Geraard Motor: 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.
Geraard Motor
Largest movements
- Receivables within one year +€464,326
up €464,326 (+108%), from €431,483 to €895,809
of which Trade receivables: +€464,319
- Stocks and contracts +€448,447
up €448,447 (+44.6%), from €1.0m to €1.5m
- Cash +€199,139
up €199,139 (+388%), from €51,294 to €250,433
mainly Trade debts (+€1.1m) and Depreciation (+€69,607)
- Financial fixed assets -€100,000
no longer reported in 2025 (was €100,000)
- Trade debts +€1.1m
up €1.1m (+160%), from €667,084 to €1.7m
- Debts after one year -€63,000
down €63,000 (-9.9%), from €638,754 to €575,754
- Staff costs +€59,445
up €59,445 (+28.1%), from €211,308 to €270,753
- Gross operating margin +€52,206
up €52,206 (+14.1%), from €369,299 to €421,505
- Financial charges -€13,633
down €13,633 (-24.4%), from €55,941 to €42,308
- Depreciation +€11,040
up €11,040 (+18.9%), from €58,566 to €69,607
- Other operating charges -€5,343
down €5,343 (-23.6%), from €22,599 to €17,256
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 | €1,955,119 | €2,984,923 | +€1.0m | +52.7% |
| Fixed assets | 21/28 | €458,126 | €383,546 | -€74,580 | -16.3% |
| Tangible fixed assets | 22/27 | €358,126 | €383,546 | +€25,420 | +7.1% |
| Land and buildings | 22 | €262,338 | €230,815 | -€31,523 | -12.0% |
| Plant, machinery and equipment | 23 | €8,089 | €17,367 | +€9,279 | +115% |
| Furniture and vehicles | 24 | €87,700 | €135,364 | +€47,664 | +54.3% |
| Financial fixed assets | 28 | €100,000 | - | -€100,000 | |
| Current assets | 29/58 | €1,496,993 | €2,601,376 | +€1.1m | +73.8% |
| Stocks and contracts in progress | 3 | €1,005,114 | €1,453,561 | +€448,447 | +44.6% |
| Stocks | 30/36 | €1,005,114 | €1,453,561 | +€448,447 | +44.6% |
| Amounts receivable within one year | 40/41 | €431,483 | €895,809 | +€464,326 | +108% |
| Trade receivables | 40 | €431,483 | €895,803 | +€464,319 | +108% |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €51,294 | €250,433 | +€199,139 | +388% |
| Deferred charges and accrued income | 490/1 | €9,102 | €1,573 | -€7,528 | -82.7% |
| Total equity and liabilities | 10/49 | €1,955,119 | €2,984,923 | +€1.0m | +52.7% |
| Equity | 10/15 | €291,895 | €310,449 | +€18,554 | +6.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €65,878 | €84,633 | +€18,755 | +28.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,077 | €27,077 | = | 0.0% |
| Distributable reserves | 133 | €36,942 | €55,696 | +€18,755 | +50.8% |
| Profit (loss) carried forward | 14 | €207,425 | €207,225 | -€201 | -0.1% |
| Amounts payable | 17/49 | €1,663,224 | €2,674,473 | +€1.0m | +60.8% |
| Amounts payable after more than one year | 17 | €638,754 | €575,754 | -€63,000 | -9.9% |
| Financial debts | 170/4 | €638,754 | €575,754 | -€63,000 | -9.9% |
| Amounts payable within one year | 42/48 | €1,014,470 | €2,098,719 | +€1.1m | +107% |
| Current portion of amounts payable after more than one year | 42 | €102,413 | €121,917 | +€19,504 | +19.0% |
| Financial debts | 43 | €168,432 | €168,432 | = | 0.0% |
| Credit institutions | 430/8 | €168,432 | €168,432 | = | 0.0% |
| Trade debts | 44 | €667,084 | €1,735,710 | +€1.1m | +160% |
| Suppliers | 440/4 | €667,084 | €1,735,710 | +€1.1m | +160% |
| Taxes, remuneration and social security | 45 | €76,540 | €72,660 | -€3,880 | -5.1% |
| Taxes | 450/3 | €59,191 | €57,225 | -€1,966 | -3.3% |
| Remuneration and social security | 454/9 | €17,349 | €15,435 | -€1,914 | -11.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €211,308 | €270,753 | +€59,445 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,566 | €69,607 | +€11,040 | +18.9% |
| Other operating charges | 640/8 | €22,599 | €17,256 | -€5,343 | -23.6% |
| Gross operating margin | 9900 | €369,299 | €421,505 | +€52,206 | +14.1% |
| Operating profit (loss) | 9901 | €76,826 | €63,889 | -€12,937 | -16.8% |
| Financial income | 75/76B | €0 | €102 | +€102 | |
| Recurring financial income | 75 | €0 | €102 | +€102 | |
| Financial charges | 65/66B | €55,941 | €42,308 | -€13,633 | -24.4% |
| Recurring financial charges | 65 | €55,941 | €42,308 | -€13,633 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €20,885 | €21,683 | +€798 | +3.8% |
| Income taxes | 67/77 | - | €999 | +€999 | |
| Profit (loss) for the period | 9904 | €20,885 | €20,684 | -€201 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,885 | €20,684 | -€201 | -1.0% |
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.