GERRIT BERNAERTS: 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.
GERRIT BERNAERTS
Largest movements
- Receivables within one year +€329,303
up €329,303 (+228%), from €144,359 to €473,662
of which Trade receivables: +€315,314
- Cash -€262,828
down €262,828 (-41.9%), from €626,548 to €363,720
mainly Receivables within one year (-€329,303) and Investment in fixed assets (net) (-€95,053)
- Tangible fixed assets +€45,181
up €45,181 (+16.2%), from €278,669 to €323,850
of which Furniture and vehicles: +€72,294
- Reserves +€102,142
up €102,142 (+10.0%), from €1.0m to €1.1m
of which Distributable reserves: +€102,142
- Tax, wage and social debts +€14,614
up €14,614 (+203%), from €7,202 to €21,816
- Gross operating margin +€68,890
up €68,890 (+50.9%), from €135,322 to €204,212
- Taxes +€19,460
up €19,460 (+64.5%), from €30,154 to €49,614
- Depreciation +€17,470
up €17,470 (+53.9%), from €32,402 to €49,873
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,050,877 | €1,163,741 | +€112,863 | +10.7% |
| Fixed assets | 21/28 | €278,669 | €323,850 | +€45,181 | +16.2% |
| Tangible fixed assets | 22/27 | €278,669 | €323,850 | +€45,181 | +16.2% |
| Land and buildings | 22 | €78,844 | €75,929 | -€2,915 | -3.7% |
| Plant, machinery and equipment | 23 | €991 | €4,367 | +€3,377 | +341% |
| Furniture and vehicles | 24 | €944 | €73,238 | +€72,294 | +7,657% |
| Leasing and similar rights | 25 | €197,890 | €170,315 | -€27,575 | -13.9% |
| Current assets | 29/58 | €772,208 | €839,891 | +€67,683 | +8.8% |
| Amounts receivable within one year | 40/41 | €144,359 | €473,662 | +€329,303 | +228% |
| Trade receivables | 40 | €21,749 | €337,063 | +€315,314 | +1,450% |
| Other amounts receivable | 41 | €122,610 | €136,600 | +€13,990 | +11.4% |
| Cash at bank and in hand | 54/58 | €626,548 | €363,720 | -€262,828 | -41.9% |
| Deferred charges and accrued income | 490/1 | €1,301 | €2,508 | +€1,207 | +92.8% |
| Total equity and liabilities | 10/49 | €1,050,877 | €1,163,741 | +€112,863 | +10.7% |
| Equity | 10/15 | €1,029,800 | €1,131,942 | +€102,142 | +9.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,017,400 | €1,119,542 | +€102,142 | +10.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,015,540 | €1,117,682 | +€102,142 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €21,077 | €31,798 | +€10,722 | +50.9% |
| Amounts payable within one year | 42/48 | €21,077 | €31,798 | +€10,722 | +50.9% |
| Financial debts | 43 | €1,547 | - | -€1,547 | |
| Credit institutions | 430/8 | €1,547 | - | -€1,547 | |
| Trade debts | 44 | €5,928 | - | -€5,928 | |
| Suppliers | 440/4 | €5,928 | - | -€5,928 | |
| Taxes, remuneration and social security | 45 | €7,202 | €21,816 | +€14,614 | +203% |
| Taxes | 450/3 | €7,202 | €21,816 | +€14,614 | +203% |
| Other amounts payable | 47/48 | €6,401 | €9,983 | +€3,582 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,402 | €49,873 | +€17,470 | +53.9% |
| Other operating charges | 640/8 | €4,820 | €4,943 | +€123 | +2.6% |
| Gross operating margin | 9900 | €135,322 | €204,212 | +€68,890 | +50.9% |
| Operating profit (loss) | 9901 | €98,099 | €149,396 | +€51,297 | +52.3% |
| Financial income | 75/76B | €4,394 | €2,590 | -€1,804 | -41.1% |
| Recurring financial income | 75 | €4,394 | €90 | -€4,304 | -98.0% |
| Non-recurring financial income | 76B | - | €2,500 | +€2,500 | |
| Financial charges | 65/66B | €322 | €231 | -€91 | -28.4% |
| Recurring financial charges | 65 | €322 | €231 | -€91 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €102,171 | €151,756 | +€49,585 | +48.5% |
| Income taxes | 67/77 | €30,154 | €49,614 | +€19,460 | +64.5% |
| Profit (loss) for the period | 9904 | €72,017 | €102,142 | +€30,125 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,017 | €102,142 | +€30,125 | +41.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.