GERCEK: 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.
GERCEK
Largest movements
- Receivables within one year -€19,209
down €19,209 (-33.4%), from €57,454 to €38,246
of which Trade receivables: -€19,209
- Financial fixed assets +€5,000
up €5,000 (+35.7%), from €14,000 to €19,000
- Cash +€3,406
up €3,406 (+54.3%), from €6,276 to €9,683
mainly Receivables within one year (+€19,209) and Trade debts (+€7,228)
- Tangible fixed assets -€1,579
down €1,579 (-17.6%), from €8,976 to €7,397
of which Furniture and vehicles: -€2,359
- Profit (loss) carried forward -€16,923
down €16,923 (-54.8%), from €30,883 to €13,960
- Trade debts +€7,228
up €7,228 (+100.4%), from €7,198 to €14,426
- Tax, wage and social debts -€2,753
down €2,753 (-12.8%), from €21,559 to €18,807
of which Taxes: -€3,357
- Gross operating margin -€21,827
down €21,827 (-85.7%), from €25,475 to €3,648
- Taxes -€11,436
down €11,436 (-93.1%), from €12,281 to €845
- Other operating charges -€1,841
down €1,841 (-14.1%), from €13,060 to €11,219
- Staff costs -€726
down €726 (-25.4%), from €2,858 to €2,132
- Financial charges -€579
down €579 (-42.0%), from €1,377 to €799
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 | €86,891 | €74,326 | -€12,565 | -14.5% |
| Fixed assets | 21/28 | €22,976 | €26,397 | +€3,421 | +14.9% |
| Tangible fixed assets | 22/27 | €8,976 | €7,397 | -€1,579 | -17.6% |
| Plant, machinery and equipment | 23 | - | €780 | +€780 | |
| Furniture and vehicles | 24 | €8,976 | €6,617 | -€2,359 | -26.3% |
| Financial fixed assets | 28 | €14,000 | €19,000 | +€5,000 | +35.7% |
| Current assets | 29/58 | €63,915 | €47,928 | -€15,987 | -25.0% |
| Amounts receivable within one year | 40/41 | €57,454 | €38,246 | -€19,209 | -33.4% |
| Trade receivables | 40 | €57,076 | €37,867 | -€19,209 | -33.7% |
| Other amounts receivable | 41 | €379 | €379 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,276 | €9,683 | +€3,406 | +54.3% |
| Deferred charges and accrued income | 490/1 | €185 | - | -€185 | |
| Total equity and liabilities | 10/49 | €86,891 | €74,326 | -€12,565 | -14.5% |
| Equity | 10/15 | €50,408 | €33,485 | -€16,923 | -33.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €925 | €925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €925 | €925 | = | 0.0% |
| Reserves not available under the articles | 1311 | €925 | €925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,883 | €13,960 | -€16,923 | -54.8% |
| Amounts payable | 17/49 | €36,483 | €40,840 | +€4,357 | +11.9% |
| Amounts payable within one year | 42/48 | €36,483 | €40,840 | +€4,357 | +11.9% |
| Trade debts | 44 | €7,198 | €14,426 | +€7,228 | +100.4% |
| Suppliers | 440/4 | €7,198 | €14,426 | +€7,228 | +100.4% |
| Taxes, remuneration and social security | 45 | €21,559 | €18,807 | -€2,753 | -12.8% |
| Taxes | 450/3 | €21,049 | €17,692 | -€3,357 | -15.9% |
| Remuneration and social security | 454/9 | €510 | €1,114 | +€604 | +118.3% |
| Other amounts payable | 47/48 | €7,726 | €7,608 | -€118 | -1.5% |
| Remuneration, social security and pensions | 62 | €2,858 | €2,132 | -€726 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,998 | €2,554 | -€444 | -14.8% |
| Other operating charges | 640/8 | €13,060 | €11,219 | -€1,841 | -14.1% |
| Non-recurring operating charges | 66A | - | €3,027 | +€3,027 | |
| Gross operating margin | 9900 | €25,475 | €3,648 | -€21,827 | -85.7% |
| Operating profit (loss) | 9901 | €6,560 | -€15,284 | -€21,844 | |
| Financial income | 75/76B | €2 | €5 | +€3 | +151.8% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +151.8% |
| Financial charges | 65/66B | €1,377 | €799 | -€579 | -42.0% |
| Recurring financial charges | 65 | €1,377 | €799 | -€579 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €5,184 | -€16,078 | -€21,262 | |
| Income taxes | 67/77 | €12,281 | €845 | -€11,436 | -93.1% |
| Profit (loss) for the period | 9904 | -€7,097 | -€16,923 | -€9,826 | -138.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,097 | -€16,923 | -€9,826 | -138.5% |
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 11 October 2026 via checked.be.