VINCENT GERIN: 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.
VINCENT GERIN
Largest movements
- Receivables within one year +€35,857
up €35,857 (+15.8%), from €226,416 to €262,273
of which Trade receivables: +€42,000
- Other debts +€44,034
up €44,034 (+83.1%), from €53,010 to €97,044
- Profit (loss) carried forward -€33,912
down €33,912, from €12,754 to -€21,158
- Trade debts +€28,013
up €28,013 (+21.8%), from €128,517 to €156,530
- Gross operating margin -€45,001
down €45,001, from €13,470 to -€31,530
- Financial charges -€1,686
down €1,686 (-55.6%), from €3,029 to €1,344
- Taxes -€847
down €847 (-84.7%), from €1,000 to €153
- Other operating charges +€433
up €433 (+96.0%), from €451 to €885
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,483 | €263,343 | +€35,860 | +15.8% |
| Fixed assets | 21/28 | €33 | €33 | = | 0.0% |
| Financial fixed assets | 28 | €33 | €33 | = | 0.0% |
| Current assets | 29/58 | €227,450 | €263,310 | +€35,860 | +15.8% |
| Stocks and contracts in progress | 3 | €895 | €895 | = | 0.0% |
| Stocks | 30/36 | €895 | €895 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €226,416 | €262,273 | +€35,857 | +15.8% |
| Trade receivables | 40 | - | €42,000 | +€42,000 | |
| Other amounts receivable | 41 | €226,416 | €220,273 | -€6,143 | -2.7% |
| Deferred charges and accrued income | 490/1 | €139 | €141 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €227,483 | €263,343 | +€35,860 | +15.8% |
| Equity | 10/15 | €30,796 | -€3,116 | -€33,912 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,642 | €5,642 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,742 | €3,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,754 | -€21,158 | -€33,912 | |
| Amounts payable | 17/49 | €196,687 | €266,459 | +€69,772 | +35.5% |
| Amounts payable within one year | 42/48 | €196,407 | €266,459 | +€70,052 | +35.7% |
| Financial debts | 43 | €6,759 | €7,295 | +€536 | +7.9% |
| Credit institutions | 430/8 | €6,759 | €7,295 | +€536 | +7.9% |
| Trade debts | 44 | €128,517 | €156,530 | +€28,013 | +21.8% |
| Suppliers | 440/4 | €128,517 | €156,530 | +€28,013 | +21.8% |
| Taxes, remuneration and social security | 45 | €8,122 | €5,591 | -€2,531 | -31.2% |
| Taxes | 450/3 | €8,122 | €5,591 | -€2,531 | -31.2% |
| Other amounts payable | 47/48 | €53,010 | €97,044 | +€44,034 | +83.1% |
| Accrued charges and deferred income | 492/3 | €280 | - | -€280 | |
| Other operating charges | 640/8 | €451 | €885 | +€433 | +96.0% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €13,470 | -€31,530 | -€45,001 | |
| Operating profit (loss) | 9901 | €13,019 | -€32,415 | -€45,434 | |
| Financial charges | 65/66B | €3,029 | €1,344 | -€1,686 | -55.6% |
| Recurring financial charges | 65 | €3,029 | €1,344 | -€1,686 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €9,989 | -€33,759 | -€43,748 | |
| Income taxes | 67/77 | €1,000 | €153 | -€847 | -84.7% |
| Profit (loss) for the period | 9904 | €8,989 | -€33,912 | -€42,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,989 | -€33,912 | -€42,902 |
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 20 October 2026 via checked.be.