GERA NXT: 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.
GERA NXT
Largest movements
- Tangible fixed assets -€61,078
down €61,078 (-8.4%), from €730,802 to €669,724
of which Land and buildings: -€36,308
- Receivables within one year -€52,684
down €52,684 (-20.8%), from €252,751 to €200,067
of which Other amounts receivable: -€60,034
- Reserves -€219,818
down €219,818 (-26.2%), from €838,749 to €618,931
of which Distributable reserves: -€219,818
- Other debts +€148,756
up €148,756, from €0 to €148,756
- Trade debts +€50,696
up €50,696 (+50.4%), from €100,676 to €151,372
- Debts after one year -€40,329
down €40,329 (-25.6%), from €157,611 to €117,282
- Current portion of long-term debt -€34,435
down €34,435 (-46.1%), from €74,764 to €40,329
- Gross operating margin -€50,505
down €50,505 (-11.7%), from €431,833 to €381,329
- Staff costs -€16,247
down €16,247 (-8.0%), from €202,337 to €186,090
- Taxes -€13,814
down €13,814 (-31.6%), from €43,780 to €29,966
- Write-downs +€6,716
new in 2025: €6,716
- Financial charges +€5,220
up €5,220 (+42.2%), from €12,372 to €17,593
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.
Derived cash bridge
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 | €1,356,653 | €1,243,387 | -€113,266 | -8.3% |
| Fixed assets | 21/28 | €771,108 | €704,661 | -€66,447 | -8.6% |
| Intangible fixed assets | 21 | €39,942 | €34,574 | -€5,369 | -13.4% |
| Tangible fixed assets | 22/27 | €730,802 | €669,724 | -€61,078 | -8.4% |
| Land and buildings | 22 | €666,433 | €630,126 | -€36,308 | -5.4% |
| Plant, machinery and equipment | 23 | €55,116 | €32,646 | -€22,471 | -40.8% |
| Furniture and vehicles | 24 | €9,252 | €6,952 | -€2,300 | -24.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €364 | €364 | = | 0.0% |
| Current assets | 29/58 | €585,544 | €538,725 | -€46,819 | -8.0% |
| Stocks and contracts in progress | 3 | €219,081 | €217,578 | -€1,503 | -0.7% |
| Stocks | 30/36 | €219,081 | €217,578 | -€1,503 | -0.7% |
| Amounts receivable within one year | 40/41 | €252,751 | €200,067 | -€52,684 | -20.8% |
| Trade receivables | 40 | €170,460 | €177,810 | +€7,350 | +4.3% |
| Other amounts receivable | 41 | €82,290 | €22,256 | -€60,034 | -73.0% |
| Cash at bank and in hand | 54/58 | €111,429 | €117,233 | +€5,805 | +5.2% |
| Deferred charges and accrued income | 490/1 | €2,285 | €3,848 | +€1,563 | +68.4% |
| Total equity and liabilities | 10/49 | €1,356,653 | €1,243,387 | -€113,266 | -8.3% |
| Equity | 10/15 | €844,949 | €625,131 | -€219,818 | -26.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €838,749 | €618,931 | -€219,818 | -26.2% |
| Tax-exempt reserves | 132 | €69,634 | €69,634 | = | 0.0% |
| Distributable reserves | 133 | €769,116 | €549,298 | -€219,818 | -28.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €85,961 | €85,961 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €85,961 | €85,961 | = | 0.0% |
| Other liabilities and charges | 164/5 | €85,961 | €85,961 | = | 0.0% |
| Amounts payable | 17/49 | €425,743 | €532,295 | +€106,552 | +25.0% |
| Amounts payable after more than one year | 17 | €157,611 | €117,282 | -€40,329 | -25.6% |
| Financial debts | 170/4 | €157,611 | €117,282 | -€40,329 | -25.6% |
| Amounts payable within one year | 42/48 | €265,758 | €405,895 | +€140,137 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €74,764 | €40,329 | -€34,435 | -46.1% |
| Financial debts | 43 | €45,000 | €45,000 | = | 0.0% |
| Credit institutions | 430/8 | €45,000 | €45,000 | = | 0.0% |
| Trade debts | 44 | €100,676 | €151,372 | +€50,696 | +50.4% |
| Suppliers | 440/4 | €100,676 | €151,372 | +€50,696 | +50.4% |
| Taxes, remuneration and social security | 45 | €45,318 | €20,437 | -€24,881 | -54.9% |
| Taxes | 450/3 | €31,467 | €8,030 | -€23,437 | -74.5% |
| Remuneration and social security | 454/9 | €13,851 | €12,407 | -€1,444 | -10.4% |
| Other amounts payable | 47/48 | €0 | €148,756 | +€148,756 | |
| Accrued charges and deferred income | 492/3 | €2,373 | €9,118 | +€6,744 | +284% |
| Non-recurring operating income | 76A | €169 | €0 | -€169 | -100% |
| Remuneration, social security and pensions | 62 | €202,337 | €186,090 | -€16,247 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,040 | €74,430 | -€1,610 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,716 | +€6,716 | |
| Other operating charges | 640/8 | €7,921 | €7,660 | -€261 | -3.3% |
| Gross operating margin | 9900 | €431,833 | €381,329 | -€50,505 | -11.7% |
| Operating profit (loss) | 9901 | €145,534 | €106,432 | -€39,103 | -26.9% |
| Financial income | 75/76B | €5 | €509 | +€504 | +9,935% |
| Recurring financial income | 75 | €5 | €509 | +€504 | +9,935% |
| Financial charges | 65/66B | €12,372 | €17,593 | +€5,220 | +42.2% |
| Recurring financial charges | 65 | €12,372 | €17,593 | +€5,220 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €133,167 | €89,348 | -€43,820 | -32.9% |
| Income taxes | 67/77 | €43,780 | €29,966 | -€13,814 | -31.6% |
| Profit (loss) for the period | 9904 | €89,387 | €59,382 | -€30,006 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,387 | €59,382 | -€30,006 | -33.6% |
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 28 October 2026 via checked.be.