GERT VANDECRAEN: what changed
GERT VANDECRAEN
Largest movements
- Current investments +€30,000
up €30,000 (+100%), from €30,000 to €60,000
- Cash +€28,043
up €28,043 (+23.2%), from €120,933 to €148,975
mainly Net result for the year (+€39,698) and Other debts (+€21,567)
- Receivables within one year -€4,879
down €4,879 (-31.8%), from €15,330 to €10,451
of which Other amounts receivable: -€2,828
- Tangible fixed assets -€3,930
down €3,930 (-30.0%), from €13,112 to €9,183
of which Plant, machinery and equipment: -€2,294
- Reserves +€21,621
up €21,621 (+19.1%), from €113,341 to €134,962
of which Distributable reserves: +€21,621
- Other debts +€21,567
up €21,567 (+163%), from €13,224 to €34,791
- Tax, wage and social debts +€5,605
up €5,605 (+909%), from €617 to €6,222
- Gross operating margin +€29,632
up €29,632 (+95.2%), from €31,129 to €60,760
- Taxes +€7,925
up €7,925 (+108%), from €7,337 to €15,262
- Depreciation +€991
up €991 (+24.9%), from €3,973 to €4,964
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,375 | €228,609 | +€49,234 | +27.4% |
| Fixed assets | 21/28 | €13,112 | €9,183 | -€3,930 | -30.0% |
| Tangible fixed assets | 22/27 | €13,112 | €9,183 | -€3,930 | -30.0% |
| Plant, machinery and equipment | 23 | €6,569 | €4,275 | -€2,294 | -34.9% |
| Furniture and vehicles | 24 | €6,543 | €4,907 | -€1,636 | -25.0% |
| Current assets | 29/58 | €166,262 | €219,426 | +€53,164 | +32.0% |
| Amounts receivable within one year | 40/41 | €15,330 | €10,451 | -€4,879 | -31.8% |
| Trade receivables | 40 | €12,502 | €10,451 | -€2,051 | -16.4% |
| Other amounts receivable | 41 | €2,828 | €0 | -€2,828 | -100% |
| Current investments | 50/53 | €30,000 | €60,000 | +€30,000 | +100% |
| Cash at bank and in hand | 54/58 | €120,933 | €148,975 | +€28,043 | +23.2% |
| Total equity and liabilities | 10/49 | €179,375 | €228,609 | +€49,234 | +27.4% |
| Equity | 10/15 | €165,078 | €186,699 | +€21,621 | +13.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €113,341 | €134,962 | +€21,621 | +19.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,719 | €1,719 | = | 0.0% |
| Distributable reserves | 133 | €109,762 | €131,383 | +€21,621 | +19.7% |
| Profit (loss) carried forward | 14 | €39,338 | €39,338 | = | 0.0% |
| Amounts payable | 17/49 | €14,296 | €41,910 | +€27,613 | +193% |
| Amounts payable within one year | 42/48 | €14,296 | €41,910 | +€27,613 | +193% |
| Trade debts | 44 | €456 | €897 | +€441 | +96.7% |
| Suppliers | 440/4 | €456 | €897 | +€441 | +96.7% |
| Taxes, remuneration and social security | 45 | €617 | €6,222 | +€5,605 | +909% |
| Taxes | 450/3 | €617 | €6,222 | +€5,605 | +909% |
| Other amounts payable | 47/48 | €13,224 | €34,791 | +€21,567 | +163% |
| Non-recurring operating income | 76A | €2,380 | €1,339 | -€1,041 | -43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,973 | €4,964 | +€991 | +24.9% |
| Other operating charges | 640/8 | €1,113 | €607 | -€506 | -45.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,129 | €60,760 | +€29,632 | +95.2% |
| Operating profit (loss) | 9901 | €26,043 | €55,190 | +€29,147 | +112% |
| Financial income | 75/76B | €548 | €605 | +€57 | +10.3% |
| Recurring financial income | 75 | €548 | €605 | +€57 | +10.3% |
| Financial charges | 65/66B | €613 | €834 | +€222 | +36.1% |
| Recurring financial charges | 65 | €613 | €834 | +€222 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €25,978 | €54,960 | +€28,982 | +112% |
| Income taxes | 67/77 | €7,337 | €15,262 | +€7,925 | +108% |
| Profit (loss) for the period | 9904 | €18,641 | €39,698 | +€21,057 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €18,641 | €39,698 | +€21,057 | +113% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.