GERRIT VDG: 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 VDG
Largest movements
- Tangible fixed assets +€32,040
up €32,040 (+162%), from €19,728 to €51,768
of which Furniture and vehicles: +€30,133
- Cash +€22,678
up €22,678 (+152%), from €14,962 to €37,639
mainly Debts after one year (+€27,712) and Net result for the year (+€12,481)
- Receivables within one year -€2,263
down €2,263 (-33.0%), from €6,860 to €4,597
of which Trade receivables: -€3,607
- Deferred charges and accrued income -€1,072
down €1,072 (-36.3%), from €2,952 to €1,880
- Debts after one year +€27,712
new in 2025: €27,712
- Profit (loss) carried forward +€12,481
up €12,481 (+74.7%), from -€16,703 to -€4,222
- Current portion of long-term debt +€8,226
new in 2025: €8,226
- Tax, wage and social debts +€2,206
up €2,206 (+72.9%), from €3,027 to €5,233
- Short-term financial debts +€1,500
up €1,500 (+300%), from €500 to €2,000
- Gross operating margin +€25,799
up €25,799 (+10,711%), from €241 to €26,040
- Depreciation +€5,740
up €5,740 (+132%), from €4,363 to €10,103
- Financial charges +€516
up €516 (+30.9%), from €1,673 to €2,190
- Other operating charges +€469
up €469 (+90.5%), from €519 to €988
- Taxes +€284
up €284 (+204%), from €139 to €423
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 | €44,501 | €95,883 | +€51,383 | +115% |
| Fixed assets | 21/28 | €19,728 | €51,768 | +€32,040 | +162% |
| Tangible fixed assets | 22/27 | €19,728 | €51,768 | +€32,040 | +162% |
| Land and buildings | 22 | €8,726 | €7,140 | -€1,586 | -18.2% |
| Plant, machinery and equipment | 23 | €1,099 | €4,592 | +€3,493 | +318% |
| Furniture and vehicles | 24 | €9,903 | €40,036 | +€30,133 | +304% |
| Current assets | 29/58 | €24,773 | €44,116 | +€19,343 | +78.1% |
| Amounts receivable within one year | 40/41 | €6,860 | €4,597 | -€2,263 | -33.0% |
| Trade receivables | 40 | €4,670 | €1,063 | -€3,607 | -77.2% |
| Other amounts receivable | 41 | €2,190 | €3,534 | +€1,344 | +61.4% |
| Cash at bank and in hand | 54/58 | €14,962 | €37,639 | +€22,678 | +152% |
| Deferred charges and accrued income | 490/1 | €2,952 | €1,880 | -€1,072 | -36.3% |
| Total equity and liabilities | 10/49 | €44,501 | €95,883 | +€51,383 | +115% |
| Equity | 10/15 | €36,174 | €48,655 | +€12,481 | +34.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,877 | €51,877 | = | 0.0% |
| Distributable reserves | 133 | €51,877 | €51,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,703 | -€4,222 | +€12,481 | +74.7% |
| Amounts payable | 17/49 | €8,327 | €47,229 | +€38,902 | +467% |
| Amounts payable after more than one year | 17 | - | €27,712 | +€27,712 | |
| Financial debts | 170/4 | - | €27,712 | +€27,712 | |
| Amounts payable within one year | 42/48 | €8,327 | €19,517 | +€11,190 | +134% |
| Current portion of amounts payable after more than one year | 42 | - | €8,226 | +€8,226 | |
| Financial debts | 43 | €500 | €2,000 | +€1,500 | +300% |
| Credit institutions | 430/8 | €500 | €2,000 | +€1,500 | +300% |
| Trade debts | 44 | €3,799 | €3,597 | -€202 | -5.3% |
| Suppliers | 440/4 | €3,799 | €3,597 | -€202 | -5.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,027 | €5,233 | +€2,206 | +72.9% |
| Taxes | 450/3 | €3,027 | €5,233 | +€2,206 | +72.9% |
| Other amounts payable | 47/48 | €1,002 | €461 | -€540 | -53.9% |
| Non-recurring operating income | 76A | - | €6,653 | +€6,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,363 | €10,103 | +€5,740 | +132% |
| Other operating charges | 640/8 | €519 | €988 | +€469 | +90.5% |
| Gross operating margin | 9900 | €241 | €26,040 | +€25,799 | +10,711% |
| Operating profit (loss) | 9901 | -€4,641 | €14,948 | +€19,590 | |
| Financial income | 75/76B | €49 | €145 | +€96 | +195% |
| Recurring financial income | 75 | €49 | €145 | +€96 | +195% |
| Financial charges | 65/66B | €1,673 | €2,190 | +€516 | +30.9% |
| Recurring financial charges | 65 | €1,673 | €2,190 | +€516 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,265 | €12,904 | +€19,169 | |
| Income taxes | 67/77 | €139 | €423 | +€284 | +204% |
| Profit (loss) for the period | 9904 | -€6,405 | €12,481 | +€18,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,405 | €12,481 | +€18,885 |
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 24 October 2026 via checked.be.