GISMAR: 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.
GISMAR
Largest movements
- Receivables within one year -€20,517
no longer reported in 2022 (was €20,517)
- Cash -€3,468
down €3,468 (-54.1%), from €6,417 to €2,948
mainly Net result for the year (-€26,699) and Investment in fixed assets (net) (-€13,713)
- Tangible fixed assets +€3,436
up €3,436 (+26.4%), from €13,000 to €16,437
of which Furniture and vehicles: +€9,442
- Profit (loss) carried forward -€26,699
down €26,699 (-110.8%), from -€24,097 to -€50,796
- Other debts +€16,585
up €16,585 (+53.3%), from €31,128 to €47,713
- Trade debts -€8,372
down €8,372 (-44.0%), from €19,025 to €10,653
- Tax, wage and social debts -€3,068
down €3,068 (-54.4%), from €5,641 to €2,573
of which Remuneration and social security: -€1,967
- Accrued charges and deferred income +€1,198
new in 2022: €1,198
- Gross operating margin -€15,936
down €15,936, from €7,825 to -€8,111
- Staff costs -€3,888
down €3,888 (-35.0%), from €11,115 to €7,228
- Depreciation +€3,574
up €3,574 (+53.3%), from €6,703 to €10,277
- Other operating charges -€276
down €276 (-35.7%), from €773 to €497
- Taxes +€132
new in 2022: €132
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 | €50,296 | €29,940 | -€20,356 | -40.5% |
| Fixed assets | 21/28 | €19,600 | €23,037 | +€3,436 | +17.5% |
| Tangible fixed assets | 22/27 | €13,000 | €16,437 | +€3,436 | +26.4% |
| Plant, machinery and equipment | 23 | €9,382 | €4,691 | -€4,691 | -50.0% |
| Furniture and vehicles | 24 | €988 | €10,431 | +€9,442 | +955.5% |
| Other tangible fixed assets | 26 | €2,630 | €1,315 | -€1,315 | -50.0% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €30,696 | €6,903 | -€23,792 | -77.5% |
| Stocks and contracts in progress | 3 | €3,306 | €3,059 | -€247 | -7.5% |
| Stocks | 30/36 | €3,306 | €3,059 | -€247 | -7.5% |
| Amounts receivable within one year | 40/41 | €20,517 | - | -€20,517 | |
| Trade receivables | 40 | €20,517 | - | -€20,517 | |
| Cash at bank and in hand | 54/58 | €6,417 | €2,948 | -€3,468 | -54.1% |
| Deferred charges and accrued income | 490/1 | €456 | €896 | +€441 | +96.8% |
| Total equity and liabilities | 10/49 | €50,296 | €29,940 | -€20,356 | -40.5% |
| Equity | 10/15 | -€5,497 | -€32,196 | -€26,699 | -485.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,097 | -€50,796 | -€26,699 | -110.8% |
| Amounts payable | 17/49 | €55,793 | €62,136 | +€6,343 | +11.4% |
| Amounts payable within one year | 42/48 | €55,793 | €60,938 | +€5,145 | +9.2% |
| Trade debts | 44 | €19,025 | €10,653 | -€8,372 | -44.0% |
| Suppliers | 440/4 | €19,025 | €10,653 | -€8,372 | -44.0% |
| Taxes, remuneration and social security | 45 | €5,641 | €2,573 | -€3,068 | -54.4% |
| Taxes | 450/3 | €3,674 | €2,573 | -€1,101 | -30.0% |
| Remuneration and social security | 454/9 | €1,967 | - | -€1,967 | |
| Other amounts payable | 47/48 | €31,128 | €47,713 | +€16,585 | +53.3% |
| Accrued charges and deferred income | 492/3 | - | €1,198 | +€1,198 | |
| Remuneration, social security and pensions | 62 | €11,115 | €7,228 | -€3,888 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,703 | €10,277 | +€3,574 | +53.3% |
| Other operating charges | 640/8 | €773 | €497 | -€276 | -35.7% |
| Gross operating margin | 9900 | €7,825 | -€8,111 | -€15,936 | |
| Operating profit (loss) | 9901 | -€10,766 | -€26,113 | -€15,347 | -142.5% |
| Financial income | 75/76B | €12 | €4 | -€7 | -63.0% |
| Recurring financial income | 75 | €12 | €4 | -€7 | -63.0% |
| Financial charges | 65/66B | €377 | €459 | +€82 | +21.7% |
| Recurring financial charges | 65 | €377 | €459 | +€82 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,131 | -€26,567 | -€15,436 | -138.7% |
| Income taxes | 67/77 | - | €132 | +€132 | |
| Profit (loss) for the period | 9904 | -€11,131 | -€26,699 | -€15,567 | -139.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,131 | -€26,699 | -€15,567 | -139.9% |
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 4 October 2026 via checked.be.