Gerantis: 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.
What changed
Gerantis
NACE 62.100, Computer programming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9.0m
2024 · -€787,265-€8.2m
Equity
€46.3m
2024 · €27.5m+€18.8m
Cash
€69,695
2024 · €89,022-€19,328
Balance sheet total
€68.8m
2024 · €40.3m+€28.4m
Largest movements
Assets
- Financial fixed assets +€31.3m
up €31.3m (+102.7%), from €30.4m to €61.7m
of which Affiliated companies: +€31.3m
- Receivables within one year -€2.1m
down €2.1m (-26.9%), from €7.9m to €5.8m
of which Other amounts receivable: -€2.3m
Equity and liabilities
- Revaluation surpluses +€27.7m
new in 2025: €27.7m
- Debts after one year +€10.4m
up €10.4m (+867.2%), from €1.2m to €11.6m
- Profit (loss) carried forward -€9.0m
down €9.0m (-222.5%), from -€4.0m to -€13.0m
- Short-term financial debts +€2.0m
up €2.0m (+678.0%), from €300,858 to €2.3m
- Other debts -€1.9m
down €1.9m (-22.0%), from €8.8m to €6.8m
Income statement
- Financial charges +€4.9m
up €4.9m (+305.5%), from €1.6m to €6.6m
of which Non-recurring financial charges: +€4.9m
- Other operating charges +€4.1m
up €4.1m (+288271.8%), from €1,433 to €4.1m
- Other operating income -€1.2m
down €1.2m (-61.0%), from €1.9m to €755,608
- Financial income +€743,858
up €743,858 (+265.5%), from €280,167 to €1.0m
- Write-downs -€409,976
down €409,976, from €204,988 to -€204,988
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.
Result 2024
-€787,265
Turnover
+€22,209
Other operating income
-€1.2m
Goods and materials
+€389,037
Services and other goods
+€151,101
Depreciation
+€20,261
Write-downs
+€409,976
Other operating charges
-€4.1m
Other operating items
+€333,067
Financial income
+€743,858
Financial charges
-€4.9m
Result 2025
-€9.0m
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.
From operations
-€8.2m
Investment
-€31.3m
Financing
+€39.5m
Cash 2024
€89,022
From operations (derived)
-€8.2m
Net result for the year
-€9.0m
Depreciation
+€736,778
Receivables within one year
+€2.1m
Smaller working-capital items
-€11,123
Trade debts
-€153,354
Other debts
-€1.9m
Investment (derived)
-€31.3m
Investment in fixed assets (net)
-€31.3m
Financing
+€39.5m
Debts after one year
+€10.4m
Current portion of long-term debt
-€679,451
Short-term financial debts
+€2.0m
Contributions, distributions and other
+€27.7m
Cash 2025
€69,695
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,345,909 | €68,776,358 | +€28.4m | +70.5% |
| Formation expenses | 20 | €1,844,379 | €1,214,971 | -€629,409 | -34.1% |
| Fixed assets | 21/28 | €30,524,703 | €61,728,644 | +€31.2m | +102.2% |
| Intangible fixed assets | 21 | €65,561 | €23,794 | -€41,767 | -63.7% |
| Tangible fixed assets | 22/27 | €14,980 | €6,452 | -€8,528 | -56.9% |
| Plant, machinery and equipment | 23 | €14,980 | €6,452 | -€8,528 | -56.9% |
| Financial fixed assets | 28 | €30,444,162 | €61,698,398 | +€31.3m | +102.7% |
| Affiliated companies | 280/1 | €30,443,829 | €61,698,398 | +€31.3m | +102.7% |
| Participating interests | 280 | €30,443,829 | €61,698,398 | +€31.3m | +102.7% |
| Other financial fixed assets | 284/8 | €333 | €0 | -€333 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €333 | €0 | -€333 | -100.0% |
| Current assets | 29/58 | €7,976,826 | €5,832,743 | -€2.1m | -26.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €7,886,424 | €5,763,048 | -€2.1m | -26.9% |
| Trade receivables | 40 | €32,587 | €257,251 | +€224,664 | +689.4% |
| Other amounts receivable | 41 | €7,853,837 | €5,505,797 | -€2.3m | -29.9% |
| Cash at bank and in hand | 54/58 | €89,022 | €69,695 | -€19,328 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,380 | €0 | -€1,380 | -100.0% |
| Total equity and liabilities | 10/49 | €40,345,909 | €68,776,358 | +€28.4m | +70.5% |
