GERARD & CO: 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.
GERARD & CO
Largest movements
- Receivables after one year -€640,000
down €640,000 (-52.4%), from €1.2m to €581,400
- Financial fixed assets -€617,000
down €617,000 (-22.1%), from €2.8m to €2.2m
- Receivables within one year +€384,708
up €384,708 (+80.0%), from €481,100 to €865,808
of which Other amounts receivable: +€221,000
- Profit (loss) carried forward -€571,234
new in 2025: -€571,234
- Other debts -€429,720
down €429,720 (-10.9%), from €4.0m to €3.5m
- Trade debts +€104,935
new in 2025: €104,935
- Financial charges +€616,968
up €616,968 (+995109.7%), from €62 to €617,030
of which Non-recurring financial charges: +€617,000
- Gross operating margin +€40,672
up €40,672 (+418.4%), from €9,722 to €50,394
- Taxes +€10,639
up €10,639 (+135.3%), from €7,866 to €18,505
- Financial income +€5,328
up €5,328 (+35.5%), from €15,000 to €20,328
of which Non-recurring financial income: +€5,328
- Staff costs +€4,924
new in 2025: €4,924
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 | €4,520,403 | €3,649,607 | -€870,796 | -19.3% |
| Fixed assets | 21/28 | €2,793,076 | €2,176,076 | -€617,000 | -22.1% |
| Financial fixed assets | 28 | €2,793,076 | €2,176,076 | -€617,000 | -22.1% |
| Current assets | 29/58 | €1,727,327 | €1,473,531 | -€253,796 | -14.7% |
| Amounts receivable after more than one year | 29 | €1,221,400 | €581,400 | -€640,000 | -52.4% |
| Other amounts receivable | 291 | €1,221,400 | €581,400 | -€640,000 | -52.4% |
| Amounts receivable within one year | 40/41 | €481,100 | €865,808 | +€384,708 | +80.0% |
| Trade receivables | 40 | €24,200 | €187,908 | +€163,708 | +676.5% |
| Other amounts receivable | 41 | €456,900 | €677,900 | +€221,000 | +48.4% |
| Cash at bank and in hand | 54/58 | €9,827 | €11,323 | +€1,496 | +15.2% |
| Deferred charges and accrued income | 490/1 | €15,000 | €15,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,520,403 | €3,649,607 | -€870,796 | -19.3% |
| Equity | 10/15 | €46,266 | -€524,968 | -€571,234 | |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €34,266 | €34,266 | = | 0.0% |
| Distributable reserves | 133 | €34,266 | €34,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€571,234 | -€571,234 | |
| Amounts payable | 17/49 | €4,474,137 | €4,174,575 | -€299,562 | -6.7% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,974,137 | €3,674,575 | -€299,562 | -7.5% |
| Trade debts | 44 | - | €104,935 | +€104,935 | |
| Suppliers | 440/4 | - | €104,935 | +€104,935 | |
| Taxes, remuneration and social security | 45 | €19,952 | €45,175 | +€25,223 | +126.4% |
| Taxes | 450/3 | €19,952 | €45,175 | +€25,223 | +126.4% |
| Other amounts payable | 47/48 | €3,954,185 | €3,524,465 | -€429,720 | -10.9% |
| Remuneration, social security and pensions | 62 | - | €4,924 | +€4,924 | |
| Other operating charges | 640/8 | - | €1,497 | +€1,497 | |
| Gross operating margin | 9900 | €9,722 | €50,394 | +€40,672 | +418.4% |
| Operating profit (loss) | 9901 | €9,722 | €43,973 | +€34,251 | +352.3% |
| Financial income | 75/76B | €15,000 | €20,328 | +€5,328 | +35.5% |
| Recurring financial income | 75 | €15,000 | €15,000 | = | 0.0% |
| Non-recurring financial income | 76B | - | €5,328 | +€5,328 | |
| Financial charges | 65/66B | €62 | €617,030 | +€616,968 | +995109.7% |
| Recurring financial charges | 65 | €62 | €30 | -€32 | -51.6% |
| Non-recurring financial charges | 66B | - | €617,000 | +€617,000 | |
| Profit (loss) for the period before taxes | 9903 | €24,660 | -€552,729 | -€577,389 | |
| Income taxes | 67/77 | €7,866 | €18,505 | +€10,639 | +135.3% |
| Profit (loss) for the period | 9904 | €16,794 | -€571,234 | -€588,028 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,794 | -€571,234 | -€588,028 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.