GÉRARD ELECTRO: 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.
GÉRARD ELECTRO
Largest movements
- Cash +€11,664
up €11,664 (+24.6%), from €47,338 to €59,003
mainly Net result for the year (+€16,436) and Depreciation (+€13,340)
- Tangible fixed assets +€10,654
up €10,654 (+28.1%), from €37,877 to €48,531
- Intangible fixed assets -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Receivables within one year +€3,101
up €3,101 (+224%), from €1,386 to €4,487
of which Trade receivables: +€1,796
- Reserves +€16,436
up €16,436 (+65.0%), from €25,301 to €41,737
- Trade debts +€1,942
up €1,942 (+488%), from €398 to €2,340
- Tax, wage and social debts +€1,592
up €1,592 (+36.5%), from €4,364 to €5,957
of which Taxes: +€1,592
- Gross operating margin +€14,390
up €14,390 (+63.0%), from €22,846 to €37,236
- Taxes +€5,025
up €5,025 (+387%), from €1,298 to €6,323
- Depreciation -€4,185
down €4,185 (-23.9%), from €17,524 to €13,340
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 | €99,104 | €119,308 | +€20,204 | +20.4% |
| Fixed assets | 21/28 | €47,876 | €53,531 | +€5,654 | +11.8% |
| Intangible fixed assets | 21 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Tangible fixed assets | 22/27 | €37,877 | €48,531 | +€10,654 | +28.1% |
| Furniture and vehicles | 24 | €37,877 | €48,531 | +€10,654 | +28.1% |
| Current assets | 29/58 | €51,228 | €65,778 | +€14,550 | +28.4% |
| Stocks and contracts in progress | 3 | €1,822 | €2,254 | +€432 | +23.7% |
| Stocks | 30/36 | €1,822 | €2,254 | +€432 | +23.7% |
| Amounts receivable within one year | 40/41 | €1,386 | €4,487 | +€3,101 | +224% |
| Trade receivables | 40 | €184 | €1,980 | +€1,796 | +979% |
| Other amounts receivable | 41 | €1,202 | €2,507 | +€1,305 | +109% |
| Cash at bank and in hand | 54/58 | €47,338 | €59,003 | +€11,664 | +24.6% |
| Deferred charges and accrued income | 490/1 | €681 | €34 | -€648 | -95.1% |
| Total equity and liabilities | 10/49 | €99,104 | €119,308 | +€20,204 | +20.4% |
| Equity | 10/15 | €59,413 | €75,849 | +€16,436 | +27.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €25,301 | €41,737 | +€16,436 | +65.0% |
| Distributable reserves | 133 | €25,301 | €41,737 | +€16,436 | +65.0% |
| Profit (loss) carried forward | 14 | €13,651 | €13,651 | = | 0.0% |
| Amounts payable | 17/49 | €39,691 | €43,460 | +€3,768 | +9.5% |
| Amounts payable within one year | 42/48 | €39,691 | €43,460 | +€3,768 | +9.5% |
| Trade debts | 44 | €398 | €2,340 | +€1,942 | +488% |
| Suppliers | 440/4 | €398 | €2,340 | +€1,942 | +488% |
| Taxes, remuneration and social security | 45 | €4,364 | €5,957 | +€1,592 | +36.5% |
| Taxes | 450/3 | €2,864 | €4,457 | +€1,592 | +55.6% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €34,929 | €35,163 | +€234 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,524 | €13,340 | -€4,185 | -23.9% |
| Other operating charges | 640/8 | €669 | €879 | +€210 | +31.4% |
| Gross operating margin | 9900 | €22,846 | €37,236 | +€14,390 | +63.0% |
| Operating profit (loss) | 9901 | €4,653 | €23,017 | +€18,364 | +395% |
| Financial income | 75/76B | €319 | €40 | -€279 | -87.6% |
| Recurring financial income | 75 | €319 | €40 | -€279 | -87.6% |
| Financial charges | 65/66B | €214 | €298 | +€84 | +39.5% |
| Recurring financial charges | 65 | €214 | €298 | +€84 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €4,758 | €22,759 | +€18,001 | +378% |
| Income taxes | 67/77 | €1,298 | €6,323 | +€5,025 | +387% |
| Profit (loss) for the period | 9904 | €3,460 | €16,436 | +€12,976 | +375% |
| Profit (loss) for the period to be appropriated | 9905 | €3,460 | €16,436 | +€12,976 | +375% |
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 18 October 2026 via checked.be.