GERALEX: 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.
GERALEX
Largest movements
- Current investments +€350,000
new in 2024: €350,000
- Cash -€272,682
down €272,682 (-79.3%), from €343,906 to €71,224
mainly Current investments (-€350,000) and Contributions, distributions and other (-€33,333)
- Receivables within one year -€24,212
down €24,212 (-83.1%), from €29,119 to €4,908
of which Trade receivables: -€24,405
- Tangible fixed assets -€12,694
down €12,694 (-36.6%), from €34,673 to €21,979
of which Land and buildings: -€14,263
- Reserves +€54,500
up €54,500 (+22.3%), from €244,000 to €298,500
- Debts after one year -€14,457
down €14,457 (-57.1%), from €25,299 to €10,843
- Other debts -€8,331
down €8,331 (-18.8%), from €44,280 to €35,949
- Tax, wage and social debts +€6,794
up €6,794 (+239.5%), from €2,836 to €9,630
of which Taxes: +€5,527
- Gross operating margin +€37,106
up €37,106 (+27.3%), from €135,997 to €173,103
- Taxes +€10,888
up €10,888 (+44.9%), from €24,257 to €35,144
- Financial income +€5,203
new in 2024: €5,203
- Staff costs +€4,390
up €4,390 (+18.4%), from €23,913 to €28,303
- Other operating charges +€2,480
up €2,480 (+52.9%), from €4,692 to €7,173
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,749 | €453,200 | +€40,451 | +9.8% |
| Fixed assets | 21/28 | €35,821 | €22,154 | -€13,668 | -38.2% |
| Intangible fixed assets | 21 | €973 | - | -€973 | |
| Tangible fixed assets | 22/27 | €34,673 | €21,979 | -€12,694 | -36.6% |
| Land and buildings | 22 | €28,603 | €14,341 | -€14,263 | -49.9% |
| Plant, machinery and equipment | 23 | €2,002 | €1,265 | -€737 | -36.8% |
| Furniture and vehicles | 24 | €4,068 | €6,373 | +€2,305 | +56.7% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €376,927 | €431,046 | +€54,119 | +14.4% |
| Amounts receivable within one year | 40/41 | €29,119 | €4,908 | -€24,212 | -83.1% |
| Trade receivables | 40 | €28,965 | €4,561 | -€24,405 | -84.3% |
| Other amounts receivable | 41 | €154 | €347 | +€193 | +124.9% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €343,906 | €71,224 | -€272,682 | -79.3% |
| Deferred charges and accrued income | 490/1 | €3,901 | €4,915 | +€1,013 | +26.0% |
| Total equity and liabilities | 10/49 | €412,749 | €453,200 | +€40,451 | +9.8% |
| Equity | 10/15 | €314,388 | €369,578 | +€55,190 | +17.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €244,000 | €298,500 | +€54,500 | +22.3% |
| Distributable reserves | 133 | €244,000 | €298,500 | +€54,500 | +22.3% |
| Profit (loss) carried forward | 14 | €49,928 | €50,618 | +€690 | +1.4% |
| Amounts payable | 17/49 | €98,361 | €83,622 | -€14,739 | -15.0% |
| Amounts payable after more than one year | 17 | €25,299 | €10,843 | -€14,457 | -57.1% |
| Financial debts | 170/4 | €25,299 | €10,843 | -€14,457 | -57.1% |
| Amounts payable within one year | 42/48 | €73,061 | €72,779 | -€282 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €14,457 | €14,457 | = | 0.0% |
| Trade debts | 44 | €11,489 | €12,744 | +€1,255 | +10.9% |
| Suppliers | 440/4 | €11,489 | €12,744 | +€1,255 | +10.9% |
| Taxes, remuneration and social security | 45 | €2,836 | €9,630 | +€6,794 | +239.5% |
| Taxes | 450/3 | €2,257 | €7,783 | +€5,527 | +244.9% |
| Remuneration and social security | 454/9 | €580 | €1,847 | +€1,267 | +218.6% |
| Other amounts payable | 47/48 | €44,280 | €35,949 | -€8,331 | -18.8% |
| Non-recurring operating income | 76A | €2,400 | - | -€2,400 | |
| Remuneration, social security and pensions | 62 | €23,913 | €28,303 | +€4,390 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,155 | €17,846 | -€309 | -1.7% |
| Other operating charges | 640/8 | €4,692 | €7,173 | +€2,480 | +52.9% |
| Non-recurring operating charges | 66A | €0 | €45 | +€45 | +226100.0% |
| Gross operating margin | 9900 | €135,997 | €173,103 | +€37,106 | +27.3% |
| Operating profit (loss) | 9901 | €89,237 | €119,737 | +€30,500 | +34.2% |
| Financial income | 75/76B | - | €5,203 | +€5,203 | |
| Recurring financial income | 75 | - | €5,203 | +€5,203 | |
| Financial charges | 65/66B | €1,171 | €1,272 | +€102 | +8.7% |
| Recurring financial charges | 65 | €1,171 | €1,272 | +€102 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €88,066 | €123,667 | +€35,601 | +40.4% |
| Income taxes | 67/77 | €24,257 | €35,144 | +€10,888 | +44.9% |
| Profit (loss) for the period | 9904 | €63,810 | €88,523 | +€24,714 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,810 | €88,523 | +€24,714 | +38.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.