GERSYCO: 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.
GERSYCO
Largest movements
- Current assets +€288,228
up €288,228 (+39.7%), from €725,775 to €1.0m
of which Cash: +€465,124
- Equity +€270,346
up €270,346 (+20.5%), from €1.3m to €1.6m
of which Reserves: +€270,346
- Gross operating margin +€81,535
up €81,535 (+24.6%), from €331,068 to €412,603
- Taxes +€26,628
up €26,628 (+23.4%), from €113,918 to €140,546
From the 2019 result to the 2020 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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,362,547 | €1,644,383 | +€281,836 | +20.7% |
| Fixed assets | 21/28 | €636,772 | €630,379 | -€6,393 | -1.0% |
| Tangible fixed assets | 22/27 | €19,178 | €12,785 | -€6,393 | -33.3% |
| Financial fixed assets | 28 | €617,594 | €617,594 | = | 0.0% |
| Current assets | 29/58 | €725,775 | €1,014,003 | +€288,228 | +39.7% |
| Amounts receivable within one year | 40/41 | €242,582 | €65,772 | -€176,810 | -72.9% |
| Cash at bank and in hand | 54/58 | €28,332 | €493,456 | +€465,124 | +1,642% |
| Total equity and liabilities | 10/49 | €1,362,547 | €1,644,383 | +€281,836 | +20.7% |
| Equity | 10/15 | €1,317,025 | €1,587,371 | +€270,346 | +20.5% |
| Contributions | 10/11 | €75,000 | - | -€75,000 | |
| Reserves | 13 | €1,242,025 | €1,512,371 | +€270,346 | +21.8% |
| Amounts payable | 17/49 | €45,522 | €57,011 | +€11,490 | +25.2% |
| Amounts payable within one year | 42/48 | €45,148 | €56,798 | +€11,650 | +25.8% |
| Trade debts | 44 | €2,815 | €4,139 | +€1,324 | +47.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,393 | €6,393 | = | 0.0% |
| Gross operating margin | 9900 | €331,068 | €412,603 | +€81,535 | +24.6% |
| Operating profit (loss) | 9901 | €323,874 | €404,562 | +€80,688 | +24.9% |
| Recurring financial income | 75 | €11,959 | €6,755 | -€5,204 | -43.5% |
| Recurring financial charges | 65 | €847 | €425 | -€422 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €334,986 | €410,892 | +€75,906 | +22.7% |
| Income taxes | 67/77 | €113,918 | €140,546 | +€26,628 | +23.4% |
| Profit (loss) for the period | 9904 | €221,068 | €270,346 | +€49,278 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €221,068 | €270,346 | +€49,278 | +22.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2019 and 30 June 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.