GERANDUM: 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.
GERANDUM
Largest movements
- Tangible fixed assets -€58,786
down €58,786 (-3.7%), from €1.6m to €1.5m
of which Land and buildings: -€52,461
- Cash +€36,460
up €36,460 (+693.6%), from €5,257 to €41,717
mainly Depreciation (+€55,289) and Net result for the year (+€42,291)
- Receivables within one year -€28,754
down €28,754 (-3.6%), from €798,910 to €770,156
of which Other amounts receivable: -€24,754
- Debts after one year -€67,910
down €67,910 (-15.1%), from €450,248 to €382,337
- Profit (loss) carried forward +€54,705
up €54,705 (+14.6%), from €373,978 to €428,683
- Other debts -€51,838
down €51,838 (-12.1%), from €427,037 to €375,199
- Trade debts +€36,031
up €36,031 (+221.8%), from €16,244 to €52,275
- Financial income -€199,106
down €199,106 (-100.0%), from €199,106 to €0
- Gross operating margin +€37,486
up €37,486 (+22.9%), from €163,385 to €200,870
- Taxes +€9,290
up €9,290 (+66.0%), from €14,085 to €23,374
- Financial charges -€3,964
down €3,964 (-7.5%), from €53,168 to €49,204
- Other operating charges +€3,489
up €3,489 (+10.8%), from €32,295 to €35,784
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 | €2,376,828 | €2,324,877 | -€51,950 | -2.2% |
| Fixed assets | 21/28 | €1,571,790 | €1,513,004 | -€58,786 | -3.7% |
| Tangible fixed assets | 22/27 | €1,568,150 | €1,509,364 | -€58,786 | -3.7% |
| Land and buildings | 22 | €1,539,097 | €1,486,636 | -€52,461 | -3.4% |
| Plant, machinery and equipment | 23 | €10,873 | €9,514 | -€1,359 | -12.5% |
| Furniture and vehicles | 24 | €12,848 | €7,882 | -€4,966 | -38.7% |
| Other tangible fixed assets | 26 | €5,332 | €5,332 | = | 0.0% |
| Financial fixed assets | 28 | €3,640 | €3,640 | = | 0.0% |
| Current assets | 29/58 | €805,038 | €811,873 | +€6,835 | +0.8% |
| Amounts receivable within one year | 40/41 | €798,910 | €770,156 | -€28,754 | -3.6% |
| Trade receivables | 40 | €19,015 | €15,016 | -€3,999 | -21.0% |
| Other amounts receivable | 41 | €779,895 | €755,140 | -€24,754 | -3.2% |
| Cash at bank and in hand | 54/58 | €5,257 | €41,717 | +€36,460 | +693.6% |
| Deferred charges and accrued income | 490/1 | €871 | €0 | -€871 | -100.0% |
| Total equity and liabilities | 10/49 | €2,376,828 | €2,324,877 | -€51,950 | -2.2% |
| Equity | 10/15 | €1,256,507 | €1,298,798 | +€42,291 | +3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €820,529 | €808,115 | -€12,414 | -1.5% |
| Non-distributable reserves | 130/1 | €8,174 | €8,174 | = | 0.0% |
| Legal reserve | 130 | €8,174 | €8,174 | = | 0.0% |
| Tax-exempt reserves | 132 | €318,729 | €306,315 | -€12,414 | -3.9% |
| Distributable reserves | 133 | €493,626 | €493,626 | = | 0.0% |
| Profit (loss) carried forward | 14 | €373,978 | €428,683 | +€54,705 | +14.6% |
| Provisions and deferred taxes | 16 | €128,815 | €123,744 | -€5,071 | -3.9% |
| Deferred taxes | 168 | €128,815 | €123,744 | -€5,071 | -3.9% |
| Amounts payable | 17/49 | €991,506 | €902,335 | -€89,171 | -9.0% |
| Amounts payable after more than one year | 17 | €450,248 | €382,337 | -€67,910 | -15.1% |
| Financial debts | 170/4 | €450,248 | €382,337 | -€67,910 | -15.1% |
| Amounts payable within one year | 42/48 | €540,291 | €519,000 | -€21,291 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €70,009 | €67,910 | -€2,098 | -3.0% |
| Trade debts | 44 | €16,244 | €52,275 | +€36,031 | +221.8% |
| Suppliers | 440/4 | €16,244 | €52,275 | +€36,031 | +221.8% |
| Taxes, remuneration and social security | 45 | €27,002 | €23,615 | -€3,386 | -12.5% |
| Taxes | 450/3 | €27,002 | €23,615 | -€3,386 | -12.5% |
| Other amounts payable | 47/48 | €427,037 | €375,199 | -€51,838 | -12.1% |
| Accrued charges and deferred income | 492/3 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,678 | €55,289 | -€389 | -0.7% |
| Other operating charges | 640/8 | €32,295 | €35,784 | +€3,489 | +10.8% |
| Gross operating margin | 9900 | €163,385 | €200,870 | +€37,486 | +22.9% |
| Operating profit (loss) | 9901 | €75,413 | €109,798 | +€34,385 | +45.6% |
| Financial income | 75/76B | €199,106 | €0 | -€199,106 | -100.0% |
| Recurring financial income | 75 | €199,106 | €0 | -€199,106 | -100.0% |
| Financial charges | 65/66B | €53,168 | €49,204 | -€3,964 | -7.5% |
| Recurring financial charges | 65 | €53,168 | €49,204 | -€3,964 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €221,351 | €60,594 | -€160,757 | -72.6% |
| Transfer from deferred taxes | 780 | €5,071 | €5,071 | = | 0.0% |
| Income taxes | 67/77 | €14,085 | €23,374 | +€9,290 | +66.0% |
| Profit (loss) for the period | 9904 | €212,337 | €42,291 | -€170,047 | -80.1% |
| Transfer from tax-exempt reserves | 789 | €12,414 | €12,414 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €224,752 | €54,705 | -€170,047 | -75.7% |
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 1 October 2026 via checked.be.