Karol Gheeraert: what changed
What changed
Karol Gheeraert
NACE 69.109, Other legal services
filed annual accounts (NBB)
Net result for the year
€39,179
2024 · €33,627+€5,552
Equity
€10,404
2024 · €99,225-€88,821
Cash
€154,235
2024 · €112,392+€41,843
Balance sheet total
€166,277
2024 · €126,180+€40,097
Largest movements
Assets
- Cash +€41,843
up €41,843 (+37.2%), from €112,392 to €154,235
mainly Other debts (+€129,217) and Net result for the year (+€39,179)
Equity and liabilities
- Other debts +€129,217
up €129,217 (+2,421%), from €5,338 to €134,555
- Reserves -€88,821
down €88,821 (-99.5%), from €89,225 to €404
- Tax, wage and social debts -€3,086
down €3,086 (-16.3%), from €18,877 to €15,792
- Trade debts +€2,442
up €2,442 (+111%), from €2,209 to €4,651
Income statement
- Gross operating margin +€6,570
up €6,570 (+14.1%), from €46,730 to €53,300
- Taxes +€1,441
up €1,441 (+15.9%), from €9,045 to €10,486
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
€33,627
Gross operating margin
+€6,570
Depreciation
+€367
Other operating charges
-€126
Financial income
+€0
Financial charges
+€182
Taxes
-€1,441
Result 2025
€39,179
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
+€169,498
Investment
€0
Financing
-€127,656
Cash 2024
€112,392
From operations (derived)
+€169,498
Net result for the year
+€39,179
Depreciation
+€1,119
Receivables within one year
+€626
Trade debts
+€2,442
Tax, wage and social debts
-€3,086
Other debts
+€129,217
Accrued charges and deferred income
+€1
Financing
-€127,656
Short-term financial debts
+€344
Contributions, distributions and other
-€128,000
Cash 2025
€154,235
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,180 | €166,277 | +€40,097 | +31.8% |
| Fixed assets | 21/28 | €1,609 | €491 | -€1,119 | -69.5% |
| Tangible fixed assets | 22/27 | €1,609 | €491 | -€1,119 | -69.5% |
| Furniture and vehicles | 24 | €1,609 | €491 | -€1,119 | -69.5% |
| Current assets | 29/58 | €124,571 | €165,787 | +€41,216 | +33.1% |
| Amounts receivable within one year | 40/41 | €11,721 | €11,095 | -€626 | -5.3% |
| Trade receivables | 40 | €11,616 | €11,086 | -€530 | -4.6% |
| Other amounts receivable | 41 | €105 | €9 | -€96 | -91.7% |
| Cash at bank and in hand | 54/58 | €112,392 | €154,235 | +€41,843 | +37.2% |
| Deferred charges and accrued income | 490/1 | €457 | €457 | = | 0.0% |
| Total equity and liabilities | 10/49 | €126,180 | €166,277 | +€40,097 | +31.8% |
| Equity | 10/15 | €99,225 | €10,404 | -€88,821 | -89.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €89,225 | €404 | -€88,821 | -99.5% |
| Distributable reserves | 133 | €89,225 | €404 | -€88,821 | -99.5% |
| Amounts payable | 17/49 | €26,955 | €155,873 | +€128,919 | +478% |
| Amounts payable within one year | 42/48 | €26,578 | €155,496 | +€128,918 | +485% |
| Financial debts | 43 | €154 | €498 | +€344 | +223% |
| Credit institutions | 430/8 | €154 | €498 | +€344 | +223% |
| Trade debts | 44 | €2,209 | €4,651 | +€2,442 | +111% |
| Suppliers | 440/4 | €2,209 | €4,651 | +€2,442 | +111% |
| Taxes, remuneration and social security | 45 | €18,877 | €15,792 | -€3,086 | -16.3% |
| Taxes | 450/3 | €18,877 | €15,792 | -€3,086 | -16.3% |
| Other amounts payable | 47/48 | €5,338 | €134,555 | +€129,217 | +2,421% |
| Accrued charges and deferred income | 492/3 | €376 | €377 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,486 | €1,119 | -€367 | -24.7% |
| Other operating charges | 640/8 | €528 | €654 | +€126 | +23.9% |
| Gross operating margin | 9900 | €46,730 | €53,300 | +€6,570 | +14.1% |
| Operating profit (loss) | 9901 | €44,716 | €51,527 | +€6,811 | +15.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,043 | €1,862 | -€182 | -8.9% |
| Recurring financial charges | 65 | €2,043 | €1,862 | -€182 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €42,672 | €49,665 | +€6,993 | +16.4% |
| Income taxes | 67/77 | €9,045 | €10,486 | +€1,441 | +15.9% |
| Profit (loss) for the period | 9904 | €33,627 | €39,179 | +€5,552 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,627 | €39,179 | +€5,552 | +16.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.