ALAERTS GERDA: 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.
ALAERTS GERDA
Largest movements
- Receivables within one year +€62,570
up €62,570 (+9,684%), from €646 to €63,217
of which Other amounts receivable: +€59,031
- Cash -€59,123
down €59,123 (-88.9%), from €66,476 to €7,353
mainly Receivables within one year (-€62,570) and Smaller working-capital items (-€43)
- Profit (loss) carried forward +€2,146
up €2,146 (+5.2%), from -€41,151 to -€39,005
- Tax, wage and social debts +€1,344
up €1,344 (+67.9%), from €1,980 to €3,324
- Gross operating margin -€1,454
down €1,454 (-28.0%), from €5,193 to €3,739
- Taxes -€218
down €218 (-14.3%), from €1,528 to €1,310
- Other operating charges -€177
no longer reported in 2025 (was €177)
- Financial charges +€69
up €69 (+32.4%), from €214 to €283
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,555 | €71,031 | +€3,476 | +5.1% |
| Current assets | 29/58 | €67,555 | €71,031 | +€3,476 | +5.1% |
| Amounts receivable within one year | 40/41 | €646 | €63,217 | +€62,570 | +9,684% |
| Trade receivables | 40 | - | €3,539 | +€3,539 | |
| Other amounts receivable | 41 | €646 | €59,677 | +€59,031 | +9,137% |
| Cash at bank and in hand | 54/58 | €66,476 | €7,353 | -€59,123 | -88.9% |
| Deferred charges and accrued income | 490/1 | €433 | €462 | +€29 | +6.6% |
| Total equity and liabilities | 10/49 | €67,555 | €71,031 | +€3,476 | +5.1% |
| Equity | 10/15 | €9,057 | €11,203 | +€2,146 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,607 | €31,607 | = | 0.0% |
| Distributable reserves | 133 | €31,607 | €31,607 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,151 | -€39,005 | +€2,146 | +5.2% |
| Amounts payable | 17/49 | €58,499 | €59,829 | +€1,330 | +2.3% |
| Amounts payable within one year | 42/48 | €58,499 | €59,829 | +€1,330 | +2.3% |
| Trade debts | 44 | €56,519 | €56,505 | -€15 | 0.0% |
| Suppliers | 440/4 | €56,519 | €56,505 | -€15 | 0.0% |
| Taxes, remuneration and social security | 45 | €1,980 | €3,324 | +€1,344 | +67.9% |
| Taxes | 450/3 | €1,980 | €3,324 | +€1,344 | +67.9% |
| Other operating charges | 640/8 | €177 | - | -€177 | |
| Gross operating margin | 9900 | €5,193 | €3,739 | -€1,454 | -28.0% |
| Operating profit (loss) | 9901 | €5,017 | €3,739 | -€1,278 | -25.5% |
| Financial charges | 65/66B | €214 | €283 | +€69 | +32.4% |
| Recurring financial charges | 65 | €214 | €283 | +€69 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €4,803 | €3,456 | -€1,347 | -28.0% |
| Income taxes | 67/77 | €1,528 | €1,310 | -€218 | -14.3% |
| Profit (loss) for the period | 9904 | €3,274 | €2,146 | -€1,128 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,274 | €2,146 | -€1,128 | -34.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.