Docteur Benjamin GERARDY: 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.
Docteur Benjamin GERARDY
Largest movements
- Deferred charges and accrued income +€2,701
up €2,701 (+18.2%), from €14,846 to €17,547
- Cash +€858
up €858 (+3.5%), from €24,196 to €25,054
mainly Net result for the year (+€34,673) and Other debts (+€6,285)
- Other debts +€6,285
up €6,285 (+27.9%), from €22,533 to €28,818
- Tax, wage and social debts -€4,116
down €4,116 (-26.9%), from €15,317 to €11,201
- Trade debts +€1,225
up €1,225 (+792%), from €155 to €1,380
- Gross operating margin +€5,544
up €5,544 (+13.9%), from €39,811 to €45,355
- Taxes +€1,750
up €1,750 (+20.6%), from €8,516 to €10,267
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 | €40,505 | €43,899 | +€3,394 | +8.4% |
| Fixed assets | 21/28 | €1,463 | €1,298 | -€165 | -11.3% |
| Tangible fixed assets | 22/27 | €1,463 | €1,298 | -€165 | -11.3% |
| Plant, machinery and equipment | 23 | €1,463 | €1,298 | -€165 | -11.3% |
| Current assets | 29/58 | €39,042 | €42,601 | +€3,559 | +9.1% |
| Cash at bank and in hand | 54/58 | €24,196 | €25,054 | +€858 | +3.5% |
| Deferred charges and accrued income | 490/1 | €14,846 | €17,547 | +€2,701 | +18.2% |
| Total equity and liabilities | 10/49 | €40,505 | €43,899 | +€3,394 | +8.4% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €38,005 | €41,399 | +€3,394 | +8.9% |
| Amounts payable within one year | 42/48 | €38,005 | €41,399 | +€3,394 | +8.9% |
| Trade debts | 44 | €155 | €1,380 | +€1,225 | +792% |
| Suppliers | 440/4 | €155 | €1,380 | +€1,225 | +792% |
| Taxes, remuneration and social security | 45 | €15,317 | €11,201 | -€4,116 | -26.9% |
| Taxes | 450/3 | €15,317 | €11,201 | -€4,116 | -26.9% |
| Other amounts payable | 47/48 | €22,533 | €28,818 | +€6,285 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €165 | = | 0.0% |
| Other operating charges | 640/8 | €90 | €101 | +€11 | +12.8% |
| Gross operating margin | 9900 | €39,811 | €45,355 | +€5,544 | +13.9% |
| Operating profit (loss) | 9901 | €39,557 | €45,090 | +€5,533 | +14.0% |
| Financial charges | 65/66B | €38 | €150 | +€113 | +300% |
| Recurring financial charges | 65 | €38 | €150 | +€113 | +300% |
| Profit (loss) for the period before taxes | 9903 | €39,520 | €44,940 | +€5,420 | +13.7% |
| Income taxes | 67/77 | €8,516 | €10,267 | +€1,750 | +20.6% |
| Profit (loss) for the period | 9904 | €31,003 | €34,673 | +€3,670 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,003 | €34,673 | +€3,670 | +11.8% |
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 27 October 2026 via checked.be.