GEREMAS: 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.
GEREMAS
Largest movements
- Cash -€39,388
down €39,388 (-37.9%), from €103,897 to €64,509
mainly Other debts (-€34,997) and Receivables within one year (-€20,020)
- Receivables within one year +€20,020
up €20,020 (+1,498%), from €1,336 to €21,357
of which Other amounts receivable: +€10,202
- Tangible fixed assets +€1,985
up €1,985 (+20.9%), from €9,516 to €11,502
of which Plant, machinery and equipment: +€2,322
- Other debts -€34,997
down €34,997 (-86.9%), from €40,259 to €5,261
- Trade debts +€20,324
up €20,324 (+1,168%), from €1,740 to €22,063
- Short-term financial debts +€7,800
new in 2024: €7,800
- Profit (loss) carried forward -€5,452
new in 2024: -€5,452
- Tax, wage and social debts -€4,570
down €4,570 (-27.2%), from €16,775 to €12,205
of which Remuneration and social security: -€2,917
- Gross operating margin -€51,134
down €51,134 (-40.6%), from €125,928 to €74,793
- Staff costs -€40,502
down €40,502 (-37.1%), from €109,276 to €68,775
- Other operating charges +€4,012
up €4,012 (+136%), from €2,961 to €6,973
- Taxes -€2,302
down €2,302 (-100%), from €2,302 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,326 | €103,430 | -€16,896 | -14.0% |
| Fixed assets | 21/28 | €12,385 | €14,370 | +€1,985 | +16.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €9,516 | €11,502 | +€1,985 | +20.9% |
| Plant, machinery and equipment | 23 | €8,729 | €11,051 | +€2,322 | +26.6% |
| Furniture and vehicles | 24 | €787 | €450 | -€337 | -42.8% |
| Financial fixed assets | 28 | €2,868 | €2,868 | = | 0.0% |
| Current assets | 29/58 | €107,941 | €89,060 | -€18,881 | -17.5% |
| Stocks and contracts in progress | 3 | €2,654 | €2,654 | = | 0.0% |
| Stocks | 30/36 | €2,654 | €2,654 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,336 | €21,357 | +€20,020 | +1,498% |
| Trade receivables | 40 | €315 | €10,134 | +€9,819 | +3,117% |
| Other amounts receivable | 41 | €1,021 | €11,223 | +€10,202 | +999% |
| Cash at bank and in hand | 54/58 | €103,897 | €64,509 | -€39,388 | -37.9% |
| Deferred charges and accrued income | 490/1 | €54 | €541 | +€487 | +901% |
| Total equity and liabilities | 10/49 | €120,326 | €103,430 | -€16,896 | -14.0% |
| Equity | 10/15 | €61,552 | €56,101 | -€5,452 | -8.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €36,763 | €36,763 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €0 | -€2,479 | -100% |
| Reserves not available under the articles | 1311 | €2,479 | €0 | -€2,479 | -100% |
| Tax-exempt reserves | 132 | €454 | €454 | = | 0.0% |
| Distributable reserves | 133 | €33,830 | €36,309 | +€2,479 | +7.3% |
| Profit (loss) carried forward | 14 | - | -€5,452 | -€5,452 | |
| Amounts payable | 17/49 | €58,773 | €47,330 | -€11,444 | -19.5% |
| Amounts payable within one year | 42/48 | €58,773 | €47,330 | -€11,444 | -19.5% |
| Financial debts | 43 | - | €7,800 | +€7,800 | |
| Credit institutions | 430/8 | - | €7,800 | +€7,800 | |
| Trade debts | 44 | €1,740 | €22,063 | +€20,324 | +1,168% |
| Suppliers | 440/4 | €1,740 | €22,063 | +€20,324 | +1,168% |
| Taxes, remuneration and social security | 45 | €16,775 | €12,205 | -€4,570 | -27.2% |
| Taxes | 450/3 | €5,628 | €3,975 | -€1,652 | -29.4% |
| Remuneration and social security | 454/9 | €11,147 | €8,230 | -€2,917 | -26.2% |
| Other amounts payable | 47/48 | €40,259 | €5,261 | -€34,997 | -86.9% |
| Remuneration, social security and pensions | 62 | €109,276 | €68,775 | -€40,502 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,218 | €1,672 | -€546 | -24.6% |
| Other operating charges | 640/8 | €2,961 | €6,973 | +€4,012 | +136% |
| Gross operating margin | 9900 | €125,928 | €74,793 | -€51,134 | -40.6% |
| Operating profit (loss) | 9901 | €11,473 | -€2,626 | -€14,099 | |
| Financial income | 75/76B | €308 | €379 | +€71 | +23.1% |
| Recurring financial income | 75 | €308 | €379 | +€71 | +23.1% |
| Financial charges | 65/66B | €2,055 | €3,205 | +€1,149 | +55.9% |
| Recurring financial charges | 65 | €2,055 | €3,205 | +€1,149 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €9,725 | -€5,452 | -€15,177 | |
| Income taxes | 67/77 | €2,302 | €0 | -€2,302 | -100% |
| Profit (loss) for the period | 9904 | €7,424 | -€5,452 | -€12,876 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,424 | -€5,452 | -€12,876 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.