GERRITSEN: what changed
Two fiscal 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.
GERRITSEN
Largest movements
- Receivables within one year +€32,414
up €32,414 (+135.1%), from €23,999 to €56,413
of which Trade receivables: +€28,945
- Stocks and contracts +€8,597
up €8,597 (+60.5%), from €14,208 to €22,805
- Cash +€1,954
up €1,954 (+37.0%), from €5,288 to €7,242
mainly Other debts (+€32,492) and Net result for the year (+€11,205)
- Tangible fixed assets -€907
down €907 (-50.5%), from €1,794 to €887
of which Plant, machinery and equipment: -€562
- Other debts +€32,492
up €32,492 (+102.4%), from €31,723 to €64,216
- Profit (loss) carried forward +€11,205
up €11,205 (+37.0%), from -€30,317 to -€19,112
- Trade debts -€1,639
down €1,639 (-4.6%), from €35,871 to €34,232
- Gross operating margin +€30,969
up €30,969, from -€18,181 to €12,788
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,424 | €87,482 | +€42,058 | +92.6% |
| Fixed assets | 21/28 | €1,929 | €1,022 | -€907 | -47.0% |
| Tangible fixed assets | 22/27 | €1,794 | €887 | -€907 | -50.5% |
| Plant, machinery and equipment | 23 | €1,449 | €887 | -€562 | -38.8% |
| Furniture and vehicles | 24 | €345 | - | -€345 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €43,495 | €86,460 | +€42,964 | +98.8% |
| Stocks and contracts in progress | 3 | €14,208 | €22,805 | +€8,597 | +60.5% |
| Stocks | 30/36 | €14,208 | €22,805 | +€8,597 | +60.5% |
| Amounts receivable within one year | 40/41 | €23,999 | €56,413 | +€32,414 | +135.1% |
| Trade receivables | 40 | €15,661 | €44,606 | +€28,945 | +184.8% |
| Other amounts receivable | 41 | €8,338 | €11,807 | +€3,469 | +41.6% |
| Cash at bank and in hand | 54/58 | €5,288 | €7,242 | +€1,954 | +37.0% |
| Total equity and liabilities | 10/49 | €45,424 | €87,482 | +€42,058 | +92.6% |
| Equity | 10/15 | -€22,226 | -€11,021 | +€11,205 | +50.4% |
| Contributions | 10/11 | €6,231 | €6,231 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,317 | -€19,112 | +€11,205 | +37.0% |
| Amounts payable | 17/49 | €67,650 | €98,503 | +€30,853 | +45.6% |
| Amounts payable within one year | 42/48 | €67,595 | €98,448 | +€30,853 | +45.6% |
| Trade debts | 44 | €35,871 | €34,232 | -€1,639 | -4.6% |
| Suppliers | 440/4 | €35,871 | €34,232 | -€1,639 | -4.6% |
| Other amounts payable | 47/48 | €31,723 | €64,216 | +€32,492 | +102.4% |
| Accrued charges and deferred income | 492/3 | €56 | €56 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €907 | €907 | = | 0.0% |
| Other operating charges | 640/8 | €791 | €628 | -€163 | -20.7% |
| Gross operating margin | 9900 | -€18,181 | €12,788 | +€30,969 | |
| Operating profit (loss) | 9901 | -€19,879 | €11,253 | +€31,132 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €58 | €49 | -€9 | -15.0% |
| Recurring financial charges | 65 | €58 | €49 | -€9 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,936 | €11,205 | +€31,141 | |
| Profit (loss) for the period | 9904 | -€19,936 | €11,205 | +€31,141 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,936 | €11,205 | +€31,141 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.