GEERCO: 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.
GEERCO
Largest movements
- Cash -€122,230
down €122,230 (-34.6%), from €353,060 to €230,830
mainly Other debts (-€119,338) and Net result for the year (-€17,502)
- Tangible fixed assets -€18,685
down €18,685 (-17.7%), from €105,756 to €87,070
of which Land and buildings: -€17,650
- Other debts -€119,338
down €119,338 (-94.5%), from €126,294 to €6,956
- Reserves -€17,502
down €17,502 (-5.1%), from €345,431 to €327,929
of which Distributable reserves: -€17,502
- Accrued charges and deferred income -€5,220
down €5,220 (-52.5%), from €9,937 to €4,717
- Gross operating margin -€11,779
down €11,779 (-80.3%), from €14,662 to €2,883
- Financial charges -€5,176
down €5,176 (-51.6%), from €10,033 to €4,857
- Financial income -€3,386
down €3,386 (-31.8%), from €10,644 to €7,258
- Depreciation -€440
down €440 (-2.3%), from €19,125 to €18,685
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.
Cash bridge derived
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 | €502,461 | €363,395 | -€139,066 | -27.7% |
| Fixed assets | 21/28 | €105,756 | €87,070 | -€18,685 | -17.7% |
| Tangible fixed assets | 22/27 | €105,756 | €87,070 | -€18,685 | -17.7% |
| Land and buildings | 22 | €102,650 | €85,000 | -€17,650 | -17.2% |
| Plant, machinery and equipment | 23 | €3,106 | €2,070 | -€1,035 | -33.3% |
| Current assets | 29/58 | €396,706 | €276,325 | -€120,381 | -30.3% |
| Stocks and contracts in progress | 3 | €35,701 | €35,633 | -€68 | -0.2% |
| Stocks | 30/36 | €35,701 | €35,633 | -€68 | -0.2% |
| Amounts receivable within one year | 40/41 | €7,945 | €9,861 | +€1,916 | +24.1% |
| Trade receivables | 40 | €597 | €490 | -€107 | -17.9% |
| Other amounts receivable | 41 | €7,348 | €9,371 | +€2,023 | +27.5% |
| Cash at bank and in hand | 54/58 | €353,060 | €230,830 | -€122,230 | -34.6% |
| Total equity and liabilities | 10/49 | €502,461 | €363,395 | -€139,066 | -27.7% |
| Equity | 10/15 | €365,934 | €348,432 | -€17,502 | -4.8% |
| Contributions | 10/11 | €20,503 | €20,503 | = | 0.0% |
| Reserves | 13 | €345,431 | €327,929 | -€17,502 | -5.1% |
| Non-distributable reserves | 130/1 | €9,555 | €9,555 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,555 | €3,595 | -€5,960 | -62.4% |
| Other | 1319 | - | €5,960 | +€5,960 | |
| Tax-exempt reserves | 132 | €10,896 | €10,896 | = | 0.0% |
| Distributable reserves | 133 | €324,980 | €307,478 | -€17,502 | -5.4% |
| Amounts payable | 17/49 | €136,528 | €14,963 | -€121,564 | -89.0% |
| Amounts payable within one year | 42/48 | €126,591 | €10,246 | -€116,344 | -91.9% |
| Trade debts | 44 | €297 | €285 | -€12 | -4.0% |
| Suppliers | 440/4 | €297 | €285 | -€12 | -4.0% |
| Taxes, remuneration and social security | 45 | - | €3,005 | +€3,005 | |
| Taxes | 450/3 | - | €3,005 | +€3,005 | |
| Other amounts payable | 47/48 | €126,294 | €6,956 | -€119,338 | -94.5% |
| Accrued charges and deferred income | 492/3 | €9,937 | €4,717 | -€5,220 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,125 | €18,685 | -€440 | -2.3% |
| Other operating charges | 640/8 | €3,978 | €4,101 | +€124 | +3.1% |
| Gross operating margin | 9900 | €14,662 | €2,883 | -€11,779 | -80.3% |
| Operating profit (loss) | 9901 | -€8,440 | -€19,903 | -€11,463 | -135.8% |
| Financial income | 75/76B | €10,644 | €7,258 | -€3,386 | -31.8% |
| Recurring financial income | 75 | €10,644 | €7,258 | -€3,386 | -31.8% |
| Financial charges | 65/66B | €10,033 | €4,857 | -€5,176 | -51.6% |
| Recurring financial charges | 65 | €10,033 | €4,857 | -€5,176 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,830 | -€17,502 | -€9,672 | -123.5% |
| Profit (loss) for the period | 9904 | -€7,830 | -€17,502 | -€9,672 | -123.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,830 | -€17,502 | -€9,672 | -123.5% |
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 11 October 2026 via checked.be.