Geraerts & Helsen: 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.
Geraerts & Helsen
Largest movements
- Tangible fixed assets +€32,786
up €32,786 (+9.5%), from €345,139 to €377,925
of which Furniture and vehicles: +€69,382
- Cash -€27,324
down €27,324 (-17.1%), from €160,009 to €132,685
mainly Investment in fixed assets (net) (-€83,474) and Tax, wage and social debts (-€9,537)
- Receivables within one year -€6,508
down €6,508 (-23.5%), from €27,741 to €21,234
of which Other amounts receivable: -€5,817
- Reserves +€20,634
up €20,634 (+14.6%), from €140,896 to €161,530
of which Distributable reserves: +€20,634
- Tax, wage and social debts -€9,537
down €9,537 (-45.0%), from €21,195 to €11,658
of which Taxes: -€20,037
- Trade debts -€6,952
down €6,952 (-48.7%), from €14,278 to €7,326
- Depreciation +€9,134
up €9,134 (+22.0%), from €41,554 to €50,688
- Taxes -€5,857
down €5,857 (-36.6%), from €15,988 to €10,131
- Gross operating margin -€1,993
down €1,993 (-2.2%), from €88,901 to €86,907
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 | €543,065 | €540,993 | -€2,072 | -0.4% |
| Fixed assets | 21/28 | €345,139 | €377,925 | +€32,786 | +9.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €345,139 | €377,925 | +€32,786 | +9.5% |
| Land and buildings | 22 | €262,714 | €241,840 | -€20,873 | -7.9% |
| Plant, machinery and equipment | 23 | €60,383 | €44,660 | -€15,723 | -26.0% |
| Furniture and vehicles | 24 | €22,043 | €91,425 | +€69,382 | +315% |
| Current assets | 29/58 | €197,926 | €163,068 | -€34,859 | -17.6% |
| Stocks and contracts in progress | 3 | €9,148 | €9,148 | = | 0.0% |
| Stocks | 30/36 | €9,148 | €9,148 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,741 | €21,234 | -€6,508 | -23.5% |
| Trade receivables | 40 | €21,924 | €21,234 | -€691 | -3.2% |
| Other amounts receivable | 41 | €5,817 | - | -€5,817 | |
| Cash at bank and in hand | 54/58 | €160,009 | €132,685 | -€27,324 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,027 | €0 | -€1,027 | -100% |
| Total equity and liabilities | 10/49 | €543,065 | €540,993 | -€2,072 | -0.4% |
| Equity | 10/15 | €381,903 | €405,220 | +€23,317 | +6.1% |
| Contributions | 10/11 | €18,697 | €18,697 | = | 0.0% |
| Reserves | 13 | €140,896 | €161,530 | +€20,634 | +14.6% |
| Non-distributable reserves | 130/1 | €2,850 | €2,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,850 | €2,850 | = | 0.0% |
| Distributable reserves | 133 | €138,045 | €158,680 | +€20,634 | +14.9% |
| Profit (loss) carried forward | 14 | €222,310 | €224,993 | +€2,683 | +1.2% |
| Provisions and deferred taxes | 16 | €35,000 | €30,000 | -€5,000 | -14.3% |
| Provisions for liabilities and charges | 160/5 | €35,000 | €30,000 | -€5,000 | -14.3% |
| Pensions and similar obligations | 160 | €35,000 | €30,000 | -€5,000 | -14.3% |
| Amounts payable | 17/49 | €126,162 | €105,773 | -€20,389 | -16.2% |
| Amounts payable within one year | 42/48 | €126,162 | €105,736 | -€20,426 | -16.2% |
| Trade debts | 44 | €14,278 | €7,326 | -€6,952 | -48.7% |
| Suppliers | 440/4 | €14,278 | €7,326 | -€6,952 | -48.7% |
| Taxes, remuneration and social security | 45 | €21,195 | €11,658 | -€9,537 | -45.0% |
| Taxes | 450/3 | €21,195 | €1,158 | -€20,037 | -94.5% |
| Remuneration and social security | 454/9 | - | €10,500 | +€10,500 | |
| Other amounts payable | 47/48 | €90,690 | €86,753 | -€3,937 | -4.3% |
| Accrued charges and deferred income | 492/3 | - | €36 | +€36 | |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,554 | €50,688 | +€9,134 | +22.0% |
| Other operating charges | 640/8 | €1,227 | €949 | -€278 | -22.6% |
| Non-recurring operating charges | 66A | €2,283 | €2,030 | -€252 | -11.1% |
| Gross operating margin | 9900 | €88,901 | €86,907 | -€1,993 | -2.2% |
| Operating profit (loss) | 9901 | €43,836 | €33,240 | -€10,596 | -24.2% |
| Financial income | 75/76B | €829 | €706 | -€123 | -14.8% |
| Recurring financial income | 75 | €829 | €706 | -€123 | -14.8% |
| Financial charges | 65/66B | €736 | €498 | -€238 | -32.4% |
| Recurring financial charges | 65 | €736 | €498 | -€238 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €43,929 | €33,448 | -€10,481 | -23.9% |
| Income taxes | 67/77 | €15,988 | €10,131 | -€5,857 | -36.6% |
| Profit (loss) for the period | 9904 | €27,941 | €23,317 | -€4,624 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,941 | €23,317 | -€4,624 | -16.5% |
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 23 October 2026 via checked.be.