,679 to €270,510
of which Profit (loss) carried forward: -€25,169
- Debts after one year +€18,500
up €18,500 (+5.5%), from €335,733 to €354,233
- Gross operating margin -€97,655
down €97,655 (-48.5%), from €201,488 to €103,833
- Staff costs +€38,213
new in 2021: €38,213
- Financial charges +€12,501
new in 2021: €12,501
- Depreciation +€4,448
up €4,448 (+6.3%), from €70,908 to €75,357
- Taxes -€4,400
no longer reported in 2021 (was €4,400)
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.
Derived cash bridge
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 | €826,199 | €1,058,750 | +€232,551 | +28.1% |
| Formation expenses | 20 | €3,140 | €1,867 | -€1,274 | -40.6% |
| Fixed assets | 21/28 | €452,865 | €415,619 | -€37,246 | -8.2% |
| Intangible fixed assets | 21 | €10,670 | €11,986 | +€1,316 | +12.3% |
| Tangible fixed assets | 22/27 | €442,195 | €403,633 | -€38,562 | -8.7% |
| Plant, machinery and equipment | 23 | - | €142,836 | +€142,836 | |
| Furniture and vehicles | 24 | - | €37,683 | +€37,683 | |
| Other tangible fixed assets | 26 | - | €223,114 | +€223,114 | |
| Current assets | 29/58 | €370,194 | €641,264 | +€271,071 | +73.2% |
| Stocks and contracts in progress | 3 | €354,150 | €626,903 | +€272,753 | +77.0% |
| Stocks | 30/36 | - | €626,903 | +€626,903 | |
| Amounts receivable within one year | 40/41 | €4,087 | €14,361 | +€10,275 | +251% |
| Other amounts receivable | 41 | - | €14,361 | +€14,361 | |
| Cash at bank and in hand | 54/58 | €9,065 | - | -€9,065 | |
| Total equity and liabilities | 10/49 | €826,199 | €1,058,750 | +€232,551 | +28.1% |
| Equity | 10/15 | €295,679 | €270,510 | -€25,169 | -8.5% |
| Contributions | 10/11 | - | €250,000 | +€250,000 | |
| Profit (loss) carried forward | 14 | €45,679 | €20,510 | -€25,169 | -55.1% |
| Amounts payable | 17/49 | €530,520 | €788,240 | +€257,720 | +48.6% |
| Amounts payable after more than one year | 17 | €335,733 | €354,233 | +€18,500 | +5.5% |
| Financial debts | 170/4 | - | €354,233 | +€354,233 | |
| Amounts payable within one year | 42/48 | €194,787 | €434,007 | +€239,220 | +123% |
| Current portion of amounts payable after more than one year | 42 | - | €89,754 | +€89,754 | |
| Financial debts | 43 | - | €16,316 | +€16,316 | |
| Credit institutions | 430/8 | - | €16,316 | +€16,316 | |
| Trade debts | 44 | €6,175 | €154,086 | +€147,911 | +2,395% |
| Suppliers | 440/4 | - | €154,086 | +€154,086 | |
| Taxes, remuneration and social security | 45 | - | €11,024 | +€11,024 | |
| Taxes | 450/3 | - | €4,400 | +€4,400 | |
| Remuneration and social security | 454/9 | - | €6,623 | +€6,623 | |
| Other amounts payable | 47/48 | - | €162,828 | +€162,828 | |
| Remuneration, social security and pensions | 62 | - | €38,213 | +€38,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,908 | €75,357 | +€4,448 | +6.3% |
| Other operating charges | 640/8 | - | €2,931 | +€2,931 | |
| Gross operating margin | 9900 | €201,488 | €103,833 | -€97,655 | -48.5% |
| Operating profit (loss) | 9901 | €73,761 | -€12,668 | -€86,429 | |
| Financial charges | 65/66B | - | €12,501 | +€12,501 | |
| Recurring financial charges | 65 | €15,223 | €12,501 | -€2,722 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €58,538 | -€25,169 | -€83,707 | |
| Income taxes | 67/77 | €4,400 | - | -€4,400 | |
| Profit (loss) for the period | 9904 | €54,138 | -€25,169 | -€79,307 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,138 | -€25,169 | -€79,307 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.