GERANIA: 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.
GERANIA
Largest movements
- Tangible fixed assets -€203,566
down €203,566 (-14.4%), from €1.4m to €1.2m
- Cash +€96,056
up €96,056 (+65.0%), from €147,863 to €243,918
mainly Depreciation (+€205,118) and Receivables within one year (+€5,927)
- Profit (loss) carried forward -€105,931
down €105,931 (-32.0%), from -€331,252 to -€437,183
- Gross operating margin -€31,830
down €31,830 (-19.2%), from €165,954 to €134,124
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 | €1,570,840 | €1,464,919 | -€105,921 | -6.7% |
| Fixed assets | 21/28 | €1,415,239 | €1,211,673 | -€203,566 | -14.4% |
| Tangible fixed assets | 22/27 | €1,415,239 | €1,211,673 | -€203,566 | -14.4% |
| Land and buildings | 22 | €1,415,239 | €1,211,673 | -€203,566 | -14.4% |
| Current assets | 29/58 | €155,601 | €253,245 | +€97,644 | +62.8% |
| Amounts receivable within one year | 40/41 | €5,927 | €0 | -€5,927 | -100.0% |
| Trade receivables | 40 | €5,927 | €0 | -€5,927 | -100.0% |
| Cash at bank and in hand | 54/58 | €147,863 | €243,918 | +€96,056 | +65.0% |
| Deferred charges and accrued income | 490/1 | €1,811 | €9,327 | +€7,516 | +414.9% |
| Total equity and liabilities | 10/49 | €1,570,840 | €1,464,919 | -€105,921 | -6.7% |
| Equity | 10/15 | €1,512,565 | €1,406,634 | -€105,931 | -7.0% |
| Contributions | 10/11 | €1,600,000 | €1,600,000 | = | 0.0% |
| Reserves | 13 | €243,817 | €243,817 | = | 0.0% |
| Distributable reserves | 133 | €243,817 | €243,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€331,252 | -€437,183 | -€105,931 | -32.0% |
| Amounts payable | 17/49 | €58,275 | €58,284 | +€9 | 0.0% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,275 | €8,284 | +€9 | +0.1% |
| Trade debts | 44 | €8,275 | €8,284 | +€9 | +0.1% |
| Suppliers | 440/4 | €8,275 | €8,284 | +€9 | +0.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,931 | €205,118 | +€187 | +0.1% |
| Other operating charges | 640/8 | €33,346 | €34,394 | +€1,048 | +3.1% |
| Non-recurring operating charges | 66A | €6,051 | €0 | -€6,051 | -100.0% |
| Gross operating margin | 9900 | €165,954 | €134,124 | -€31,830 | -19.2% |
| Operating profit (loss) | 9901 | -€78,374 | -€105,388 | -€27,014 | -34.5% |
| Financial charges | 65/66B | €672 | €543 | -€129 | -19.2% |
| Recurring financial charges | 65 | €672 | €543 | -€129 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,046 | -€105,931 | -€26,885 | -34.0% |
| Profit (loss) for the period | 9904 | -€79,046 | -€105,931 | -€26,885 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,046 | -€105,931 | -€26,885 | -34.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.