GEREGOED: 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.
GEREGOED
Largest movements
- Cash -€26,952
down €26,952 (-37.1%), from €72,577 to €45,625
mainly Current investments (-€20,722) and Contributions, distributions and other (-€20,612)
- Current investments +€20,722
up €20,722 (+83.0%), from €24,965 to €45,687
- Tangible fixed assets -€15,285
down €15,285 (-10.3%), from €147,816 to €132,531
of which Furniture and vehicles: -€10,989
- Receivables within one year +€6,742
up €6,742 (+112%), from €6,044 to €12,785
of which Trade receivables: +€5,330
- Deferred charges and accrued income -€4,606
down €4,606 (-58.4%), from €7,883 to €3,277
- Reserves -€9,941
down €9,941 (-7.1%), from €139,160 to €129,219
- Debts after one year -€8,365
down €8,365 (-9.9%), from €84,876 to €76,511
- Tax, wage and social debts -€2,649
down €2,649 (-47.4%), from €5,594 to €2,945
of which Taxes: -€2,983
- Financial charges +€1,412
up €1,412 (+38.0%), from €3,719 to €5,131
- Gross operating margin +€625
up €625 (+1.5%), from €42,679 to €43,304
- Other operating charges -€552
down €552 (-20.4%), from €2,708 to €2,156
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.
Derived cash bridge
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 | €261,879 | €244,326 | -€17,553 | -6.7% |
| Fixed assets | 21/28 | €147,951 | €134,290 | -€13,661 | -9.2% |
| Intangible fixed assets | 21 | - | €1,624 | +€1,624 | |
| Tangible fixed assets | 22/27 | €147,816 | €132,531 | -€15,285 | -10.3% |
| Land and buildings | 22 | €101,934 | €99,871 | -€2,063 | -2.0% |
| Plant, machinery and equipment | 23 | €7,510 | €5,278 | -€2,232 | -29.7% |
| Furniture and vehicles | 24 | €38,372 | €27,382 | -€10,989 | -28.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €113,928 | €110,036 | -€3,892 | -3.4% |
| Stocks and contracts in progress | 3 | €2,459 | €2,662 | +€203 | +8.3% |
| Stocks | 30/36 | €2,459 | €2,662 | +€203 | +8.3% |
| Amounts receivable within one year | 40/41 | €6,044 | €12,785 | +€6,742 | +112% |
| Trade receivables | 40 | €5,769 | €11,099 | +€5,330 | +92.4% |
| Other amounts receivable | 41 | €275 | €1,686 | +€1,411 | +513% |
| Current investments | 50/53 | €24,965 | €45,687 | +€20,722 | +83.0% |
| Cash at bank and in hand | 54/58 | €72,577 | €45,625 | -€26,952 | -37.1% |
| Deferred charges and accrued income | 490/1 | €7,883 | €3,277 | -€4,606 | -58.4% |
| Total equity and liabilities | 10/49 | €261,879 | €244,326 | -€17,553 | -6.7% |
| Equity | 10/15 | €145,360 | €135,419 | -€9,941 | -6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,160 | €129,219 | -€9,941 | -7.1% |
| Distributable reserves | 133 | €139,160 | €129,219 | -€9,941 | -7.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €116,518 | €108,907 | -€7,611 | -6.5% |
| Amounts payable after more than one year | 17 | €84,876 | €76,511 | -€8,365 | -9.9% |
| Financial debts | 170/4 | €84,876 | €76,511 | -€8,365 | -9.9% |
| Amounts payable within one year | 42/48 | €30,846 | €31,590 | +€744 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €8,015 | €8,365 | +€350 | +4.4% |
| Trade debts | 44 | €1,950 | €3,063 | +€1,112 | +57.0% |
| Suppliers | 440/4 | €1,950 | €3,063 | +€1,112 | +57.0% |
| Taxes, remuneration and social security | 45 | €5,594 | €2,945 | -€2,649 | -47.4% |
| Taxes | 450/3 | €3,328 | €345 | -€2,983 | -89.6% |
| Remuneration and social security | 454/9 | €2,266 | €2,600 | +€334 | +14.7% |
| Other amounts payable | 47/48 | €15,287 | €17,217 | +€1,931 | +12.6% |
| Accrued charges and deferred income | 492/3 | €796 | €806 | +€10 | +1.3% |
| Non-recurring operating income | 76A | €300 | €0 | -€300 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,360 | €20,763 | +€403 | +2.0% |
| Other operating charges | 640/8 | €2,708 | €2,156 | -€552 | -20.4% |
| Gross operating margin | 9900 | €42,679 | €43,304 | +€625 | +1.5% |
| Operating profit (loss) | 9901 | €19,610 | €20,385 | +€774 | +3.9% |
| Financial income | 75/76B | €99 | €164 | +€65 | +65.5% |
| Recurring financial income | 75 | €99 | €164 | +€65 | +65.5% |
| Financial charges | 65/66B | €3,719 | €5,131 | +€1,412 | +38.0% |
| Recurring financial charges | 65 | €3,719 | €5,131 | +€1,412 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €15,990 | €15,417 | -€573 | -3.6% |
| Income taxes | 67/77 | €4,725 | €4,746 | +€21 | +0.5% |
| Profit (loss) for the period | 9904 | €11,265 | €10,671 | -€594 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,265 | €10,671 | -€594 | -5.3% |
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 20 October 2026 via checked.be.