GERT VAN LOOCK: 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 LOOCK
Largest movements
- Tangible fixed assets -€45,026
down €45,026 (-38.3%), from €117,645 to €72,619
of which Plant, machinery and equipment: -€29,362
- Receivables within one year -€40,952
down €40,952 (-68.5%), from €59,814 to €18,863
of which Trade receivables: -€47,960
- Deferred charges and accrued income +€6,540
new in 2025: €6,540
- Other debts -€28,784
down €28,784 (-65.7%), from €43,821 to €15,037
- Current portion of long-term debt -€21,596
down €21,596 (-57.0%), from €37,868 to €16,272
- Trade debts -€16,555
down €16,555 (-62.5%), from €26,508 to €9,953
- Debts after one year -€16,272
down €16,272 (-35.0%), from €46,456 to €30,184
- Gross operating margin -€38,217
down €38,217 (-41.1%), from €92,876 to €54,659
- Taxes -€8,569
down €8,569 (-89.6%), from €9,561 to €992
- Depreciation -€4,792
down €4,792 (-9.0%), from €53,198 to €48,406
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 | €325,671 | €243,836 | -€81,835 | -25.1% |
| Fixed assets | 21/28 | €117,645 | €72,619 | -€45,026 | -38.3% |
| Tangible fixed assets | 22/27 | €117,645 | €72,619 | -€45,026 | -38.3% |
| Land and buildings | 22 | - | €1,723 | +€1,723 | |
| Plant, machinery and equipment | 23 | €52,841 | €23,479 | -€29,362 | -55.6% |
| Furniture and vehicles | 24 | €64,805 | €47,417 | -€17,387 | -26.8% |
| Current assets | 29/58 | €208,025 | €171,217 | -€36,808 | -17.7% |
| Amounts receivable within one year | 40/41 | €59,814 | €18,863 | -€40,952 | -68.5% |
| Trade receivables | 40 | €59,814 | €11,855 | -€47,960 | -80.2% |
| Other amounts receivable | 41 | - | €7,008 | +€7,008 | |
| Cash at bank and in hand | 54/58 | €148,211 | €145,814 | -€2,397 | -1.6% |
| Deferred charges and accrued income | 490/1 | - | €6,540 | +€6,540 | |
| Total equity and liabilities | 10/49 | €325,671 | €243,836 | -€81,835 | -25.1% |
| Equity | 10/15 | €157,503 | €159,590 | +€2,087 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,903 | €140,990 | +€2,087 | +1.5% |
| Distributable reserves | 133 | €138,903 | €140,990 | +€2,087 | +1.5% |
| Amounts payable | 17/49 | €168,168 | €84,247 | -€83,921 | -49.9% |
| Amounts payable after more than one year | 17 | €46,456 | €30,184 | -€16,272 | -35.0% |
| Financial debts | 170/4 | €46,456 | €30,184 | -€16,272 | -35.0% |
| Amounts payable within one year | 42/48 | €121,712 | €54,063 | -€67,649 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €37,868 | €16,272 | -€21,596 | -57.0% |
| Financial debts | 43 | €2,705 | €2,691 | -€13 | -0.5% |
| Credit institutions | 430/8 | €2,705 | €2,691 | -€13 | -0.5% |
| Trade debts | 44 | €26,508 | €9,953 | -€16,555 | -62.5% |
| Suppliers | 440/4 | €26,508 | €9,953 | -€16,555 | -62.5% |
| Taxes, remuneration and social security | 45 | €10,811 | €10,109 | -€701 | -6.5% |
| Taxes | 450/3 | €7,569 | €6,868 | -€701 | -9.3% |
| Remuneration and social security | 454/9 | €3,242 | €3,242 | = | 0.0% |
| Other amounts payable | 47/48 | €43,821 | €15,037 | -€28,784 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,198 | €48,406 | -€4,792 | -9.0% |
| Other operating charges | 640/8 | €505 | €573 | +€67 | +13.3% |
| Gross operating margin | 9900 | €92,876 | €54,659 | -€38,217 | -41.1% |
| Operating profit (loss) | 9901 | €39,173 | €5,681 | -€33,493 | -85.5% |
| Financial charges | 65/66B | €2,993 | €2,602 | -€391 | -13.1% |
| Recurring financial charges | 65 | €2,993 | €2,602 | -€391 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €36,180 | €3,078 | -€33,102 | -91.5% |
| Income taxes | 67/77 | €9,561 | €992 | -€8,569 | -89.6% |
| Profit (loss) for the period | 9904 | €26,619 | €2,087 | -€24,533 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,619 | €2,087 | -€24,533 | -92.2% |
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 25 October 2026 via checked.be.