MODELMAKERIJ VAN GERWEN: what changed
Two financial 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.
MODELMAKERIJ VAN GERWEN
Largest movements
- Intangible fixed assets +€75,953
new in 2025: €75,953
- Receivables within one year +€27,811
up €27,811 (+108%), from €25,663 to €53,474
of which Trade receivables: +€23,557
- Tangible fixed assets +€26,403
up €26,403 (+67.6%), from €39,059 to €65,462
of which Plant, machinery and equipment: +€27,946
- Stocks and contracts -€18,496
down €18,496 (-36.6%), from €50,480 to €31,984
of which Contracts in progress: -€33,880
- Cash +€9,297
up €9,297 (+168%), from €5,519 to €14,816
mainly Debts after one year (+€122,495) and Current portion of long-term debt (+€30,135)
- Debts after one year +€122,495
up €122,495 (+258%), from €47,391 to €169,886
of which Trade debts: +€132,044
- Profit (loss) carried forward -€30,879
down €30,879 (-112%), from -€27,588 to -€58,466
- Current portion of long-term debt +€30,135
up €30,135 (+333%), from €9,039 to €39,174
- Short-term financial debts -€11,277
no longer reported in 2025 (was €11,277)
- Trade debts +€4,590
up €4,590 (+12.4%), from €36,920 to €41,510
- Gross operating margin -€35,439
down €35,439 (-27.8%), from €127,556 to €92,117
- Depreciation +€3,297
up €3,297 (+36.6%), from €9,011 to €12,308
- Taxes -€2,750
down €2,750 (-95.1%), from €2,891 to €141
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.
Derived cash bridge
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 | €127,201 | €248,891 | +€121,691 | +95.7% |
| Fixed assets | 21/28 | €39,609 | €141,964 | +€102,355 | +258% |
| Intangible fixed assets | 21 | - | €75,953 | +€75,953 | |
| Tangible fixed assets | 22/27 | €39,059 | €65,462 | +€26,403 | +67.6% |
| Plant, machinery and equipment | 23 | €27,284 | €55,230 | +€27,946 | +102% |
| Furniture and vehicles | 24 | €10,067 | €8,813 | -€1,254 | -12.5% |
| Other tangible fixed assets | 26 | €1,708 | €1,419 | -€289 | -16.9% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €87,592 | €106,927 | +€19,335 | +22.1% |
| Stocks and contracts in progress | 3 | €50,480 | €31,984 | -€18,496 | -36.6% |
| Stocks | 30/36 | €16,600 | €31,984 | +€15,384 | +92.7% |
| Contracts in progress | 37 | €33,880 | - | -€33,880 | |
| Amounts receivable within one year | 40/41 | €25,663 | €53,474 | +€27,811 | +108% |
| Trade receivables | 40 | €19,404 | €42,961 | +€23,557 | +121% |
| Other amounts receivable | 41 | €6,259 | €10,513 | +€4,254 | +68.0% |
| Cash at bank and in hand | 54/58 | €5,519 | €14,816 | +€9,297 | +168% |
| Deferred charges and accrued income | 490/1 | €5,930 | €6,654 | +€724 | +12.2% |
| Total equity and liabilities | 10/49 | €127,201 | €248,891 | +€121,691 | +95.7% |
| Equity | 10/15 | €2,872 | -€28,006 | -€30,879 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,588 | -€58,466 | -€30,879 | -112% |
| Amounts payable | 17/49 | €124,328 | €276,898 | +€152,569 | +123% |
| Amounts payable after more than one year | 17 | €47,391 | €169,886 | +€122,495 | +258% |
| Financial debts | 170/4 | €2,049 | - | -€2,049 | |
| Trade debts | 175 | €20,342 | €152,386 | +€132,044 | +649% |
| Other amounts payable | 178/9 | €25,000 | €17,500 | -€7,500 | -30.0% |
| Amounts payable within one year | 42/48 | €75,530 | €101,543 | +€26,012 | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €9,039 | €39,174 | +€30,135 | +333% |
| Financial debts | 43 | €11,277 | - | -€11,277 | |
| Credit institutions | 430/8 | €11,277 | - | -€11,277 | |
| Trade debts | 44 | €36,920 | €41,510 | +€4,590 | +12.4% |
| Suppliers | 440/4 | €36,920 | €41,510 | +€4,590 | +12.4% |
| Taxes, remuneration and social security | 45 | €18,294 | €20,858 | +€2,564 | +14.0% |
| Taxes | 450/3 | €11,011 | €9,604 | -€1,407 | -12.8% |
| Remuneration and social security | 454/9 | €7,283 | €11,254 | +€3,971 | +54.5% |
| Accrued charges and deferred income | 492/3 | €1,407 | €5,470 | +€4,062 | +289% |
| Remuneration, social security and pensions | 62 | €94,266 | €95,398 | +€1,133 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,011 | €12,308 | +€3,297 | +36.6% |
| Other operating charges | 640/8 | €9,121 | €8,274 | -€847 | -9.3% |
| Gross operating margin | 9900 | €127,556 | €92,117 | -€35,439 | -27.8% |
| Operating profit (loss) | 9901 | €15,158 | -€23,864 | -€39,022 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +20,033% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +20,033% |
| Financial charges | 65/66B | €6,994 | €6,880 | -€114 | -1.6% |
| Recurring financial charges | 65 | €6,994 | €6,880 | -€114 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €8,164 | -€30,738 | -€38,901 | |
| Income taxes | 67/77 | €2,891 | €141 | -€2,750 | -95.1% |
| Profit (loss) for the period | 9904 | €5,273 | -€30,879 | -€36,151 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,273 | -€30,879 | -€36,151 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.