GEBRUERS: 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.
GEBRUERS
Largest movements
- Cash -€45,170
down €45,170 (-41.9%), from €107,748 to €62,578
mainly Net result for the year (-€71,645) and Investment in fixed assets (net) (-€9,947)
- Stocks and contracts -€10,992
down €10,992 (-10.6%), from €103,699 to €92,707
- Receivables within one year -€10,414
down €10,414 (-20.8%), from €50,047 to €39,633
of which Other amounts receivable: -€18,538
- Profit (loss) carried forward -€71,645
down €71,645 (-201%), from -€35,616 to -€107,261
- Other debts +€13,347
new in 2025: €13,347
- Trade debts -€3,069
down €3,069 (-42.1%), from €7,296 to €4,228
- Write-downs +€85,617
new in 2025: €85,617
- Gross operating margin +€39,128
up €39,128, from -€8,128 to €31,000
- Depreciation -€4,440
down €4,440 (-37.1%), from €11,978 to €7,538
- Financial income -€1,137
down €1,137 (-44.7%), from €2,541 to €1,404
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 | €298,603 | €237,237 | -€61,366 | -20.6% |
| Fixed assets | 21/28 | €31,699 | €34,108 | +€2,409 | +7.6% |
| Tangible fixed assets | 22/27 | €31,699 | €34,108 | +€2,409 | +7.6% |
| Furniture and vehicles | 24 | €31,699 | €34,108 | +€2,409 | +7.6% |
| Current assets | 29/58 | €266,904 | €203,129 | -€63,775 | -23.9% |
| Stocks and contracts in progress | 3 | €103,699 | €92,707 | -€10,992 | -10.6% |
| Stocks | 30/36 | €103,699 | €92,707 | -€10,992 | -10.6% |
| Amounts receivable within one year | 40/41 | €50,047 | €39,633 | -€10,414 | -20.8% |
| Trade receivables | 40 | €29,878 | €38,002 | +€8,124 | +27.2% |
| Other amounts receivable | 41 | €20,168 | €1,630 | -€18,538 | -91.9% |
| Cash at bank and in hand | 54/58 | €107,748 | €62,578 | -€45,170 | -41.9% |
| Deferred charges and accrued income | 490/1 | €5,410 | €8,211 | +€2,801 | +51.8% |
| Total equity and liabilities | 10/49 | €298,603 | €237,237 | -€61,366 | -20.6% |
| Equity | 10/15 | €291,306 | €219,662 | -€71,645 | -24.6% |
| Contributions | 10/11 | €287,000 | €287,000 | = | 0.0% |
| Capital | 10 | €287,000 | €287,000 | = | 0.0% |
| Issued capital | 100 | €287,000 | €287,000 | = | 0.0% |
| Reserves | 13 | €39,922 | €39,922 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,265 | €21,265 | = | 0.0% |
| Legal reserve | 130 | €21,265 | €21,265 | = | 0.0% |
| Distributable reserves | 133 | €18,658 | €18,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,616 | -€107,261 | -€71,645 | -201% |
| Amounts payable | 17/49 | €7,296 | €17,575 | +€10,278 | +141% |
| Amounts payable within one year | 42/48 | €7,296 | €17,575 | +€10,278 | +141% |
| Trade debts | 44 | €7,296 | €4,228 | -€3,069 | -42.1% |
| Suppliers | 440/4 | €7,296 | €4,228 | -€3,069 | -42.1% |
| Other amounts payable | 47/48 | - | €13,347 | +€13,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,978 | €7,538 | -€4,440 | -37.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €85,617 | +€85,617 | |
| Other operating charges | 640/8 | €6,747 | €6,563 | -€184 | -2.7% |
| Non-recurring operating charges | 66A | €2,706 | €4,108 | +€1,403 | +51.8% |
| Gross operating margin | 9900 | -€8,128 | €31,000 | +€39,128 | |
| Operating profit (loss) | 9901 | -€29,558 | -€72,827 | -€43,269 | -146% |
| Financial income | 75/76B | €2,541 | €1,404 | -€1,137 | -44.7% |
| Recurring financial income | 75 | €2,541 | €1,404 | -€1,137 | -44.7% |
| Financial charges | 65/66B | €228 | €222 | -€6 | -2.6% |
| Recurring financial charges | 65 | €228 | €222 | -€6 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,245 | -€71,645 | -€44,400 | -163% |
| Profit (loss) for the period | 9904 | -€27,245 | -€71,645 | -€44,400 | -163% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,245 | -€71,645 | -€44,400 | -163% |
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 26 October 2026 via checked.be.