Gerald KREITZ: 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.
What changed
Gerald KREITZ
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,339
2024 · €100-€2,439
Equity
€10,439
2024 · €15,140-€4,701
Cash
€4,680
2024 · €3,069+€1,611
Balance sheet total
€587,673
2024 · €657,492-€69,818
Largest movements
Assets
- Tangible fixed assets -€65,103
down €65,103 (-13.1%), from €495,518 to €430,415
- Receivables within one year -€14,013
down €14,013 (-12.2%), from €115,119 to €101,105
of which Trade receivables: -€12,007
Equity and liabilities
- Debts after one year -€77,503
down €77,503 (-35.4%), from €218,798 to €141,295
- Short-term financial debts +€12,559
up €12,559 (+8.4%), from €149,844 to €162,402
- Trade debts +€7,974
up €7,974 (+6.1%), from €131,261 to €139,236
- Current portion of long-term debt -€7,799
down €7,799 (-7.9%), from €98,268 to €90,468
Income statement
- Gross operating margin -€11,930
down €11,930 (-3.1%), from €381,368 to €369,438
- Staff costs +€8,504
up €8,504 (+3.5%), from €240,597 to €249,101
- Other operating charges -€5,671
down €5,671 (-43.3%), from €13,104 to €7,433
- Write-downs -€5,649
down €5,649 (-97.1%), from €5,816 to €167
- Financial charges -€3,825
down €3,825 (-11.0%), from €34,899 to €31,074
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.
Result 2024
€100
Gross operating margin
-€11,930
Staff costs
-€8,504
Depreciation
+€689
Write-downs
+€5,649
Other operating charges
+€5,671
Financial income
+€2,162
Financial charges
+€3,825
Taxes
-€1
Result 2025
-€2,339
raises the resultlowers the result
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.
From operations
+€106,292
Investment
-€29,576
Financing
-€75,105
Cash 2024
€3,069
From operations (derived)
+€106,292
Net result for the year
-€2,339
Depreciation
+€88,607
Stocks and contracts
-€1,612
Receivables within one year
+€14,013
Deferred charges and accrued income
-€3
Trade debts
+€7,974
Tax, wage and social debts
-€727
Accrued charges and deferred income
+€378
Investment (derived)
-€29,576
Investment in fixed assets (net)
-€29,576
Financing
-€75,105
Debts after one year
-€77,503
Current portion of long-term debt
-€7,799
Short-term financial debts
+€12,559
Contributions, distributions and other
-€2,362
Cash 2025
€4,680
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €657,492 | €587,673 | -€69,818 | -10.6% |
| Fixed assets | 21/28 | €497,190 | €438,159 | -€59,031 | -11.9% |
| Tangible fixed assets | 22/27 | €495,518 | €430,415 | -€65,103 | -13.1% |
| Land and buildings | 22 | €257,556 | €230,943 | -€26,614 | -10.3% |
| Plant, machinery and equipment | 23 | €173,821 | €142,204 | -€31,617 | -18.2% |
| Furniture and vehicles | 24 | €59,215 | €42,635 | -€16,580 | -28.0% |
| Leasing and similar rights | 25 | - | €11,114 | +€11,114 | |
| Other tangible fixed assets | 26 | €4,925 | €3,519 | -€1,406 | -28.6% |
| Financial fixed assets | 28 | €1,672 | €7,744 | +€6,072 | +363% |
| Current assets | 29/58 | €160,302 | €149,514 | -€10,788 | -6.7% |
| Stocks and contracts in progress | 3 | €33,811 | €35,424 | +€1,612 | +4.8% |
| Stocks | 30/36 | €33,811 | €35,424 | +€1,612 | +4.8% |
| Amounts receivable within one year | 40/41 | €115,119 | €101,105 | -€14,013 | -12.2% |
| Trade receivables | 40 | €110,800 | €98,793 | -€12,007 | -10.8% |
| Other amounts receivable | 41 | €4,319 | €2,313 | -€2,007 | -46.5% |
| Cash at bank and in hand | 54/58 | €3,069 | €4,680 | +€1,611 | +52.5% |
| Deferred charges and accrued income | 490/1 | €8,303 | €8,306 | +€3 | 0.0% |
| Total equity and liabilities | 10/49 | €657,492 | €587,673 | -€69,818 | -10.6% |
| Equity | 10/15 | €15,140 | €10,439 | -€4,701 | -31.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,183 | €9,183 | = | 0.0% |
| Distributable reserves | 133 | €9,183 | €9,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,448 | -€21,786 | -€2,339 | -12.0% |
| Investment grants | 15 | €6,805 | €4,443 | -€2,362 | -34.7% |
| Amounts payable | 17/49 | €642,352 | €577,234 | -€65,118 | -10.1% |
| Amounts payable after more than one year | 17 | €218,798 | €141,295 | -€77,503 | -35.4% |
| Financial debts | 170/4 | €218,798 | €141,295 | -€77,503 | -35.4% |
| Amounts payable within one year | 42/48 | €420,072 | €432,078 | +€12,006 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €98,268 | €90,468 | -€7,799 | -7.9% |
| Financial debts | 43 | €149,844 | €162,402 | +€12,559 | +8.4% |
| Credit institutions | 430/8 | €149,844 | €162,402 | +€12,559 | +8.4% |
| Trade debts | 44 | €131,261 | €139,236 | +€7,974 | +6.1% |
| Suppliers | 440/4 | €131,261 | €139,236 | +€7,974 | +6.1% |
| Taxes, remuneration and social security | 45 | €40,699 | €39,972 | -€727 | -1.8% |
| Taxes | 450/3 | €5,773 | €2,563 | -€3,210 | -55.6% |
| Remuneration and social security | 454/9 | €34,926 | €37,409 | +€2,483 | +7.1% |
| Accrued charges and deferred income | 492/3 | €3,483 | €3,861 | +€378 | +10.9% |
| Remuneration, social security and pensions | 62 | €240,597 | €249,101 | +€8,504 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,296 | €88,607 | -€689 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,816 | €167 | -€5,649 | -97.1% |
| Other operating charges | 640/8 | €13,104 | €7,433 | -€5,671 | -43.3% |
| Gross operating margin | 9900 | €381,368 | €369,438 | -€11,930 | -3.1% |
| Operating profit (loss) | 9901 | €32,556 | €24,131 | -€8,424 | -25.9% |
| Financial income | 75/76B | €2,583 | €4,745 | +€2,162 | +83.7% |
| Recurring financial income | 75 | €2,583 | €4,745 | +€2,162 | +83.7% |
| Financial charges | 65/66B | €34,899 | €31,074 | -€3,825 | -11.0% |
| Recurring financial charges | 65 | €34,899 | €31,074 | -€3,825 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €240 | -€2,198 | -€2,438 | |
| Income taxes | 67/77 | €139 | €141 | +€1 | +0.9% |
| Profit (loss) for the period | 9904 | €100 | -€2,339 | -€2,439 | |
| Profit (loss) for the period to be appropriated | 9905 | €100 | -€2,339 | -€2,439 |
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 27 October 2026 via checked.be.