GERARD VENTURES: 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 VENTURES
Largest movements
- Tangible fixed assets +€318,222
up €318,222 (+378%), from €84,230 to €402,452
of which Land and buildings: +€328,771
- Cash +€122,045
up €122,045 (+725%), from €16,845 to €138,890
mainly Debts after one year (+€196,290) and Other debts (+€116,443)
- Receivables within one year -€66,534
down €66,534 (-47.0%), from €141,647 to €75,113
of which Other amounts receivable: -€60,485
- Financial fixed assets +€26,858
up €26,858 (+65.4%), from €41,042 to €67,900
- Receivables after one year +€25,000
new in 2024: €25,000
- Debts after one year +€196,290
up €196,290 (+604%), from €32,502 to €228,792
- Other debts +€116,443
new in 2024: €116,443
- Trade debts +€100,162
up €100,162 (+826%), from €12,121 to €112,283
- Short-term financial debts +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Reserves -€19,596
down €19,596 (-32.7%), from €60,000 to €40,404
of which Distributable reserves: -€19,596
- Gross operating margin -€28,577
down €28,577 (-42.6%), from €67,010 to €38,433
- Financial charges +€16,072
up €16,072 (+188%), from €8,537 to €24,609
- Financial income -€3,561
down €3,561 (-56.9%), from €6,261 to €2,700
- Taxes -€2,830
down €2,830 (-49.1%), from €5,765 to €2,935
- Other operating charges +€1,130
up €1,130 (+150%), from €751 to €1,882
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,617 | €713,881 | +€423,264 | +146% |
| Fixed assets | 21/28 | €125,272 | €470,353 | +€345,080 | +275% |
| Tangible fixed assets | 22/27 | €84,230 | €402,452 | +€318,222 | +378% |
| Land and buildings | 22 | - | €328,771 | +€328,771 | |
| Furniture and vehicles | 24 | €24,966 | €31,120 | +€6,153 | +24.6% |
| Leasing and similar rights | 25 | €43,763 | €27,146 | -€16,617 | -38.0% |
| Other tangible fixed assets | 26 | €15,500 | €15,416 | -€84 | -0.5% |
| Financial fixed assets | 28 | €41,042 | €67,900 | +€26,858 | +65.4% |
| Current assets | 29/58 | €165,345 | €243,528 | +€78,184 | +47.3% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €141,647 | €75,113 | -€66,534 | -47.0% |
| Trade receivables | 40 | €68,458 | €62,408 | -€6,050 | -8.8% |
| Other amounts receivable | 41 | €73,189 | €12,705 | -€60,485 | -82.6% |
| Cash at bank and in hand | 54/58 | €16,845 | €138,890 | +€122,045 | +725% |
| Deferred charges and accrued income | 490/1 | €6,853 | €4,526 | -€2,327 | -34.0% |
| Total equity and liabilities | 10/49 | €290,617 | €713,881 | +€423,264 | +146% |
| Equity | 10/15 | €110,237 | €90,404 | -€19,833 | -18.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €40,404 | -€19,596 | -32.7% |
| Non-distributable reserves | 130/1 | €37,438 | €37,438 | = | 0.0% |
| Other | 1319 | €37,438 | €37,438 | = | 0.0% |
| Distributable reserves | 133 | €22,562 | €2,966 | -€19,596 | -86.9% |
| Profit (loss) carried forward | 14 | €237 | - | -€237 | |
| Amounts payable | 17/49 | €180,381 | €623,477 | +€443,097 | +246% |
| Amounts payable after more than one year | 17 | €32,502 | €228,792 | +€196,290 | +604% |
| Financial debts | 170/4 | €32,502 | €228,792 | +€196,290 | +604% |
| Amounts payable within one year | 42/48 | €147,879 | €393,281 | +€245,402 | +166% |
| Current portion of amounts payable after more than one year | 42 | €26,333 | €28,712 | +€2,379 | +9.0% |
| Financial debts | 43 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Credit institutions | 430/8 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Trade debts | 44 | €12,121 | €112,283 | +€100,162 | +826% |
| Suppliers | 440/4 | €12,121 | €112,283 | +€100,162 | +826% |
| Taxes, remuneration and social security | 45 | €9,425 | €10,842 | +€1,417 | +15.0% |
| Taxes | 450/3 | €9,425 | €10,842 | +€1,417 | +15.0% |
| Other amounts payable | 47/48 | - | €116,443 | +€116,443 | |
| Accrued charges and deferred income | 492/3 | - | €1,405 | +€1,405 | |
| Non-recurring operating income | 76A | €24,024 | €4,801 | -€19,223 | -80.0% |
| Remuneration, social security and pensions | 62 | -€510 | - | +€510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,848 | €27,842 | -€6 | 0.0% |
| Other operating charges | 640/8 | €751 | €1,882 | +€1,130 | +150% |
| Non-recurring operating charges | 66A | €8,081 | €3,698 | -€4,383 | -54.2% |
| Gross operating margin | 9900 | €67,010 | €38,433 | -€28,577 | -42.6% |
| Operating profit (loss) | 9901 | €30,840 | €5,011 | -€25,829 | -83.8% |
| Financial income | 75/76B | €6,261 | €2,700 | -€3,561 | -56.9% |
| Recurring financial income | 75 | €6,261 | €2,700 | -€3,561 | -56.9% |
| Financial charges | 65/66B | €8,537 | €24,609 | +€16,072 | +188% |
| Recurring financial charges | 65 | €8,537 | €24,609 | +€16,072 | +188% |
| Profit (loss) for the period before taxes | 9903 | €28,564 | -€16,898 | -€45,462 | |
| Income taxes | 67/77 | €5,765 | €2,935 | -€2,830 | -49.1% |
| Profit (loss) for the period | 9904 | €22,799 | -€19,833 | -€42,632 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,799 | -€19,833 | -€42,632 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.