Gerco-Fas: what changed
What changed
Gerco-Fas
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€7,935
2024 · €5,690+€2,245
Equity
€98,380
2024 · €90,445+€7,935
Cash
€23,972
2024 · €114,214-€90,242
Balance sheet total
€3.0m
2024 · €1.9m+€1.1m
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+67.1%), from €1.8m to €3.0m
of which Trade receivables: +€691,496
- Cash -€90,242
down €90,242 (-79.0%), from €114,214 to €23,972
mainly Receivables within one year (-€1.2m) and Trade debts (-€67,348)
Equity and liabilities
- Other debts +€1.2m
up €1.2m (+89.7%), from €1.3m to €2.5m
- Trade debts -€67,348
down €67,348 (-16.7%), from €402,649 to €335,302
Income statement
- Gross operating margin -€863,727
down €863,727 (-61.2%), from €1.4m to €546,580
- Staff costs -€856,192
down €856,192 (-61.8%), from €1.4m to €529,782
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
€5,690
Gross operating margin
-€863,727
Staff costs
+€856,192
Depreciation
-€92
Other operating charges
+€2,946
Financial income
-€93
Financial charges
+€290
Taxes
+€6,729
Result 2025
€7,935
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
-€87,242
Investment
-€3,000
Financing
€0
Cash 2024
€114,214
From operations (derived)
-€87,242
Net result for the year
+€7,935
Depreciation
+€92
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€539
Trade debts
-€67,348
Tax, wage and social debts
-€27,433
Other debts
+€1.2m
Investment (derived)
-€3,000
Investment in fixed assets (net)
-€3,000
Cash 2025
€23,972
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,909,905 | €3,025,846 | +€1.1m | +58.4% |
| Fixed assets | 21/28 | €1,500 | €4,408 | +€2,908 | +194% |
| Tangible fixed assets | 22/27 | - | €2,908 | +€2,908 | |
| Furniture and vehicles | 24 | - | €2,908 | +€2,908 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,908,405 | €3,021,438 | +€1.1m | +58.3% |
| Amounts receivable within one year | 40/41 | €1,793,283 | €2,996,019 | +€1.2m | +67.1% |
| Trade receivables | 40 | €502,306 | €1,193,801 | +€691,496 | +138% |
| Other amounts receivable | 41 | €1,290,977 | €1,802,217 | +€511,240 | +39.6% |
| Cash at bank and in hand | 54/58 | €114,214 | €23,972 | -€90,242 | -79.0% |
| Deferred charges and accrued income | 490/1 | €908 | €1,447 | +€539 | +59.3% |
| Total equity and liabilities | 10/49 | €1,909,905 | €3,025,846 | +€1.1m | +58.4% |
| Equity | 10/15 | €90,445 | €98,380 | +€7,935 | +8.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €60,445 | €68,380 | +€7,935 | +13.1% |
| Distributable reserves | 133 | €60,445 | €68,380 | +€7,935 | +13.1% |
| Amounts payable | 17/49 | €1,819,460 | €2,927,466 | +€1.1m | +60.9% |
| Amounts payable within one year | 42/48 | €1,817,960 | €2,925,966 | +€1.1m | +60.9% |
| Trade debts | 44 | €402,649 | €335,302 | -€67,348 | -16.7% |
| Suppliers | 440/4 | €402,649 | €335,302 | -€67,348 | -16.7% |
| Taxes, remuneration and social security | 45 | €73,819 | €46,387 | -€27,433 | -37.2% |
| Taxes | 450/3 | €14,006 | €7,898 | -€6,108 | -43.6% |
| Remuneration and social security | 454/9 | €59,813 | €38,488 | -€21,325 | -35.7% |
| Other amounts payable | 47/48 | €1,341,492 | €2,544,278 | +€1.2m | +89.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,385,974 | €529,782 | -€856,192 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €92 | +€92 | |
| Other operating charges | 640/8 | €5,248 | €2,302 | -€2,946 | -56.1% |
| Gross operating margin | 9900 | €1,410,307 | €546,580 | -€863,727 | -61.2% |
| Operating profit (loss) | 9901 | €19,085 | €14,404 | -€4,681 | -24.5% |
| Financial income | 75/76B | €93 | €0 | -€93 | -100.0% |
| Recurring financial income | 75 | €93 | €0 | -€93 | -100.0% |
| Financial charges | 65/66B | €440 | €150 | -€290 | -65.9% |
| Recurring financial charges | 65 | €440 | €150 | -€290 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €18,738 | €14,254 | -€4,484 | -23.9% |
| Income taxes | 67/77 | €13,048 | €6,319 | -€6,729 | -51.6% |
| Profit (loss) for the period | 9904 | €5,690 | €7,935 | +€2,245 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,690 | €7,935 | +€2,245 | +39.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.