GERRITS ERIK: 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 ERIK
Largest movements
- Cash -€17,943
down €17,943 (-20.7%), from €86,736 to €68,794
mainly Contributions, distributions and other (-€55,250) and Investment in fixed assets (net) (-€30,247)
- Tangible fixed assets +€11,286
up €11,286 (+5.7%), from €199,047 to €210,334
of which Plant, machinery and equipment: +€25,737
- Receivables within one year -€3,627
down €3,627 (-10.8%), from €33,642 to €30,015
- Reserves -€55,250
down €55,250 (-18.2%), from €303,042 to €247,792
of which Distributable reserves: -€55,250
- Profit (loss) carried forward +€47,371
up €47,371 (+81.7%), from -€57,957 to -€10,587
- Tax, wage and social debts +€19,858
up €19,858 (+326%), from €6,089 to €25,946
- Debts after one year -€12,979
down €12,979 (-43.3%), from €30,004 to €17,025
- Other debts -€7,500
down €7,500 (-94.6%), from €7,928 to €428
- Gross operating margin +€25,760
up €25,760 (+34.6%), from €74,438 to €100,199
- Taxes +€11,900
up €11,900 (+318%), from €3,745 to €15,645
- Depreciation -€7,936
down €7,936 (-29.5%), from €26,896 to €18,960
- Other operating charges +€1,321
up €1,321 (+25.4%), from €5,203 to €6,524
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 | €325,919 | €313,742 | -€12,177 | -3.7% |
| Fixed assets | 21/28 | €199,518 | €210,805 | +€11,286 | +5.7% |
| Tangible fixed assets | 22/27 | €199,047 | €210,334 | +€11,286 | +5.7% |
| Land and buildings | 22 | €151,382 | €151,219 | -€163 | -0.1% |
| Plant, machinery and equipment | 23 | €23,548 | €49,285 | +€25,737 | +109% |
| Furniture and vehicles | 24 | €24,116 | €9,829 | -€14,287 | -59.2% |
| Financial fixed assets | 28 | €471 | €471 | = | 0.0% |
| Current assets | 29/58 | €126,401 | €102,938 | -€23,463 | -18.6% |
| Amounts receivable within one year | 40/41 | €33,642 | €30,015 | -€3,627 | -10.8% |
| Trade receivables | 40 | €33,642 | €30,015 | -€3,627 | -10.8% |
| Cash at bank and in hand | 54/58 | €86,736 | €68,794 | -€17,943 | -20.7% |
| Deferred charges and accrued income | 490/1 | €6,023 | €4,129 | -€1,894 | -31.4% |
| Total equity and liabilities | 10/49 | €325,919 | €313,742 | -€12,177 | -3.7% |
| Equity | 10/15 | €263,676 | €255,797 | -€7,879 | -3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €303,042 | €247,792 | -€55,250 | -18.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €42,663 | €42,663 | = | 0.0% |
| Distributable reserves | 133 | €260,379 | €205,129 | -€55,250 | -21.2% |
| Profit (loss) carried forward | 14 | -€57,957 | -€10,587 | +€47,371 | +81.7% |
| Amounts payable | 17/49 | €62,243 | €57,945 | -€4,298 | -6.9% |
| Amounts payable after more than one year | 17 | €30,004 | €17,025 | -€12,979 | -43.3% |
| Financial debts | 170/4 | €30,004 | €17,025 | -€12,979 | -43.3% |
| Amounts payable within one year | 42/48 | €31,175 | €39,723 | +€8,548 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €15,608 | €9,154 | -€6,454 | -41.3% |
| Trade debts | 44 | €1,550 | €4,194 | +€2,644 | +171% |
| Suppliers | 440/4 | €1,550 | €4,194 | +€2,644 | +171% |
| Taxes, remuneration and social security | 45 | €6,089 | €25,946 | +€19,858 | +326% |
| Taxes | 450/3 | €6,089 | €25,946 | +€19,858 | +326% |
| Other amounts payable | 47/48 | €7,928 | €428 | -€7,500 | -94.6% |
| Accrued charges and deferred income | 492/3 | €1,064 | €1,198 | +€134 | +12.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,896 | €18,960 | -€7,936 | -29.5% |
| Other operating charges | 640/8 | €5,203 | €6,524 | +€1,321 | +25.4% |
| Non-recurring operating charges | 66A | - | €11,048 | +€11,048 | |
| Gross operating margin | 9900 | €74,438 | €100,199 | +€25,760 | +34.6% |
| Operating profit (loss) | 9901 | €42,339 | €63,666 | +€21,327 | +50.4% |
| Financial charges | 65/66B | €1,145 | €651 | -€495 | -43.2% |
| Recurring financial charges | 65 | €1,145 | €651 | -€495 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €41,194 | €63,015 | +€21,821 | +53.0% |
| Income taxes | 67/77 | €3,745 | €15,645 | +€11,900 | +318% |
| Profit (loss) for the period | 9904 | €37,449 | €47,371 | +€9,922 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,449 | €47,371 | +€9,922 | +26.5% |
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.