La Gerbe: 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.
La Gerbe
Largest movements
- Receivables within one year -€38,775
down €38,775 (-31.5%), from €123,196 to €84,421
of which Other amounts receivable: -€35,971
- Tangible fixed assets +€6,367
up €6,367 (+6.8%), from €94,216 to €100,583
of which Land and buildings: +€14,121
- Cash +€4,671
up €4,671 (+2.0%), from €233,672 to €238,343
mainly Receivables within one year (+€38,775) and Depreciation (+€21,953)
- Profit (loss) carried forward -€11,757
down €11,757 (-9.4%), from €125,407 to €113,650
- Debts within one year -€8,964
down €8,964 (-4.6%), from €193,547 to €184,583
of which Trade debts: -€6,888
- Investment grants -€8,224
down €8,224 (-20.5%), from €40,077 to €31,853
- Gross operating margin -€290,695
down €290,695 (-21.6%), from €1.3m to €1.1m
- Staff costs -€182,922
down €182,922 (-14.9%), from €1.2m to €1.0m
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 | €457,530 | €428,585 | -€28,945 | -6.3% |
| Fixed assets | 21/28 | €94,216 | €100,583 | +€6,367 | +6.8% |
| Tangible fixed assets | 22/27 | €94,216 | €100,583 | +€6,367 | +6.8% |
| Land and buildings | 22 | €83,874 | €97,995 | +€14,121 | +16.8% |
| Plant, machinery and equipment | 23 | €662 | €331 | -€331 | -50.0% |
| Assets under construction and advance payments | 27 | €9,680 | €2,257 | -€7,423 | -76.7% |
| Current assets | 29/58 | €363,314 | €328,002 | -€35,312 | -9.7% |
| Amounts receivable within one year | 40/41 | €123,196 | €84,421 | -€38,775 | -31.5% |
| Trade receivables | 40 | €5,015 | €2,211 | -€2,804 | -55.9% |
| Other amounts receivable | 41 | €118,181 | €82,210 | -€35,971 | -30.4% |
| Cash at bank and in hand | 54/58 | €233,672 | €238,343 | +€4,671 | +2.0% |
| Deferred charges and accrued income | 490/1 | €6,446 | €5,238 | -€1,208 | -18.7% |
| Total equity and liabilities | 10/49 | €457,530 | €428,585 | -€28,945 | -6.3% |
| Equity | 10/15 | €260,484 | €240,503 | -€19,981 | -7.7% |
| Reserves | 13 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,407 | €113,650 | -€11,757 | -9.4% |
| Investment grants | 15 | €40,077 | €31,853 | -€8,224 | -20.5% |
| Amounts payable | 17/49 | €197,046 | €188,082 | -€8,964 | -4.5% |
| Amounts payable after more than one year | 17 | €3,499 | €3,499 | = | 0.0% |
| Other amounts payable | 178/9 | €3,499 | €3,499 | = | 0.0% |
| Amounts payable within one year | 42/48 | €193,547 | €184,583 | -€8,964 | -4.6% |
| Trade debts | 44 | €12,144 | €5,256 | -€6,888 | -56.7% |
| Suppliers | 440/4 | €12,144 | €5,256 | -€6,888 | -56.7% |
| Taxes, remuneration and social security | 45 | €163,027 | €176,357 | +€13,330 | +8.2% |
| Taxes | 450/3 | €27,527 | €31,735 | +€4,208 | +15.3% |
| Remuneration and social security | 454/9 | €135,500 | €144,622 | +€9,122 | +6.7% |
| Remuneration, social security and pensions | 62 | €1,229,556 | €1,046,634 | -€182,922 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,556 | €21,953 | +€3,397 | +18.3% |
| Other operating charges | 640/8 | €69 | €691 | +€622 | +901.4% |
| Gross operating margin | 9900 | €1,347,004 | €1,056,309 | -€290,695 | -21.6% |
| Operating profit (loss) | 9901 | €98,823 | -€12,969 | -€111,792 | |
| Financial income | 75/76B | €99 | €2,074 | +€1,975 | +1994.9% |
| Recurring financial income | 75 | €99 | €2,074 | +€1,975 | +1994.9% |
| Financial charges | 65/66B | €10,822 | €862 | -€9,960 | -92.0% |
| Recurring financial charges | 65 | €10,822 | €862 | -€9,960 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | €88,100 | -€11,757 | -€99,857 | |
| Profit (loss) for the period | 9904 | €88,100 | -€11,757 | -€99,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,100 | -€11,757 | -€99,857 |
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.