Revenue: the meaning
Everything the company sold in a year, excluding VAT.
Revenue is the starting point of the income statement. Two companies with the same revenue can perform very differently: a wholesaler turns over a lot with a thin margin, a consultancy little with a wide margin.
How to read it
Says something about size, not profit. Small companies do not have to publish revenue, which is why Nummo focuses on gross margin.
On Nummo you find this figure in the Figures tab of every company that filed annual accounts, over the years. In the tables, a small card gives this explanation in short.
How to calculate it
item 70
The item numbers follow the official format of Belgian annual accounts, which builds on the European Accounting Directive.
More: Calculate gross margin: formula and example →
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