GERRITS CONSTRUCT: 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.
GERRITS CONSTRUCT
Largest movements
- Receivables within one year +€39,115
up €39,115 (+28.5%), from €137,059 to €176,174
of which Other amounts receivable: +€48,492
- Profit (loss) carried forward +€44,643
up €44,643 (+4,588%), from €973 to €45,616
- Trade debts -€6,042
down €6,042 (-44.4%), from €13,611 to €7,569
- Tax, wage and social debts +€4,284
up €4,284 (+516%), from €831 to €5,115
- Current portion of long-term debt -€4,120
down €4,120 (-21.5%), from €19,120 to €15,000
- Gross operating margin -€27,592
down €27,592 (-33.5%), from €82,452 to €54,860
- Staff costs -€9,876
no longer reported in 2025 (was €9,876)
- Depreciation -€6,920
down €6,920 (-95.3%), from €7,265 to €345
- Taxes +€2,619
up €2,619 (+105%), from €2,496 to €5,115
- Financial income +€2,044
up €2,044 (+40.7%), from €5,027 to €7,071
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 | €139,269 | €178,062 | +€38,793 | +27.9% |
| Fixed assets | 21/28 | €1,392 | €1,066 | -€326 | -23.4% |
| Tangible fixed assets | 22/27 | €660 | €315 | -€345 | -52.3% |
| Furniture and vehicles | 24 | €660 | €315 | -€345 | -52.3% |
| Financial fixed assets | 28 | €732 | €751 | +€19 | +2.6% |
| Current assets | 29/58 | €137,877 | €176,996 | +€39,119 | +28.4% |
| Amounts receivable within one year | 40/41 | €137,059 | €176,174 | +€39,115 | +28.5% |
| Trade receivables | 40 | €29,103 | €19,726 | -€9,377 | -32.2% |
| Other amounts receivable | 41 | €107,956 | €156,448 | +€48,492 | +44.9% |
| Cash at bank and in hand | 54/58 | €500 | €500 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €318 | €322 | +€4 | +1.3% |
| Total equity and liabilities | 10/49 | €139,269 | €178,062 | +€38,793 | +27.9% |
| Equity | 10/15 | €35,678 | €80,321 | +€44,643 | +125% |
| Contributions | 10/11 | €31,550 | €31,550 | = | 0.0% |
| Reserves | 13 | €3,155 | €3,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,155 | €3,155 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,155 | €3,155 | = | 0.0% |
| Profit (loss) carried forward | 14 | €973 | €45,616 | +€44,643 | +4,588% |
| Amounts payable | 17/49 | €103,591 | €97,741 | -€5,850 | -5.6% |
| Amounts payable within one year | 42/48 | €103,525 | €97,674 | -€5,851 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €19,120 | €15,000 | -€4,120 | -21.5% |
| Financial debts | 43 | €69,963 | €69,990 | +€27 | 0.0% |
| Credit institutions | 430/8 | €69,963 | €69,990 | +€27 | 0.0% |
| Trade debts | 44 | €13,611 | €7,569 | -€6,042 | -44.4% |
| Suppliers | 440/4 | €13,611 | €7,569 | -€6,042 | -44.4% |
| Taxes, remuneration and social security | 45 | €831 | €5,115 | +€4,284 | +516% |
| Taxes | 450/3 | €831 | €5,115 | +€4,284 | +516% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +1.5% |
| Remuneration, social security and pensions | 62 | €9,876 | - | -€9,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,265 | €345 | -€6,920 | -95.3% |
| Other operating charges | 640/8 | €3,126 | €2,091 | -€1,035 | -33.1% |
| Gross operating margin | 9900 | €82,452 | €54,860 | -€27,592 | -33.5% |
| Operating profit (loss) | 9901 | €62,185 | €52,424 | -€9,761 | -15.7% |
| Financial income | 75/76B | €5,027 | €7,071 | +€2,044 | +40.7% |
| Recurring financial income | 75 | €5,027 | €7,071 | +€2,044 | +40.7% |
| Financial charges | 65/66B | €10,402 | €9,737 | -€665 | -6.4% |
| Recurring financial charges | 65 | €10,402 | €9,737 | -€665 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €56,810 | €49,758 | -€7,052 | -12.4% |
| Income taxes | 67/77 | €2,496 | €5,115 | +€2,619 | +105% |
| Profit (loss) for the period | 9904 | €54,314 | €44,643 | -€9,671 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,314 | €44,643 | -€9,671 | -17.8% |
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 13 October 2026 via checked.be.