GERVI 21: 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 21
NACE 47.639, Retail sale of other sporting goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€16,516
2024 · €47,732-€31,216
Equity
€707,692
2024 · €691,176+€16,516
Cash
€47,108
2024 · €40,068+€7,040
Balance sheet total
€2.1m
2024 · €2.0m+€130,994
Largest movements
Assets
- Stocks and contracts +€98,718
up €98,718 (+24.4%), from €405,078 to €503,796
- Receivables within one year +€91,801
up €91,801 (+92.3%), from €99,458 to €191,259
- Tangible fixed assets -€72,910
down €72,910 (-6.2%), from €1.2m to €1.1m
of which Land and buildings: -€59,277
Equity and liabilities
- Trade debts +€353,511
up €353,511 (+296%), from €119,534 to €473,045
- Debts after one year -€246,053
down €246,053 (-38.5%), from €639,349 to €393,296
Income statement
- Gross operating margin -€24,764
down €24,764 (-5.8%), from €427,083 to €402,319
- Staff costs +€16,997
up €16,997 (+7.0%), from €244,419 to €261,416
- Financial charges -€11,433
down €11,433 (-23.8%), from €48,007 to €36,574
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
€47,732
Gross operating margin
-€24,764
Staff costs
-€16,997
Depreciation
+€1,927
Other operating charges
-€676
Other operating items
+€289
Financial income
-€387
Financial charges
+€11,433
Taxes
-€2,041
Result 2025
€16,516
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€242,545
Investment
€0
Financing
-€235,505
Cash 2024
€40,068
From operations (derived)
+€242,545
Net result for the year
+€16,516
Depreciation
+€72,910
Stocks and contracts
-€98,718
Receivables within one year
-€91,801
Deferred charges and accrued income
-€6,345
Trade debts
+€353,511
Tax, wage and social debts
-€3,528
Financing
-€235,505
Debts after one year
-€246,053
Current portion of long-term debt
-€9,452
Short-term financial debts
+€20,000
Cash 2025
€47,108
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,982,403 | €2,113,397 | +€130,994 | +6.6% |
| Fixed assets | 21/28 | €1,185,239 | €1,112,329 | -€72,910 | -6.2% |
| Tangible fixed assets | 22/27 | €1,185,239 | €1,112,329 | -€72,910 | -6.2% |
| Land and buildings | 22 | €1,150,442 | €1,091,165 | -€59,277 | -5.2% |
| Furniture and vehicles | 24 | €21,318 | €15,360 | -€5,958 | -27.9% |
| Leasing and similar rights | 25 | €13,479 | €5,804 | -€7,675 | -56.9% |
| Current assets | 29/58 | €797,164 | €1,001,068 | +€203,904 | +25.6% |
| Stocks and contracts in progress | 3 | €405,078 | €503,796 | +€98,718 | +24.4% |
| Stocks | 30/36 | €405,078 | €503,796 | +€98,718 | +24.4% |
| Amounts receivable within one year | 40/41 | €99,458 | €191,259 | +€91,801 | +92.3% |
| Trade receivables | 40 | €99,458 | €191,259 | +€91,801 | +92.3% |
| Current investments | 50/53 | €248,000 | €248,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,068 | €47,108 | +€7,040 | +17.6% |
| Deferred charges and accrued income | 490/1 | €4,560 | €10,905 | +€6,345 | +139% |
| Total equity and liabilities | 10/49 | €1,982,403 | €2,113,397 | +€130,994 | +6.6% |
| Equity | 10/15 | €691,176 | €707,692 | +€16,516 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €629,176 | €645,692 | +€16,516 | +2.6% |
| Non-distributable reserves | 130/1 | €254,200 | €254,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €248,000 | €248,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,337 | €32,336 | -€1 | 0.0% |
| Distributable reserves | 133 | €342,639 | €359,156 | +€16,517 | +4.8% |
| Amounts payable | 17/49 | €1,291,227 | €1,405,705 | +€114,478 | +8.9% |
| Amounts payable after more than one year | 17 | €639,349 | €393,296 | -€246,053 | -38.5% |
| Financial debts | 170/4 | €639,349 | €393,296 | -€246,053 | -38.5% |
| Amounts payable within one year | 42/48 | €577,415 | €937,946 | +€360,531 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €251,258 | €241,806 | -€9,452 | -3.8% |
| Financial debts | 43 | €150,000 | €170,000 | +€20,000 | +13.3% |
| Credit institutions | 430/8 | €150,000 | €170,000 | +€20,000 | +13.3% |
| Trade debts | 44 | €119,534 | €473,045 | +€353,511 | +296% |
| Suppliers | 440/4 | €119,534 | €473,045 | +€353,511 | +296% |
| Taxes, remuneration and social security | 45 | €56,623 | €53,095 | -€3,528 | -6.2% |
| Taxes | 450/3 | €22,443 | €12,656 | -€9,787 | -43.6% |
| Remuneration and social security | 454/9 | €34,180 | €40,439 | +€6,259 | +18.3% |
| Accrued charges and deferred income | 492/3 | €74,463 | €74,463 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €244,419 | €261,416 | +€16,997 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,837 | €72,910 | -€1,927 | -2.6% |
| Other operating charges | 640/8 | €12,235 | €12,911 | +€676 | +5.5% |
| Non-recurring operating charges | 66A | €289 | - | -€289 | |
| Gross operating margin | 9900 | €427,083 | €402,319 | -€24,764 | -5.8% |
| Operating profit (loss) | 9901 | €95,303 | €55,082 | -€40,221 | -42.2% |
| Financial income | 75/76B | €436 | €49 | -€387 | -88.8% |
| Recurring financial income | 75 | €436 | €49 | -€387 | -88.8% |
| Financial charges | 65/66B | €48,007 | €36,574 | -€11,433 | -23.8% |
| Recurring financial charges | 65 | €48,007 | €36,574 | -€11,433 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €47,732 | €18,557 | -€29,175 | -61.1% |
| Income taxes | 67/77 | - | €2,041 | +€2,041 | |
| Profit (loss) for the period | 9904 | €47,732 | €16,516 | -€31,216 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,732 | €16,516 | -€31,216 | -65.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.