ATELIERS HUBERT GERKEN: what changed
What changed
ATELIERS HUBERT GERKEN
NACE 27.110, Manufacture of electrical equipment
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €8.3m-€7.2m
Equity
€15.2m
2024 · €14.0m+€1.1m
Cash
€496,394
2024 · €583,771-€87,376
Balance sheet total
€27.7m
2024 · €28.5m-€776,598
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-7.7%), from €16.3m to €15.1m
of which Other amounts receivable: -€1.2m
- Tangible fixed assets +€684,624
up €684,624 (+32.7%), from €2.1m to €2.8m
of which Plant, machinery and equipment: +€501,479
Equity and liabilities
- Trade debts -€1.8m
down €1.8m (-39.3%), from €4.7m to €2.8m
- Profit (loss) carried forward +€1.1m
up €1.1m (+8.7%), from €12.8m to €13.9m
Income statement
- Financial income -€7.4m
down €7.4m (-95.8%), from €7.7m to €326,973
- Turnover +€1.2m
up €1.2m (+7.3%), from €16.8m to €18.0m
- Goods and materials +€391,101
up €391,101 (+5.4%), from €7.2m to €7.6m
of which Change in stocks: decrease (increase): +€253,136
- Staff costs +€221,298
up €221,298 (+5.3%), from €4.2m to €4.4m
- Services and other goods -€215,229
down €215,229 (-4.8%), from €4.5m to €4.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8.3m
Turnover
+€1.2m
Other operating income
-€38,048
Goods and materials
-€391,101
Services and other goods
+€215,229
Staff costs
-€221,298
Depreciation
-€65,391
Write-downs
+€153,964
Provisions
-€209,585
Other operating charges
+€4,546
Other operating items
-€336,541
Financial income
-€7.4m
Financial charges
+€41,124
Taxes
-€171,788
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.1m
Investment
-€950,196
Financing
-€241,206
Cash 2024
€583,771
From operations (derived)
+€1.1m
Net result for the year
+€1.1m
Depreciation
+€275,871
Stocks and contracts
+€100,437
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€2,881
Provisions
+€8,569
Trade debts
-€1.8m
Tax, wage and social debts
+€211,701
Accrued charges and deferred income
-€23,435
Investment (derived)
-€950,196
Investment in fixed assets (net)
-€950,196
Financing
-€241,206
Debts after one year
-€20,667
Current portion of long-term debt
-€9,148
Short-term financial debts
-€208,535
Contributions, distributions and other
-€2,856
Cash 2025
€496,394
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,469,110 | €27,692,512 | -€776,598 | -2.7% |
| Fixed assets | 21/28 | €7,056,193 | €7,730,518 | +€674,325 | +9.6% |
| Intangible fixed assets | 21 | €3,269 | €772 | -€2,497 | -76.4% |
| Tangible fixed assets | 22/27 | €2,093,791 | €2,778,415 | +€684,624 | +32.7% |
| Land and buildings | 22 | €173,967 | €154,866 | -€19,101 | -11.0% |
| Plant, machinery and equipment | 23 | €1,005,364 | €1,506,843 | +€501,479 | +49.9% |
| Furniture and vehicles | 24 | €65,710 | €101,266 | +€35,556 | +54.1% |
| Leasing and similar rights | 25 | €58,219 | €26,404 | -€31,815 | -54.6% |
| Other tangible fixed assets | 26 | €501,132 | €551,474 | +€50,342 | +10.0% |
| Assets under construction and advance payments | 27 | €289,399 | €437,561 | +€148,162 | +51.2% |
| Financial fixed assets | 28 | €4,959,132 | €4,951,330 | -€7,802 | -0.2% |
| Affiliated companies | 280/1 | €4,752,827 | €4,752,827 | = | 0.0% |
| Participating interests | 280 | €4,752,827 | €4,752,827 | = | 0.0% |
| Other financial fixed assets | 284/8 | €206,305 | €198,503 | -€7,802 | -3.8% |
| Amounts receivable and cash guarantees | 285/8 | €206,305 | €198,503 | -€7,802 | -3.8% |
| Current assets | 29/58 | €21,412,917 | €19,961,994 | -€1.5m | -6.8% |
| Stocks and contracts in progress | 3 | €4,427,136 | €4,326,699 | -€100,437 | -2.3% |
| Stocks | 30/36 | €4,427,136 | €4,326,699 | -€100,437 | -2.3% |
| Raw materials and consumables | 30/31 | €2,966,813 | €2,984,008 | +€17,194 | +0.6% |
| Work in progress | 32 | €483,735 | €410,957 | -€72,778 | -15.0% |
| Finished goods | 33 | €976,588 | €931,734 | -€44,853 | -4.6% |
| Amounts receivable within one year | 40/41 | €16,346,430 | €15,080,439 | -€1.3m | -7.7% |
| Trade receivables | 40 | €2,044,715 | €2,026,771 | -€17,944 | -0.9% |
| Other amounts receivable | 41 | €14,301,715 | €13,053,669 | -€1.2m | -8.7% |
| Cash at bank and in hand | 54/58 | €583,771 | €496,394 | -€87,376 | -15.0% |
| Deferred charges and accrued income | 490/1 | €55,580 | €58,461 | +€2,881 | +5.2% |
| Total equity and liabilities | 10/49 | €28,469,110 | €27,692,512 | -€776,598 | -2.7% |
| Equity | 10/15 | €14,048,992 | €15,157,331 | +€1.1m | +7.9% |
