SERGEANT GEBROEDERS: 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.
SERGEANT GEBROEDERS
Largest movements
- Cash -€56,315
down €56,315 (-36.0%), from €156,250 to €99,935
mainly Current investments (-€50,000) and Contributions, distributions and other (-€26,300)
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€4,880
down €4,880 (-29.3%), from €16,683 to €11,802
of which Plant, machinery and equipment: -€4,597
- Reserves -€15,897
down €15,897 (-17.3%), from €91,659 to €75,762
- Other debts +€4,426
up €4,426 (+22.0%), from €20,149 to €24,575
- Tax, wage and social debts +€3,822
up €3,822 (+146%), from €2,625 to €6,447
of which Taxes: +€3,822
- Trade debts -€2,220
down €2,220 (-31.0%), from €7,166 to €4,946
- Gross operating margin +€17,155
up €17,155 (+262%), from €6,545 to €23,700
- Taxes +€3,822
new in 2025: €3,822
- Other operating charges +€1,193
up €1,193 (+68.7%), from €1,736 to €2,929
- Depreciation -€1,030
down €1,030 (-14.1%), from €7,282 to €6,252
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 | €177,798 | €167,928 | -€9,870 | -5.6% |
| Fixed assets | 21/28 | €16,683 | €11,802 | -€4,880 | -29.3% |
| Tangible fixed assets | 22/27 | €16,683 | €11,802 | -€4,880 | -29.3% |
| Land and buildings | 22 | €8,595 | €8,595 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,750 | €3,153 | -€4,597 | -59.3% |
| Furniture and vehicles | 24 | €338 | €54 | -€284 | -83.9% |
| Current assets | 29/58 | €161,115 | €156,126 | -€4,989 | -3.1% |
| Amounts receivable within one year | 40/41 | €4,486 | €5,800 | +€1,314 | +29.3% |
| Trade receivables | 40 | €186 | €906 | +€720 | +388% |
| Other amounts receivable | 41 | €4,300 | €4,894 | +€594 | +13.8% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €156,250 | €99,935 | -€56,315 | -36.0% |
| Deferred charges and accrued income | 490/1 | €380 | €390 | +€11 | +2.9% |
| Total equity and liabilities | 10/49 | €177,798 | €167,928 | -€9,870 | -5.6% |
| Equity | 10/15 | €147,858 | €131,960 | -€15,897 | -10.8% |
| Contributions | 10/11 | €21,156 | €21,156 | = | 0.0% |
| Reserves | 13 | €91,659 | €75,762 | -€15,897 | -17.3% |
| Distributable reserves | 133 | €91,659 | €75,762 | -€15,897 | -17.3% |
| Profit (loss) carried forward | 14 | €35,042 | €35,042 | = | 0.0% |
| Amounts payable | 17/49 | €29,940 | €35,968 | +€6,027 | +20.1% |
| Amounts payable within one year | 42/48 | €29,940 | €35,968 | +€6,027 | +20.1% |
| Trade debts | 44 | €7,166 | €4,946 | -€2,220 | -31.0% |
| Suppliers | 440/4 | €7,166 | €4,946 | -€2,220 | -31.0% |
| Taxes, remuneration and social security | 45 | €2,625 | €6,447 | +€3,822 | +146% |
| Taxes | 450/3 | €1,125 | €4,947 | +€3,822 | +340% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €20,149 | €24,575 | +€4,426 | +22.0% |
| Remuneration, social security and pensions | 62 | - | €199 | +€199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,282 | €6,252 | -€1,030 | -14.1% |
| Other operating charges | 640/8 | €1,736 | €2,929 | +€1,193 | +68.7% |
| Gross operating margin | 9900 | €6,545 | €23,700 | +€17,155 | +262% |
| Operating profit (loss) | 9901 | -€2,472 | €14,320 | +€16,793 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +867% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +867% |
| Financial charges | 65/66B | €96 | €96 | +€0 | +0.4% |
| Recurring financial charges | 65 | €96 | €96 | +€0 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,568 | €14,225 | +€16,793 | |
| Income taxes | 67/77 | - | €3,822 | +€3,822 | |
| Profit (loss) for the period | 9904 | -€2,568 | €10,403 | +€12,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,568 | €10,403 | +€12,971 |
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 30 October 2026 via checked.be.