GERRITS-PALMIER: 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-PALMIER
Largest movements
- Tangible fixed assets -€36,764
down €36,764 (-3.1%), from €1.2m to €1.2m
- Profit (loss) carried forward -€63,162
no longer reported in 2025 (was €63,162)
- Other debts +€19,500
new in 2025: €19,500
- Gross operating margin -€78,471
down €78,471, from €55,368 to -€23,102
- Taxes -€1,907
no longer reported in 2025 (was €1,907)
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 | €1,353,576 | €1,303,884 | -€49,692 | -3.7% |
| Fixed assets | 21/28 | €1,193,939 | €1,157,174 | -€36,764 | -3.1% |
| Tangible fixed assets | 22/27 | €1,193,939 | €1,157,174 | -€36,764 | -3.1% |
| Land and buildings | 22 | €1,193,939 | €1,157,174 | -€36,764 | -3.1% |
| Current assets | 29/58 | €159,637 | €146,710 | -€12,928 | -8.1% |
| Amounts receivable within one year | 40/41 | €3,225 | €69 | -€3,156 | -97.9% |
| Other amounts receivable | 41 | €3,225 | €69 | -€3,156 | -97.9% |
| Cash at bank and in hand | 54/58 | €155,710 | €146,273 | -€9,438 | -6.1% |
| Deferred charges and accrued income | 490/1 | €702 | €368 | -€334 | -47.5% |
| Total equity and liabilities | 10/49 | €1,353,576 | €1,303,884 | -€49,692 | -3.7% |
| Equity | 10/15 | €1,348,412 | €1,277,884 | -€70,528 | -5.2% |
| Contributions | 10/11 | €1,205,000 | €1,205,000 | = | 0.0% |
| Reserves | 13 | €80,250 | €72,884 | -€7,366 | -9.2% |
| Non-distributable reserves | 130/1 | €80,250 | - | -€80,250 | |
| Reserves not available under the articles | 1311 | €80,250 | - | -€80,250 | |
| Distributable reserves | 133 | - | €72,884 | +€72,884 | |
| Profit (loss) carried forward | 14 | €63,162 | - | -€63,162 | |
| Amounts payable | 17/49 | €5,164 | €26,000 | +€20,836 | +403% |
| Amounts payable within one year | 42/48 | €5,164 | €19,500 | +€14,336 | +278% |
| Taxes, remuneration and social security | 45 | €5,164 | - | -€5,164 | |
| Taxes | 450/3 | €5,164 | - | -€5,164 | |
| Other amounts payable | 47/48 | - | €19,500 | +€19,500 | |
| Accrued charges and deferred income | 492/3 | - | €6,500 | +€6,500 | |
| Non-recurring operating income | 76A | €1,452 | - | -€1,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,176 | €36,764 | -€411 | -1.1% |
| Other operating charges | 640/8 | €10,553 | €10,883 | +€330 | +3.1% |
| Gross operating margin | 9900 | €55,368 | -€23,102 | -€78,471 | |
| Operating profit (loss) | 9901 | €7,639 | -€70,750 | -€78,389 | |
| Financial income | 75/76B | €442 | €230 | -€212 | -48.0% |
| Recurring financial income | 75 | €442 | €230 | -€212 | -48.0% |
| Financial charges | 65/66B | €68 | €8 | -€60 | -88.7% |
| Recurring financial charges | 65 | €68 | €8 | -€60 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | €8,014 | -€70,528 | -€78,541 | |
| Income taxes | 67/77 | €1,907 | - | -€1,907 | |
| Profit (loss) for the period | 9904 | €6,106 | -€70,528 | -€76,634 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,106 | -€70,528 | -€76,634 |
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 1 November 2026 via checked.be.