GERTRUDE.BE: 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.
GERTRUDE.BE
Largest movements
- Cash -€9,519
down €9,519 (-65.6%), from €14,513 to €4,994
mainly Net result for the year (-€13,391) and Advances received (-€10,716)
- Receivables within one year -€3,326
down €3,326 (-33.2%), from €10,007 to €6,681
of which Trade receivables: -€3,921
- Profit (loss) carried forward -€13,391
down €13,391 (-96.1%), from -€13,940 to -€27,331
- Advances received -€10,716
no longer reported in 2025 (was €10,716)
- Trade debts +€6,157
up €6,157 (+986%), from €625 to €6,782
- Other debts +€5,823
up €5,823 (+32.6%), from €17,880 to €23,704
- Tax, wage and social debts -€597
down €597 (-29.2%), from €2,043 to €1,446
- Gross operating margin -€19,115
down €19,115, from €7,778 to -€11,337
- Other operating charges -€202
down €202 (-21.6%), from €934 to €732
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 | €37,193 | €24,450 | -€12,743 | -34.3% |
| Fixed assets | 21/28 | €5,560 | €5,560 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,900 | €1,900 | = | 0.0% |
| Furniture and vehicles | 24 | €1,900 | €1,900 | = | 0.0% |
| Financial fixed assets | 28 | €3,660 | €3,660 | = | 0.0% |
| Current assets | 29/58 | €31,633 | €18,890 | -€12,743 | -40.3% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,007 | €6,681 | -€3,326 | -33.2% |
| Trade receivables | 40 | €10,004 | €6,083 | -€3,921 | -39.2% |
| Other amounts receivable | 41 | €3 | €598 | +€595 | +21,105% |
| Cash at bank and in hand | 54/58 | €14,513 | €4,994 | -€9,519 | -65.6% |
| Deferred charges and accrued income | 490/1 | €1,113 | €1,215 | +€102 | +9.2% |
| Total equity and liabilities | 10/49 | €37,193 | €24,450 | -€12,743 | -34.3% |
| Equity | 10/15 | €5,910 | -€7,481 | -€13,391 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,250 | €1,250 | = | 0.0% |
| Distributable reserves | 133 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,940 | -€27,331 | -€13,391 | -96.1% |
| Amounts payable | 17/49 | €31,283 | €31,931 | +€648 | +2.1% |
| Amounts payable within one year | 42/48 | €31,263 | €31,931 | +€668 | +2.1% |
| Trade debts | 44 | €625 | €6,782 | +€6,157 | +986% |
| Suppliers | 440/4 | €625 | €6,782 | +€6,157 | +986% |
| Advances received on contracts in progress | 46 | €10,716 | - | -€10,716 | |
| Taxes, remuneration and social security | 45 | €2,043 | €1,446 | -€597 | -29.2% |
| Taxes | 450/3 | €2,043 | €1,446 | -€597 | -29.2% |
| Other amounts payable | 47/48 | €17,880 | €23,704 | +€5,823 | +32.6% |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Other operating charges | 640/8 | €934 | €732 | -€202 | -21.6% |
| Gross operating margin | 9900 | €7,778 | -€11,337 | -€19,115 | |
| Operating profit (loss) | 9901 | €6,844 | -€12,070 | -€18,913 | |
| Financial income | 75/76B | €0 | €21 | +€21 | +104,700% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +104,700% |
| Financial charges | 65/66B | €1,249 | €1,179 | -€70 | -5.6% |
| Recurring financial charges | 65 | €1,249 | €1,179 | -€70 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €5,594 | -€13,228 | -€18,822 | |
| Income taxes | 67/77 | €168 | €163 | -€5 | -2.9% |
| Profit (loss) for the period | 9904 | €5,426 | -€13,391 | -€18,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,426 | -€13,391 | -€18,817 |
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.