GERA-FLEUR: 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-FLEUR
Largest movements
- Cash +€65,541
up €65,541 (+49.8%), from €131,608 to €197,149
mainly Other debts (+€26,709) and Trade debts (+€23,745)
- Receivables within one year -€13,247
down €13,247 (-6.8%), from €194,574 to €181,327
of which Trade receivables: -€10,205
- Other debts +€26,709
up €26,709 (+35.5%), from €75,248 to €101,957
- Trade debts +€23,745
up €23,745 (+2607.6%), from €911 to €24,655
- Gross operating margin -€11,130
down €11,130 (-23.7%), from €47,047 to €35,916
- Write-downs +€7,204
new in 2025: €7,204
- Taxes -€5,533
down €5,533 (-49.5%), from €11,171 to €5,638
- Other operating charges +€1,818
up €1,818 (+354.2%), from €513 to €2,332
- Financial charges +€1,010
up €1,010 (+14.2%), from €7,094 to €8,105
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 | €327,015 | €379,242 | +€52,228 | +16.0% |
| Fixed assets | 21/28 | €77 | €0 | -€77 | -100.0% |
| Tangible fixed assets | 22/27 | €77 | €0 | -€77 | -100.0% |
| Furniture and vehicles | 24 | €77 | €0 | -€77 | -100.0% |
| Current assets | 29/58 | €326,937 | €379,242 | +€52,305 | +16.0% |
| Amounts receivable within one year | 40/41 | €194,574 | €181,327 | -€13,247 | -6.8% |
| Trade receivables | 40 | €184,341 | €174,136 | -€10,205 | -5.5% |
| Other amounts receivable | 41 | €10,234 | €7,191 | -€3,043 | -29.7% |
| Cash at bank and in hand | 54/58 | €131,608 | €197,149 | +€65,541 | +49.8% |
| Deferred charges and accrued income | 490/1 | €755 | €766 | +€11 | +1.4% |
| Total equity and liabilities | 10/49 | €327,015 | €379,242 | +€52,228 | +16.0% |
| Equity | 10/15 | €222,650 | €223,302 | +€652 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €216,450 | €217,102 | +€652 | +0.3% |
| Distributable reserves | 133 | €216,450 | €217,102 | +€652 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €20,952 | €20,952 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,952 | €20,952 | = | 0.0% |
| Pensions and similar obligations | 160 | €20,952 | €20,952 | = | 0.0% |
| Amounts payable | 17/49 | €83,412 | €134,988 | +€51,576 | +61.8% |
| Amounts payable within one year | 42/48 | €77,802 | €128,696 | +€50,894 | +65.4% |
| Trade debts | 44 | €911 | €24,655 | +€23,745 | +2607.6% |
| Suppliers | 440/4 | €911 | €24,655 | +€23,745 | +2607.6% |
| Taxes, remuneration and social security | 45 | €1,643 | €2,083 | +€440 | +26.8% |
| Taxes | 450/3 | €1,643 | €2,083 | +€440 | +26.8% |
| Other amounts payable | 47/48 | €75,248 | €101,957 | +€26,709 | +35.5% |
| Accrued charges and deferred income | 492/3 | €5,610 | €6,293 | +€682 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €803 | €77 | -€726 | -90.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,204 | +€7,204 | |
| Other operating charges | 640/8 | €513 | €2,332 | +€1,818 | +354.2% |
| Gross operating margin | 9900 | €47,047 | €35,916 | -€11,130 | -23.7% |
| Operating profit (loss) | 9901 | €45,730 | €26,303 | -€19,426 | -42.5% |
| Financial income | 75/76B | €1 | €56 | +€55 | +4761.7% |
| Recurring financial income | 75 | €1 | €56 | +€55 | +4761.7% |
| Financial charges | 65/66B | €7,094 | €8,105 | +€1,010 | +14.2% |
| Recurring financial charges | 65 | €7,094 | €8,105 | +€1,010 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €38,637 | €18,255 | -€20,382 | -52.8% |
| Income taxes | 67/77 | €11,171 | €5,638 | -€5,533 | -49.5% |
| Profit (loss) for the period | 9904 | €27,465 | €12,617 | -€14,849 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,465 | €12,617 | -€14,849 | -54.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.