GERARD - REGIE: what changed
What changed
GERARD - REGIE
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€5,310
2024 · €9,260-€3,950
Equity
€20,090
2024 · €14,780+€5,310
Cash
€529
2024 · €1,826-€1,297
Balance sheet total
€172,419
2024 · €195,273-€22,855
Largest movements
Assets
- Receivables within one year -€14,403
down €14,403 (-8.1%), from €178,216 to €163,813
of which Other amounts receivable: -€7,834
- Tangible fixed assets -€7,155
down €7,155 (-47.0%), from €15,231 to €8,077
of which Plant, machinery and equipment: -€4,705
Equity and liabilities
- Trade debts -€46,942
down €46,942 (-43.2%), from €108,717 to €61,775
- Short-term financial debts +€18,358
up €18,358 (+50.0%), from €36,752 to €55,110
- Profit (loss) carried forward +€5,310
up €5,310 (+21.3%), from -€24,968 to -€19,658
- Current portion of long-term debt -€3,871
no longer reported in 2025 (was €3,871)
- Other debts +€3,200
up €3,200 (+12.6%), from €25,426 to €28,626
Income statement
- Gross operating margin -€60,337
down €60,337 (-31.5%), from €191,759 to €131,422
- Staff costs -€55,211
down €55,211 (-32.4%), from €170,369 to €115,158
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,260
Gross operating margin
-€60,337
Staff costs
+€55,211
Depreciation
+€1,340
Other operating charges
-€3
Financial income
-€0
Financial charges
-€161
Result 2025
€5,310
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€15,784
Investment
€0
Financing
+€14,487
Cash 2024
€1,826
From operations (derived)
-€15,784
Net result for the year
+€5,310
Depreciation
+€7,155
Receivables within one year
+€14,403
Trade debts
-€46,942
Tax, wage and social debts
+€1,091
Other debts
+€3,200
Financing
+€14,487
Current portion of long-term debt
-€3,871
Short-term financial debts
+€18,358
Cash 2025
€529
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,273 | €172,419 | -€22,855 | -11.7% |
| Fixed assets | 21/28 | €15,231 | €8,077 | -€7,155 | -47.0% |
| Tangible fixed assets | 22/27 | €15,231 | €8,077 | -€7,155 | -47.0% |
| Plant, machinery and equipment | 23 | €7,849 | €3,145 | -€4,705 | -59.9% |
| Furniture and vehicles | 24 | €1,739 | - | -€1,739 | |
| Other tangible fixed assets | 26 | €5,643 | €4,932 | -€711 | -12.6% |
| Current assets | 29/58 | €180,042 | €164,342 | -€15,700 | -8.7% |
| Amounts receivable within one year | 40/41 | €178,216 | €163,813 | -€14,403 | -8.1% |
| Trade receivables | 40 | €118,014 | €111,445 | -€6,569 | -5.6% |
| Other amounts receivable | 41 | €60,202 | €52,368 | -€7,834 | -13.0% |
| Cash at bank and in hand | 54/58 | €1,826 | €529 | -€1,297 | -71.0% |
| Total equity and liabilities | 10/49 | €195,273 | €172,419 | -€22,855 | -11.7% |
| Equity | 10/15 | €14,780 | €20,090 | +€5,310 | +35.9% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €17,437 | €17,437 | = | 0.0% |
| Distributable reserves | 133 | €17,437 | €17,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,968 | -€19,658 | +€5,310 | +21.3% |
| Amounts payable | 17/49 | €180,494 | €152,329 | -€28,165 | -15.6% |
| Amounts payable within one year | 42/48 | €180,494 | €152,329 | -€28,165 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €3,871 | - | -€3,871 | |
| Financial debts | 43 | €36,752 | €55,110 | +€18,358 | +50.0% |
| Credit institutions | 430/8 | €36,752 | €55,110 | +€18,358 | +50.0% |
| Trade debts | 44 | €108,717 | €61,775 | -€46,942 | -43.2% |
| Suppliers | 440/4 | €108,717 | €61,775 | -€46,942 | -43.2% |
| Taxes, remuneration and social security | 45 | €5,727 | €6,818 | +€1,091 | +19.0% |
| Remuneration and social security | 454/9 | €5,727 | €6,818 | +€1,091 | +19.0% |
| Other amounts payable | 47/48 | €25,426 | €28,626 | +€3,200 | +12.6% |
| Remuneration, social security and pensions | 62 | €170,369 | €115,158 | -€55,211 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,495 | €7,155 | -€1,340 | -15.8% |
| Other operating charges | 640/8 | €307 | €311 | +€3 | +1.0% |
| Gross operating margin | 9900 | €191,759 | €131,422 | -€60,337 | -31.5% |
| Operating profit (loss) | 9901 | €12,588 | €8,799 | -€3,789 | -30.1% |
| Financial income | 75/76B | €1 | €0 | -€0 | -53.9% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -53.9% |
| Financial charges | 65/66B | €3,329 | €3,490 | +€161 | +4.8% |
| Recurring financial charges | 65 | €3,329 | €3,490 | +€161 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €9,260 | €5,310 | -€3,950 | -42.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €9,260 | €5,310 | -€3,950 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,260 | €5,310 | -€3,950 | -42.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.