GERALEX MAHAUX CONSTRUCT: 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.
GERALEX MAHAUX CONSTRUCT
Largest movements
- Tangible fixed assets -€12,949
down €12,949 (-55.9%), from €23,147 to €10,198
of which Furniture and vehicles: -€11,154
- Receivables within one year -€12,443
down €12,443 (-95.2%), from €13,070 to €627
of which Trade receivables: -€12,296
- Cash -€2,071
down €2,071 (-45.4%), from €4,559 to €2,488
mainly Net result for the year (-€27,342) and Debts after one year (-€7,006)
- Deferred charges and accrued income -€676
down €676 (-19.7%), from €3,430 to €2,754
- Profit (loss) carried forward -€27,343
down €27,343 (-68.5%), from -€39,898 to -€67,241
- Trade debts +€12,206
up €12,206 (+8,556%), from €143 to €12,349
- Debts after one year -€7,006
down €7,006 (-100%), from €7,006 to €0
- Current portion of long-term debt -€4,226
down €4,226 (-37.6%), from €11,232 to €7,006
- Other debts -€3,520
down €3,520 (-8.7%), from €40,355 to €36,835
- Gross operating margin +€18,403
up €18,403 (+65.3%), from -€28,196 to -€9,793
- Other operating charges +€2,523
up €2,523 (+170%), from €1,487 to €4,010
- Depreciation -€2,193
down €2,193 (-14.4%), from €15,240 to €13,047
- Write-downs +€1,151
no longer reported in 2025 (was -€1,151)
- Staff costs -€1,009
down €1,009 (-92.4%), from €1,092 to €83
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 | €45,908 | €17,671 | -€28,237 | -61.5% |
| Fixed assets | 21/28 | €24,849 | €11,802 | -€13,047 | -52.5% |
| Intangible fixed assets | 21 | €97 | - | -€97 | |
| Tangible fixed assets | 22/27 | €23,147 | €10,198 | -€12,949 | -55.9% |
| Plant, machinery and equipment | 23 | €2,381 | €586 | -€1,795 | -75.4% |
| Furniture and vehicles | 24 | €20,766 | €9,612 | -€11,154 | -53.7% |
| Financial fixed assets | 28 | €1,604 | €1,604 | -€0 | 0.0% |
| Current assets | 29/58 | €21,059 | €5,869 | -€15,190 | -72.1% |
| Amounts receivable within one year | 40/41 | €13,070 | €627 | -€12,443 | -95.2% |
| Trade receivables | 40 | €12,923 | €627 | -€12,296 | -95.1% |
| Other amounts receivable | 41 | €147 | - | -€147 | |
| Cash at bank and in hand | 54/58 | €4,559 | €2,488 | -€2,071 | -45.4% |
| Deferred charges and accrued income | 490/1 | €3,430 | €2,754 | -€676 | -19.7% |
| Total equity and liabilities | 10/49 | €45,908 | €17,671 | -€28,237 | -61.5% |
| Equity | 10/15 | -€18,097 | -€45,440 | -€27,343 | -151% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,601 | €15,601 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €15,601 | €15,601 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€39,898 | -€67,241 | -€27,343 | -68.5% |
| Amounts payable | 17/49 | €64,006 | €63,111 | -€895 | -1.4% |
| Amounts payable after more than one year | 17 | €7,006 | €0 | -€7,006 | -100% |
| Financial debts | 170/4 | €7,006 | €0 | -€7,006 | -100% |
| Amounts payable within one year | 42/48 | €57,000 | €63,111 | +€6,111 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €11,232 | €7,006 | -€4,226 | -37.6% |
| Trade debts | 44 | €143 | €12,349 | +€12,206 | +8,556% |
| Suppliers | 440/4 | €143 | €12,349 | +€12,206 | +8,556% |
| Taxes, remuneration and social security | 45 | €5,270 | €6,921 | +€1,651 | +31.3% |
| Taxes | 450/3 | €2,346 | €2,492 | +€146 | +6.2% |
| Remuneration and social security | 454/9 | €2,924 | €4,429 | +€1,505 | +51.5% |
| Other amounts payable | 47/48 | €40,355 | €36,835 | -€3,520 | -8.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,092 | €83 | -€1,009 | -92.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,240 | €13,047 | -€2,193 | -14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,151 | - | +€1,151 | |
| Other operating charges | 640/8 | €1,487 | €4,010 | +€2,523 | +170% |
| Gross operating margin | 9900 | -€28,196 | -€9,793 | +€18,403 | +65.3% |
| Operating profit (loss) | 9901 | -€44,864 | -€26,933 | +€17,931 | +40.0% |
| Financial income | 75/76B | €25 | €31 | +€6 | +24.2% |
| Recurring financial income | 75 | €25 | €31 | +€6 | +24.2% |
| Financial charges | 65/66B | €282 | €375 | +€93 | +32.8% |
| Recurring financial charges | 65 | €282 | €375 | +€93 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,122 | -€27,277 | +€17,845 | +39.5% |
| Income taxes | 67/77 | €59 | €65 | +€6 | +9.3% |
| Profit (loss) for the period | 9904 | -€45,181 | -€27,342 | +€17,839 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,181 | -€27,342 | +€17,839 | +39.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.