Geraco: 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.
Geraco
Largest movements
- Tangible fixed assets +€171,350
up €171,350 (+6.8%), from €2.5m to €2.7m
of which Land and buildings: +€605,174
- Cash +€147,370
up €147,370 (+6982.2%), from €2,111 to €149,481
mainly Other debts (+€764,266) and Short-term financial debts (+€198,047)
- Other debts +€764,266
up €764,266 (+221.1%), from €345,715 to €1.1m
- Debts after one year -€693,863
down €693,863 (-56.6%), from €1.2m to €531,424
- Short-term financial debts +€198,047
up €198,047 (+3855.3%), from €5,137 to €203,184
- Trade debts +€92,220
up €92,220 (+4347.6%), from €2,121 to €94,342
- Current portion of long-term debt -€64,272
down €64,272 (-39.8%), from €161,356 to €97,083
- Gross operating margin +€36,344
up €36,344 (+26.4%), from €137,753 to €174,097
- Financial charges +€33,130
up €33,130 (+103.0%), from €32,179 to €65,309
- Depreciation +€11,814
up €11,814 (+21.8%), from €54,246 to €66,061
- Taxes -€3,701
down €3,701 (-30.6%), from €12,076 to €8,375
- Other operating charges +€2,789
up €2,789 (+19.6%), from €14,193 to €16,982
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 | €2,540,279 | €2,856,935 | +€316,656 | +12.5% |
| Fixed assets | 21/28 | €2,526,921 | €2,701,271 | +€174,350 | +6.9% |
| Tangible fixed assets | 22/27 | €2,526,921 | €2,698,271 | +€171,350 | +6.8% |
| Land and buildings | 22 | €1,949,473 | €2,554,647 | +€605,174 | +31.0% |
| Plant, machinery and equipment | 23 | - | €6,212 | +€6,212 | |
| Furniture and vehicles | 24 | €9,448 | €0 | -€9,448 | -100.0% |
| Other tangible fixed assets | 26 | €568,000 | €0 | -€568,000 | -100.0% |
| Assets under construction and advance payments | 27 | - | €137,412 | +€137,412 | |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €13,358 | €155,664 | +€142,305 | +1065.3% |
| Amounts receivable within one year | 40/41 | €10,430 | €3,455 | -€6,975 | -66.9% |
| Other amounts receivable | 41 | €10,430 | €3,455 | -€6,975 | -66.9% |
| Cash at bank and in hand | 54/58 | €2,111 | €149,481 | +€147,370 | +6982.2% |
| Deferred charges and accrued income | 490/1 | €817 | €2,728 | +€1,911 | +233.8% |
| Total equity and liabilities | 10/49 | €2,540,279 | €2,856,935 | +€316,656 | +12.5% |
| Equity | 10/15 | €793,025 | €810,396 | +€17,370 | +2.2% |
| Contributions | 10/11 | €586,600 | €586,600 | = | 0.0% |
| Reserves | 13 | €206,425 | €223,796 | +€17,370 | +8.4% |
| Distributable reserves | 133 | €206,425 | €223,796 | +€17,370 | +8.4% |
| Amounts payable | 17/49 | €1,747,254 | €2,046,539 | +€299,286 | +17.1% |
| Amounts payable after more than one year | 17 | €1,225,287 | €531,424 | -€693,863 | -56.6% |
| Financial debts | 170/4 | €1,225,287 | €531,424 | -€693,863 | -56.6% |
| Amounts payable within one year | 42/48 | €521,967 | €1,515,115 | +€993,148 | +190.3% |
| Current portion of amounts payable after more than one year | 42 | €161,356 | €97,083 | -€64,272 | -39.8% |
| Financial debts | 43 | €5,137 | €203,184 | +€198,047 | +3855.3% |
| Credit institutions | 430/8 | €5,137 | €203,184 | +€198,047 | +3855.3% |
| Trade debts | 44 | €2,121 | €94,342 | +€92,220 | +4347.6% |
| Suppliers | 440/4 | €2,121 | €94,342 | +€92,220 | +4347.6% |
| Taxes, remuneration and social security | 45 | €7,638 | €10,525 | +€2,887 | +37.8% |
| Taxes | 450/3 | €7,638 | €10,525 | +€2,887 | +37.8% |
| Other amounts payable | 47/48 | €345,715 | €1,109,981 | +€764,266 | +221.1% |
| Non-recurring operating income | 76A | - | €11,214 | +€11,214 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,246 | €66,061 | +€11,814 | +21.8% |
| Other operating charges | 640/8 | €14,193 | €16,982 | +€2,789 | +19.6% |
| Gross operating margin | 9900 | €137,753 | €174,097 | +€36,344 | +26.4% |
| Operating profit (loss) | 9901 | €69,313 | €91,054 | +€21,741 | +31.4% |
| Financial charges | 65/66B | €32,179 | €65,309 | +€33,130 | +103.0% |
| Recurring financial charges | 65 | €32,179 | €65,309 | +€33,130 | +103.0% |
| Profit (loss) for the period before taxes | 9903 | €37,135 | €25,745 | -€11,389 | -30.7% |
| Income taxes | 67/77 | €12,076 | €8,375 | -€3,701 | -30.6% |
| Profit (loss) for the period | 9904 | €25,059 | €17,370 | -€7,689 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,059 | €17,370 | -€7,689 | -30.7% |
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 5 October 2026 via checked.be.