Gert Potters: 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 Potters
Largest movements
- Current investments +€158,875
up €158,875 (+429%), from €37,000 to €195,875
- Cash -€156,565
down €156,565 (-31.0%), from €505,668 to €349,103
mainly Contributions, distributions and other (-€945,575) and Debts after one year (-€172,026)
- Intangible fixed assets -€98,979
down €98,979 (-13.4%), from €735,952 to €636,973
- Tangible fixed assets -€43,171
down €43,171 (-7.9%), from €543,755 to €500,584
of which Other tangible fixed assets: -€35,614
- Other debts +€463,679
up €463,679 (+3,486%), from €13,300 to €476,979
- Reserves -€438,793
down €438,793 (-63.7%), from €688,642 to €249,850
- Debts after one year -€172,026
down €172,026 (-18.6%), from €922,605 to €750,578
- Trade debts -€25,632
down €25,632 (-62.4%), from €41,089 to €15,457
- Gross operating margin +€223,361
up €223,361 (+23.9%), from €935,531 to €1.2m
- Taxes +€58,951
up €58,951 (+54.8%), from €107,592 to €166,543
- Depreciation +€23,675
up €23,675 (+16.2%), from €146,167 to €169,842
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 | €2,074,409 | €1,913,520 | -€160,890 | -7.8% |
| Fixed assets | 21/28 | €1,279,707 | €1,137,556 | -€142,151 | -11.1% |
| Intangible fixed assets | 21 | €735,952 | €636,973 | -€98,979 | -13.4% |
| Tangible fixed assets | 22/27 | €543,755 | €500,584 | -€43,171 | -7.9% |
| Furniture and vehicles | 24 | €34,886 | €27,329 | -€7,557 | -21.7% |
| Other tangible fixed assets | 26 | €508,869 | €473,254 | -€35,614 | -7.0% |
| Current assets | 29/58 | €794,702 | €775,963 | -€18,739 | -2.4% |
| Amounts receivable after more than one year | 29 | €131,189 | €123,951 | -€7,238 | -5.5% |
| Other amounts receivable | 291 | €131,189 | €123,951 | -€7,238 | -5.5% |
| Amounts receivable within one year | 40/41 | €119,667 | €102,582 | -€17,085 | -14.3% |
| Trade receivables | 40 | €89,685 | €97,722 | +€8,037 | +9.0% |
| Other amounts receivable | 41 | €29,981 | €4,860 | -€25,122 | -83.8% |
| Current investments | 50/53 | €37,000 | €195,875 | +€158,875 | +429% |
| Cash at bank and in hand | 54/58 | €505,668 | €349,103 | -€156,565 | -31.0% |
| Deferred charges and accrued income | 490/1 | €1,178 | €4,452 | +€3,274 | +278% |
| Total equity and liabilities | 10/49 | €2,074,409 | €1,913,520 | -€160,890 | -7.8% |
| Equity | 10/15 | €691,417 | €252,625 | -€438,793 | -63.5% |
| Contributions | 10/11 | €2,775 | €2,775 | = | 0.0% |
| Reserves | 13 | €688,642 | €249,850 | -€438,793 | -63.7% |
| Distributable reserves | 133 | €688,642 | €249,850 | -€438,793 | -63.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,382,992 | €1,660,895 | +€277,903 | +20.1% |
| Amounts payable after more than one year | 17 | €922,605 | €750,578 | -€172,026 | -18.6% |
| Financial debts | 170/4 | €922,605 | €750,578 | -€172,026 | -18.6% |
| Amounts payable within one year | 42/48 | €460,387 | €910,317 | +€449,929 | +97.7% |
| Current portion of amounts payable after more than one year | 42 | €168,077 | €179,603 | +€11,526 | +6.9% |
| Trade debts | 44 | €41,089 | €15,457 | -€25,632 | -62.4% |
| Suppliers | 440/4 | €41,089 | €15,457 | -€25,632 | -62.4% |
| Taxes, remuneration and social security | 45 | €237,922 | €238,278 | +€357 | +0.1% |
| Taxes | 450/3 | €186,650 | €178,217 | -€8,432 | -4.5% |
| Remuneration and social security | 454/9 | €51,272 | €60,061 | +€8,789 | +17.1% |
| Other amounts payable | 47/48 | €13,300 | €476,979 | +€463,679 | +3,486% |
| Remuneration, social security and pensions | 62 | €290,619 | €292,815 | +€2,196 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,167 | €169,842 | +€23,675 | +16.2% |
| Other operating charges | 640/8 | €829 | €1,441 | +€612 | +73.8% |
| Non-recurring operating charges | 66A | €824 | - | -€824 | |
| Gross operating margin | 9900 | €935,531 | €1,158,892 | +€223,361 | +23.9% |
| Operating profit (loss) | 9901 | €497,092 | €694,794 | +€197,702 | +39.8% |
| Financial income | 75/76B | €8,963 | €8,448 | -€515 | -5.7% |
| Recurring financial income | 75 | €8,963 | €8,448 | -€515 | -5.7% |
| Financial charges | 65/66B | €32,849 | €29,917 | -€2,932 | -8.9% |
| Recurring financial charges | 65 | €32,849 | €29,917 | -€2,932 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €473,206 | €673,325 | +€200,119 | +42.3% |
| Income taxes | 67/77 | €107,592 | €166,543 | +€58,951 | +54.8% |
| Profit (loss) for the period | 9904 | €365,614 | €506,782 | +€141,168 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €365,614 | €506,782 | +€141,168 | +38.6% |
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 16 October 2026 via checked.be.