Gerelage: 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.
Gerelage
Largest movements
- Tangible fixed assets -€71,139
down €71,139 (-2.0%), from €3.5m to €3.5m
of which Land and buildings: -€122,979
- Profit (loss) carried forward -€83,330
down €83,330 (-12.2%), from -€681,608 to -€764,938
- Debts after one year +€65,000
up €65,000 (+2.2%), from €3.0m to €3.1m
- Other debts -€39,708
down €39,708 (-63.7%), from €62,320 to €22,612
- Gross operating margin -€8,443
down €8,443 (-14.3%), from €58,953 to €50,510
- Other operating charges -€2,601
down €2,601 (-19.6%), from €13,243 to €10,643
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 | €3,586,258 | €3,533,973 | -€52,286 | -1.5% |
| Fixed assets | 21/28 | €3,549,454 | €3,478,314 | -€71,139 | -2.0% |
| Tangible fixed assets | 22/27 | €3,549,454 | €3,478,314 | -€71,139 | -2.0% |
| Land and buildings | 22 | €3,549,454 | €3,426,475 | -€122,979 | -3.5% |
| Assets under construction and advance payments | 27 | - | €51,840 | +€51,840 | |
| Current assets | 29/58 | €36,805 | €55,658 | +€18,853 | +51.2% |
| Amounts receivable within one year | 40/41 | - | €522 | +€522 | |
| Trade receivables | 40 | - | €493 | +€493 | |
| Other amounts receivable | 41 | - | €28 | +€28 | |
| Cash at bank and in hand | 54/58 | €36,805 | €55,136 | +€18,332 | +49.8% |
| Total equity and liabilities | 10/49 | €3,586,258 | €3,533,973 | -€52,286 | -1.5% |
| Equity | 10/15 | €518,392 | €435,062 | -€83,330 | -16.1% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Capital | 10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Issued capital | 100 | €1,200,000 | €1,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€681,608 | -€764,938 | -€83,330 | -12.2% |
| Amounts payable | 17/49 | €3,067,866 | €3,098,910 | +€31,044 | +1.0% |
| Amounts payable after more than one year | 17 | €3,000,000 | €3,065,000 | +€65,000 | +2.2% |
| Other amounts payable | 178/9 | €3,000,000 | €3,065,000 | +€65,000 | +2.2% |
| Amounts payable within one year | 42/48 | €64,451 | €31,465 | -€32,986 | -51.2% |
| Trade debts | 44 | €1,883 | €8,853 | +€6,971 | +370.3% |
| Suppliers | 440/4 | €1,883 | €8,853 | +€6,971 | +370.3% |
| Taxes, remuneration and social security | 45 | €249 | - | -€249 | |
| Taxes | 450/3 | €249 | - | -€249 | |
| Other amounts payable | 47/48 | €62,320 | €22,612 | -€39,708 | -63.7% |
| Accrued charges and deferred income | 492/3 | €3,415 | €2,445 | -€970 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,979 | €122,979 | = | 0.0% |
| Other operating charges | 640/8 | €13,243 | €10,643 | -€2,601 | -19.6% |
| Gross operating margin | 9900 | €58,953 | €50,510 | -€8,443 | -14.3% |
| Operating profit (loss) | 9901 | -€77,270 | -€83,112 | -€5,842 | -7.6% |
| Financial charges | 65/66B | €96 | €97 | +€1 | +1.1% |
| Recurring financial charges | 65 | €96 | €97 | +€1 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€77,365 | -€83,208 | -€5,843 | -7.6% |
| Income taxes | 67/77 | €133 | €122 | -€11 | -8.2% |
| Profit (loss) for the period | 9904 | -€77,498 | -€83,330 | -€5,832 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,498 | -€83,330 | -€5,832 | -7.5% |
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 10 October 2026 via checked.be.