GHEERAERT SHARED SERVICES: what changed
What changed
GHEERAERT SHARED SERVICES
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€11,859
2024 · €18,085-€6,226
Equity
€95,043
2024 · €83,184+€11,859
Cash
€24,866
2024 · €85,891-€61,025
Balance sheet total
€522,467
2024 · €1.7m-€1.2m
Largest movements
Assets
- Receivables within one year -€1.1m
down €1.1m (-71.1%), from €1.6m to €453,089
of which Other amounts receivable: -€1.1m
- Cash -€61,025
down €61,025 (-71.0%), from €85,891 to €24,866
mainly Other debts (-€1.2m) and Debts after one year (-€5,449)
Equity and liabilities
- Other debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Trade debts +€40,742
up €40,742 (+15.1%), from €269,483 to €310,225
Income statement
- Staff costs +€69,846
up €69,846 (+15.2%), from €460,172 to €530,018
- Gross operating margin +€53,750
up €53,750 (+10.8%), from €499,039 to €552,789
- Financial income +€32,055
up €32,055 (+95.5%), from €33,577 to €65,633
- Financial charges +€22,975
up €22,975 (+60.6%), from €37,920 to €60,895
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€18,085
Gross operating margin
+€53,750
Staff costs
-€69,846
Depreciation
-€606
Other operating charges
+€155
Financial income
+€32,055
Financial charges
-€22,975
Taxes
+€1,242
Result 2025
€11,859
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€59,129
Investment
€0
Financing
-€1,896
Cash 2024
€85,891
From operations (derived)
-€59,129
Net result for the year
+€11,859
Depreciation
+€6,237
Receivables within one year
+€1.1m
Deferred charges and accrued income
-€5,315
Trade debts
+€40,742
Tax, wage and social debts
+€4,724
Other debts
-€1.2m
Accrued charges and deferred income
+€1,084
Financing
-€1,896
Debts after one year
-€5,449
Current portion of long-term debt
+€189
Short-term financial debts
+€3,364
Cash 2025
€24,866
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,701,245 | €522,467 | -€1.2m | -69.3% |
| Fixed assets | 21/28 | €25,553 | €19,316 | -€6,237 | -24.4% |
| Tangible fixed assets | 22/27 | €25,553 | €19,316 | -€6,237 | -24.4% |
| Furniture and vehicles | 24 | €25,553 | €19,316 | -€6,237 | -24.4% |
| Current assets | 29/58 | €1,675,691 | €503,151 | -€1.2m | -70.0% |
| Amounts receivable within one year | 40/41 | €1,569,920 | €453,089 | -€1.1m | -71.1% |
| Trade receivables | 40 | €189,128 | €154,743 | -€34,385 | -18.2% |
| Other amounts receivable | 41 | €1,380,792 | €298,346 | -€1.1m | -78.4% |
| Cash at bank and in hand | 54/58 | €85,891 | €24,866 | -€61,025 | -71.0% |
| Deferred charges and accrued income | 490/1 | €19,881 | €25,196 | +€5,315 | +26.7% |
| Total equity and liabilities | 10/49 | €1,701,245 | €522,467 | -€1.2m | -69.3% |
| Equity | 10/15 | €83,184 | €95,043 | +€11,859 | +14.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,184 | €70,043 | +€11,859 | +20.4% |
| Amounts payable | 17/49 | €1,618,061 | €427,424 | -€1.2m | -73.6% |
| Amounts payable after more than one year | 17 | €17,935 | €12,487 | -€5,449 | -30.4% |
| Financial debts | 170/4 | €17,935 | €12,487 | -€5,449 | -30.4% |
| Amounts payable within one year | 42/48 | €1,597,856 | €411,584 | -€1.2m | -74.2% |
| Current portion of amounts payable after more than one year | 42 | €5,259 | €5,449 | +€189 | +3.6% |
| Financial debts | 43 | - | €3,364 | +€3,364 | |
| Credit institutions | 430/8 | - | €3,364 | +€3,364 | |
| Trade debts | 44 | €269,483 | €310,225 | +€40,742 | +15.1% |
| Suppliers | 440/4 | €269,483 | €310,225 | +€40,742 | +15.1% |
| Taxes, remuneration and social security | 45 | €87,822 | €92,547 | +€4,724 | +5.4% |
| Taxes | 450/3 | €13,167 | €16,050 | +€2,883 | +21.9% |
| Remuneration and social security | 454/9 | €74,655 | €76,497 | +€1,841 | +2.5% |
| Other amounts payable | 47/48 | €1,235,291 | - | -€1.2m | |
| Accrued charges and deferred income | 492/3 | €2,270 | €3,353 | +€1,084 | +47.8% |
| Remuneration, social security and pensions | 62 | €460,172 | €530,018 | +€69,846 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,630 | €6,237 | +€606 | +10.8% |
| Other operating charges | 640/8 | €964 | €809 | -€155 | -16.1% |
| Gross operating margin | 9900 | €499,039 | €552,789 | +€53,750 | +10.8% |
| Operating profit (loss) | 9901 | €32,272 | €15,725 | -€16,547 | -51.3% |
| Financial income | 75/76B | €33,577 | €65,633 | +€32,055 | +95.5% |
| Recurring financial income | 75 | €33,577 | €65,633 | +€32,055 | +95.5% |
| Financial charges | 65/66B | €37,920 | €60,895 | +€22,975 | +60.6% |
| Recurring financial charges | 65 | €37,920 | €60,895 | +€22,975 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €27,930 | €20,462 | -€7,467 | -26.7% |
| Income taxes | 67/77 | €9,845 | €8,603 | -€1,242 | -12.6% |
| Profit (loss) for the period | 9904 | €18,085 | €11,859 | -€6,226 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,085 | €11,859 | -€6,226 | -34.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.