GERALI: 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.
GERALI
Largest movements
- Tangible fixed assets -€17,463
down €17,463 (-8.3%), from €210,245 to €192,782
of which Land and buildings: -€17,540
- Cash -€4,065
down €4,065 (-60.7%), from €6,693 to €2,628
mainly Debts after one year (-€26,709) and Investment in fixed assets (net) (-€8,288)
- Debts after one year -€26,709
down €26,709 (-25.0%), from €106,668 to €79,960
of which Financial debts: -€26,709
- Other debts +€6,440
up €6,440 (+16.0%), from €40,142 to €46,582
- Gross operating margin -€3,829
down €3,829 (-8.0%), from €47,965 to €44,136
- Financial charges -€1,286
down €1,286 (-17.1%), from €7,509 to €6,223
- Other operating charges +€1,254
up €1,254 (+11.8%), from €10,664 to €11,917
- Depreciation +€918
up €918 (+3.7%), from €24,832 to €25,751
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 | €227,406 | €206,395 | -€21,011 | -9.2% |
| Fixed assets | 21/28 | €210,408 | €192,946 | -€17,463 | -8.3% |
| Tangible fixed assets | 22/27 | €210,245 | €192,782 | -€17,463 | -8.3% |
| Land and buildings | 22 | €209,202 | €191,662 | -€17,540 | -8.4% |
| Furniture and vehicles | 24 | €1,043 | €1,120 | +€77 | +7.4% |
| Financial fixed assets | 28 | €164 | €164 | = | 0.0% |
| Current assets | 29/58 | €16,997 | €13,449 | -€3,548 | -20.9% |
| Amounts receivable within one year | 40/41 | €8,482 | €7,776 | -€706 | -8.3% |
| Trade receivables | 40 | €7,527 | €7,613 | +€86 | +1.1% |
| Other amounts receivable | 41 | €954 | €163 | -€791 | -82.9% |
| Cash at bank and in hand | 54/58 | €6,693 | €2,628 | -€4,065 | -60.7% |
| Deferred charges and accrued income | 490/1 | €1,823 | €3,046 | +€1,223 | +67.1% |
| Total equity and liabilities | 10/49 | €227,406 | €206,395 | -€21,011 | -9.2% |
| Equity | 10/15 | €52,522 | €52,235 | -€287 | -0.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €33,930 | €33,643 | -€287 | -0.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €33,930 | €33,643 | -€287 | -0.8% |
| Amounts payable | 17/49 | €174,884 | €154,160 | -€20,724 | -11.9% |
| Amounts payable after more than one year | 17 | €106,668 | €79,960 | -€26,709 | -25.0% |
| Financial debts | 170/4 | €104,509 | €77,800 | -€26,709 | -25.6% |
| Other amounts payable | 178/9 | €2,159 | €2,159 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,216 | €74,200 | +€5,985 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €25,460 | €26,709 | +€1,248 | +4.9% |
| Trade debts | 44 | €2,548 | €377 | -€2,171 | -85.2% |
| Suppliers | 440/4 | €2,548 | €377 | -€2,171 | -85.2% |
| Taxes, remuneration and social security | 45 | €65 | €533 | +€467 | +717% |
| Taxes | 450/3 | €65 | €533 | +€467 | +717% |
| Other amounts payable | 47/48 | €40,142 | €46,582 | +€6,440 | +16.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,832 | €25,751 | +€918 | +3.7% |
| Other operating charges | 640/8 | €10,664 | €11,917 | +€1,254 | +11.8% |
| Gross operating margin | 9900 | €47,965 | €44,136 | -€3,829 | -8.0% |
| Operating profit (loss) | 9901 | €12,469 | €6,468 | -€6,001 | -48.1% |
| Financial income | 75/76B | €236 | €0 | -€236 | -100% |
| Recurring financial income | 75 | €236 | €0 | -€236 | -100% |
| Financial charges | 65/66B | €7,509 | €6,223 | -€1,286 | -17.1% |
| Recurring financial charges | 65 | €7,509 | €6,223 | -€1,286 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €5,197 | €246 | -€4,951 | -95.3% |
| Income taxes | 67/77 | €65 | €533 | +€467 | +717% |
| Profit (loss) for the period | 9904 | €5,132 | -€287 | -€5,419 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,132 | -€287 | -€5,419 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.