GERRIT VAESSEN: 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 VAESSEN
Largest movements
- Cash +€76,863
up €76,863 (+130%), from €59,199 to €136,062
mainly Current investments (+€74,255) and Other debts (+€60,408)
- Current investments -€74,255
down €74,255 (-29.5%), from €252,009 to €177,754
- Receivables within one year -€9,786
down €9,786 (-61.6%), from €15,889 to €6,103
of which Other amounts receivable: -€5,552
- Tangible fixed assets -€3,866
down €3,866 (-23.6%), from €16,404 to €12,538
of which Furniture and vehicles: -€4,278
- Reserves -€73,092
down €73,092 (-22.7%), from €321,977 to €248,885
- Other debts +€60,408
up €60,408 (+1,726%), from €3,499 to €63,907
- Gross operating margin +€2,683
up €2,683 (+12.1%), from €22,088 to €24,771
- Taxes +€1,448
up €1,448 (+31.1%), from €4,660 to €6,108
- Financial income +€912
up €912 (+31.7%), from €2,873 to €3,785
- Depreciation +€302
up €302 (+3.8%), from €7,955 to €8,257
- Other operating charges -€295
down €295 (-9.5%), from €3,113 to €2,818
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 | €343,501 | €332,457 | -€11,044 | -3.2% |
| Fixed assets | 21/28 | €16,404 | €12,538 | -€3,866 | -23.6% |
| Tangible fixed assets | 22/27 | €16,404 | €12,538 | -€3,866 | -23.6% |
| Plant, machinery and equipment | 23 | €6,232 | €7,009 | +€777 | +12.5% |
| Furniture and vehicles | 24 | €9,141 | €4,863 | -€4,278 | -46.8% |
| Other tangible fixed assets | 26 | €1,031 | €666 | -€365 | -35.4% |
| Current assets | 29/58 | €327,097 | €319,919 | -€7,178 | -2.2% |
| Amounts receivable within one year | 40/41 | €15,889 | €6,103 | -€9,786 | -61.6% |
| Trade receivables | 40 | €8,887 | €4,653 | -€4,234 | -47.6% |
| Other amounts receivable | 41 | €7,002 | €1,450 | -€5,552 | -79.3% |
| Current investments | 50/53 | €252,009 | €177,754 | -€74,255 | -29.5% |
| Cash at bank and in hand | 54/58 | €59,199 | €136,062 | +€76,863 | +130% |
| Total equity and liabilities | 10/49 | €343,501 | €332,457 | -€11,044 | -3.2% |
| Equity | 10/15 | €334,377 | €261,285 | -€73,092 | -21.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Share premium | 1100/10 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €321,977 | €248,885 | -€73,092 | -22.7% |
| Distributable reserves | 133 | €321,977 | €248,885 | -€73,092 | -22.7% |
| Amounts payable | 17/49 | €9,124 | €71,172 | +€62,048 | +680% |
| Amounts payable within one year | 42/48 | €8,180 | €70,222 | +€62,042 | +758% |
| Trade debts | 44 | €1,812 | €1,676 | -€136 | -7.5% |
| Suppliers | 440/4 | €1,812 | €1,676 | -€136 | -7.5% |
| Taxes, remuneration and social security | 45 | €2,869 | €4,639 | +€1,770 | +61.7% |
| Taxes | 450/3 | €2,869 | €4,639 | +€1,770 | +61.7% |
| Other amounts payable | 47/48 | €3,499 | €63,907 | +€60,408 | +1,726% |
| Accrued charges and deferred income | 492/3 | €944 | €950 | +€6 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,955 | €8,257 | +€302 | +3.8% |
| Other operating charges | 640/8 | €3,113 | €2,818 | -€295 | -9.5% |
| Gross operating margin | 9900 | €22,088 | €24,771 | +€2,683 | +12.1% |
| Operating profit (loss) | 9901 | €11,020 | €13,696 | +€2,676 | +24.3% |
| Financial income | 75/76B | €2,873 | €3,785 | +€912 | +31.7% |
| Recurring financial income | 75 | €2,873 | €3,785 | +€912 | +31.7% |
| Financial charges | 65/66B | €426 | €464 | +€38 | +8.9% |
| Recurring financial charges | 65 | €426 | €464 | +€38 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €13,467 | €17,017 | +€3,550 | +26.4% |
| Income taxes | 67/77 | €4,660 | €6,108 | +€1,448 | +31.1% |
| Profit (loss) for the period | 9904 | €8,807 | €10,909 | +€2,102 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,807 | €10,909 | +€2,102 | +23.9% |
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 27 October 2026 via checked.be.