Gerant: what changed
Two fiscal 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.
Gerant
Largest movements
- Tangible fixed assets +€2.1m
up €2.1m (+7616.1%), from €27,271 to €2.1m
of which Land and buildings: +€2.1m
- Current investments +€300,000
new in 2025: €300,000
- Receivables within one year -€49,292
down €49,292 (-32.5%), from €151,516 to €102,224
of which Trade receivables: -€66,351
- Cash -€34,231
down €34,231 (-42.6%), from €80,410 to €46,178
mainly Investment in fixed assets (net) (-€2.1m) and Current investments (-€300,000)
- Debts after one year +€1.9m
new in 2025: €1.9m
- Other debts +€405,221
up €405,221 (+507.9%), from €79,779 to €485,000
- Trade debts +€40,436
up €40,436 (+186.3%), from €21,704 to €62,140
- Gross operating margin -€86,068
down €86,068 (-64.7%), from €133,064 to €46,996
- Taxes -€26,651
down €26,651 (-77.9%), from €34,196 to €7,545
- Financial charges +€15,156
up €15,156 (+4135.6%), from €366 to €15,523
- Other operating charges +€2,983
up €2,983 (+593.7%), from €502 to €3,485
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.
Cash bridge derived
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 | €260,196 | €2,568,601 | +€2.3m | +887.2% |
| Fixed assets | 21/28 | €27,271 | €2,104,243 | +€2.1m | +7616.1% |
| Tangible fixed assets | 22/27 | €27,271 | €2,104,243 | +€2.1m | +7616.1% |
| Land and buildings | 22 | - | €2,079,975 | +€2.1m | |
| Furniture and vehicles | 24 | €27,271 | €24,268 | -€3,003 | -11.0% |
| Current assets | 29/58 | €232,925 | €464,358 | +€231,432 | +99.4% |
| Amounts receivable within one year | 40/41 | €151,516 | €102,224 | -€49,292 | -32.5% |
| Trade receivables | 40 | €143,504 | €77,152 | -€66,351 | -46.2% |
| Other amounts receivable | 41 | €8,012 | €25,071 | +€17,059 | +212.9% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €80,410 | €46,178 | -€34,231 | -42.6% |
| Deferred charges and accrued income | 490/1 | €1,000 | €15,956 | +€14,956 | +1495.6% |
| Total equity and liabilities | 10/49 | €260,196 | €2,568,601 | +€2.3m | +887.2% |
| Equity | 10/15 | €158,612 | €170,822 | +€12,210 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,012 | €152,222 | +€12,210 | +8.7% |
| Distributable reserves | 133 | €140,012 | €152,222 | +€12,210 | +8.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €101,584 | €2,397,779 | +€2.3m | +2260.4% |
| Amounts payable after more than one year | 17 | - | €1,850,000 | +€1.9m | |
| Financial debts | 170/4 | - | €1,850,000 | +€1.9m | |
| Amounts payable within one year | 42/48 | €101,584 | €547,779 | +€446,195 | +439.2% |
| Financial debts | 43 | €101 | €639 | +€538 | +532.0% |
| Credit institutions | 430/8 | €101 | €639 | +€538 | +532.0% |
| Trade debts | 44 | €21,704 | €62,140 | +€40,436 | +186.3% |
| Suppliers | 440/4 | €21,704 | €62,140 | +€40,436 | +186.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €79,779 | €485,000 | +€405,221 | +507.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,573 | €3,003 | -€569 | -15.9% |
| Other operating charges | 640/8 | €502 | €3,485 | +€2,983 | +593.7% |
| Gross operating margin | 9900 | €133,064 | €46,996 | -€86,068 | -64.7% |
| Operating profit (loss) | 9901 | €128,989 | €40,508 | -€88,481 | -68.6% |
| Financial income | 75/76B | €0 | €70 | +€70 | |
| Recurring financial income | 75 | €0 | €70 | +€70 | |
| Financial charges | 65/66B | €366 | €15,523 | +€15,156 | +4135.6% |
| Recurring financial charges | 65 | €366 | €15,523 | +€15,156 | +4135.6% |
| Profit (loss) for the period before taxes | 9903 | €128,623 | €25,055 | -€103,568 | -80.5% |
| Income taxes | 67/77 | €34,196 | €7,545 | -€26,651 | -77.9% |
| Profit (loss) for the period | 9904 | €94,427 | €17,510 | -€76,917 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,427 | €17,510 | -€76,917 | -81.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.