GERVINPROD: what changed
Two fiscal 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.
GERVINPROD
Largest movements
- Tangible fixed assets -€38,837
down €38,837 (-4.5%), from €856,973 to €818,137
- Deferred charges and accrued income +€22,228
new in 2025: €22,228
- Cash -€10,427
down €10,427 (-91.4%), from €11,408 to €981
mainly Debts after one year (-€29,173) and Deferred charges and accrued income (-€22,228)
- Debts after one year -€29,173
down €29,173 (-3.4%), from €868,675 to €839,503
of which Financial debts: -€31,173
- Profit (loss) carried forward -€14,807
down €14,807 (-39.7%), from -€37,292 to -€52,098
- Accrued charges and deferred income +€11,877
new in 2025: €11,877
- Gross operating margin +€21,399
up €21,399 (+54.7%), from €39,121 to €60,520
- Depreciation -€11,290
down €11,290 (-22.5%), from €50,127 to €38,837
- Other operating charges +€4,693
up €4,693 (+175.5%), from €2,674 to €7,367
- Staff costs +€3,949
new in 2025: €3,949
- Financial charges +€1,563
up €1,563 (+6.6%), from €23,612 to €25,175
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €868,382 | €841,806 | -€26,575 | -3.1% |
| Fixed assets | 21/28 | €856,973 | €818,347 | -€38,627 | -4.5% |
| Tangible fixed assets | 22/27 | €856,973 | €818,137 | -€38,837 | -4.5% |
| Land and buildings | 22 | €856,973 | €818,137 | -€38,837 | -4.5% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €11,408 | €23,460 | +€12,051 | +105.6% |
| Amounts receivable within one year | 40/41 | - | €250 | +€250 | |
| Trade receivables | 40 | - | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €11,408 | €981 | -€10,427 | -91.4% |
| Deferred charges and accrued income | 490/1 | - | €22,228 | +€22,228 | |
| Total equity and liabilities | 10/49 | €868,382 | €841,806 | -€26,575 | -3.1% |
| Equity | 10/15 | -€33,292 | -€48,098 | -€14,807 | -44.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,292 | -€52,098 | -€14,807 | -39.7% |
| Amounts payable | 17/49 | €901,673 | €889,905 | -€11,769 | -1.3% |
| Amounts payable after more than one year | 17 | €868,675 | €839,503 | -€29,173 | -3.4% |
| Financial debts | 170/4 | €555,645 | €524,472 | -€31,173 | -5.6% |
| Other amounts payable | 178/9 | €313,030 | €315,030 | +€2,000 | +0.6% |
| Amounts payable within one year | 42/48 | €32,998 | €38,525 | +€5,527 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €29,982 | €31,173 | +€1,191 | +4.0% |
| Trade debts | 44 | €342 | €2,449 | +€2,107 | +615.5% |
| Suppliers | 440/4 | €342 | €2,449 | +€2,107 | +615.5% |
| Taxes, remuneration and social security | 45 | - | €2,229 | +€2,229 | |
| Remuneration and social security | 454/9 | - | €2,229 | +€2,229 | |
| Other amounts payable | 47/48 | €2,674 | €2,674 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €11,877 | +€11,877 | |
| Remuneration, social security and pensions | 62 | - | €3,949 | +€3,949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,127 | €38,837 | -€11,290 | -22.5% |
| Other operating charges | 640/8 | €2,674 | €7,367 | +€4,693 | +175.5% |
| Gross operating margin | 9900 | €39,121 | €60,520 | +€21,399 | +54.7% |
| Operating profit (loss) | 9901 | -€13,680 | €10,368 | +€24,048 | |
| Financial charges | 65/66B | €23,612 | €25,175 | +€1,563 | +6.6% |
| Recurring financial charges | 65 | €23,612 | €25,175 | +€1,563 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,292 | -€14,807 | +€22,485 | +60.3% |
| Profit (loss) for the period | 9904 | -€37,292 | -€14,807 | +€22,485 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,292 | -€14,807 | +€22,485 | +60.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.