P. GERARD & CO.: 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.
P. GERARD & CO.
Largest movements
- Receivables within one year +€22,086
up €22,086 (+17.9%), from €123,662 to €145,748
of which Trade receivables: +€11,346
- Cash -€5,946
down €5,946 (-26.4%), from €22,509 to €16,563
mainly Receivables within one year (-€22,086) and Tax, wage and social debts (-€1,034)
- Profit (loss) carried forward +€16,921
up €16,921 (+26.5%), from €63,931 to €80,853
- Staff costs +€3,047
up €3,047 (+3.7%), from €83,269 to €86,316
- Financial income +€2,838
up €2,838 (+4,015%), from €71 to €2,909
- Gross operating margin +€2,811
up €2,811 (+2.8%), from €98,730 to €101,540
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 | €147,335 | €163,511 | +€16,176 | +11.0% |
| Current assets | 29/58 | €147,335 | €163,511 | +€16,176 | +11.0% |
| Amounts receivable within one year | 40/41 | €123,662 | €145,748 | +€22,086 | +17.9% |
| Trade receivables | 40 | €74,190 | €85,536 | +€11,346 | +15.3% |
| Other amounts receivable | 41 | €49,473 | €60,212 | +€10,740 | +21.7% |
| Cash at bank and in hand | 54/58 | €22,509 | €16,563 | -€5,946 | -26.4% |
| Deferred charges and accrued income | 490/1 | €1,163 | €1,199 | +€36 | +3.1% |
| Total equity and liabilities | 10/49 | €147,335 | €163,511 | +€16,176 | +11.0% |
| Equity | 10/15 | €132,131 | €149,053 | +€16,921 | +12.8% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,931 | €80,853 | +€16,921 | +26.5% |
| Amounts payable | 17/49 | €15,203 | €14,458 | -€745 | -4.9% |
| Amounts payable within one year | 42/48 | €15,203 | €14,458 | -€745 | -4.9% |
| Trade debts | 44 | €3,764 | €4,052 | +€288 | +7.7% |
| Suppliers | 440/4 | €3,764 | €4,052 | +€288 | +7.7% |
| Taxes, remuneration and social security | 45 | €11,439 | €10,405 | -€1,034 | -9.0% |
| Taxes | 450/3 | €1,393 | €0 | -€1,393 | -100% |
| Remuneration and social security | 454/9 | €10,046 | €10,405 | +€360 | +3.6% |
| Remuneration, social security and pensions | 62 | €83,269 | €86,316 | +€3,047 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €1,106 | +€718 | +185% |
| Gross operating margin | 9900 | €98,730 | €101,540 | +€2,811 | +2.8% |
| Operating profit (loss) | 9901 | €15,074 | €14,119 | -€955 | -6.3% |
| Financial income | 75/76B | €71 | €2,909 | +€2,838 | +4,015% |
| Recurring financial income | 75 | €71 | €2,909 | +€2,838 | +4,015% |
| Financial charges | 65/66B | €151 | €106 | -€45 | -29.5% |
| Recurring financial charges | 65 | €151 | €106 | -€45 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €14,993 | €16,921 | +€1,928 | +12.9% |
| Profit (loss) for the period | 9904 | €14,993 | €16,921 | +€1,928 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,993 | €16,921 | +€1,928 | +12.9% |
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 26 October 2026 via checked.be.