GeRa: what changed
Two fiscal 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.
GeRa
Largest movements
- Cash -€38,137
down €38,137 (-81.7%), from €46,666 to €8,530
mainly Receivables within one year (-€27,656) and Investment in fixed assets (net) (-€18,338)
- Receivables within one year +€27,656
up €27,656 (+3.1%), from €895,836 to €923,491
of which Other amounts receivable: +€39,756
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€8,632
up €8,632 (+1254.1%), from €688 to €9,320
- Gross operating margin -€4,144
down €4,144 (-42.2%), from €9,829 to €5,685
- Financial income +€3,915
up €3,915 (+54.4%), from €7,199 to €11,113
of which Financial income: +€4,741
- Taxes -€2,307
down €2,307 (-74.8%), from €3,083 to €777
- Financial charges -€371
down €371 (-6.7%), from €5,531 to €5,159
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 | €944,897 | €943,515 | -€1,382 | -0.1% |
| Fixed assets | 21/28 | €1,862 | €10,880 | +€9,018 | +484.3% |
| Tangible fixed assets | 22/27 | €1,862 | €10,880 | +€9,018 | +484.3% |
| Plant, machinery and equipment | 23 | €180 | €55 | -€125 | -69.4% |
| Furniture and vehicles | 24 | €1,382 | €10,825 | +€9,443 | +683.1% |
| Other tangible fixed assets | 26 | €300 | - | -€300 | |
| Current assets | 29/58 | €943,035 | €932,634 | -€10,400 | -1.1% |
| Amounts receivable within one year | 40/41 | €895,836 | €923,491 | +€27,656 | +3.1% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €883,736 | €923,491 | +€39,756 | +4.5% |
| Cash at bank and in hand | 54/58 | €46,666 | €8,530 | -€38,137 | -81.7% |
| Deferred charges and accrued income | 490/1 | €533 | €613 | +€80 | +15.1% |
| Total equity and liabilities | 10/49 | €944,897 | €943,515 | -€1,382 | -0.1% |
| Equity | 10/15 | €932,245 | €932,305 | +€61 | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €929,245 | €929,305 | +€61 | 0.0% |
| Distributable reserves | 133 | €929,245 | €929,305 | +€61 | 0.0% |
| Amounts payable | 17/49 | €12,652 | €11,209 | -€1,443 | -11.4% |
| Amounts payable after more than one year | 17 | €2,000 | €2,000 | = | 0.0% |
| Financial debts | 170/4 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,652 | €9,209 | -€1,443 | -13.5% |
| Trade debts | 44 | €502 | €4,302 | +€3,800 | +756.6% |
| Suppliers | 440/4 | €502 | €4,302 | +€3,800 | +756.6% |
| Taxes, remuneration and social security | 45 | €9,159 | €3,916 | -€5,243 | -57.2% |
| Taxes | 450/3 | €6,981 | €3,916 | -€3,066 | -43.9% |
| Remuneration and social security | 454/9 | €2,177 | - | -€2,177 | |
| Other amounts payable | 47/48 | €992 | €992 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €9,320 | +€8,632 | +1254.1% |
| Other operating charges | 640/8 | €1,666 | €1,482 | -€185 | -11.1% |
| Gross operating margin | 9900 | €9,829 | €5,685 | -€4,144 | -42.2% |
| Operating profit (loss) | 9901 | €7,475 | -€5,117 | -€12,592 | |
| Financial income | 75/76B | €7,199 | €11,113 | +€3,915 | +54.4% |
| Recurring financial income | 75 | €6,372 | €11,113 | +€4,741 | +74.4% |
| Non-recurring financial income | 76B | €826 | - | -€826 | |
| Financial charges | 65/66B | €5,531 | €5,159 | -€371 | -6.7% |
| Recurring financial charges | 65 | €5,531 | €5,159 | -€371 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €9,143 | €837 | -€8,306 | -90.8% |
| Income taxes | 67/77 | €3,083 | €777 | -€2,307 | -74.8% |
| Profit (loss) for the period | 9904 | €6,060 | €61 | -€5,999 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,060 | €61 | -€5,999 | -99.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.