GEREC ENGINEERING: 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.
GEREC ENGINEERING
Largest movements
- Receivables after one year +€79,796
new in 2025: €79,796
- Receivables within one year -€77,672
down €77,672 (-99.2%), from €78,325 to €653
of which Other amounts receivable: -€77,672
- Tangible fixed assets -€10,911
down €10,911 (-20.2%), from €54,113 to €43,202
- Profit (loss) carried forward -€23,979
down €23,979 (-4.8%), from -€497,399 to -€521,378
- Other debts +€16,534
up €16,534 (+186.5%), from €8,867 to €25,401
- Gross operating margin -€7,468
down €7,468 (-574.5%), from -€1,300 to -€8,767
- Financial income -€2,914
down €2,914 (-65.1%), from €4,473 to €1,559
- Financial charges +€1,422
up €1,422 (+2388.8%), from €60 to €1,481
- Other operating charges +€1,418
up €1,418 (+47.9%), from €2,960 to €4,378
- Taxes +€316
no longer reported in 2025 (was -€316)
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 | €133,806 | €125,483 | -€8,323 | -6.2% |
| Fixed assets | 21/28 | €54,113 | €43,202 | -€10,911 | -20.2% |
| Tangible fixed assets | 22/27 | €54,113 | €43,202 | -€10,911 | -20.2% |
| Land and buildings | 22 | €54,113 | €43,202 | -€10,911 | -20.2% |
| Current assets | 29/58 | €79,693 | €82,281 | +€2,588 | +3.2% |
| Amounts receivable after more than one year | 29 | - | €79,796 | +€79,796 | |
| Other amounts receivable | 291 | - | €79,796 | +€79,796 | |
| Amounts receivable within one year | 40/41 | €78,325 | €653 | -€77,672 | -99.2% |
| Trade receivables | 40 | €653 | €653 | = | 0.0% |
| Other amounts receivable | 41 | €77,672 | - | -€77,672 | |
| Cash at bank and in hand | 54/58 | €1,368 | €1,832 | +€465 | +34.0% |
| Total equity and liabilities | 10/49 | €133,806 | €125,483 | -€8,323 | -6.2% |
| Equity | 10/15 | €109,537 | €85,558 | -€23,979 | -21.9% |
| Contributions | 10/11 | €287,000 | €287,000 | = | 0.0% |
| Capital | 10 | €287,000 | €287,000 | = | 0.0% |
| Issued capital | 100 | €287,000 | €287,000 | = | 0.0% |
| Reserves | 13 | €319,936 | €319,936 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €313,736 | €313,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€497,399 | -€521,378 | -€23,979 | -4.8% |
| Provisions and deferred taxes | 16 | €6,250 | €6,250 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,250 | €6,250 | = | 0.0% |
| Environmental obligations | 163 | - | €6,250 | +€6,250 | |
| Other liabilities and charges | 164/5 | €6,250 | - | -€6,250 | |
| Amounts payable | 17/49 | €18,019 | €33,675 | +€15,656 | +86.9% |
| Amounts payable within one year | 42/48 | €18,019 | €33,675 | +€15,656 | +86.9% |
| Trade debts | 44 | €9,152 | €8,273 | -€878 | -9.6% |
| Suppliers | 440/4 | €9,152 | €8,273 | -€878 | -9.6% |
| Other amounts payable | 47/48 | €8,867 | €25,401 | +€16,534 | +186.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,911 | €10,911 | = | 0.0% |
| Other operating charges | 640/8 | €2,960 | €4,378 | +€1,418 | +47.9% |
| Gross operating margin | 9900 | -€1,300 | -€8,767 | -€7,468 | -574.5% |
| Operating profit (loss) | 9901 | -€15,170 | -€24,056 | -€8,886 | -58.6% |
| Financial income | 75/76B | €4,473 | €1,559 | -€2,914 | -65.1% |
| Recurring financial income | 75 | €4,473 | €1,559 | -€2,914 | -65.1% |
| Financial charges | 65/66B | €60 | €1,481 | +€1,422 | +2388.8% |
| Recurring financial charges | 65 | €60 | €1,481 | +€1,422 | +2388.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,757 | -€23,979 | -€13,222 | -122.9% |
| Income taxes | 67/77 | -€316 | - | +€316 | |
| Profit (loss) for the period | 9904 | -€10,441 | -€23,979 | -€13,537 | -129.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,441 | -€23,979 | -€13,537 | -129.7% |
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.