GERMOND: 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
GERMOND
NACE 46.620, Wholesale of machine tools
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€145,872
2024 · €1.1m-€908,828
Equity
€5.0m
2024 · €5.0m-€4,128
Cash
€2.3m
2024 · €1.7m+€523,930
Balance sheet total
€9.0m
2024 · €9.1m-€75,142
Largest movements
Assets
- Stocks and contracts -€807,000
down €807,000 (-21.7%), from €3.7m to €2.9m
- Receivables within one year +€610,802
up €610,802 (+39.3%), from €1.6m to €2.2m
of which Trade receivables: +€440,521
- Cash +€523,930
up €523,930 (+30.1%), from €1.7m to €2.3m
mainly Stocks and contracts (+€807,000) and Deferred charges and accrued income (+€293,076)
- Deferred charges and accrued income -€293,076
down €293,076 (-33.6%), from €873,422 to €580,347
- Tangible fixed assets -€106,685
down €106,685 (-9.2%), from €1.2m to €1.1m
of which Land and buildings: -€83,451
Equity and liabilities
- Reserves -€143,231
down €143,231 (-6.1%), from €2.3m to €2.2m
of which Distributable reserves: -€150,000
- Accrued charges and deferred income +€142,150
up €142,150 (+6.6%), from €2.2m to €2.3m
- Tax, wage and social debts -€140,477
down €140,477 (-18.2%), from €771,802 to €631,325
of which Taxes: -€145,125
- Profit (loss) carried forward +€139,103
up €139,103 (+6.7%), from €2.1m to €2.2m
- Other debts -€120,960
down €120,960 (-100.0%), from €121,000 to €40
Income statement
- Turnover -€3.6m
down €3.6m (-19.8%), from €18.3m to €14.7m
- Goods and materials -€2.4m
down €2.4m (-18.6%), from €13.1m to €10.6m
of which Purchases: -€4.2m
- Taxes -€302,610
down €302,610 (-80.9%), from €374,251 to €71,641
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
€1.1m
Turnover
-€3.6m
Other operating income
-€67,173
Goods and materials
+€2.4m
Services and other goods
+€17,733
Staff costs
-€52,073
Depreciation
-€25,611
Write-downs
+€52,604
Provisions
+€44,815
Other operating charges
-€4,528
Other operating items
-€2,256
Financial income
+€12,358
Financial charges
+€5,421
Taxes
+€302,610
Result 2025
€145,872
Cash bridge derived
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
+€788,684
Investment
-€114,753
Financing
-€150,000
Cash 2024
€1.7m
From operations (derived)
+€788,684
Net result for the year
+€145,872
Depreciation
+€224,551
Stocks and contracts
+€807,000
Receivables within one year
-€610,802
Deferred charges and accrued income
+€293,076
Provisions
-€33,100
Trade debts
+€81,372
Tax, wage and social debts
-€140,477
Other debts
-€120,960
Accrued charges and deferred income
+€142,150
Investment (derived)
-€114,753
Investment in fixed assets (net)
-€114,753
Financing
-€150,000
Contributions, distributions and other
-€150,000
Cash 2025
€2.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,071,266 | €8,996,124 | -€75,142 | -0.8% |
| Fixed assets | 21/28 | €1,190,030 | €1,080,232 | -€109,798 | -9.2% |
| Intangible fixed assets | 21 | €6,384 | €10,270 | +€3,886 | +60.9% |
| Tangible fixed assets | 22/27 | €1,163,958 | €1,057,273 | -€106,685 | -9.2% |
| Land and buildings | 22 | €765,961 | €682,510 | -€83,451 | -10.9% |
| Plant, machinery and equipment | 23 | €355,480 | €304,130 | -€51,350 | -14.4% |
| Furniture and vehicles | 24 | €32,503 | €19,284 | -€13,219 | -40.7% |
| Other tangible fixed assets | 26 | €10,013 | €15,713 | +€5,700 | +56.9% |
| Assets under construction and advance payments | 27 | - | €35,635 | +€35,635 | |
| Financial fixed assets | 28 | €19,688 | €12,688 | -€7,000 | -35.6% |
| Other financial fixed assets | 284/8 | €19,688 | €12,688 | -€7,000 | -35.6% |
| Amounts receivable and cash guarantees | 285/8 | €19,688 | €12,688 | -€7,000 | -35.6% |
| Current assets | 29/58 | €7,881,237 | €7,915,893 | +€34,656 | +0.4% |
| Stocks and contracts in progress | 3 | €3,714,800 | €2,907,800 | -€807,000 | -21.7% |
| Stocks | 30/36 | €3,714,800 | €2,907,800 | -€807,000 | -21.7% |
| Goods purchased for resale | 34 | €2,946,076 | €2,236,930 | -€709,146 | -24.1% |
| Advance payments | 36 | €768,724 | €670,870 | -€97,854 | -12.7% |
| Amounts receivable within one year | 40/41 | €1,552,401 | €2,163,202 | +€610,802 | +39.3% |
