GERATRANS: 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.
GERATRANS
Largest movements
- Tangible fixed assets -€28,917
down €28,917 (-21.8%), from €132,641 to €103,724
of which Furniture and vehicles: -€28,470
- Cash +€25,269
up €25,269 (+27.2%), from €92,785 to €118,054
mainly Depreciation (+€30,253) and Receivables within one year (+€20,026)
- Receivables within one year -€20,026
down €20,026 (-24.4%), from €82,009 to €61,982
of which Trade receivables: -€19,546
- Deferred charges and accrued income -€7,339
down €7,339 (-56.1%), from €13,083 to €5,744
- Debts after one year -€11,754
down €11,754 (-27.2%), from €43,195 to €31,441
- Other debts -€6,393
down €6,393 (-70.6%), from €9,059 to €2,666
- Trade debts -€6,332
down €6,332 (-19.8%), from €31,948 to €25,616
- Profit (loss) carried forward -€5,477
down €5,477 (-9.2%), from €59,717 to €54,240
- Depreciation +€13,377
up €13,377 (+79.3%), from €16,876 to €30,253
- Gross operating margin -€11,749
down €11,749 (-26.8%), from €43,840 to €32,092
- Taxes -€7,066
no longer reported in 2025 (was €7,066)
- Financial charges +€1,160
up €1,160 (+24.0%), from €4,841 to €6,002
of which Non-recurring financial charges: +€643
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 | €325,922 | €294,910 | -€31,013 | -9.5% |
| Fixed assets | 21/28 | €138,046 | €109,129 | -€28,917 | -20.9% |
| Tangible fixed assets | 22/27 | €132,641 | €103,724 | -€28,917 | -21.8% |
| Plant, machinery and equipment | 23 | €790 | €343 | -€447 | -56.6% |
| Furniture and vehicles | 24 | €131,852 | €103,381 | -€28,470 | -21.6% |
| Financial fixed assets | 28 | €5,405 | €5,405 | = | 0.0% |
| Current assets | 29/58 | €187,876 | €185,780 | -€2,096 | -1.1% |
| Amounts receivable within one year | 40/41 | €82,009 | €61,982 | -€20,026 | -24.4% |
| Trade receivables | 40 | €74,540 | €54,994 | -€19,546 | -26.2% |
| Other amounts receivable | 41 | €7,469 | €6,988 | -€481 | -6.4% |
| Cash at bank and in hand | 54/58 | €92,785 | €118,054 | +€25,269 | +27.2% |
| Deferred charges and accrued income | 490/1 | €13,083 | €5,744 | -€7,339 | -56.1% |
| Total equity and liabilities | 10/49 | €325,922 | €294,910 | -€31,013 | -9.5% |
| Equity | 10/15 | €187,843 | €182,366 | -€5,477 | -2.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €121,921 | €121,921 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,866 | €1,866 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,866 | €1,866 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,157 | €11,157 | = | 0.0% |
| Distributable reserves | 133 | €108,898 | €108,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,717 | €54,240 | -€5,477 | -9.2% |
| Amounts payable | 17/49 | €138,079 | €112,543 | -€25,536 | -18.5% |
| Amounts payable after more than one year | 17 | €43,195 | €31,441 | -€11,754 | -27.2% |
| Financial debts | 170/4 | €43,195 | €31,441 | -€11,754 | -27.2% |
| Amounts payable within one year | 42/48 | €94,883 | €81,102 | -€13,782 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €36,310 | €36,754 | +€444 | +1.2% |
| Trade debts | 44 | €31,948 | €25,616 | -€6,332 | -19.8% |
| Suppliers | 440/4 | €31,948 | €25,616 | -€6,332 | -19.8% |
| Taxes, remuneration and social security | 45 | €17,566 | €16,066 | -€1,500 | -8.5% |
| Taxes | 450/3 | €10,066 | €7,066 | -€3,000 | -29.8% |
| Remuneration and social security | 454/9 | €7,500 | €9,000 | +€1,500 | +20.0% |
| Other amounts payable | 47/48 | €9,059 | €2,666 | -€6,393 | -70.6% |
| Non-recurring operating income | 76A | €28,514 | - | -€28,514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,876 | €30,253 | +€13,377 | +79.3% |
| Other operating charges | 640/8 | €1,499 | €1,314 | -€185 | -12.3% |
| Gross operating margin | 9900 | €43,840 | €32,092 | -€11,749 | -26.8% |
| Operating profit (loss) | 9901 | €25,465 | €525 | -€24,941 | -97.9% |
| Financial income | 75/76B | €408 | €0 | -€408 | -100.0% |
| Recurring financial income | 75 | €408 | €0 | -€408 | -100.0% |
| Financial charges | 65/66B | €4,841 | €6,002 | +€1,160 | +24.0% |
| Recurring financial charges | 65 | €4,841 | €5,358 | +€517 | +10.7% |
| Non-recurring financial charges | 66B | - | €643 | +€643 | |
| Profit (loss) for the period before taxes | 9903 | €21,032 | -€5,477 | -€26,509 | |
| Transfer from deferred taxes | 780 | €500 | - | -€500 | |
| Income taxes | 67/77 | €7,066 | - | -€7,066 | |
| Profit (loss) for the period | 9904 | €14,466 | -€5,477 | -€19,942 | |
| Transfer from tax-exempt reserves | 789 | €1,500 | - | -€1,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,966 | -€5,477 | -€21,442 |
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.