GERA IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€14,853
down €14,853 (-10.4%), from €142,619 to €127,766
of which Furniture and vehicles: -€11,496
- Trade debts -€14,019
down €14,019 (-44.6%), from €31,409 to €17,390
- Other debts -€5,661
down €5,661 (-3.3%), from €172,456 to €166,796
- Tax, wage and social debts +€2,762
up €2,762 (+33.6%), from €8,227 to €10,989
- Gross operating margin -€7,091
down €7,091 (-21.1%), from €33,630 to €26,539
- Taxes +€2,048
up €2,048 (+40.9%), from €5,004 to €7,051
- Depreciation +€1,329
up €1,329 (+8.5%), from €15,719 to €17,048
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 | €217,071 | €200,415 | -€16,655 | -7.7% |
| Fixed assets | 21/28 | €142,619 | €127,766 | -€14,853 | -10.4% |
| Tangible fixed assets | 22/27 | €142,619 | €127,766 | -€14,853 | -10.4% |
| Land and buildings | 22 | €102,000 | €98,400 | -€3,600 | -3.5% |
| Plant, machinery and equipment | 23 | €372 | €615 | +€243 | +65.4% |
| Furniture and vehicles | 24 | €40,247 | €28,751 | -€11,496 | -28.6% |
| Current assets | 29/58 | €74,452 | €72,649 | -€1,802 | -2.4% |
| Stocks and contracts in progress | 3 | €60,866 | €60,866 | = | 0.0% |
| Stocks | 30/36 | €60,866 | €60,866 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,398 | €10,770 | -€1,628 | -13.1% |
| Trade receivables | 40 | €10,219 | €8,963 | -€1,256 | -12.3% |
| Other amounts receivable | 41 | €2,180 | €1,807 | -€372 | -17.1% |
| Cash at bank and in hand | 54/58 | €1,187 | €1,013 | -€174 | -14.7% |
| Total equity and liabilities | 10/49 | €217,071 | €200,415 | -€16,655 | -7.7% |
| Equity | 10/15 | €4,978 | €5,241 | +€263 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,622 | -€13,359 | +€263 | +1.9% |
| Amounts payable | 17/49 | €212,093 | €195,175 | -€16,918 | -8.0% |
| Amounts payable within one year | 42/48 | €212,093 | €195,175 | -€16,918 | -8.0% |
| Trade debts | 44 | €31,409 | €17,390 | -€14,019 | -44.6% |
| Suppliers | 440/4 | €31,409 | €17,390 | -€14,019 | -44.6% |
| Taxes, remuneration and social security | 45 | €8,227 | €10,989 | +€2,762 | +33.6% |
| Taxes | 450/3 | €8,227 | €10,989 | +€2,762 | +33.6% |
| Other amounts payable | 47/48 | €172,456 | €166,796 | -€5,661 | -3.3% |
| Non-recurring operating income | 76A | €7,294 | - | -€7,294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,719 | €17,048 | +€1,329 | +8.5% |
| Other operating charges | 640/8 | €2,273 | €2,126 | -€146 | -6.4% |
| Gross operating margin | 9900 | €33,630 | €26,539 | -€7,091 | -21.1% |
| Operating profit (loss) | 9901 | €15,639 | €7,365 | -€8,273 | -52.9% |
| Financial charges | 65/66B | €94 | €51 | -€43 | -45.4% |
| Recurring financial charges | 65 | €94 | €51 | -€43 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €15,545 | €7,314 | -€8,231 | -52.9% |
| Income taxes | 67/77 | €5,004 | €7,051 | +€2,048 | +40.9% |
| Profit (loss) for the period | 9904 | €10,541 | €263 | -€10,279 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,541 | €263 | -€10,279 | -97.5% |
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 7 October 2026 via checked.be.