BATIMENTS HENRI GERMEAU: 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.
BATIMENTS HENRI GERMEAU
Largest movements
- Tangible fixed assets +€103,187
up €103,187 (+7.4%), from €1.4m to €1.5m
of which Other tangible fixed assets: +€103,187
- Receivables within one year -€37,664
down €37,664 (-62.9%), from €59,899 to €22,235
of which Trade receivables: -€31,235
- Cash +€23,502
up €23,502 (+18.5%), from €126,793 to €150,295
mainly Net result for the year (+€157,700) and Trade debts (+€93,775)
- Trade debts +€93,775
new in 2025: €93,775
- Debts after one year -€73,415
no longer reported in 2025 (was €73,415)
- Other debts +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Gross operating margin +€37,858
up €37,858 (+13.2%), from €286,815 to €324,673
- Taxes +€8,132
up €8,132 (+17.4%), from €46,771 to €54,903
- Other operating charges +€3,840
up €3,840 (+8.8%), from €43,811 to €47,652
- Depreciation +€3,605
up €3,605 (+6.0%), from €60,144 to €63,748
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 | €1,588,587 | €1,677,612 | +€89,025 | +5.6% |
| Fixed assets | 21/28 | €1,401,895 | €1,505,081 | +€103,187 | +7.4% |
| Tangible fixed assets | 22/27 | €1,401,895 | €1,505,081 | +€103,187 | +7.4% |
| Land and buildings | 22 | €735,522 | €735,522 | = | 0.0% |
| Other tangible fixed assets | 26 | €666,373 | €769,560 | +€103,187 | +15.5% |
| Current assets | 29/58 | €186,692 | €172,530 | -€14,162 | -7.6% |
| Amounts receivable within one year | 40/41 | €59,899 | €22,235 | -€37,664 | -62.9% |
| Trade receivables | 40 | €49,902 | €18,667 | -€31,235 | -62.6% |
| Other amounts receivable | 41 | €9,997 | €3,568 | -€6,429 | -64.3% |
| Cash at bank and in hand | 54/58 | €126,793 | €150,295 | +€23,502 | +18.5% |
| Total equity and liabilities | 10/49 | €1,588,587 | €1,677,612 | +€89,025 | +5.6% |
| Equity | 10/15 | €1,337,651 | €1,345,351 | +€7,700 | +0.6% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €62,000 | €62,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €62,000 | €62,000 | = | 0.0% |
| Legal reserve | 130 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,055,651 | €1,063,351 | +€7,700 | +0.7% |
| Amounts payable | 17/49 | €250,936 | €332,261 | +€81,325 | +32.4% |
| Amounts payable after more than one year | 17 | €73,415 | - | -€73,415 | |
| Financial debts | 170/4 | €73,415 | - | -€73,415 | |
| Amounts payable within one year | 42/48 | €177,521 | €332,261 | +€154,740 | +87.2% |
| Current portion of amounts payable after more than one year | 42 | €73,390 | €73,806 | +€416 | +0.6% |
| Trade debts | 44 | - | €93,775 | +€93,775 | |
| Suppliers | 440/4 | - | €93,775 | +€93,775 | |
| Taxes, remuneration and social security | 45 | €4,131 | €14,680 | +€10,549 | +255% |
| Taxes | 450/3 | €4,131 | €14,680 | +€10,549 | +255% |
| Other amounts payable | 47/48 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Non-recurring operating income | 76A | €947 | - | -€947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,144 | €63,748 | +€3,605 | +6.0% |
| Other operating charges | 640/8 | €43,811 | €47,652 | +€3,840 | +8.8% |
| Gross operating margin | 9900 | €286,815 | €324,673 | +€37,858 | +13.2% |
| Operating profit (loss) | 9901 | €182,860 | €213,273 | +€30,413 | +16.6% |
| Financial income | 75/76B | €803 | €1,018 | +€215 | +26.7% |
| Recurring financial income | 75 | €803 | €1,018 | +€215 | +26.7% |
| Financial charges | 65/66B | €2,498 | €1,688 | -€811 | -32.5% |
| Recurring financial charges | 65 | €2,498 | €1,688 | -€811 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €181,165 | €212,603 | +€31,439 | +17.4% |
| Income taxes | 67/77 | €46,771 | €54,903 | +€8,132 | +17.4% |
| Profit (loss) for the period | 9904 | €134,394 | €157,700 | +€23,307 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €134,394 | €157,700 | +€23,307 | +17.3% |
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 24 October 2026 via checked.be.