Gerry Vanhoonacker: what changed
Gerry Vanhoonacker
Largest movements
- Receivables within one year +€13,912
up €13,912 (+50.3%), from €27,665 to €41,577
of which Other amounts receivable: +€10,121
- Tangible fixed assets -€6,647
down €6,647 (-39.9%), from €16,657 to €10,010
- Cash -€5,342
down €5,342 (-34.4%), from €15,540 to €10,198
mainly Contributions, distributions and other (-€29,970) and Receivables within one year (-€13,912)
- Reserves +€9,581
up €9,581 (+32.0%), from €29,970 to €39,551
- Tax, wage and social debts -€4,120
down €4,120 (-19.4%), from €21,272 to €17,151
of which Taxes: -€4,120
- Current portion of long-term debt -€2,586
down €2,586 (-100%), from €2,586 to €0
- Gross operating margin +€15,220
up €15,220 (+32.2%), from €47,226 to €62,446
- Depreciation +€4,056
up €4,056 (+116%), from €3,511 to €7,567
- Taxes +€2,489
up €2,489 (+21.4%), from €11,607 to €14,096
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,393 | €62,789 | +€2,396 | +4.0% |
| Fixed assets | 21/28 | €16,657 | €10,010 | -€6,647 | -39.9% |
| Tangible fixed assets | 22/27 | €16,657 | €10,010 | -€6,647 | -39.9% |
| Furniture and vehicles | 24 | €16,657 | €10,010 | -€6,647 | -39.9% |
| Current assets | 29/58 | €43,736 | €52,780 | +€9,043 | +20.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €27,665 | €41,577 | +€13,912 | +50.3% |
| Trade receivables | 40 | €16,905 | €20,696 | +€3,791 | +22.4% |
| Other amounts receivable | 41 | €10,760 | €20,881 | +€10,121 | +94.1% |
| Cash at bank and in hand | 54/58 | €15,540 | €10,198 | -€5,342 | -34.4% |
| Deferred charges and accrued income | 490/1 | €531 | €1,004 | +€474 | +89.2% |
| Total equity and liabilities | 10/49 | €60,393 | €62,789 | +€2,396 | +4.0% |
| Equity | 10/15 | €32,970 | €42,551 | +€9,581 | +29.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €29,970 | €39,551 | +€9,581 | +32.0% |
| Distributable reserves | 133 | €29,970 | €39,551 | +€9,581 | +32.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,423 | €20,239 | -€7,184 | -26.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €27,423 | €20,239 | -€7,184 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €2,586 | €0 | -€2,586 | -100% |
| Trade debts | 44 | €3,566 | €3,087 | -€478 | -13.4% |
| Suppliers | 440/4 | €3,566 | €3,087 | -€478 | -13.4% |
| Taxes, remuneration and social security | 45 | €21,272 | €17,151 | -€4,120 | -19.4% |
| Taxes | 450/3 | €21,272 | €17,151 | -€4,120 | -19.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,511 | €7,567 | +€4,056 | +116% |
| Other operating charges | 640/8 | €1,570 | €1,523 | -€48 | -3.0% |
| Gross operating margin | 9900 | €47,226 | €62,446 | +€15,220 | +32.2% |
| Operating profit (loss) | 9901 | €42,145 | €53,357 | +€11,212 | +26.6% |
| Financial income | 75/76B | €326 | €756 | +€430 | +132% |
| Recurring financial income | 75 | €326 | €756 | +€430 | +132% |
| Financial charges | 65/66B | €894 | €466 | -€428 | -47.9% |
| Recurring financial charges | 65 | €894 | €466 | -€428 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €41,577 | €53,647 | +€12,070 | +29.0% |
| Income taxes | 67/77 | €11,607 | €14,096 | +€2,489 | +21.4% |
| Profit (loss) for the period | 9904 | €29,970 | €39,551 | +€9,581 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,970 | €39,551 | +€9,581 | +32.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.