GERITS DAVE: 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.
GERITS DAVE
Largest movements
- Tangible fixed assets +€13,252
up €13,252 (+775%), from €1,709 to €14,961
of which Land and buildings: +€7,543
- Cash +€7,292
up €7,292 (+6.9%), from €106,205 to €113,496
mainly Net result for the year (+€35,845) and Tax, wage and social debts (+€2,200)
- Receivables within one year +€6,053
up €6,053 (+31.4%), from €19,251 to €25,304
of which Other amounts receivable: +€10,574
- Profit (loss) carried forward +€35,845
up €35,845 (+32.7%), from €109,632 to €145,477
- Trade debts -€11,448
down €11,448 (-91.3%), from €12,532 to €1,084
- Tax, wage and social debts +€2,200
up €2,200, from €0 to €2,200
of which Remuneration and social security: +€2,200
- Gross operating margin -€1,825
down €1,825 (-3.7%), from €49,112 to €47,288
- Depreciation +€978
up €978 (+177%), from €552 to €1,529
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 | €127,164 | €153,761 | +€26,597 | +20.9% |
| Fixed assets | 21/28 | €1,709 | €14,961 | +€13,252 | +775% |
| Tangible fixed assets | 22/27 | €1,709 | €14,961 | +€13,252 | +775% |
| Land and buildings | 22 | - | €7,543 | +€7,543 | |
| Plant, machinery and equipment | 23 | €802 | €6,910 | +€6,109 | +762% |
| Furniture and vehicles | 24 | €907 | €508 | -€400 | -44.0% |
| Current assets | 29/58 | €125,455 | €138,800 | +€13,345 | +10.6% |
| Amounts receivable within one year | 40/41 | €19,251 | €25,304 | +€6,053 | +31.4% |
| Trade receivables | 40 | €9,561 | €5,040 | -€4,521 | -47.3% |
| Other amounts receivable | 41 | €9,689 | €20,263 | +€10,574 | +109% |
| Cash at bank and in hand | 54/58 | €106,205 | €113,496 | +€7,292 | +6.9% |
| Total equity and liabilities | 10/49 | €127,164 | €153,761 | +€26,597 | +20.9% |
| Equity | 10/15 | €114,632 | €150,477 | +€35,845 | +31.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,632 | €145,477 | +€35,845 | +32.7% |
| Amounts payable | 17/49 | €12,532 | €3,284 | -€9,248 | -73.8% |
| Amounts payable within one year | 42/48 | €12,532 | €3,284 | -€9,248 | -73.8% |
| Trade debts | 44 | €12,532 | €1,084 | -€11,448 | -91.3% |
| Suppliers | 440/4 | €12,532 | €1,084 | -€11,448 | -91.3% |
| Taxes, remuneration and social security | 45 | €0 | €2,200 | +€2,200 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | €2,200 | +€2,200 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552 | €1,529 | +€978 | +177% |
| Other operating charges | 640/8 | €566 | €462 | -€105 | -18.5% |
| Gross operating margin | 9900 | €49,112 | €47,288 | -€1,825 | -3.7% |
| Operating profit (loss) | 9901 | €47,994 | €45,296 | -€2,698 | -5.6% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €47,927 | €45,224 | -€2,703 | -5.6% |
| Income taxes | 67/77 | €9,734 | €9,379 | -€355 | -3.7% |
| Profit (loss) for the period | 9904 | €38,193 | €35,845 | -€2,348 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,193 | €35,845 | -€2,348 | -6.1% |
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 14 October 2026 via checked.be.