GERARDI Sylvia: 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.
GERARDI Sylvia
Largest movements
- Receivables within one year -€12,526
down €12,526 (-75.5%), from €16,595 to €4,069
of which Other amounts receivable: -€11,111
- Cash +€9,510
up €9,510 (+19.5%), from €48,762 to €58,273
mainly Net result for the year (+€28,294) and Receivables within one year (+€12,526)
- Tangible fixed assets +€2,218
up €2,218 (+44.3%), from €5,002 to €7,219
of which Land and buildings: +€2,096
- Deferred charges and accrued income -€1,393
down €1,393 (-49.7%), from €2,806 to €1,412
- Current portion of long-term debt -€8,048
no longer reported in 2025 (was €8,048)
- Other debts +€7,735
up €7,735 (+65.2%), from €11,863 to €19,598
- Tax, wage and social debts +€5,180
up €5,180 (+830%), from €624 to €5,804
- Debts after one year -€4,051
no longer reported in 2025 (was €4,051)
- Reserves -€3,358
down €3,358 (-8.2%), from €40,888 to €37,530
of which Distributable reserves: -€3,358
- Gross operating margin +€32,004
up €32,004 (+243%), from €13,174 to €45,178
- Taxes +€9,303
up €9,303 (+320%), from €2,907 to €12,210
- Other operating charges +€1,455
up €1,455 (+188%), from €773 to €2,228
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 | €73,165 | €70,973 | -€2,191 | -3.0% |
| Fixed assets | 21/28 | €5,002 | €7,219 | +€2,218 | +44.3% |
| Tangible fixed assets | 22/27 | €5,002 | €7,219 | +€2,218 | +44.3% |
| Land and buildings | 22 | €716 | €2,812 | +€2,096 | +293% |
| Furniture and vehicles | 24 | €4,286 | €4,408 | +€122 | +2.8% |
| Current assets | 29/58 | €68,163 | €63,754 | -€4,409 | -6.5% |
| Amounts receivable within one year | 40/41 | €16,595 | €4,069 | -€12,526 | -75.5% |
| Trade receivables | 40 | €5,484 | €4,069 | -€1,415 | -25.8% |
| Other amounts receivable | 41 | €11,111 | - | -€11,111 | |
| Cash at bank and in hand | 54/58 | €48,762 | €58,273 | +€9,510 | +19.5% |
| Deferred charges and accrued income | 490/1 | €2,806 | €1,412 | -€1,393 | -49.7% |
| Total equity and liabilities | 10/49 | €73,165 | €70,973 | -€2,191 | -3.0% |
| Equity | 10/15 | €44,685 | €41,327 | -€3,358 | -7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €40,888 | €37,530 | -€3,358 | -8.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,028 | €35,670 | -€3,358 | -8.6% |
| Profit (loss) carried forward | 14 | -€8,603 | -€8,603 | = | 0.0% |
| Amounts payable | 17/49 | €28,480 | €29,647 | +€1,167 | +4.1% |
| Amounts payable after more than one year | 17 | €4,051 | - | -€4,051 | |
| Financial debts | 170/4 | €4,051 | - | -€4,051 | |
| Amounts payable within one year | 42/48 | €24,359 | €29,647 | +€5,288 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €8,048 | - | -€8,048 | |
| Trade debts | 44 | €3,823 | €4,245 | +€422 | +11.0% |
| Suppliers | 440/4 | €3,823 | €4,245 | +€422 | +11.0% |
| Taxes, remuneration and social security | 45 | €624 | €5,804 | +€5,180 | +830% |
| Taxes | 450/3 | €624 | €5,804 | +€5,180 | +830% |
| Other amounts payable | 47/48 | €11,863 | €19,598 | +€7,735 | +65.2% |
| Accrued charges and deferred income | 492/3 | €70 | - | -€70 | |
| Non-recurring operating income | 76A | €229 | - | -€229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,943 | €2,339 | +€395 | +20.3% |
| Other operating charges | 640/8 | €773 | €2,228 | +€1,455 | +188% |
| Gross operating margin | 9900 | €13,174 | €45,178 | +€32,004 | +243% |
| Operating profit (loss) | 9901 | €10,458 | €40,612 | +€30,154 | +288% |
| Financial income | 75/76B | €9 | €9 | -€0 | -0.1% |
| Recurring financial income | 75 | €9 | €9 | -€0 | -0.1% |
| Financial charges | 65/66B | €184 | €116 | -€68 | -36.8% |
| Recurring financial charges | 65 | €184 | €116 | -€68 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €10,283 | €40,505 | +€30,222 | +294% |
| Income taxes | 67/77 | €2,907 | €12,210 | +€9,303 | +320% |
| Profit (loss) for the period | 9904 | €7,376 | €28,294 | +€20,919 | +284% |
| Profit (loss) for the period to be appropriated | 9905 | €7,376 | €28,294 | +€20,919 | +284% |
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 22 October 2026 via checked.be.