GERARD BRICE: 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.
GERARD BRICE
Largest movements
- Cash +€29,096
up €29,096 (+39.8%), from €73,037 to €102,133
mainly Net result for the year (+€38,507) and Tax, wage and social debts (+€7,692)
- Receivables within one year +€21,304
up €21,304 (+31.6%), from €67,422 to €88,725
of which Trade receivables: +€22,316
- Reserves +€38,500
up €38,500 (+50.5%), from €76,300 to €114,800
- Tax, wage and social debts +€7,692
up €7,692 (+65.4%), from €11,764 to €19,456
of which Taxes: +€7,692
- Other debts +€2,988
up €2,988 (+10.1%), from €29,650 to €32,638
- Accrued charges and deferred income -€2,906
down €2,906 (-85.6%), from €3,396 to €490
- Trade debts +€2,460
up €2,460 (+48.1%), from €5,119 to €7,579
- Gross operating margin +€23,036
up €23,036 (+64.8%), from €35,575 to €58,611
- Taxes +€4,561
up €4,561 (+38.9%), from €11,716 to €16,277
- Staff costs +€1,110
up €1,110, from -€1,110 to €0
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 | €149,165 | €197,906 | +€48,742 | +32.7% |
| Fixed assets | 21/28 | €4,939 | €3,510 | -€1,429 | -28.9% |
| Tangible fixed assets | 22/27 | €4,814 | €3,328 | -€1,486 | -30.9% |
| Plant, machinery and equipment | 23 | €3,717 | €2,813 | -€904 | -24.3% |
| Furniture and vehicles | 24 | €1,097 | €515 | -€582 | -53.0% |
| Financial fixed assets | 28 | €125 | €182 | +€57 | +45.9% |
| Current assets | 29/58 | €144,226 | €194,396 | +€50,170 | +34.8% |
| Amounts receivable within one year | 40/41 | €67,422 | €88,725 | +€21,304 | +31.6% |
| Trade receivables | 40 | €58,295 | €80,611 | +€22,316 | +38.3% |
| Other amounts receivable | 41 | €9,127 | €8,114 | -€1,013 | -11.1% |
| Cash at bank and in hand | 54/58 | €73,037 | €102,133 | +€29,096 | +39.8% |
| Deferred charges and accrued income | 490/1 | €3,767 | €3,538 | -€229 | -6.1% |
| Total equity and liabilities | 10/49 | €149,165 | €197,906 | +€48,742 | +32.7% |
| Equity | 10/15 | €99,236 | €137,743 | +€38,507 | +38.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €76,300 | €114,800 | +€38,500 | +50.5% |
| Distributable reserves | 133 | €76,300 | €114,800 | +€38,500 | +50.5% |
| Profit (loss) carried forward | 14 | €14,876 | €14,883 | +€7 | 0.0% |
| Amounts payable | 17/49 | €49,929 | €60,163 | +€10,234 | +20.5% |
| Amounts payable within one year | 42/48 | €46,533 | €59,673 | +€13,140 | +28.2% |
| Trade debts | 44 | €5,119 | €7,579 | +€2,460 | +48.1% |
| Suppliers | 440/4 | €5,119 | €7,579 | +€2,460 | +48.1% |
| Taxes, remuneration and social security | 45 | €11,764 | €19,456 | +€7,692 | +65.4% |
| Taxes | 450/3 | €11,764 | €19,456 | +€7,692 | +65.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €29,650 | €32,638 | +€2,988 | +10.1% |
| Accrued charges and deferred income | 492/3 | €3,396 | €490 | -€2,906 | -85.6% |
| Remuneration, social security and pensions | 62 | -€1,110 | €0 | +€1,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,110 | €2,426 | +€317 | +15.0% |
| Other operating charges | 640/8 | €1,309 | €1,261 | -€48 | -3.7% |
| Gross operating margin | 9900 | €35,575 | €58,611 | +€23,036 | +64.8% |
| Operating profit (loss) | 9901 | €33,267 | €54,924 | +€21,657 | +65.1% |
| Financial income | 75/76B | €1 | €9 | +€8 | +925% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +925% |
| Financial charges | 65/66B | €159 | €148 | -€11 | -6.6% |
| Recurring financial charges | 65 | €159 | €148 | -€11 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €33,109 | €54,784 | +€21,676 | +65.5% |
| Income taxes | 67/77 | €11,716 | €16,277 | +€4,561 | +38.9% |
| Profit (loss) for the period | 9904 | €21,393 | €38,507 | +€17,114 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,393 | €38,507 | +€17,114 | +80.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.