GERAULT NOBELS: 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.
GERAULT NOBELS
Largest movements
- Receivables within one year +€23,776
up €23,776 (+178%), from €13,341 to €37,117
of which Other amounts receivable: +€14,596
- Cash +€4,142
up €4,142 (+25.0%), from €16,539 to €20,681
mainly Other debts (+€38,662) and Net result for the year (+€22,310)
- Tangible fixed assets -€2,000
down €2,000 (-55.5%), from €3,600 to €1,600
- Other debts +€38,662
new in 2025: €38,662
- Profit (loss) carried forward -€16,352
down €16,352 (-100%), from €16,352 to €0
- Tax, wage and social debts +€3,948
up €3,948 (+41.4%), from €9,528 to €13,476
- Gross operating margin +€8,543
up €8,543 (+36.5%), from €23,379 to €31,922
- Taxes +€1,655
up €1,655 (+36.2%), from €4,570 to €6,225
- Financial charges +€1,185
up €1,185 (+5,925,400%), from €0 to €1,185
- Financial income +€441
up €441, from €0 to €441
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 | €34,161 | €60,437 | +€26,276 | +76.9% |
| Fixed assets | 21/28 | €3,600 | €1,600 | -€2,000 | -55.5% |
| Tangible fixed assets | 22/27 | €3,600 | €1,600 | -€2,000 | -55.5% |
| Furniture and vehicles | 24 | €3,600 | €1,600 | -€2,000 | -55.5% |
| Current assets | 29/58 | €30,561 | €58,836 | +€28,276 | +92.5% |
| Amounts receivable within one year | 40/41 | €13,341 | €37,117 | +€23,776 | +178% |
| Trade receivables | 40 | €12,500 | €21,680 | +€9,180 | +73.4% |
| Other amounts receivable | 41 | €841 | €15,437 | +€14,596 | +1,736% |
| Cash at bank and in hand | 54/58 | €16,539 | €20,681 | +€4,142 | +25.0% |
| Deferred charges and accrued income | 490/1 | €681 | €1,038 | +€357 | +52.4% |
| Total equity and liabilities | 10/49 | €34,161 | €60,437 | +€26,276 | +76.9% |
| Equity | 10/15 | €24,621 | €8,269 | -€16,352 | -66.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,269 | €6,269 | = | 0.0% |
| Distributable reserves | 133 | €6,269 | €6,269 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,352 | €0 | -€16,352 | -100% |
| Amounts payable | 17/49 | €9,540 | €52,168 | +€42,628 | +447% |
| Amounts payable within one year | 42/48 | €9,540 | €52,168 | +€42,628 | +447% |
| Trade debts | 44 | €12 | €30 | +€18 | +151% |
| Suppliers | 440/4 | €12 | €30 | +€18 | +151% |
| Taxes, remuneration and social security | 45 | €9,528 | €13,476 | +€3,948 | +41.4% |
| Taxes | 450/3 | €9,528 | €13,476 | +€3,948 | +41.4% |
| Other amounts payable | 47/48 | - | €38,662 | +€38,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €457 | €644 | +€187 | +40.9% |
| Gross operating margin | 9900 | €23,379 | €31,922 | +€8,543 | +36.5% |
| Operating profit (loss) | 9901 | €20,922 | €29,279 | +€8,357 | +39.9% |
| Financial income | 75/76B | €0 | €441 | +€441 | |
| Recurring financial income | 75 | €0 | €441 | +€441 | |
| Financial charges | 65/66B | €0 | €1,185 | +€1,185 | +5,925,400% |
| Recurring financial charges | 65 | €0 | €1,185 | +€1,185 | +5,925,400% |
| Profit (loss) for the period before taxes | 9903 | €20,922 | €28,535 | +€7,613 | +36.4% |
| Income taxes | 67/77 | €4,570 | €6,225 | +€1,655 | +36.2% |
| Profit (loss) for the period | 9904 | €16,352 | €22,310 | +€5,958 | +36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,352 | €22,310 | +€5,958 | +36.4% |
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.