GERVAISE: 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.
GERVAISE
Largest movements
- Tangible fixed assets -€12,760
down €12,760 (-33.7%), from €37,864 to €25,104
of which Plant, machinery and equipment: -€11,845
- Receivables within one year +€7,704
up €7,704 (+17.8%), from €43,343 to €51,047
of which Trade receivables: +€9,327
- Cash -€7,399
no longer reported in 2024 (was €7,399)
mainly Net result for the year (-€14,860) and Receivables within one year (-€7,704)
- Deferred charges and accrued income +€3,732
up €3,732 (+337%), from €1,107 to €4,839
- Profit (loss) carried forward -€14,860
down €14,860 (-19.6%), from -€75,763 to -€90,623
- Other debts +€9,509
up €9,509 (+22.9%), from €41,470 to €50,979
- Debts after one year -€6,466
down €6,466 (-58.9%), from €10,970 to €4,504
- Trade debts +€5,622
up €5,622 (+60.9%), from €9,235 to €14,857
- Tax, wage and social debts -€3,873
down €3,873 (-38.3%), from €10,116 to €6,244
of which Remuneration and social security: -€3,652
- Staff costs -€20,012
down €20,012 (-18.2%), from €110,257 to €90,245
- Financial charges +€8,587
up €8,587 (+15.6%), from €55,107 to €63,694
- Gross operating margin -€6,802
down €6,802 (-4.2%), from €163,241 to €156,439
- Provisions -€5,161
down €5,161 (-71.6%), from €7,205 to €2,044
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,751 | €85,028 | -€8,723 | -9.3% |
| Fixed assets | 21/28 | €41,902 | €29,143 | -€12,760 | -30.5% |
| Tangible fixed assets | 22/27 | €37,864 | €25,104 | -€12,760 | -33.7% |
| Plant, machinery and equipment | 23 | €36,649 | €24,804 | -€11,845 | -32.3% |
| Furniture and vehicles | 24 | €615 | - | -€615 | |
| Other tangible fixed assets | 26 | €600 | €300 | -€300 | -50.0% |
| Financial fixed assets | 28 | €4,039 | €4,039 | = | 0.0% |
| Current assets | 29/58 | €51,848 | €55,885 | +€4,037 | +7.8% |
| Amounts receivable within one year | 40/41 | €43,343 | €51,047 | +€7,704 | +17.8% |
| Trade receivables | 40 | €33,562 | €42,889 | +€9,327 | +27.8% |
| Other amounts receivable | 41 | €9,780 | €8,158 | -€1,623 | -16.6% |
| Cash at bank and in hand | 54/58 | €7,399 | - | -€7,399 | |
| Deferred charges and accrued income | 490/1 | €1,107 | €4,839 | +€3,732 | +337% |
| Total equity and liabilities | 10/49 | €93,751 | €85,028 | -€8,723 | -9.3% |
| Equity | 10/15 | -€50,707 | -€65,567 | -€14,860 | -29.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €18,859 | €18,859 | = | 0.0% |
| Distributable reserves | 133 | €18,859 | €18,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,763 | -€90,623 | -€14,860 | -19.6% |
| Provisions and deferred taxes | 16 | €58,009 | €60,053 | +€2,044 | +3.5% |
| Provisions for liabilities and charges | 160/5 | €58,009 | €60,053 | +€2,044 | +3.5% |
| Other liabilities and charges | 164/5 | €58,009 | €60,053 | +€2,044 | +3.5% |
| Amounts payable | 17/49 | €86,448 | €90,542 | +€4,094 | +4.7% |
| Amounts payable after more than one year | 17 | €10,970 | €4,504 | -€6,466 | -58.9% |
| Financial debts | 170/4 | €10,970 | €4,504 | -€6,466 | -58.9% |
| Amounts payable within one year | 42/48 | €73,854 | €85,725 | +€11,871 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €9,646 | €8,278 | -€1,367 | -14.2% |
| Financial debts | 43 | €3,387 | €5,367 | +€1,980 | +58.5% |
| Credit institutions | 430/8 | €3,387 | €5,367 | +€1,980 | +58.5% |
| Trade debts | 44 | €9,235 | €14,857 | +€5,622 | +60.9% |
| Suppliers | 440/4 | €9,235 | €14,857 | +€5,622 | +60.9% |
| Taxes, remuneration and social security | 45 | €10,116 | €6,244 | -€3,873 | -38.3% |
| Taxes | 450/3 | €220 | - | -€220 | |
| Remuneration and social security | 454/9 | €9,896 | €6,244 | -€3,652 | -36.9% |
| Other amounts payable | 47/48 | €41,470 | €50,979 | +€9,509 | +22.9% |
| Accrued charges and deferred income | 492/3 | €1,624 | €313 | -€1,312 | -80.8% |
| Remuneration, social security and pensions | 62 | €110,257 | €90,245 | -€20,012 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,712 | €14,680 | +€968 | +7.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,205 | €2,044 | -€5,161 | -71.6% |
| Other operating charges | 640/8 | €384 | €426 | +€42 | +10.9% |
| Gross operating margin | 9900 | €163,241 | €156,439 | -€6,802 | -4.2% |
| Operating profit (loss) | 9901 | €31,683 | €49,044 | +€17,361 | +54.8% |
| Financial income | 75/76B | €8 | €1 | -€7 | -83.5% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -83.5% |
| Financial charges | 65/66B | €55,107 | €63,694 | +€8,587 | +15.6% |
| Recurring financial charges | 65 | €55,107 | €63,694 | +€8,587 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,416 | -€14,650 | +€8,767 | +37.4% |
| Income taxes | 67/77 | €220 | €211 | -€9 | -4.2% |
| Profit (loss) for the period | 9904 | -€23,636 | -€14,860 | +€8,776 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,636 | -€14,860 | +€8,776 | +37.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.