GERAM: 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.
GERAM
Largest movements
- Receivables within one year -€5,004
down €5,004 (-27.3%), from €18,356 to €13,352
of which Trade receivables: -€4,494
- Deferred charges and accrued income -€3,614
down €3,614 (-100.0%), from €3,614 to €0
- Tangible fixed assets -€252
down €252 (-33.6%), from €751 to €499
- Current portion of long-term debt -€9,568
down €9,568 (-100.0%), from €9,568 to €0
- Profit (loss) carried forward +€3,429
up €3,429 (+141.2%), from €2,428 to €5,856
- Trade debts -€2,704
down €2,704 (-62.6%), from €4,318 to €1,614
- Gross operating margin +€1,950
up €1,950 (+42.3%), from €4,613 to €6,563
- Staff costs -€667
down €667 (-100.0%), from €667 to €0
- Depreciation -€522
down €522 (-67.4%), from €774 to €252
- Taxes +€422
up €422 (+32.8%), from €1,286 to €1,708
- Other operating charges -€414
down €414 (-44.0%), from €942 to €528
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 | €22,850 | €13,982 | -€8,867 | -38.8% |
| Fixed assets | 21/28 | €751 | €499 | -€252 | -33.6% |
| Tangible fixed assets | 22/27 | €751 | €499 | -€252 | -33.6% |
| Furniture and vehicles | 24 | €751 | €499 | -€252 | -33.6% |
| Current assets | 29/58 | €22,099 | €13,483 | -€8,615 | -39.0% |
| Amounts receivable within one year | 40/41 | €18,356 | €13,352 | -€5,004 | -27.3% |
| Trade receivables | 40 | €17,615 | €13,121 | -€4,494 | -25.5% |
| Other amounts receivable | 41 | €742 | €231 | -€511 | -68.9% |
| Cash at bank and in hand | 54/58 | €129 | €132 | +€3 | +2.2% |
| Deferred charges and accrued income | 490/1 | €3,614 | €0 | -€3,614 | -100.0% |
| Total equity and liabilities | 10/49 | €22,850 | €13,982 | -€8,867 | -38.8% |
| Equity | 10/15 | €7,428 | €10,856 | +€3,429 | +46.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,428 | €5,856 | +€3,429 | +141.2% |
| Amounts payable | 17/49 | €15,422 | €3,126 | -€12,296 | -79.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,422 | €3,126 | -€12,296 | -79.7% |
| Current portion of amounts payable after more than one year | 42 | €9,568 | €0 | -€9,568 | -100.0% |
| Trade debts | 44 | €4,318 | €1,614 | -€2,704 | -62.6% |
| Suppliers | 440/4 | €4,318 | €1,614 | -€2,704 | -62.6% |
| Taxes, remuneration and social security | 45 | €1,536 | €1,512 | -€24 | -1.6% |
| Taxes | 450/3 | €1,536 | €1,512 | -€24 | -1.6% |
| Remuneration, social security and pensions | 62 | €667 | €0 | -€667 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €774 | €252 | -€522 | -67.4% |
| Other operating charges | 640/8 | €942 | €528 | -€414 | -44.0% |
| Gross operating margin | 9900 | €4,613 | €6,563 | +€1,950 | +42.3% |
| Operating profit (loss) | 9901 | €2,230 | €5,783 | +€3,553 | +159.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,050 | €646 | -€404 | -38.5% |
| Recurring financial charges | 65 | €1,050 | €646 | -€404 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €1,180 | €5,137 | +€3,957 | +335.5% |
| Income taxes | 67/77 | €1,286 | €1,708 | +€422 | +32.8% |
| Profit (loss) for the period | 9904 | -€107 | €3,429 | +€3,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€107 | €3,429 | +€3,535 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.