| Trade receivables | 40 | €1,516,138 | €1,956,659 | +€440,521 | +29.1% |
| Other amounts receivable | 41 | €36,263 | €206,543 | +€170,281 | +469.6% |
| Cash at bank and in hand | 54/58 | €1,740,614 | €2,264,544 | +€523,930 | +30.1% |
| Deferred charges and accrued income | 490/1 | €873,422 | €580,347 | -€293,076 | -33.6% |
| Total equity and liabilities | 10/49 | €9,071,266 | €8,996,124 | -€75,142 | -0.8% |
| Equity | 10/15 | €5,029,932 | €5,025,803 | -€4,128 | -0.1% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €2,349,066 | €2,205,835 | -€143,231 | -6.1% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €929,117 | €935,886 | +€6,769 | +0.7% |
| Distributable reserves | 133 | €1,359,949 | €1,209,949 | -€150,000 | -11.0% |
| Profit (loss) carried forward | 14 | €2,080,866 | €2,219,968 | +€139,103 | +6.7% |
| Provisions and deferred taxes | 16 | €137,600 | €104,500 | -€33,100 | -24.1% |
| Provisions for liabilities and charges | 160/5 | €137,600 | €104,500 | -€33,100 | -24.1% |
| Other liabilities and charges | 164/5 | €137,600 | €104,500 | -€33,100 | -24.1% |
| Amounts payable | 17/49 | €3,903,735 | €3,865,821 | -€37,914 | -1.0% |
| Amounts payable within one year | 42/48 | €1,747,764 | €1,567,700 | -€180,064 | -10.3% |
| Trade debts | 44 | €854,963 | €936,335 | +€81,372 | +9.5% |
| Suppliers | 440/4 | €854,963 | €936,335 | +€81,372 | +9.5% |
| Taxes, remuneration and social security | 45 | €771,802 | €631,325 | -€140,477 | -18.2% |
| Taxes | 450/3 | €451,470 | €306,345 | -€145,125 | -32.1% |
| Remuneration and social security | 454/9 | €320,331 | €324,980 | +€4,649 | +1.5% |
| Other amounts payable | 47/48 | €121,000 | €40 | -€120,960 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,155,970 | €2,298,121 | +€142,150 | +6.6% |
| Operating income | 70/76A | €18,732,510 | €15,046,486 | -€3.7m | -19.7% |
| Turnover | 70 | €18,270,807 | €14,654,212 | -€3.6m | -19.8% |
| Other operating income | 74 | €442,393 | €375,221 | -€67,173 | -15.2% |
| Non-recurring operating income | 76A | €19,310 | €17,054 | -€2,256 | -11.7% |
| Operating charges | 60/66A | €17,273,751 | €14,816,945 | -€2.5m | -14.2% |
| Goods for resale, raw materials and consumables | 60 | €13,059,831 | €10,635,965 | -€2.4m | -18.6% |
| Purchases | 600/8 | €14,049,742 | €9,854,498 | -€4.2m | -29.9% |
| Change in stocks: decrease (increase) | 609 | -€989,911 | €781,467 | +€1.8m | |
| Services and other goods | 61 | €2,172,269 | €2,154,536 | -€17,733 | -0.8% |
| Remuneration, social security and pensions | 62 | €1,810,840 | €1,862,913 | +€52,073 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,940 | €224,551 | +€25,611 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,618 | -€73,223 | -€52,604 | -255.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €11,715 | -€33,100 | -€44,815 | |
| Other operating charges | 640/8 | €40,774 | €45,301 | +€4,528 | +11.1% |
| Operating profit (loss) | 9901 | €1,458,759 | €229,542 | -€1.2m | -84.3% |
| Financial income | 75/76B | €28,126 | €40,484 | +€12,358 | +43.9% |
| Recurring financial income | 75 | €28,126 | €40,484 | +€12,358 | +43.9% |
| Income from current assets | 751 | €14,853 | €29,803 | +€14,950 | +100.7% |
| Other financial income | 752/9 | €13,273 | €10,681 | -€2,592 | -19.5% |
| Financial charges | 65/66B | €57,934 | €52,513 | -€5,421 | -9.4% |
| Recurring financial charges | 65 | €57,934 | €52,513 | -€5,421 | -9.4% |
| Debt charges | 650 | €35,620 | €36,680 | +€1,060 | +3.0% |
| Other financial charges | 652/9 | €22,314 | €15,833 | -€6,481 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €1,428,951 | €217,513 | -€1.2m | -84.8% |
| Income taxes | 67/77 | €374,251 | €71,641 | -€302,610 | -80.9% |
| Taxes | 670/3 | €374,251 | €71,641 | -€302,610 | -80.9% |
| Profit (loss) for the period | 9904 | €1,054,700 | €145,872 | -€908,828 | -86.2% |
| Transfer to tax-exempt reserves | 689 | €516,179 | €6,769 | -€509,410 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €538,521 | €139,103 | -€399,418 | -74.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.