CAERELS GERT-JAN: 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.
CAERELS GERT-JAN
Largest movements
- Cash +€57,787
up €57,787 (+88.1%), from €65,557 to €123,344
mainly Other debts (+€96,895) and Net result for the year (+€75,880)
- Receivables after one year -€6,000
down €6,000 (-100%), from €6,000 to €0
- Receivables within one year +€3,518
up €3,518 (+26.8%), from €13,132 to €16,650
of which Other amounts receivable: +€3,518
- Other debts +€96,895
up €96,895 (+388%), from €24,951 to €121,845
- Reserves -€59,460
down €59,460 (-100%), from €59,460 to €0
- Tax, wage and social debts +€17,160
up €17,160 (+417%), from €4,114 to €21,274
- Gross operating margin +€60,346
up €60,346 (+163%), from €37,078 to €97,424
- Taxes +€12,376
up €12,376 (+165%), from €7,482 to €19,857
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 | €89,912 | €144,412 | +€54,501 | +60.6% |
| Fixed assets | 21/28 | €3,245 | €2,400 | -€845 | -26.0% |
| Tangible fixed assets | 22/27 | €3,245 | €2,400 | -€845 | -26.0% |
| Furniture and vehicles | 24 | €3,245 | €2,400 | -€845 | -26.0% |
| Current assets | 29/58 | €86,667 | €142,012 | +€55,346 | +63.9% |
| Amounts receivable after more than one year | 29 | €6,000 | €0 | -€6,000 | -100% |
| Other amounts receivable | 291 | €6,000 | €0 | -€6,000 | -100% |
| Amounts receivable within one year | 40/41 | €13,132 | €16,650 | +€3,518 | +26.8% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €1,032 | €4,550 | +€3,518 | +341% |
| Cash at bank and in hand | 54/58 | €65,557 | €123,344 | +€57,787 | +88.1% |
| Deferred charges and accrued income | 490/1 | €1,977 | €2,018 | +€41 | +2.1% |
| Total equity and liabilities | 10/49 | €89,912 | €144,412 | +€54,501 | +60.6% |
| Equity | 10/15 | €60,460 | €1,000 | -€59,460 | -98.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €59,460 | €0 | -€59,460 | -100% |
| Distributable reserves | 133 | €59,460 | €0 | -€59,460 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,452 | €143,412 | +€113,961 | +387% |
| Amounts payable within one year | 42/48 | €29,452 | €143,412 | +€113,961 | +387% |
| Trade debts | 44 | €387 | €293 | -€94 | -24.2% |
| Suppliers | 440/4 | €387 | €293 | -€94 | -24.2% |
| Taxes, remuneration and social security | 45 | €4,114 | €21,274 | +€17,160 | +417% |
| Taxes | 450/3 | €4,114 | €21,274 | +€17,160 | +417% |
| Other amounts payable | 47/48 | €24,951 | €121,845 | +€96,895 | +388% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €845 | €845 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €591 | +€77 | +15.1% |
| Gross operating margin | 9900 | €37,078 | €97,424 | +€60,346 | +163% |
| Operating profit (loss) | 9901 | €35,720 | €95,988 | +€60,268 | +169% |
| Financial charges | 65/66B | €161 | €251 | +€89 | +55.5% |
| Recurring financial charges | 65 | €161 | €251 | +€89 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €35,559 | €95,738 | +€60,179 | +169% |
| Income taxes | 67/77 | €7,482 | €19,857 | +€12,376 | +165% |
| Profit (loss) for the period | 9904 | €28,077 | €75,880 | +€47,803 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €28,077 | €75,880 | +€47,803 | +170% |
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 23 October 2026 via checked.be.