| Equity | 10/15 | €27,537,221 | €46,287,777 | +€18.8m | +68.1% |
| Contributions | 10/11 | €31,568,062 | €31,636,359 | +€68,297 | +0.2% |
| Capital | 10 | €31,568,062 | €31,636,359 | +€68,297 | +0.2% |
| Issued capital | 100 | €31,568,062 | €31,636,359 | +€68,297 | +0.2% |
| Revaluation surpluses | 12 | - | €27,650,000 | +€27.7m | |
| Profit (loss) carried forward | 14 | -€4,030,841 | -€12,998,581 | -€9.0m | -222.5% |
| Amounts payable | 17/49 | €12,808,688 | €22,488,581 | +€9.7m | +75.6% |
| Amounts payable after more than one year | 17 | €1,200,000 | €11,606,308 | +€10.4m | +867.2% |
| Financial debts | 170/4 | €1,200,000 | €11,606,308 | +€10.4m | +867.2% |
| Subordinated loans | 170 | €1,200,000 | €0 | -€1.2m | -100.0% |
| Credit institutions | 173 | €0 | €7,943,505 | +€7.9m | |
| Other loans | 174 | - | €3,662,803 | +€3.7m | |
| Amounts payable within one year | 42/48 | €11,514,154 | €10,863,329 | -€650,825 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €1,980,000 | €1,300,549 | -€679,451 | -34.3% |
| Financial debts | 43 | €300,858 | €2,340,820 | +€2.0m | +678.0% |
| Credit institutions | 430/8 | €300,858 | €2,340,820 | +€2.0m | +678.0% |
| Trade debts | 44 | €411,694 | €258,340 | -€153,354 | -37.2% |
| Suppliers | 440/4 | €411,694 | €258,340 | -€153,354 | -37.2% |
| Taxes, remuneration and social security | 45 | €71,015 | €134,103 | +€63,087 | +88.8% |
| Taxes | 450/3 | €71,015 | €134,103 | +€63,087 | +88.8% |
| Other amounts payable | 47/48 | €8,750,586 | €6,829,517 | -€1.9m | -22.0% |
| Accrued charges and deferred income | 492/3 | €94,534 | €18,944 | -€75,590 | -80.0% |
| Operating income | 70/76A | €2,403,748 | €1,693,032 | -€710,716 | -29.6% |
| Turnover | 70 | €388,191 | €410,400 | +€22,209 | +5.7% |
| Other operating income | 74 | €1,936,709 | €755,608 | -€1.2m | -61.0% |
| Non-recurring operating income | 76A | €78,848 | €527,024 | +€448,176 | +568.4% |
| Operating charges | 60/66A | €1,854,856 | €5,130,495 | +€3.3m | +176.6% |
| Goods for resale, raw materials and consumables | 60 | €389,037 | - | -€389,037 | |
| Purchases | 600/8 | €389,037 | - | -€389,037 | |
| Services and other goods | 61 | €502,359 | €351,258 | -€151,101 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €757,039 | €736,778 | -€20,261 | -2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €204,988 | -€204,988 | -€409,976 | |
| Other operating charges | 640/8 | €1,433 | €4,132,339 | +€4.1m | +288271.8% |
| Non-recurring operating charges | 66A | - | €115,108 | +€115,108 | |
| Operating profit (loss) | 9901 | €548,892 | -€3,437,464 | -€4.0m | |
| Financial income | 75/76B | €280,167 | €1,024,025 | +€743,858 | +265.5% |
| Recurring financial income | 75 | €280,167 | €1,024,025 | +€743,858 | +265.5% |
| Income from financial fixed assets | 750 | €208,107 | €818,208 | +€610,101 | +293.2% |
| Income from current assets | 751 | - | €176,774 | +€176,774 | |
| Other financial income | 752/9 | €72,060 | €29,043 | -€43,017 | -59.7% |
| Financial charges | 65/66B | €1,616,324 | €6,554,302 | +€4.9m | +305.5% |
| Recurring financial charges | 65 | €655,909 | €674,302 | +€18,392 | +2.8% |
| Debt charges | 650 | €650,447 | €651,235 | +€788 | +0.1% |
| Other financial charges | 652/9 | €5,463 | €23,066 | +€17,604 | +322.3% |
| Non-recurring financial charges | 66B | €960,415 | €5,880,000 | +€4.9m | +512.2% |
| Profit (loss) for the period before taxes | 9903 | -€787,265 | -€8,967,740 | -€8.2m | -1039.1% |
| Profit (loss) for the period | 9904 | -€787,265 | -€8,967,740 | -€8.2m | -1039.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€787,265 | -€8,967,740 | -€8.2m | -1039.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.