GERVI: 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.
What changed
GERVI
NACE 46.499, Wholesale of other household goods
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€266,701
2024 · -€241,430+€508,131
Equity
€5.0m
2024 · €4.8m+€206,502
Cash
€68,488
2024 · €79,289-€10,801
Balance sheet total
€9.7m
2024 · €9.7m+€27,828
Largest movements
Assets
- Tangible fixed assets -€193,282
down €193,282 (-5.2%), from €3.7m to €3.5m
of which Land and buildings: -€194,072
- Stocks and contracts +€177,069
up €177,069 (+4.5%), from €3.9m to €4.1m
Equity and liabilities
- Debts after one year -€390,996
down €390,996 (-15.7%), from €2.5m to €2.1m
- Short-term financial debts +€255,095
up €255,095 (+28.2%), from €905,242 to €1.2m
- Reserves +€206,501
up €206,501 (+4.7%), from €4.4m to €4.6m
of which Distributable reserves: +€206,501
- Trade debts -€104,859
down €104,859 (-15.1%), from €693,921 to €589,062
Income statement
- Goods and materials +€1.1m
up €1.1m (+15.1%), from €7.1m to €8.2m
of which Purchases: +€1.8m
- Turnover +€1.1m
up €1.1m (+9.2%), from €11.5m to €12.6m
- Staff costs -€528,068
down €528,068 (-24.8%), from €2.1m to €1.6m
- Services and other goods +€180,919
up €180,919 (+7.5%), from €2.4m to €2.6m
- Financial income +€175,360
up €175,360 (+51.5%), from €340,571 to €515,931
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.
Result 2024
-€241,430
Turnover
+€1.1m
Other operating income
-€7,836
Goods and materials
-€1.1m
Services and other goods
-€180,919
Staff costs
+€528,068
Depreciation
+€19,960
Write-downs
-€3,442
Other operating charges
-€501
Other operating items
-€23,348
Financial income
+€175,360
Financial charges
+€519
Taxes
+€14,908
Result 2025
€266,701
Cash bridge derived
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.
From operations
+€299,899
Investment
-€105,913
Financing
-€204,787
Cash 2024
€79,289
From operations (derived)
+€299,899
Net result for the year
+€266,701
Depreciation
+€299,045
Stocks and contracts
-€177,069
Receivables within one year
-€55,137
Deferred charges and accrued income
+€445
Trade debts
-€104,859
Tax, wage and social debts
+€10,645
Other debts
+€60,128
Investment (derived)
-€105,913
Investment in fixed assets (net)
-€105,913
Financing
-€204,787
Debts after one year
-€390,996
Current portion of long-term debt
-€8,687
Short-term financial debts
+€255,095
Contributions, distributions and other
-€60,199
Cash 2025
€68,488
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,721,750 | €9,749,578 | +€27,828 | +0.3% |
| Fixed assets | 21/28 | €3,714,572 | €3,521,440 | -€193,132 | -5.2% |
| Tangible fixed assets | 22/27 | €3,714,572 | €3,521,290 | -€193,282 | -5.2% |
| Land and buildings | 22 | €3,455,006 | €3,260,934 | -€194,072 | -5.6% |
| Plant, machinery and equipment | 23 | €64,314 | €46,046 | -€18,268 | -28.4% |
| Furniture and vehicles | 24 | €111,431 | €86,030 | -€25,401 | -22.8% |
| Leasing and similar rights | 25 | €75,822 | €123,795 | +€47,973 | +63.3% |
| Other tangible fixed assets | 26 | €7,999 | €4,485 | -€3,514 | -43.9% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Other financial fixed assets | 284/8 | - | €150 | +€150 | |
| Amounts receivable and cash guarantees | 285/8 | - | €150 | +€150 | |
| Current assets | 29/58 | €6,007,178 | €6,228,138 | +€220,960 | +3.7% |
| Stocks and contracts in progress | 3 | €3,907,806 | €4,084,875 | +€177,069 | +4.5% |
| Stocks | 30/36 | €3,907,806 | €4,084,875 | +€177,069 | +4.5% |
| Goods purchased for resale | 34 | €3,907,806 | €4,084,875 | +€177,069 | +4.5% |
| Amounts receivable within one year | 40/41 | €1,998,884 | €2,054,021 | +€55,137 | +2.8% |
| Trade receivables | 40 | €1,847,775 | €2,051,240 | +€203,465 | +11.0% |
| Other amounts receivable | 41 | €151,109 | €2,781 | -€148,328 | -98.2% |
| Cash at bank and in hand | 54/58 | €79,289 | €68,488 | -€10,801 | -13.6% |
| Deferred charges and accrued income | 490/1 | €21,199 | €20,754 | -€445 | -2.1% |
