GERDY & JOKE: 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.
GERDY & JOKE
Largest movements
- Cash +€85,995
up €85,995 (+81.9%), from €104,973 to €190,967
mainly Receivables within one year (+€45,778) and Depreciation (+€28,780)
- Receivables within one year -€45,778
down €45,778 (-70.4%), from €65,007 to €19,229
of which Trade receivables: -€42,441
- Tangible fixed assets -€10,520
down €10,520 (-3.8%), from €273,569 to €263,049
of which Land and buildings: -€12,782
- Reserves +€21,469
up €21,469 (+5.8%), from €369,554 to €391,024
- Trade debts +€7,770
up €7,770 (+33.0%), from €23,577 to €31,347
- Gross operating margin -€32,852
down €32,852 (-23.6%), from €139,291 to €106,440
- Staff costs -€14,031
down €14,031 (-28.0%), from €50,131 to €36,100
- Taxes -€8,872
down €8,872 (-53.3%), from €16,656 to €7,784
- Financial charges +€1,719
up €1,719 (+63.9%), from €2,692 to €4,410
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 | €456,622 | €485,377 | +€28,755 | +6.3% |
| Fixed assets | 21/28 | €273,569 | €263,049 | -€10,520 | -3.8% |
| Tangible fixed assets | 22/27 | €273,569 | €263,049 | -€10,520 | -3.8% |
| Land and buildings | 22 | €248,642 | €235,861 | -€12,782 | -5.1% |
| Plant, machinery and equipment | 23 | €22,036 | €24,788 | +€2,752 | +12.5% |
| Furniture and vehicles | 24 | €2,890 | €2,400 | -€490 | -16.9% |
| Current assets | 29/58 | €183,053 | €222,327 | +€39,275 | +21.5% |
| Stocks and contracts in progress | 3 | €12,205 | €11,866 | -€339 | -2.8% |
| Stocks | 30/36 | €12,205 | €11,866 | -€339 | -2.8% |
| Amounts receivable within one year | 40/41 | €65,007 | €19,229 | -€45,778 | -70.4% |
| Trade receivables | 40 | €53,681 | €11,239 | -€42,441 | -79.1% |
| Other amounts receivable | 41 | €11,326 | €7,990 | -€3,336 | -29.5% |
| Cash at bank and in hand | 54/58 | €104,973 | €190,967 | +€85,995 | +81.9% |
| Deferred charges and accrued income | 490/1 | €868 | €265 | -€603 | -69.5% |
| Total equity and liabilities | 10/49 | €456,622 | €485,377 | +€28,755 | +6.3% |
| Equity | 10/15 | €390,014 | €411,484 | +€21,469 | +5.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €369,554 | €391,024 | +€21,469 | +5.8% |
| Distributable reserves | 133 | €369,554 | €391,024 | +€21,469 | +5.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €66,607 | €73,893 | +€7,286 | +10.9% |
| Amounts payable within one year | 42/48 | €62,177 | €72,893 | +€10,716 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €23,577 | €31,347 | +€7,770 | +33.0% |
| Suppliers | 440/4 | €23,577 | €31,347 | +€7,770 | +33.0% |
| Taxes, remuneration and social security | 45 | €10,556 | €13,176 | +€2,620 | +24.8% |
| Taxes | 450/3 | €6,085 | €8,883 | +€2,799 | +46.0% |
| Remuneration and social security | 454/9 | €4,472 | €4,293 | -€178 | -4.0% |
| Other amounts payable | 47/48 | €28,044 | €28,371 | +€326 | +1.2% |
| Accrued charges and deferred income | 492/3 | €4,430 | €1,000 | -€3,430 | -77.4% |
| Remuneration, social security and pensions | 62 | €50,131 | €36,100 | -€14,031 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,308 | €28,780 | +€472 | +1.7% |
| Other operating charges | 640/8 | €5,781 | €5,902 | +€121 | +2.1% |
| Gross operating margin | 9900 | €139,291 | €106,440 | -€32,852 | -23.6% |
| Operating profit (loss) | 9901 | €55,072 | €35,658 | -€19,414 | -35.3% |
| Financial income | 75/76B | €21 | €6 | -€15 | -69.9% |
| Recurring financial income | 75 | €21 | €6 | -€15 | -69.9% |
| Financial charges | 65/66B | €2,692 | €4,410 | +€1,719 | +63.9% |
| Recurring financial charges | 65 | €2,692 | €4,410 | +€1,719 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €52,401 | €31,254 | -€21,147 | -40.4% |
| Income taxes | 67/77 | €16,656 | €7,784 | -€8,872 | -53.3% |
| Profit (loss) for the period | 9904 | €35,745 | €23,469 | -€12,276 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,745 | €23,469 | -€12,276 | -34.3% |
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 15 October 2026 via checked.be.