Gertjan De Boever: what changed
Gertjan De Boever
Largest movements
- Receivables within one year +€54,383
new in 2025: €54,383
of which Other amounts receivable: +€42,062
- Tangible fixed assets +€18,333
up €18,333 (+1,580%), from €1,161 to €19,494
of which Other tangible fixed assets: +€18,504
- Cash +€1,819
up €1,819 (+3.9%), from €46,308 to €48,127
mainly Net result for the year (+€85,852) and Other debts (+€54,227)
- Other debts +€54,227
up €54,227 (+171%), from €31,676 to €85,903
- Tax, wage and social debts +€18,150
up €18,150 (+71.6%), from €25,336 to €43,487
- Trade debts +€2,474
up €2,474 (+776%), from €319 to €2,793
- Gross operating margin +€48,601
up €48,601 (+68.0%), from €71,473 to €120,074
- Taxes +€15,812
up €15,812 (+101%), from €15,654 to €31,466
- Depreciation +€1,496
up €1,496 (+875%), from €171 to €1,667
- Financial income +€1,314
new in 2025: €1,314
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 | €78,136 | €153,472 | +€75,336 | +96.4% |
| Fixed assets | 21/28 | €1,161 | €19,494 | +€18,333 | +1,580% |
| Tangible fixed assets | 22/27 | €1,161 | €19,494 | +€18,333 | +1,580% |
| Furniture and vehicles | 24 | €1,161 | €990 | -€171 | -14.7% |
| Other tangible fixed assets | 26 | - | €18,504 | +€18,504 | |
| Current assets | 29/58 | €76,975 | €133,978 | +€57,003 | +74.1% |
| Amounts receivable after more than one year | 29 | €30,500 | €30,500 | = | 0.0% |
| Other amounts receivable | 291 | €30,500 | €30,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €54,383 | +€54,383 | |
| Trade receivables | 40 | - | €12,321 | +€12,321 | |
| Other amounts receivable | 41 | - | €42,062 | +€42,062 | |
| Cash at bank and in hand | 54/58 | €46,308 | €48,127 | +€1,819 | +3.9% |
| Deferred charges and accrued income | 490/1 | €167 | €968 | +€801 | +479% |
| Total equity and liabilities | 10/49 | €78,136 | €153,472 | +€75,336 | +96.4% |
| Equity | 10/15 | €20,805 | €21,289 | +€484 | +2.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,805 | €6,289 | +€484 | +8.3% |
| Amounts payable | 17/49 | €57,331 | €132,183 | +€74,852 | +131% |
| Amounts payable within one year | 42/48 | €57,331 | €132,183 | +€74,852 | +131% |
| Trade debts | 44 | €319 | €2,793 | +€2,474 | +776% |
| Suppliers | 440/4 | €319 | €2,793 | +€2,474 | +776% |
| Taxes, remuneration and social security | 45 | €25,336 | €43,487 | +€18,150 | +71.6% |
| Taxes | 450/3 | €25,336 | €43,487 | +€18,150 | +71.6% |
| Other amounts payable | 47/48 | €31,676 | €85,903 | +€54,227 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171 | €1,667 | +€1,496 | +875% |
| Other operating charges | 640/8 | €595 | €1,651 | +€1,056 | +178% |
| Gross operating margin | 9900 | €71,473 | €120,074 | +€48,601 | +68.0% |
| Operating profit (loss) | 9901 | €70,707 | €116,756 | +€46,049 | +65.1% |
| Financial income | 75/76B | - | €1,314 | +€1,314 | |
| Recurring financial income | 75 | - | €1,314 | +€1,314 | |
| Financial charges | 65/66B | €1,021 | €753 | -€268 | -26.3% |
| Recurring financial charges | 65 | €1,021 | €753 | -€268 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €69,687 | €117,318 | +€47,631 | +68.4% |
| Income taxes | 67/77 | €15,654 | €31,466 | +€15,812 | +101% |
| Profit (loss) for the period | 9904 | €54,033 | €85,852 | +€31,819 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,033 | €85,852 | +€31,819 | +58.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.