| Contributions | 10/11 | €372,000 | €372,000 | = | 0.0% |
| Capital | 10 | €372,000 | €372,000 | = | 0.0% |
| Issued capital | 100 | €372,000 | €372,000 | = | 0.0% |
| Reserves | 13 | €868,373 | €868,373 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,200 | €37,200 | = | 0.0% |
| Legal reserve | 130 | €37,200 | €37,200 | = | 0.0% |
| Distributable reserves | 133 | €831,173 | €831,173 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,794,688 | €13,905,882 | +€1.1m | +8.7% |
| Investment grants | 15 | €13,932 | €11,076 | -€2,856 | -20.5% |
| Provisions and deferred taxes | 16 | €235,645 | €244,214 | +€8,569 | +3.6% |
| Provisions for liabilities and charges | 160/5 | €235,645 | €244,214 | +€8,569 | +3.6% |
| Other liabilities and charges | 164/5 | €235,645 | €244,214 | +€8,569 | +3.6% |
| Amounts payable | 17/49 | €14,184,472 | €12,290,967 | -€1.9m | -13.3% |
| Amounts payable after more than one year | 17 | €26,016 | €5,349 | -€20,667 | -79.4% |
| Financial debts | 170/4 | €26,016 | €5,349 | -€20,667 | -79.4% |
| Leasing and similar obligations | 172 | €26,016 | €5,349 | -€20,667 | -79.4% |
| Amounts payable within one year | 42/48 | €14,023,082 | €12,173,679 | -€1.8m | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €32,285 | €23,137 | -€9,148 | -28.3% |
| Financial debts | 43 | €437,736 | €229,201 | -€208,535 | -47.6% |
| Credit institutions | 430/8 | €437,736 | €229,201 | -€208,535 | -47.6% |
| Trade debts | 44 | €4,693,245 | €2,849,824 | -€1.8m | -39.3% |
| Suppliers | 440/4 | €4,693,245 | €2,849,824 | -€1.8m | -39.3% |
| Taxes, remuneration and social security | 45 | €689,388 | €901,089 | +€211,701 | +30.7% |
| Taxes | 450/3 | €209,130 | €362,747 | +€153,618 | +73.5% |
| Remuneration and social security | 454/9 | €480,259 | €538,342 | +€58,083 | +12.1% |
| Other amounts payable | 47/48 | €8,170,427 | €8,170,427 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €135,374 | €111,939 | -€23,435 | -17.3% |
| Operating income | 70/76A | €17,141,149 | €17,983,113 | +€841,965 | +4.9% |
| Turnover | 70 | €16,769,922 | €17,986,475 | +€1.2m | +7.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €169,923 | -€166,618 | -€336,541 | |
| Other operating income | 74 | €201,304 | €163,256 | -€38,048 | -18.9% |
| Operating charges | 60/66A | €16,080,732 | €16,594,367 | +€513,635 | +3.2% |
| Goods for resale, raw materials and consumables | 60 | €7,239,200 | €7,630,301 | +€391,101 | +5.4% |
| Purchases | 600/8 | €7,305,294 | €7,443,258 | +€137,965 | +1.9% |
| Change in stocks: decrease (increase) | 609 | -€66,094 | €187,042 | +€253,136 | |
| Services and other goods | 61 | €4,481,122 | €4,265,893 | -€215,229 | -4.8% |
| Remuneration, social security and pensions | 62 | €4,193,516 | €4,414,814 | +€221,298 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,480 | €275,871 | +€65,391 | +31.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €95,413 | -€58,551 | -€153,964 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€201,017 | €8,569 | +€209,585 | |
| Other operating charges | 640/8 | €62,018 | €57,472 | -€4,546 | -7.3% |
| Operating profit (loss) | 9901 | €1,060,416 | €1,388,746 | +€328,329 | +31.0% |
| Financial income | 75/76B | €7,701,546 | €326,973 | -€7.4m | -95.8% |
| Recurring financial income | 75 | €7,701,546 | €326,973 | -€7.4m | -95.8% |
| Income from financial fixed assets | 750 | €7,500,000 | €0 | -€7.5m | -100% |
| Income from current assets | 751 | €188,723 | €129,078 | -€59,645 | -31.6% |
| Other financial income | 752/9 | €12,823 | €197,895 | +€185,072 | +1,443% |
| Financial charges | 65/66B | €166,529 | €125,406 | -€41,124 | -24.7% |
| Recurring financial charges | 65 | €166,529 | €125,406 | -€41,124 | -24.7% |
| Debt charges | 650 | €64,556 | €34,781 | -€29,775 | -46.1% |
| Other financial charges | 652/9 | €101,973 | €90,625 | -€11,349 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €8,595,433 | €1,590,313 | -€7.0m | -81.5% |
| Income taxes | 67/77 | €307,330 | €479,119 | +€171,788 | +55.9% |
| Taxes | 670/3 | €308,141 | €479,119 | +€170,978 | +55.5% |
| Tax adjustments and reversals of tax provisions | 77 | €810 | €0 | -€810 | -100% |
| Profit (loss) for the period | 9904 | €8,288,103 | €1,111,195 | -€7.2m | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,288,103 | €1,111,195 | -€7.2m | -86.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.