GHERYCK: 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.
GHERYCK
Largest movements
- Current investments +€20,000
up €20,000 (+20.0%), from €100,000 to €120,000
- Cash -€13,696
down €13,696 (-20.2%), from €67,937 to €54,241
mainly Contributions, distributions and other (-€200,000) and Current investments (-€20,000)
- Tangible fixed assets -€9,669
down €9,669 (-6.0%), from €160,155 to €150,487
of which Furniture and vehicles: -€9,594
- Reserves -€5,390
down €5,390 (-7.8%), from €69,127 to €63,737
of which Distributable reserves: -€5,390
- Tax, wage and social debts +€4,485
up €4,485 (+40.1%), from €11,192 to €15,676
- Gross operating margin +€28,574
up €28,574 (+11.3%), from €253,953 to €282,527
- Taxes +€5,836
up €5,836 (+9.8%), from €59,834 to €65,670
- Depreciation +€5,336
up €5,336 (+123.1%), from €4,333 to €9,669
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 | €343,152 | €342,327 | -€825 | -0.2% |
| Fixed assets | 21/28 | €160,155 | €150,487 | -€9,669 | -6.0% |
| Tangible fixed assets | 22/27 | €160,155 | €150,487 | -€9,669 | -6.0% |
| Land and buildings | 22 | €116,432 | €116,357 | -€75 | -0.1% |
| Furniture and vehicles | 24 | €43,723 | €34,129 | -€9,594 | -21.9% |
| Current assets | 29/58 | €182,997 | €191,841 | +€8,844 | +4.8% |
| Amounts receivable within one year | 40/41 | €13,058 | €15,500 | +€2,442 | +18.7% |
| Trade receivables | 40 | €12,100 | €12,500 | +€400 | +3.3% |
| Other amounts receivable | 41 | €958 | €3,000 | +€2,042 | +213.0% |
| Current investments | 50/53 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €67,937 | €54,241 | -€13,696 | -20.2% |
| Deferred charges and accrued income | 490/1 | €2,002 | €2,100 | +€98 | +4.9% |
| Total equity and liabilities | 10/49 | €343,152 | €342,327 | -€825 | -0.2% |
| Equity | 10/15 | €131,127 | €125,737 | -€5,390 | -4.1% |
| 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 | €69,127 | €63,737 | -€5,390 | -7.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €62,927 | €57,537 | -€5,390 | -8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €212,025 | €216,590 | +€4,565 | +2.2% |
| Amounts payable within one year | 42/48 | €211,962 | €216,561 | +€4,599 | +2.2% |
| Trade debts | 44 | €771 | €120 | -€651 | -84.4% |
| Suppliers | 440/4 | €771 | €120 | -€651 | -84.4% |
| Taxes, remuneration and social security | 45 | €11,192 | €15,676 | +€4,485 | +40.1% |
| Taxes | 450/3 | €11,192 | €15,676 | +€4,485 | +40.1% |
| Other amounts payable | 47/48 | €200,000 | €200,765 | +€765 | +0.4% |
| Accrued charges and deferred income | 492/3 | €63 | €29 | -€33 | -53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,333 | €9,669 | +€5,336 | +123.1% |
| Other operating charges | 640/8 | €13,678 | €13,777 | +€100 | +0.7% |
| Gross operating margin | 9900 | €253,953 | €282,527 | +€28,574 | +11.3% |
| Operating profit (loss) | 9901 | €235,943 | €259,081 | +€23,139 | +9.8% |
| Financial income | 75/76B | €3,010 | €1,202 | -€1,808 | -60.1% |
| Recurring financial income | 75 | €3,010 | €1,202 | -€1,808 | -60.1% |
| Financial charges | 65/66B | €0 | €3 | +€3 | |
| Recurring financial charges | 65 | €0 | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | €238,953 | €260,280 | +€21,327 | +8.9% |
| Income taxes | 67/77 | €59,834 | €65,670 | +€5,836 | +9.8% |
| Profit (loss) for the period | 9904 | €179,119 | €194,610 | +€15,491 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €179,119 | €194,610 | +€15,491 | +8.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.