GERAN: 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.
GERAN
Largest movements
- Cash -€80,791
down €80,791 (-37.2%), from €216,894 to €136,103
mainly Contributions, distributions and other (-€157,656) and Other debts (-€82,148)
- Receivables within one year +€18,796
up €18,796 (+61.0%), from €30,796 to €49,591
of which Trade receivables: +€18,854
- Tangible fixed assets -€4,812
down €4,812 (-28.8%), from €16,732 to €11,921
of which Furniture and vehicles: -€4,610
- Other debts -€82,148
down €82,148 (-34.2%), from €240,191 to €158,043
- Tax, wage and social debts +€16,085
up €16,085 (+708.9%), from €2,269 to €18,354
- Gross operating margin -€23,087
down €23,087 (-9.7%), from €237,288 to €214,201
- Taxes -€4,521
down €4,521 (-7.9%), from €56,983 to €52,461
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 | €264,421 | €197,740 | -€66,682 | -25.2% |
| Fixed assets | 21/28 | €16,732 | €11,921 | -€4,812 | -28.8% |
| Tangible fixed assets | 22/27 | €16,732 | €11,921 | -€4,812 | -28.8% |
| Furniture and vehicles | 24 | €15,227 | €10,617 | -€4,610 | -30.3% |
| Other tangible fixed assets | 26 | €1,505 | €1,303 | -€202 | -13.4% |
| Current assets | 29/58 | €247,689 | €185,819 | -€61,870 | -25.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €30,796 | €49,591 | +€18,796 | +61.0% |
| Trade receivables | 40 | €30,738 | €49,591 | +€18,854 | +61.3% |
| Other amounts receivable | 41 | €58 | €0 | -€58 | -100.0% |
| Cash at bank and in hand | 54/58 | €216,894 | €136,103 | -€80,791 | -37.2% |
| Deferred charges and accrued income | 490/1 | €0 | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €264,421 | €197,740 | -€66,682 | -25.2% |
| Equity | 10/15 | €20,632 | €18,600 | -€2,032 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,032 | €0 | -€2,032 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,032 | €0 | -€2,032 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €243,790 | €179,140 | -€64,650 | -26.5% |
| Amounts payable within one year | 42/48 | €243,790 | €179,140 | -€64,650 | -26.5% |
| Trade debts | 44 | €1,330 | €2,743 | +€1,413 | +106.3% |
| Suppliers | 440/4 | €1,330 | €2,743 | +€1,413 | +106.3% |
| Taxes, remuneration and social security | 45 | €2,269 | €18,354 | +€16,085 | +708.9% |
| Taxes | 450/3 | €2,269 | €18,354 | +€16,085 | +708.9% |
| Other amounts payable | 47/48 | €240,191 | €158,043 | -€82,148 | -34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,379 | €4,812 | +€433 | +9.9% |
| Other operating charges | 640/8 | €1,762 | €1,215 | -€546 | -31.0% |
| Gross operating margin | 9900 | €237,288 | €214,201 | -€23,087 | -9.7% |
| Operating profit (loss) | 9901 | €231,147 | €208,174 | -€22,973 | -9.9% |
| Financial income | 75/76B | €1,475 | €858 | -€617 | -41.8% |
| Recurring financial income | 75 | €1,475 | €858 | -€617 | -41.8% |
| Financial charges | 65/66B | €1,275 | €947 | -€328 | -25.7% |
| Recurring financial charges | 65 | €1,275 | €947 | -€328 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €231,347 | €208,085 | -€23,262 | -10.1% |
| Income taxes | 67/77 | €56,983 | €52,461 | -€4,521 | -7.9% |
| Profit (loss) for the period | 9904 | €174,365 | €155,624 | -€18,741 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €174,365 | €155,624 | -€18,741 | -10.7% |
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 10 October 2026 via checked.be.