Dries Gerinckx: 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.
Dries Gerinckx
Largest movements
- Cash +€55,180
up €55,180 (+122%), from €45,200 to €100,380
mainly Net result for the year (+€83,440) and Tax, wage and social debts (+€20,272)
- Receivables within one year +€50,396
up €50,396 (+1,281%), from €3,934 to €54,330
of which Other amounts receivable: +€41,200
- Tangible fixed assets -€1,757
down €1,757 (-30.3%), from €5,797 to €4,040
- Reserves +€63,440
up €63,440 (+151%), from €42,095 to €105,534
- Tax, wage and social debts +€20,272
up €20,272 (+355%), from €5,703 to €25,975
- Other debts +€15,000
up €15,000 (+300%), from €5,000 to €20,000
- Trade debts +€3,798
up €3,798 (+859%), from €442 to €4,240
- Gross operating margin +€82,366
up €82,366 (+250%), from €32,938 to €115,305
- Taxes +€24,647
up €24,647 (+475%), from €5,183 to €29,830
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 | €56,240 | €158,750 | +€102,510 | +182% |
| Fixed assets | 21/28 | €5,797 | €4,040 | -€1,757 | -30.3% |
| Tangible fixed assets | 22/27 | €5,797 | €4,040 | -€1,757 | -30.3% |
| Furniture and vehicles | 24 | €5,797 | €4,040 | -€1,757 | -30.3% |
| Current assets | 29/58 | €50,442 | €154,710 | +€104,268 | +207% |
| Amounts receivable within one year | 40/41 | €3,934 | €54,330 | +€50,396 | +1,281% |
| Trade receivables | 40 | €1,418 | €10,615 | +€9,197 | +648% |
| Other amounts receivable | 41 | €2,515 | €43,715 | +€41,200 | +1,638% |
| Cash at bank and in hand | 54/58 | €45,200 | €100,380 | +€55,180 | +122% |
| Deferred charges and accrued income | 490/1 | €1,309 | €0 | -€1,309 | -100% |
| Total equity and liabilities | 10/49 | €56,240 | €158,750 | +€102,510 | +182% |
| Equity | 10/15 | €45,095 | €108,534 | +€63,440 | +141% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,095 | €105,534 | +€63,440 | +151% |
| Distributable reserves | 133 | €42,095 | €105,534 | +€63,440 | +151% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,145 | €50,216 | +€39,071 | +351% |
| Amounts payable within one year | 42/48 | €11,145 | €50,216 | +€39,071 | +351% |
| Trade debts | 44 | €442 | €4,240 | +€3,798 | +859% |
| Suppliers | 440/4 | €442 | €4,240 | +€3,798 | +859% |
| Taxes, remuneration and social security | 45 | €5,703 | €25,975 | +€20,272 | +355% |
| Taxes | 450/3 | €5,703 | €25,975 | +€20,272 | +355% |
| Other amounts payable | 47/48 | €5,000 | €20,000 | +€15,000 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,915 | €1,757 | -€157 | -8.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €32,938 | €115,305 | +€82,366 | +250% |
| Operating profit (loss) | 9901 | €30,636 | €113,147 | +€82,511 | +269% |
| Financial income | 75/76B | €0 | €585 | +€585 | |
| Recurring financial income | 75 | €0 | €585 | +€585 | |
| Financial charges | 65/66B | €409 | €462 | +€53 | +13.1% |
| Recurring financial charges | 65 | €409 | €462 | +€53 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €30,227 | €113,270 | +€83,043 | +275% |
| Income taxes | 67/77 | €5,183 | €29,830 | +€24,647 | +475% |
| Profit (loss) for the period | 9904 | €25,044 | €83,440 | +€58,396 | +233% |
| Profit (loss) for the period to be appropriated | 9905 | €25,044 | €83,440 | +€58,396 | +233% |
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 28 October 2026 via checked.be.