S - GERSTBLOEM: 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.
S - GERSTBLOEM
Largest movements
- Cash +€136,286
up €136,286 (+22.1%), from €616,136 to €752,422
mainly Net result for the year (+€108,608) and Depreciation (+€26,495)
- Tangible fixed assets -€26,495
down €26,495 (-3.8%), from €703,681 to €677,186
- Reserves +€108,000
up €108,000 (+9.3%), from €1.2m to €1.3m
of which Distributable reserves: +€108,000
- Taxes +€40,406
up €40,406 (+328%), from €12,312 to €52,718
- Gross operating margin +€17,883
up €17,883 (+11.4%), from €156,973 to €174,856
- Financial income +€12,345
up €12,345 (+38.2%), from €32,279 to €44,624
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 | €2,283,663 | €2,389,030 | +€105,367 | +4.6% |
| Fixed assets | 21/28 | €704,476 | €678,367 | -€26,109 | -3.7% |
| Tangible fixed assets | 22/27 | €703,681 | €677,186 | -€26,495 | -3.8% |
| Land and buildings | 22 | €703,681 | €677,186 | -€26,495 | -3.8% |
| Financial fixed assets | 28 | €795 | €1,181 | +€386 | +48.6% |
| Current assets | 29/58 | €1,579,187 | €1,710,663 | +€131,476 | +8.3% |
| Amounts receivable within one year | 40/41 | €2,872 | €202 | -€2,670 | -93.0% |
| Other amounts receivable | 41 | €2,872 | €202 | -€2,670 | -93.0% |
| Current investments | 50/53 | €954,478 | €951,340 | -€3,138 | -0.3% |
| Cash at bank and in hand | 54/58 | €616,136 | €752,422 | +€136,286 | +22.1% |
| Deferred charges and accrued income | 490/1 | €5,701 | €6,699 | +€998 | +17.5% |
| Total equity and liabilities | 10/49 | €2,283,663 | €2,389,030 | +€105,367 | +4.6% |
| Equity | 10/15 | €2,257,051 | €2,365,659 | +€108,608 | +4.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €91,680 | €91,680 | = | 0.0% |
| Reserves | 13 | €1,165,000 | €1,273,000 | +€108,000 | +9.3% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €1,065,000 | €1,173,000 | +€108,000 | +10.1% |
| Profit (loss) carried forward | 14 | €371 | €979 | +€608 | +164% |
| Amounts payable | 17/49 | €26,612 | €23,371 | -€3,241 | -12.2% |
| Amounts payable within one year | 42/48 | €8,359 | €23,371 | +€15,012 | +180% |
| Trade debts | 44 | €8,131 | €6,962 | -€1,169 | -14.4% |
| Suppliers | 440/4 | €8,131 | €6,962 | -€1,169 | -14.4% |
| Taxes, remuneration and social security | 45 | €228 | €14,140 | +€13,912 | +6,102% |
| Taxes | 450/3 | €228 | €14,140 | +€13,912 | +6,102% |
| Other amounts payable | 47/48 | - | €2,269 | +€2,269 | |
| Accrued charges and deferred income | 492/3 | €18,253 | - | -€18,253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,381 | €26,495 | -€886 | -3.2% |
| Other operating charges | 640/8 | €31,146 | €30,455 | -€691 | -2.2% |
| Non-recurring operating charges | 66A | - | €603 | +€603 | |
| Gross operating margin | 9900 | €156,973 | €174,856 | +€17,883 | +11.4% |
| Operating profit (loss) | 9901 | €98,446 | €117,303 | +€18,857 | +19.2% |
| Financial income | 75/76B | €32,279 | €44,624 | +€12,345 | +38.2% |
| Recurring financial income | 75 | €32,279 | €44,624 | +€12,345 | +38.2% |
| Financial charges | 65/66B | €435 | €601 | +€166 | +38.2% |
| Recurring financial charges | 65 | €435 | €601 | +€166 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €130,290 | €161,326 | +€31,036 | +23.8% |
| Income taxes | 67/77 | €12,312 | €52,718 | +€40,406 | +328% |
| Profit (loss) for the period | 9904 | €117,978 | €108,608 | -€9,370 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €117,978 | €108,608 | -€9,370 | -7.9% |
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 19 October 2026 via checked.be.