Gercy-Beheer: 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.
What changed
Gercy-Beheer
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,978
2024 · -€49,702+€75,680
Equity
€428,298
2024 · €402,320+€25,978
Cash
€5,729
2024 · €2,390+€3,339
Balance sheet total
€2.0m
2024 · €2.1m-€69,955
Largest movements
Assets
- Tangible fixed assets -€60,777
down €60,777 (-3.0%), from €2.0m to €2.0m
Equity and liabilities
- Debts after one year -€64,017
down €64,017 (-5.2%), from €1.2m to €1.2m
- Other debts -€49,773
down €49,773 (-28.0%), from €177,812 to €128,040
- Reserves +€25,978
up €25,978 (+6.9%), from €376,479 to €402,457
of which Distributable reserves: +€36,511
- Trade debts +€24,389
up €24,389 (+610%), from €4,000 to €28,389
Income statement
- Gross operating margin +€99,240
up €99,240 (+101%), from €98,141 to €197,381
- Taxes +€17,406
new in 2025: €17,406
- Depreciation +€8,794
up €8,794 (+8.3%), from €106,238 to €115,033
- Financial charges +€3,299
up €3,299 (+8.3%), from €39,753 to €43,052
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.
Result 2024
-€49,702
Gross operating margin
+€99,240
Depreciation
-€8,794
Other operating charges
-€1,714
Financial income
+€8
Financial charges
-€3,299
Taxes
-€17,406
Deferred taxes and other
+€7,645
Result 2025
€25,978
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€127,835
Investment
-€54,256
Financing
-€70,241
Cash 2024
€2,390
From operations (derived)
+€127,835
Net result for the year
+€25,978
Depreciation
+€115,033
Receivables within one year
+€12,517
Provisions
-€17,714
Trade debts
+€24,389
Tax, wage and social debts
+€17,406
Other debts
-€49,773
Investment (derived)
-€54,256
Investment in fixed assets (net)
-€54,256
Financing
-€70,241
Debts after one year
-€64,017
Current portion of long-term debt
-€2,210
Short-term financial debts
-€4,014
Cash 2025
€5,729
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,055,089 | €1,985,134 | -€69,955 | -3.4% |
| Fixed assets | 21/28 | €2,033,646 | €1,972,869 | -€60,777 | -3.0% |
| Tangible fixed assets | 22/27 | €2,033,646 | €1,972,869 | -€60,777 | -3.0% |
| Land and buildings | 22 | €2,033,646 | €1,972,869 | -€60,777 | -3.0% |
| Current assets | 29/58 | €21,442 | €12,264 | -€9,178 | -42.8% |
| Amounts receivable within one year | 40/41 | €19,052 | €6,535 | -€12,517 | -65.7% |
| Trade receivables | 40 | €1,252 | €5,300 | +€4,048 | +323% |
| Other amounts receivable | 41 | €17,800 | €1,235 | -€16,565 | -93.1% |
| Cash at bank and in hand | 54/58 | €2,390 | €5,729 | +€3,339 | +140% |
| Total equity and liabilities | 10/49 | €2,055,089 | €1,985,134 | -€69,955 | -3.4% |
| Equity | 10/15 | €402,320 | €428,298 | +€25,978 | +6.5% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €376,479 | €402,457 | +€25,978 | +6.9% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €200,531 | €189,998 | -€10,533 | -5.3% |
| Distributable reserves | 133 | €169,549 | €206,059 | +€36,511 | +21.5% |
| Profit (loss) carried forward | 14 | -€38,159 | -€38,159 | = | 0.0% |
| Provisions and deferred taxes | 16 | €103,258 | €85,544 | -€17,714 | -17.2% |
| Deferred taxes | 168 | €103,258 | €85,544 | -€17,714 | -17.2% |
| Amounts payable | 17/49 | €1,549,511 | €1,471,292 | -€78,219 | -5.0% |
| Amounts payable after more than one year | 17 | €1,233,654 | €1,169,637 | -€64,017 | -5.2% |
| Financial debts | 170/4 | €1,233,654 | €1,169,637 | -€64,017 | -5.2% |
| Amounts payable within one year | 42/48 | €315,857 | €301,655 | -€14,202 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €130,030 | €127,821 | -€2,210 | -1.7% |
| Financial debts | 43 | €4,014 | €0 | -€4,014 | -100% |
| Credit institutions | 430/8 | €4,014 | €0 | -€4,014 | -100% |
| Trade debts | 44 | €4,000 | €28,389 | +€24,389 | +610% |
| Suppliers | 440/4 | €4,000 | €28,389 | +€24,389 | +610% |
| Taxes, remuneration and social security | 45 | - | €17,406 | +€17,406 | |
| Taxes | 450/3 | - | €17,406 | +€17,406 | |
| Other amounts payable | 47/48 | €177,812 | €128,040 | -€49,773 | -28.0% |
| Non-recurring operating income | 76A | - | €100,268 | +€100,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,238 | €115,033 | +€8,794 | +8.3% |
| Other operating charges | 640/8 | €11,921 | €13,635 | +€1,714 | +14.4% |
| Gross operating margin | 9900 | €98,141 | €197,381 | +€99,240 | +101% |
| Operating profit (loss) | 9901 | -€20,018 | €68,714 | +€88,732 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €39,753 | €43,052 | +€3,299 | +8.3% |
| Recurring financial charges | 65 | €39,753 | €43,052 | +€3,299 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€59,771 | €25,670 | +€85,441 | |
| Transfer from deferred taxes | 780 | €10,069 | €42,781 | +€32,712 | +325% |
| Transfer to deferred taxes | 680 | - | €25,067 | +€25,067 | |
| Income taxes | 67/77 | - | €17,406 | +€17,406 | |
| Profit (loss) for the period | 9904 | -€49,702 | €25,978 | +€75,680 | |
| Transfer from tax-exempt reserves | 789 | €19,555 | €85,734 | +€66,179 | +338% |
| Transfer to tax-exempt reserves | 689 | - | €75,201 | +€75,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,147 | €36,511 | +€66,658 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.