GERT VAN HUFFEL: 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 VAN HUFFEL
Largest movements
- Tangible fixed assets +€9,366
up €9,366 (+1.7%), from €539,742 to €549,108
of which Furniture and vehicles: +€9,997
- Cash -€7,381
down €7,381 (-22.8%), from €32,425 to €25,044
mainly Other debts (-€180,113) and Investment in fixed assets (net) (-€31,720)
- Other debts -€180,113
down €180,113 (-57.5%), from €313,051 to €132,938
- Reserves +€175,461
up €175,461 (+69.4%), from €252,769 to €428,230
of which Distributable reserves: +€175,461
- Tax, wage and social debts +€12,445
up €12,445 (+178%), from €7,010 to €19,455
- Gross operating margin +€10,883
up €10,883 (+33.0%), from €32,983 to €43,866
- Taxes +€3,854
up €3,854 (+88.8%), from €4,339 to €8,193
- Financial charges -€2,322
down €2,322 (-18.2%), from €12,792 to €10,469
- Other operating charges +€921
up €921 (+60.0%), from €1,536 to €2,456
- Depreciation -€838
down €838 (-3.6%), from €23,193 to €22,354
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 | €581,373 | €588,348 | +€6,975 | +1.2% |
| Fixed assets | 21/28 | €539,742 | €549,108 | +€9,366 | +1.7% |
| Tangible fixed assets | 22/27 | €539,742 | €549,108 | +€9,366 | +1.7% |
| Land and buildings | 22 | €510,177 | €510,177 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,222 | €2,655 | +€434 | +19.5% |
| Furniture and vehicles | 24 | €24,148 | €34,145 | +€9,997 | +41.4% |
| Other tangible fixed assets | 26 | €3,195 | €2,130 | -€1,065 | -33.3% |
| Current assets | 29/58 | €41,631 | €39,240 | -€2,391 | -5.7% |
| Amounts receivable within one year | 40/41 | €8,146 | €13,460 | +€5,313 | +65.2% |
| Trade receivables | 40 | - | €13,460 | +€13,460 | |
| Other amounts receivable | 41 | €8,146 | - | -€8,146 | |
| Cash at bank and in hand | 54/58 | €32,425 | €25,044 | -€7,381 | -22.8% |
| Deferred charges and accrued income | 490/1 | €1,060 | €737 | -€323 | -30.5% |
| Total equity and liabilities | 10/49 | €581,373 | €588,348 | +€6,975 | +1.2% |
| Equity | 10/15 | €250,093 | €425,948 | +€175,855 | +70.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €252,769 | €428,230 | +€175,461 | +69.4% |
| Tax-exempt reserves | 132 | €18,136 | €18,136 | = | 0.0% |
| Distributable reserves | 133 | €234,633 | €410,094 | +€175,461 | +74.8% |
| Profit (loss) carried forward | 14 | -€8,876 | -€8,482 | +€394 | +4.4% |
| Amounts payable | 17/49 | €331,279 | €162,399 | -€168,880 | -51.0% |
| Amounts payable within one year | 42/48 | €331,279 | €162,399 | -€168,880 | -51.0% |
| Trade debts | 44 | €11,219 | €10,006 | -€1,213 | -10.8% |
| Suppliers | 440/4 | €11,219 | €10,006 | -€1,213 | -10.8% |
| Taxes, remuneration and social security | 45 | €7,010 | €19,455 | +€12,445 | +178% |
| Taxes | 450/3 | €7,010 | €19,455 | +€12,445 | +178% |
| Other amounts payable | 47/48 | €313,051 | €132,938 | -€180,113 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,193 | €22,354 | -€838 | -3.6% |
| Other operating charges | 640/8 | €1,536 | €2,456 | +€921 | +60.0% |
| Gross operating margin | 9900 | €32,983 | €43,866 | +€10,883 | +33.0% |
| Operating profit (loss) | 9901 | €8,255 | €19,055 | +€10,800 | +131% |
| Financial income | 75/76B | €0 | €0 | +€0 | +800% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +800% |
| Financial charges | 65/66B | €12,792 | €10,469 | -€2,322 | -18.2% |
| Recurring financial charges | 65 | €12,792 | €10,469 | -€2,322 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,537 | €8,586 | +€13,123 | |
| Income taxes | 67/77 | €4,339 | €8,193 | +€3,854 | +88.8% |
| Profit (loss) for the period | 9904 | -€8,876 | €394 | +€9,269 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,876 | €394 | +€9,269 |
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 1 November 2026 via checked.be.