GES: 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.
GES
Largest movements
- Deferred charges and accrued income +€22,511
up €22,511 (+1027.3%), from €2,191 to €24,703
- Receivables within one year -€14,544
down €14,544 (-2.4%), from €607,874 to €593,330
of which Trade receivables: -€17,902
- Trade debts -€123,150
down €123,150 (-91.2%), from €135,084 to €11,935
- Reserves +€108,714
up €108,714 (+39.2%), from €277,380 to €386,094
of which Distributable reserves: +€110,574
- Tax, wage and social debts +€69,724
up €69,724 (+266.0%), from €26,212 to €95,936
of which Taxes: +€69,724
- Other debts -€20,285
down €20,285 (-8.8%), from €231,309 to €211,024
- Debts after one year -€13,061
down €13,061 (-9.1%), from €143,224 to €130,163
- Gross operating margin +€170,586
up €170,586 (+163.2%), from €104,514 to €275,100
- Taxes +€62,867
up €62,867 (+247.8%), from €25,367 to €88,234
- Financial income +€8,409
up €8,409 (+63.1%), from €13,324 to €21,733
- Depreciation -€5,933
down €5,933 (-48.3%), from €12,294 to €6,361
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 | €846,586 | €866,501 | +€19,915 | +2.4% |
| Fixed assets | 21/28 | €231,754 | €240,012 | +€8,258 | +3.6% |
| Tangible fixed assets | 22/27 | €166,381 | €174,639 | +€8,258 | +5.0% |
| Land and buildings | 22 | €163,279 | €159,890 | -€3,389 | -2.1% |
| Plant, machinery and equipment | 23 | €570 | €394 | -€176 | -30.8% |
| Furniture and vehicles | 24 | €2,532 | €14,354 | +€11,822 | +466.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €65,373 | €65,373 | = | 0.0% |
| Current assets | 29/58 | €614,832 | €626,489 | +€11,657 | +1.9% |
| Amounts receivable within one year | 40/41 | €607,874 | €593,330 | -€14,544 | -2.4% |
| Trade receivables | 40 | €17,902 | €0 | -€17,902 | -100.0% |
| Other amounts receivable | 41 | €589,972 | €593,330 | +€3,357 | +0.6% |
| Cash at bank and in hand | 54/58 | €4,767 | €8,457 | +€3,690 | +77.4% |
| Deferred charges and accrued income | 490/1 | €2,191 | €24,703 | +€22,511 | +1027.3% |
| Total equity and liabilities | 10/49 | €846,586 | €866,501 | +€19,915 | +2.4% |
| Equity | 10/15 | €288,918 | €397,632 | +€108,714 | +37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €277,380 | €386,094 | +€108,714 | +39.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €275,520 | €386,094 | +€110,574 | +40.1% |
| Profit (loss) carried forward | 14 | €5,338 | €5,338 | = | 0.0% |
| Amounts payable | 17/49 | €557,668 | €468,869 | -€88,799 | -15.9% |
| Amounts payable after more than one year | 17 | €143,224 | €130,163 | -€13,061 | -9.1% |
| Financial debts | 170/4 | €143,224 | €130,163 | -€13,061 | -9.1% |
| Amounts payable within one year | 42/48 | €405,431 | €331,955 | -€73,476 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €12,825 | €13,061 | +€235 | +1.8% |
| Trade debts | 44 | €135,084 | €11,935 | -€123,150 | -91.2% |
| Suppliers | 440/4 | €135,084 | €11,935 | -€123,150 | -91.2% |
| Taxes, remuneration and social security | 45 | €26,212 | €95,936 | +€69,724 | +266.0% |
| Taxes | 450/3 | €24,212 | €93,936 | +€69,724 | +288.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €231,309 | €211,024 | -€20,285 | -8.8% |
| Accrued charges and deferred income | 492/3 | €9,013 | €6,750 | -€2,262 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,294 | €6,361 | -€5,933 | -48.3% |
| Other operating charges | 640/8 | €5,334 | €2,703 | -€2,631 | -49.3% |
| Gross operating margin | 9900 | €104,514 | €275,100 | +€170,586 | +163.2% |
| Operating profit (loss) | 9901 | €86,886 | €266,035 | +€179,150 | +206.2% |
| Financial income | 75/76B | €13,324 | €21,733 | +€8,409 | +63.1% |
| Recurring financial income | 75 | €13,324 | €21,733 | +€8,409 | +63.1% |
| Financial charges | 65/66B | €11,727 | €9,040 | -€2,687 | -22.9% |
| Recurring financial charges | 65 | €11,727 | €9,040 | -€2,687 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €88,482 | €278,728 | +€190,246 | +215.0% |
| Income taxes | 67/77 | €25,367 | €88,234 | +€62,867 | +247.8% |
| Profit (loss) for the period | 9904 | €63,115 | €190,494 | +€127,379 | +201.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,115 | €190,494 | +€127,379 | +201.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.