GERT USEWILS: 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 USEWILS
Largest movements
- Current investments +€30,000
up €30,000 (+23.6%), from €127,000 to €157,000
- Cash -€27,165
down €27,165 (-45.3%), from €59,962 to €32,797
mainly Current investments (-€30,000) and Tax, wage and social debts (-€3,208)
- Reserves +€4,734
up €4,734 (+2.7%), from €176,690 to €181,424
- Tax, wage and social debts -€3,208
down €3,208 (-57.1%), from €5,622 to €2,414
of which Remuneration and social security: -€3,218
- Gross operating margin +€3,531
up €3,531 (+13.5%), from €26,155 to €29,686
- Depreciation -€3,392
down €3,392 (-61.2%), from €5,538 to €2,146
- Taxes +€1,487
up €1,487 (+73.7%), from €2,018 to €3,505
- Staff costs +€656
up €656 (+3.4%), from €19,055 to €19,711
- Financial income -€621
down €621 (-18.5%), from €3,354 to €2,734
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 | €201,212 | €202,470 | +€1,259 | +0.6% |
| Fixed assets | 21/28 | €2,079 | €594 | -€1,485 | -71.4% |
| Tangible fixed assets | 22/27 | €2,079 | €594 | -€1,485 | -71.4% |
| Furniture and vehicles | 24 | €2,079 | €594 | -€1,485 | -71.4% |
| Current assets | 29/58 | €199,133 | €201,876 | +€2,744 | +1.4% |
| Amounts receivable within one year | 40/41 | €9,227 | €7,233 | -€1,994 | -21.6% |
| Trade receivables | 40 | €5,163 | €5,705 | +€542 | +10.5% |
| Other amounts receivable | 41 | €4,064 | €1,527 | -€2,537 | -62.4% |
| Current investments | 50/53 | €127,000 | €157,000 | +€30,000 | +23.6% |
| Cash at bank and in hand | 54/58 | €59,962 | €32,797 | -€27,165 | -45.3% |
| Deferred charges and accrued income | 490/1 | €2,944 | €4,847 | +€1,903 | +64.6% |
| Total equity and liabilities | 10/49 | €201,212 | €202,470 | +€1,259 | +0.6% |
| Equity | 10/15 | €189,090 | €193,824 | +€4,734 | +2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €176,690 | €181,424 | +€4,734 | +2.7% |
| Distributable reserves | 133 | €176,690 | €181,424 | +€4,734 | +2.7% |
| Amounts payable | 17/49 | €12,122 | €8,646 | -€3,476 | -28.7% |
| Amounts payable within one year | 42/48 | €12,122 | €8,646 | -€3,476 | -28.7% |
| Trade debts | 44 | €1,427 | €2,479 | +€1,052 | +73.8% |
| Suppliers | 440/4 | €1,427 | €2,479 | +€1,052 | +73.8% |
| Taxes, remuneration and social security | 45 | €5,622 | €2,414 | -€3,208 | -57.1% |
| Taxes | 450/3 | €2,016 | €2,026 | +€10 | +0.5% |
| Remuneration and social security | 454/9 | €3,606 | €389 | -€3,218 | -89.2% |
| Other amounts payable | 47/48 | €5,073 | €3,753 | -€1,320 | -26.0% |
| Remuneration, social security and pensions | 62 | €19,055 | €19,711 | +€656 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,538 | €2,146 | -€3,392 | -61.2% |
| Other operating charges | 640/8 | €1,016 | €1,221 | +€205 | +20.2% |
| Gross operating margin | 9900 | €26,155 | €29,686 | +€3,531 | +13.5% |
| Operating profit (loss) | 9901 | €546 | €6,608 | +€6,062 | +1,111% |
| Financial income | 75/76B | €3,354 | €2,734 | -€621 | -18.5% |
| Recurring financial income | 75 | €3,354 | €2,734 | -€621 | -18.5% |
| Financial charges | 65/66B | €216 | €269 | +€53 | +24.6% |
| Recurring financial charges | 65 | €216 | €269 | +€53 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €3,684 | €9,072 | +€5,388 | +146% |
| Income taxes | 67/77 | €2,018 | €3,505 | +€1,487 | +73.7% |
| Profit (loss) for the period | 9904 | €1,666 | €5,567 | +€3,901 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €1,666 | €5,567 | +€3,901 | +234% |
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 24 October 2026 via checked.be.