Gerard UX: 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 UX
Largest movements
- Receivables within one year +€13,943
up €13,943 (+99.7%), from €13,979 to €27,922
of which Trade receivables: +€7,693
- Cash +€4,899
up €4,899 (+19.9%), from €24,586 to €29,485
mainly Net result for the year (+€10,965) and Trade debts (+€10,867)
- Tangible fixed assets +€3,622
up €3,622 (+99.7%), from €3,632 to €7,254
- Intangible fixed assets +€980
new in 2025: €980
- Reserves +€10,965
up €10,965 (+31.1%), from €35,258 to €46,223
- Trade debts +€10,867
up €10,867 (+1,089%), from €998 to €11,865
- Tax, wage and social debts +€1,237
up €1,237 (+22.4%), from €5,532 to €6,769
of which Remuneration and social security: +€2,418
- Gross operating margin -€27,379
down €27,379 (-58.9%), from €46,475 to €19,096
- Taxes -€5,282
down €5,282 (-56.3%), from €9,377 to €4,096
- Depreciation +€1,149
up €1,149 (+63.6%), from €1,808 to €2,957
- Financial charges +€1,095
up €1,095 (+1,566%), from €70 to €1,165
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 | €42,788 | €65,857 | +€23,069 | +53.9% |
| Formation expenses | 20 | €86 | €0 | -€86 | -100% |
| Fixed assets | 21/28 | €3,632 | €8,234 | +€4,602 | +127% |
| Intangible fixed assets | 21 | - | €980 | +€980 | |
| Tangible fixed assets | 22/27 | €3,632 | €7,254 | +€3,622 | +99.7% |
| Furniture and vehicles | 24 | €3,632 | €7,254 | +€3,622 | +99.7% |
| Current assets | 29/58 | €39,070 | €57,623 | +€18,553 | +47.5% |
| Amounts receivable within one year | 40/41 | €13,979 | €27,922 | +€13,943 | +99.7% |
| Trade receivables | 40 | €12,100 | €19,793 | +€7,693 | +63.6% |
| Other amounts receivable | 41 | €1,879 | €8,128 | +€6,250 | +333% |
| Cash at bank and in hand | 54/58 | €24,586 | €29,485 | +€4,899 | +19.9% |
| Deferred charges and accrued income | 490/1 | €506 | €216 | -€289 | -57.2% |
| Total equity and liabilities | 10/49 | €42,788 | €65,857 | +€23,069 | +53.9% |
| Equity | 10/15 | €36,258 | €47,223 | +€10,965 | +30.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €35,258 | €46,223 | +€10,965 | +31.1% |
| Distributable reserves | 133 | €35,258 | €46,223 | +€10,965 | +31.1% |
| Amounts payable | 17/49 | €6,530 | €18,634 | +€12,104 | +185% |
| Amounts payable within one year | 42/48 | €6,530 | €18,634 | +€12,104 | +185% |
| Trade debts | 44 | €998 | €11,865 | +€10,867 | +1,089% |
| Suppliers | 440/4 | €998 | €11,865 | +€10,867 | +1,089% |
| Taxes, remuneration and social security | 45 | €5,532 | €6,769 | +€1,237 | +22.4% |
| Taxes | 450/3 | €5,532 | €4,351 | -€1,181 | -21.4% |
| Remuneration and social security | 454/9 | - | €2,418 | +€2,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,808 | €2,957 | +€1,149 | +63.6% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €46,475 | €19,096 | -€27,379 | -58.9% |
| Operating profit (loss) | 9901 | €44,667 | €16,019 | -€28,648 | -64.1% |
| Financial income | 75/76B | €38 | €207 | +€168 | +443% |
| Recurring financial income | 75 | €38 | €207 | +€168 | +443% |
| Financial charges | 65/66B | €70 | €1,165 | +€1,095 | +1,566% |
| Recurring financial charges | 65 | €70 | €1,165 | +€1,095 | +1,566% |
| Profit (loss) for the period before taxes | 9903 | €44,635 | €15,061 | -€29,574 | -66.3% |
| Income taxes | 67/77 | €9,377 | €4,096 | -€5,282 | -56.3% |
| Profit (loss) for the period | 9904 | €35,258 | €10,965 | -€24,292 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,258 | €10,965 | -€24,292 | -68.9% |
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 14 October 2026 via checked.be.