GERCRO: 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.
GERCRO
Largest movements
- Stocks and contracts -€24,297
down €24,297 (-62.2%), from €39,051 to €14,754
- Tangible fixed assets -€20,385
down €20,385 (-29.1%), from €70,025 to €49,640
of which Furniture and vehicles: -€22,912
- Cash +€7,140
up €7,140 (+10.8%), from €66,247 to €73,387
mainly Stocks and contracts (+€24,297) and Depreciation (+€13,251)
- Receivables within one year -€6,573
down €6,573 (-19.2%), from €34,305 to €27,731
of which Other amounts receivable: -€7,586
- Trade debts -€48,562
down €48,562 (-80.5%), from €60,291 to €11,729
- Profit (loss) carried forward +€3,704
up €3,704 (+58.6%), from -€6,317 to -€2,613
- Gross operating margin +€8,587
up €8,587 (+91.3%), from €9,401 to €17,988
- Financial charges -€842
down €842 (-93.8%), from €897 to €56
- Depreciation -€490
down €490 (-3.6%), from €13,741 to €13,251
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 | €210,841 | €167,307 | -€43,534 | -20.6% |
| Fixed assets | 21/28 | €70,025 | €49,640 | -€20,385 | -29.1% |
| Tangible fixed assets | 22/27 | €70,025 | €49,640 | -€20,385 | -29.1% |
| Land and buildings | 22 | €9,035 | €8,122 | -€913 | -10.1% |
| Plant, machinery and equipment | 23 | €1,264 | €4,704 | +€3,439 | +272.0% |
| Furniture and vehicles | 24 | €59,726 | €36,814 | -€22,912 | -38.4% |
| Current assets | 29/58 | €140,816 | €117,668 | -€23,148 | -16.4% |
| Stocks and contracts in progress | 3 | €39,051 | €14,754 | -€24,297 | -62.2% |
| Stocks | 30/36 | €39,051 | €14,754 | -€24,297 | -62.2% |
| Amounts receivable within one year | 40/41 | €34,305 | €27,731 | -€6,573 | -19.2% |
| Trade receivables | 40 | €26,269 | €27,281 | +€1,012 | +3.9% |
| Other amounts receivable | 41 | €8,036 | €450 | -€7,586 | -94.4% |
| Cash at bank and in hand | 54/58 | €66,247 | €73,387 | +€7,140 | +10.8% |
| Deferred charges and accrued income | 490/1 | €1,213 | €1,795 | +€582 | +48.0% |
| Total equity and liabilities | 10/49 | €210,841 | €167,307 | -€43,534 | -20.6% |
| Equity | 10/15 | €119,729 | €123,433 | +€3,704 | +3.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €106,046 | €106,046 | = | 0.0% |
| Distributable reserves | 133 | €106,046 | €106,046 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,317 | -€2,613 | +€3,704 | +58.6% |
| Amounts payable | 17/49 | €91,112 | €43,874 | -€47,238 | -51.8% |
| Amounts payable within one year | 42/48 | €91,112 | €43,874 | -€47,238 | -51.8% |
| Trade debts | 44 | €60,291 | €11,729 | -€48,562 | -80.5% |
| Suppliers | 440/4 | €60,291 | €11,729 | -€48,562 | -80.5% |
| Taxes, remuneration and social security | 45 | €2,304 | €3,057 | +€754 | +32.7% |
| Taxes | 450/3 | €2,304 | €3,057 | +€754 | +32.7% |
| Other amounts payable | 47/48 | €28,517 | €29,088 | +€571 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,741 | €13,251 | -€490 | -3.6% |
| Other operating charges | 640/8 | €1,229 | €1,127 | -€102 | -8.3% |
| Gross operating margin | 9900 | €9,401 | €17,988 | +€8,587 | +91.3% |
| Operating profit (loss) | 9901 | -€5,570 | €3,610 | +€9,179 | |
| Financial income | 75/76B | €150 | €150 | = | 0.0% |
| Recurring financial income | 75 | €150 | €150 | = | 0.0% |
| Financial charges | 65/66B | €897 | €56 | -€842 | -93.8% |
| Recurring financial charges | 65 | €897 | €56 | -€842 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,317 | €3,704 | +€10,021 | |
| Profit (loss) for the period | 9904 | -€6,317 | €3,704 | +€10,021 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,317 | €3,704 | +€10,021 |
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 3 October 2026 via checked.be.