| Total equity and liabilities | 10/49 | €9,721,750 | €9,749,578 | +€27,828 | +0.3% |
| Equity | 10/15 | €4,780,618 | €4,987,120 | +€206,502 | +4.3% |
| Contributions | 10/11 | €354,487 | €354,488 | +€1 | 0.0% |
| Capital | 10 | €354,487 | €354,488 | +€1 | 0.0% |
| Issued capital | 100 | €354,487 | €354,488 | +€1 | 0.0% |
| Reserves | 13 | €4,426,131 | €4,632,632 | +€206,501 | +4.7% |
| Non-distributable reserves | 130/1 | €36,485 | €36,485 | = | 0.0% |
| Legal reserve | 130 | €35,448 | €35,449 | +€1 | 0.0% |
| Reserves not available under the articles | 1311 | €1,037 | €1,036 | -€1 | -0.1% |
| Distributable reserves | 133 | €4,389,646 | €4,596,147 | +€206,501 | +4.7% |
| Amounts payable | 17/49 | €4,941,132 | €4,762,458 | -€178,674 | -3.6% |
| Amounts payable after more than one year | 17 | €2,489,246 | €2,098,250 | -€390,996 | -15.7% |
| Financial debts | 170/4 | €2,489,246 | €2,098,250 | -€390,996 | -15.7% |
| Leasing and similar obligations | 172 | €46,262 | €88,394 | +€42,132 | +91.1% |
| Credit institutions | 173 | €2,442,984 | €2,009,856 | -€433,128 | -17.7% |
| Amounts payable within one year | 42/48 | €2,451,886 | €2,664,208 | +€212,322 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €485,766 | €477,079 | -€8,687 | -1.8% |
| Financial debts | 43 | €905,242 | €1,160,337 | +€255,095 | +28.2% |
| Credit institutions | 430/8 | €905,242 | €1,160,337 | +€255,095 | +28.2% |
| Trade debts | 44 | €693,921 | €589,062 | -€104,859 | -15.1% |
| Suppliers | 440/4 | €693,921 | €589,062 | -€104,859 | -15.1% |
| Taxes, remuneration and social security | 45 | €366,957 | €377,602 | +€10,645 | +2.9% |
| Taxes | 450/3 | €114,018 | €146,741 | +€32,723 | +28.7% |
| Remuneration and social security | 454/9 | €252,939 | €230,861 | -€22,078 | -8.7% |
| Other amounts payable | 47/48 | - | €60,128 | +€60,128 | |
| Operating income | 70/76A | €11,621,078 | €12,646,838 | +€1.0m | +8.8% |
| Turnover | 70 | €11,497,841 | €12,554,785 | +€1.1m | +9.2% |
| Other operating income | 74 | €97,889 | €90,053 | -€7,836 | -8.0% |
| Non-recurring operating income | 76A | €25,348 | €2,000 | -€23,348 | -92.1% |
| Operating charges | 60/66A | €12,041,516 | €12,749,932 | +€708,416 | +5.9% |
| Goods for resale, raw materials and consumables | 60 | €7,092,786 | €8,164,368 | +€1.1m | +15.1% |
| Purchases | 600/8 | €6,503,234 | €8,341,436 | +€1.8m | +28.3% |
| Change in stocks: decrease (increase) | 609 | €589,552 | -€177,068 | -€766,620 | |
| Services and other goods | 61 | €2,408,168 | €2,589,087 | +€180,919 | +7.5% |
| Remuneration, social security and pensions | 62 | €2,132,869 | €1,604,801 | -€528,068 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319,005 | €299,045 | -€19,960 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,432 | €1,010 | +€3,442 | |
| Other operating charges | 640/8 | €91,120 | €91,621 | +€501 | +0.5% |
| Operating profit (loss) | 9901 | -€420,438 | -€103,094 | +€317,344 | +75.5% |
| Financial income | 75/76B | €340,571 | €515,931 | +€175,360 | +51.5% |
| Recurring financial income | 75 | €340,571 | €515,931 | +€175,360 | +51.5% |
| Other financial income | 752/9 | €340,571 | €515,931 | +€175,360 | +51.5% |
| Financial charges | 65/66B | €145,474 | €144,955 | -€519 | -0.4% |
| Recurring financial charges | 65 | €145,474 | €144,955 | -€519 | -0.4% |
| Debt charges | 650 | €122,656 | €102,879 | -€19,777 | -16.1% |
| Other financial charges | 652/9 | €22,818 | €42,076 | +€19,258 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | -€225,341 | €267,882 | +€493,223 | |
| Income taxes | 67/77 | €16,089 | €1,181 | -€14,908 | -92.7% |
| Taxes | 670/3 | €16,089 | €1,318 | -€14,771 | -91.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €137 | +€137 | |
| Profit (loss) for the period | 9904 | -€241,430 | €266,701 | +€508,131 | |
| Profit (loss) for the period to be appropriated | 9905 | -€241,430 | €266,701 | +€508,131 |
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 10 October 2026 via checked.be.