Gerarco: 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.
Gerarco
Largest movements
- Cash -€16,270
down €16,270 (-24.4%), from €66,793 to €50,523
mainly Contributions, distributions and other (-€54,651) and Receivables within one year (-€16,265)
- Receivables within one year +€16,265
up €16,265 (+65.6%), from €24,798 to €41,062
of which Trade receivables: +€15,925
- Tangible fixed assets +€2,948
up €2,948 (+97.3%), from €3,031 to €5,980
- Deferred charges and accrued income -€1,129
down €1,129 (-14.1%), from €8,018 to €6,889
- Other debts +€12,254
up €12,254 (+26.1%), from €46,935 to €59,189
- Tax, wage and social debts -€10,612
down €10,612 (-50.5%), from €21,003 to €10,391
- Gross operating margin +€2,912
up €2,912 (+4.2%), from €69,965 to €72,877
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 | €102,640 | €104,454 | +€1,814 | +1.8% |
| Fixed assets | 21/28 | €3,031 | €5,980 | +€2,948 | +97.3% |
| Tangible fixed assets | 22/27 | €3,031 | €5,980 | +€2,948 | +97.3% |
| Furniture and vehicles | 24 | €3,031 | €5,980 | +€2,948 | +97.3% |
| Current assets | 29/58 | €99,608 | €98,474 | -€1,134 | -1.1% |
| Amounts receivable within one year | 40/41 | €24,798 | €41,062 | +€16,265 | +65.6% |
| Trade receivables | 40 | €24,798 | €40,722 | +€15,925 | +64.2% |
| Other amounts receivable | 41 | - | €340 | +€340 | |
| Cash at bank and in hand | 54/58 | €66,793 | €50,523 | -€16,270 | -24.4% |
| Deferred charges and accrued income | 490/1 | €8,018 | €6,889 | -€1,129 | -14.1% |
| Total equity and liabilities | 10/49 | €102,640 | €104,454 | +€1,814 | +1.8% |
| Equity | 10/15 | €34,550 | €34,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,090 | €69,904 | +€1,814 | +2.7% |
| Amounts payable within one year | 42/48 | €68,090 | €69,682 | +€1,593 | +2.3% |
| Trade debts | 44 | €151 | €102 | -€49 | -32.7% |
| Suppliers | 440/4 | €151 | €102 | -€49 | -32.7% |
| Taxes, remuneration and social security | 45 | €21,003 | €10,391 | -€10,612 | -50.5% |
| Taxes | 450/3 | €21,003 | €10,391 | -€10,612 | -50.5% |
| Other amounts payable | 47/48 | €46,935 | €59,189 | +€12,254 | +26.1% |
| Accrued charges and deferred income | 492/3 | - | €221 | +€221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,680 | €1,841 | +€161 | +9.6% |
| Other operating charges | 640/8 | €996 | €999 | +€3 | +0.3% |
| Non-recurring operating charges | 66A | - | €460 | +€460 | |
| Gross operating margin | 9900 | €69,965 | €72,877 | +€2,912 | +4.2% |
| Operating profit (loss) | 9901 | €67,289 | €69,578 | +€2,289 | +3.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €103 | €271 | +€168 | +162.4% |
| Recurring financial charges | 65 | €103 | €271 | +€168 | +162.4% |
| Profit (loss) for the period before taxes | 9903 | €67,186 | €69,311 | +€2,125 | +3.2% |
| Income taxes | 67/77 | €15,013 | €14,660 | -€353 | -2.4% |
| Profit (loss) for the period | 9904 | €52,173 | €54,651 | +€2,478 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,173 | €54,651 | +€2,478 | +4.8% |
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 7 October 2026 via checked.be.