GERT MERTENS: 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.
GERT MERTENS
Largest movements
- Cash +€7,221
up €7,221 (+589%), from €1,225 to €8,447
mainly Other debts (+€7,500)
- Other debts +€7,500
up €7,500 (+18.5%), from €40,630 to €48,130
- Gross operating margin +€918
no longer reported in 2025 (was -€918)
- Financial charges -€22
down €22 (-7.3%), from €300 to €279
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 | €87,321 | €94,542 | +€7,221 | +8.3% |
| Fixed assets | 21/28 | €86,095 | €86,095 | = | 0.0% |
| Financial fixed assets | 28 | €86,095 | €86,095 | = | 0.0% |
| Current assets | 29/58 | €1,225 | €8,447 | +€7,221 | +589% |
| Cash at bank and in hand | 54/58 | €1,225 | €8,447 | +€7,221 | +589% |
| Total equity and liabilities | 10/49 | €87,321 | €94,542 | +€7,221 | +8.3% |
| Equity | 10/15 | €46,690 | €46,412 | -€279 | -0.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €40,493 | €40,214 | -€279 | -0.7% |
| Distributable reserves | 133 | €40,493 | €40,214 | -€279 | -0.7% |
| Amounts payable | 17/49 | €40,630 | €48,130 | +€7,500 | +18.5% |
| Amounts payable within one year | 42/48 | €40,630 | €48,130 | +€7,500 | +18.5% |
| Other amounts payable | 47/48 | €40,630 | €48,130 | +€7,500 | +18.5% |
| Gross operating margin | 9900 | -€918 | - | +€918 | |
| Operating profit (loss) | 9901 | -€918 | - | +€918 | |
| Financial charges | 65/66B | €300 | €279 | -€22 | -7.3% |
| Recurring financial charges | 65 | €300 | €279 | -€22 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,218 | -€279 | +€940 | +77.1% |
| Profit (loss) for the period | 9904 | -€1,218 | -€279 | +€940 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,218 | -€279 | +€940 | +77.1% |
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 20 October 2026 via checked.be.