GEORGIEVA: 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.
GEORGIEVA
Largest movements
- Cash +€1,265
new in 2023: €1,265
mainly Net result for the year (+€1,265)
- Profit (loss) carried forward +€1,265
up €1,265 (+78.9%), from €1,604 to €2,869
- Gross operating margin -€740
down €740 (-36.9%), from €2,005 to €1,265
- Taxes -€401
no longer reported in 2023 (was €401)
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.
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.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,005 | €4,270 | +€1,265 | +42.1% |
| Current assets | 29/58 | €3,005 | €4,270 | +€1,265 | +42.1% |
| Amounts receivable within one year | 40/41 | €3,005 | €3,005 | = | 0.0% |
| Other amounts receivable | 41 | €3,005 | €3,005 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €1,265 | +€1,265 | |
| Total equity and liabilities | 10/49 | €3,005 | €4,270 | +€1,265 | +42.1% |
| Equity | 10/15 | €2,604 | €3,869 | +€1,265 | +48.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,604 | €2,869 | +€1,265 | +78.9% |
| Amounts payable | 17/49 | €401 | €401 | = | 0.0% |
| Amounts payable within one year | 42/48 | €401 | €401 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €401 | €401 | = | 0.0% |
| Taxes | 450/3 | €401 | €401 | = | 0.0% |
| Gross operating margin | 9900 | €2,005 | €1,265 | -€740 | -36.9% |
| Operating profit (loss) | 9901 | €2,005 | €1,265 | -€740 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €2,005 | €1,265 | -€740 | -36.9% |
| Income taxes | 67/77 | €401 | - | -€401 | |
| Profit (loss) for the period | 9904 | €1,604 | €1,265 | -€339 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,604 | €1,265 | -€339 | -21.1% |
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 13 October 2026 via checked.be.