ETABLISSEMENTS GERARDS: 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.
ETABLISSEMENTS GERARDS
Largest movements
- Financial fixed assets -€2,000
no longer reported in 2025 (was €2,000)
- Cash +€259
up €259 (+50.8%), from €510 to €768
mainly Net result for the year (+€72,128) and Investment in fixed assets (net) (+€2,000)
- Receivables within one year +€252
new in 2025: €252
- Deferred charges and accrued income -€168
down €168 (-46.1%), from €365 to €197
- Tangible fixed assets -€88
down €88 (-39.8%), from €221 to €133
- Profit (loss) carried forward +€72,128
up €72,128 (+48.8%), from -€147,787 to -€75,659
- Other debts -€45,108
down €45,108 (-53.9%), from €83,698 to €38,591
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Tax, wage and social debts -€2,890
no longer reported in 2025 (was €2,890)
of which Remuneration and social security: -€1,761
- Trade debts -€875
down €875 (-93.8%), from €934 to €58
- Gross operating margin +€95,036
up €95,036, from -€20,961 to €74,075
- Purchases and services -€39,346
down €39,346 (-78.0%), from €50,425 to €11,079
- Turnover -€14,333
down €14,333 (-91.1%), from €15,725 to €1,392
- Financial charges -€961
down €961 (-46.7%), from €2,059 to €1,099
- Staff costs -€808
down €808 (-77.0%), from €1,049 to €241
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 | €3,095 | €1,350 | -€1,745 | -56.4% |
| Fixed assets | 21/28 | €2,221 | €133 | -€2,088 | -94.0% |
| Tangible fixed assets | 22/27 | €221 | €133 | -€88 | -39.8% |
| Plant, machinery and equipment | 23 | €221 | €133 | -€88 | -39.8% |
| Financial fixed assets | 28 | €2,000 | - | -€2,000 | |
| Current assets | 29/58 | €874 | €1,217 | +€343 | +39.2% |
| Amounts receivable within one year | 40/41 | - | €252 | +€252 | |
| Other amounts receivable | 41 | - | €252 | +€252 | |
| Cash at bank and in hand | 54/58 | €510 | €768 | +€259 | +50.8% |
| Deferred charges and accrued income | 490/1 | €365 | €197 | -€168 | -46.1% |
| Total equity and liabilities | 10/49 | €3,095 | €1,350 | -€1,745 | -56.4% |
| Equity | 10/15 | -€109,427 | -€37,299 | +€72,128 | +65.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,760 | €19,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,900 | €17,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,787 | -€75,659 | +€72,128 | +48.8% |
| Amounts payable | 17/49 | €112,522 | €38,649 | -€73,873 | -65.7% |
| Amounts payable within one year | 42/48 | €112,522 | €38,649 | -€73,873 | -65.7% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €934 | €58 | -€875 | -93.8% |
| Suppliers | 440/4 | €934 | €58 | -€875 | -93.8% |
| Taxes, remuneration and social security | 45 | €2,890 | - | -€2,890 | |
| Taxes | 450/3 | €1,129 | - | -€1,129 | |
| Remuneration and social security | 454/9 | €1,761 | - | -€1,761 | |
| Other amounts payable | 47/48 | €83,698 | €38,591 | -€45,108 | -53.9% |
| Turnover | 70 | €15,725 | €1,392 | -€14,333 | -91.1% |
| Non-recurring operating income | 76A | - | €80,000 | +€80,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €50,425 | €11,079 | -€39,346 | -78.0% |
| Remuneration, social security and pensions | 62 | €1,049 | €241 | -€808 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €88 | -€249 | -73.9% |
| Other operating charges | 640/8 | €518 | €527 | +€9 | +1.8% |
| Gross operating margin | 9900 | -€20,961 | €74,075 | +€95,036 | |
| Operating profit (loss) | 9901 | -€22,865 | €73,219 | +€96,084 | |
| Financial income | 75/76B | €56 | €8 | -€49 | -86.7% |
| Recurring financial income | 75 | €56 | €8 | -€49 | -86.7% |
| Financial charges | 65/66B | €2,059 | €1,099 | -€961 | -46.7% |
| Recurring financial charges | 65 | €2,059 | €1,099 | -€961 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,868 | €72,128 | +€96,996 | |
| Profit (loss) for the period | 9904 | -€24,868 | €72,128 | +€96,996 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,868 | €72,128 | +€96,996 |
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 31 October 2026 via checked.be.