BT GERONSTERE: 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.
BT GERONSTERE
Largest movements
- Tangible fixed assets +€155,337
up €155,337 (+390%), from €39,876 to €195,213
of which Other tangible fixed assets: +€126,394
- Cash -€112,288
down €112,288 (-96.4%), from €116,511 to €4,224
mainly Investment in fixed assets (net) (-€163,241) and Contributions, distributions and other (-€55,742)
- Receivables within one year +€24,668
up €24,668 (+42.2%), from €58,497 to €83,166
of which Trade receivables: +€35,360
- Trade debts +€161,004
up €161,004 (+203%), from €79,147 to €240,152
- Reserves -€44,073
down €44,073 (-66.1%), from €66,640 to €22,567
of which Distributable reserves: -€44,073
- Profit (loss) carried forward -€28,935
down €28,935, from €19,461 to -€9,475
- Other debts -€14,565
down €14,565 (-33.3%), from €43,785 to €29,221
- Tax, wage and social debts -€4,851
down €4,851 (-76.7%), from €6,328 to €1,477
- Gross operating margin -€56,112
down €56,112, from €48,121 to -€7,991
- Depreciation -€9,182
down €9,182 (-53.7%), from €17,086 to €7,904
- Taxes -€6,561
down €6,561 (-99.5%), from €6,596 to €34
- Other operating charges -€3,462
down €3,462 (-73.5%), from €4,712 to €1,250
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,887 | €285,037 | +€67,151 | +30.8% |
| Fixed assets | 21/28 | €42,175 | €197,511 | +€155,337 | +368% |
| Tangible fixed assets | 22/27 | €39,876 | €195,213 | +€155,337 | +390% |
| Plant, machinery and equipment | 23 | - | €14,142 | +€14,142 | |
| Furniture and vehicles | 24 | €30,159 | €44,960 | +€14,801 | +49.1% |
| Other tangible fixed assets | 26 | €9,717 | €136,112 | +€126,394 | +1,301% |
| Financial fixed assets | 28 | €2,298 | €2,298 | = | 0.0% |
| Current assets | 29/58 | €175,712 | €87,526 | -€88,186 | -50.2% |
| Amounts receivable within one year | 40/41 | €58,497 | €83,166 | +€24,668 | +42.2% |
| Trade receivables | 40 | €38,740 | €74,100 | +€35,360 | +91.3% |
| Other amounts receivable | 41 | €19,757 | €9,065 | -€10,691 | -54.1% |
| Cash at bank and in hand | 54/58 | €116,511 | €4,224 | -€112,288 | -96.4% |
| Deferred charges and accrued income | 490/1 | €703 | €137 | -€567 | -80.6% |
| Total equity and liabilities | 10/49 | €217,887 | €285,037 | +€67,151 | +30.8% |
| Equity | 10/15 | €86,701 | €13,693 | -€73,008 | -84.2% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €66,640 | €22,567 | -€44,073 | -66.1% |
| 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 | €64,780 | €20,707 | -€44,073 | -68.0% |
| Profit (loss) carried forward | 14 | €19,461 | -€9,475 | -€28,935 | |
| Amounts payable | 17/49 | €131,186 | €271,344 | +€140,159 | +107% |
| Amounts payable within one year | 42/48 | €129,261 | €271,344 | +€142,084 | +110% |
| Trade debts | 44 | €79,147 | €240,152 | +€161,004 | +203% |
| Suppliers | 440/4 | €79,147 | €240,152 | +€161,004 | +203% |
| Advances received on contracts in progress | 46 | - | €495 | +€495 | |
| Taxes, remuneration and social security | 45 | €6,328 | €1,477 | -€4,851 | -76.7% |
| Taxes | 450/3 | €6,328 | €1,477 | -€4,851 | -76.7% |
| Other amounts payable | 47/48 | €43,785 | €29,221 | -€14,565 | -33.3% |
| Accrued charges and deferred income | 492/3 | €1,925 | - | -€1,925 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,086 | €7,904 | -€9,182 | -53.7% |
| Other operating charges | 640/8 | €4,712 | €1,250 | -€3,462 | -73.5% |
| Gross operating margin | 9900 | €48,121 | -€7,991 | -€56,112 | |
| Operating profit (loss) | 9901 | €26,323 | -€17,146 | -€43,468 | |
| Financial income | 75/76B | €1 | €70 | +€69 | +5,928% |
| Recurring financial income | 75 | €1 | €70 | +€69 | +5,928% |
| Financial charges | 65/66B | €267 | €156 | -€111 | -41.6% |
| Recurring financial charges | 65 | €267 | €156 | -€111 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €26,056 | -€17,232 | -€43,288 | |
| Income taxes | 67/77 | €6,596 | €34 | -€6,561 | -99.5% |
| Profit (loss) for the period | 9904 | €19,461 | -€17,266 | -€36,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,461 | -€17,266 | -€36,727 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.