GERACON: 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.
GERACON
Largest movements
- Deferred charges and accrued income -€104,353
down €104,353 (-99.2%), from €105,222 to €869
- Financial fixed assets +€100,000
up €100,000 (+3578.0%), from €2,795 to €102,795
- Receivables within one year +€78,438
up €78,438 (+43.7%), from €179,650 to €258,089
of which Other amounts receivable: +€98,359
- Tangible fixed assets -€25,645
down €25,645 (-5.0%), from €509,605 to €483,959
- Intangible fixed assets -€21,000
down €21,000 (-16.0%), from €131,236 to €110,236
- Trade debts -€110,769
down €110,769 (-38.0%), from €291,681 to €180,912
- Tax, wage and social debts +€101,165
up €101,165 (+85.9%), from €117,767 to €218,933
of which Taxes: +€94,361
- Profit (loss) carried forward +€79,075
up €79,075 (+16.6%), from -€477,571 to -€398,496
- Short-term financial debts +€57,321
up €57,321 (+20.3%), from €282,042 to €339,363
of which Credit institutions: +€45,321
- Debts after one year -€47,201
down €47,201 (-16.0%), from €294,867 to €247,666
- Gross operating margin -€1.0m
down €1.0m (-83.0%), from €1.3m to €214,231
- Staff costs +€15,120
up €15,120 (+42.2%), from €35,838 to €50,958
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 | €1,231,271 | €1,283,570 | +€52,299 | +4.2% |
| Fixed assets | 21/28 | €643,635 | €696,990 | +€53,355 | +8.3% |
| Intangible fixed assets | 21 | €131,236 | €110,236 | -€21,000 | -16.0% |
| Tangible fixed assets | 22/27 | €509,605 | €483,959 | -€25,645 | -5.0% |
| Land and buildings | 22 | €481,007 | €480,719 | -€288 | -0.1% |
| Plant, machinery and equipment | 23 | €6,857 | €905 | -€5,951 | -86.8% |
| Furniture and vehicles | 24 | €10,044 | €1,872 | -€8,172 | -81.4% |
| Other tangible fixed assets | 26 | €11,696 | €462 | -€11,234 | -96.0% |
| Financial fixed assets | 28 | €2,795 | €102,795 | +€100,000 | +3578.0% |
| Current assets | 29/58 | €587,636 | €586,581 | -€1,056 | -0.2% |
| Stocks and contracts in progress | 3 | €299,666 | €315,595 | +€15,930 | +5.3% |
| Stocks | 30/36 | €299,666 | €315,595 | +€15,930 | +5.3% |
| Amounts receivable within one year | 40/41 | €179,650 | €258,089 | +€78,438 | +43.7% |
| Trade receivables | 40 | €179,650 | €159,730 | -€19,920 | -11.1% |
| Other amounts receivable | 41 | - | €98,359 | +€98,359 | |
| Cash at bank and in hand | 54/58 | €3,099 | €12,028 | +€8,929 | +288.1% |
| Deferred charges and accrued income | 490/1 | €105,222 | €869 | -€104,353 | -99.2% |
| Total equity and liabilities | 10/49 | €1,231,271 | €1,283,570 | +€52,299 | +4.2% |
| Equity | 10/15 | €24,418 | €103,493 | +€79,075 | +323.8% |
| Contributions | 10/11 | €155,197 | €155,197 | = | 0.0% |
| Revaluation surpluses | 12 | €320,556 | €320,556 | = | 0.0% |
| Reserves | 13 | €26,236 | €26,236 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,760 | €16,760 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,760 | €16,760 | = | 0.0% |
| Distributable reserves | 133 | €9,476 | €9,476 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€477,571 | -€398,496 | +€79,075 | +16.6% |
| Amounts payable | 17/49 | €1,206,853 | €1,180,078 | -€26,776 | -2.2% |
| Amounts payable after more than one year | 17 | €294,867 | €247,666 | -€47,201 | -16.0% |
| Financial debts | 170/4 | €294,867 | €247,666 | -€47,201 | -16.0% |
| Amounts payable within one year | 42/48 | €911,986 | €932,411 | +€20,425 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €133,104 | €137,052 | +€3,948 | +3.0% |
| Financial debts | 43 | €282,042 | €339,363 | +€57,321 | +20.3% |
| Credit institutions | 430/8 | €282,042 | €327,363 | +€45,321 | +16.1% |
| Other loans | 439 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €291,681 | €180,912 | -€110,769 | -38.0% |
| Suppliers | 440/4 | €291,681 | €180,912 | -€110,769 | -38.0% |
| Taxes, remuneration and social security | 45 | €117,767 | €218,933 | +€101,165 | +85.9% |
| Taxes | 450/3 | €107,824 | €202,185 | +€94,361 | +87.5% |
| Remuneration and social security | 454/9 | €9,943 | €16,748 | +€6,804 | +68.4% |
| Other amounts payable | 47/48 | €87,392 | €56,152 | -€31,240 | -35.7% |
| Non-recurring operating income | 76A | €840,872 | €24,560 | -€816,312 | -97.1% |
| Remuneration, social security and pensions | 62 | €35,838 | €50,958 | +€15,120 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,263 | €40,075 | -€3,187 | -7.4% |
| Other operating charges | 640/8 | €38,086 | €25,918 | -€12,168 | -31.9% |
| Non-recurring operating charges | 66A | - | €450 | +€450 | |
| Gross operating margin | 9900 | €1,261,275 | €214,231 | -€1.0m | -83.0% |
| Operating profit (loss) | 9901 | €1,144,088 | €96,830 | -€1.0m | -91.5% |
| Financial income | 75/76B | - | €3,375 | +€3,375 | |
| Recurring financial income | 75 | - | €3,375 | +€3,375 | |
| Financial charges | 65/66B | €24,072 | €21,131 | -€2,941 | -12.2% |
| Recurring financial charges | 65 | €24,072 | €21,131 | -€2,941 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €1,120,016 | €79,075 | -€1.0m | -92.9% |
| Income taxes | 67/77 | €6,629 | - | -€6,629 | |
| Profit (loss) for the period | 9904 | €1,113,387 | €79,075 | -€1.0m | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,113,387 | €79,075 | -€1.0m | -92.9% |
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.