G.é.Ré.HVAC: 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.
G.é.Ré.HVAC
Largest movements
- Cash +€79,736
up €79,736 (+42.2%), from €188,816 to €268,552
mainly Net result for the year (+€76,808) and Trade debts (+€22,636)
- Receivables within one year +€32,468
up €32,468 (+65.1%), from €49,841 to €82,309
of which Trade receivables: +€22,244
- Tangible fixed assets -€9,642
down €9,642 (-31.8%), from €30,304 to €20,663
of which Furniture and vehicles: -€8,596
- Reserves +€84,508
up €84,508 (+40.2%), from €210,187 to €294,695
- Trade debts +€22,636
up €22,636 (+99.9%), from €22,651 to €45,287
- Profit (loss) carried forward -€7,743
down €7,743 (-99.6%), from €7,771 to €29
- Gross operating margin +€40,627
up €40,627 (+48.7%), from €83,366 to €123,993
- Taxes +€14,931
up €14,931 (+68.0%), from €21,963 to €36,893
- Depreciation -€5,232
down €5,232 (-35.5%), from €14,742 to €9,510
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 | €274,206 | €377,574 | +€103,368 | +37.7% |
| Fixed assets | 21/28 | €30,464 | €20,823 | -€9,642 | -31.6% |
| Tangible fixed assets | 22/27 | €30,304 | €20,663 | -€9,642 | -31.8% |
| Plant, machinery and equipment | 23 | €6,055 | €5,010 | -€1,046 | -17.3% |
| Furniture and vehicles | 24 | €24,249 | €15,653 | -€8,596 | -35.4% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €243,742 | €356,752 | +€113,010 | +46.4% |
| Amounts receivable within one year | 40/41 | €49,841 | €82,309 | +€32,468 | +65.1% |
| Trade receivables | 40 | €45,957 | €68,202 | +€22,244 | +48.4% |
| Other amounts receivable | 41 | €3,883 | €14,107 | +€10,224 | +263% |
| Cash at bank and in hand | 54/58 | €188,816 | €268,552 | +€79,736 | +42.2% |
| Deferred charges and accrued income | 490/1 | €5,085 | €5,891 | +€806 | +15.9% |
| Total equity and liabilities | 10/49 | €274,206 | €377,574 | +€103,368 | +37.7% |
| Equity | 10/15 | €236,559 | €313,324 | +€76,765 | +32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €210,187 | €294,695 | +€84,508 | +40.2% |
| Distributable reserves | 133 | €210,187 | €294,695 | +€84,508 | +40.2% |
| Profit (loss) carried forward | 14 | €7,771 | €29 | -€7,743 | -99.6% |
| Amounts payable | 17/49 | €37,648 | €64,250 | +€26,603 | +70.7% |
| Amounts payable within one year | 42/48 | €37,648 | €64,065 | +€26,417 | +70.2% |
| Trade debts | 44 | €22,651 | €45,287 | +€22,636 | +99.9% |
| Suppliers | 440/4 | €22,651 | €45,287 | +€22,636 | +99.9% |
| Taxes, remuneration and social security | 45 | €5,707 | €8,944 | +€3,236 | +56.7% |
| Taxes | 450/3 | €5,707 | €8,944 | +€3,236 | +56.7% |
| Other amounts payable | 47/48 | €9,289 | €9,834 | +€545 | +5.9% |
| Accrued charges and deferred income | 492/3 | - | €186 | +€186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,742 | €9,510 | -€5,232 | -35.5% |
| Other operating charges | 640/8 | €721 | €1,046 | +€325 | +45.1% |
| Gross operating margin | 9900 | €83,366 | €123,993 | +€40,627 | +48.7% |
| Operating profit (loss) | 9901 | €67,903 | €113,437 | +€45,534 | +67.1% |
| Financial income | 75/76B | - | €1,103 | +€1,103 | |
| Recurring financial income | 75 | - | €1,103 | +€1,103 | |
| Financial charges | 65/66B | €864 | €838 | -€26 | -3.1% |
| Recurring financial charges | 65 | €864 | €838 | -€26 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €67,039 | €113,702 | +€46,663 | +69.6% |
| Income taxes | 67/77 | €21,963 | €36,893 | +€14,931 | +68.0% |
| Profit (loss) for the period | 9904 | €45,076 | €76,808 | +€31,732 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,076 | €76,808 | +€31,732 | +70.4% |
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 20 October 2026 via checked.be.