Geremi: 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.
Geremi
Largest movements
- Cash +€428,425
up €428,425 (+209.5%), from €204,489 to €632,914
mainly Net result for the year (+€283,248) and Current investments (+€132,856)
- Current investments -€132,856
down €132,856 (-13.7%), from €966,926 to €834,070
- Reserves +€283,248
up €283,248 (+26.2%), from €1.1m to €1.4m
- Financial income -€11,130
down €11,130 (-3.8%), from €290,867 to €279,736
- Gross operating margin +€6,741
up €6,741 (+10.6%), from €63,833 to €70,574
- Taxes -€5,528
down €5,528 (-10.6%), from €52,266 to €46,737
- Depreciation +€1,985
up €1,985 (+23.0%), from €8,635 to €10,620
- Financial charges -€1,907
down €1,907 (-19.3%), from €9,858 to €7,951
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 | €1,202,352 | €1,494,404 | +€292,052 | +24.3% |
| Fixed assets | 21/28 | €24,989 | €19,985 | -€5,003 | -20.0% |
| Tangible fixed assets | 22/27 | €19,989 | €14,985 | -€5,003 | -25.0% |
| Plant, machinery and equipment | 23 | €8,265 | €11,142 | +€2,877 | +34.8% |
| Furniture and vehicles | 24 | €11,724 | €3,843 | -€7,881 | -67.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,177,364 | €1,474,419 | +€297,055 | +25.2% |
| Amounts receivable within one year | 40/41 | €5,346 | €7,361 | +€2,015 | +37.7% |
| Trade receivables | 40 | €5,346 | €1,985 | -€3,361 | -62.9% |
| Other amounts receivable | 41 | - | €5,375 | +€5,375 | |
| Current investments | 50/53 | €966,926 | €834,070 | -€132,856 | -13.7% |
| Cash at bank and in hand | 54/58 | €204,489 | €632,914 | +€428,425 | +209.5% |
| Deferred charges and accrued income | 490/1 | €602 | €74 | -€529 | -87.8% |
| Total equity and liabilities | 10/49 | €1,202,352 | €1,494,404 | +€292,052 | +24.3% |
| Equity | 10/15 | €1,100,275 | €1,383,523 | +€283,248 | +25.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,081,725 | €1,364,973 | +€283,248 | +26.2% |
| Distributable reserves | 133 | €1,081,725 | €1,364,973 | +€283,248 | +26.2% |
| Amounts payable | 17/49 | €102,078 | €110,882 | +€8,804 | +8.6% |
| Amounts payable within one year | 42/48 | €100,897 | €105,277 | +€4,381 | +4.3% |
| Trade debts | 44 | - | €283 | +€283 | |
| Suppliers | 440/4 | - | €283 | +€283 | |
| Taxes, remuneration and social security | 45 | €35,909 | €35,403 | -€506 | -1.4% |
| Taxes | 450/3 | €33,429 | €32,923 | -€506 | -1.5% |
| Remuneration and social security | 454/9 | €2,480 | €2,480 | = | 0.0% |
| Other amounts payable | 47/48 | €64,988 | €69,592 | +€4,604 | +7.1% |
| Accrued charges and deferred income | 492/3 | €1,181 | €5,604 | +€4,423 | +374.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,635 | €10,620 | +€1,985 | +23.0% |
| Other operating charges | 640/8 | €1,129 | €1,755 | +€626 | +55.4% |
| Gross operating margin | 9900 | €63,833 | €70,574 | +€6,741 | +10.6% |
| Operating profit (loss) | 9901 | €54,069 | €58,199 | +€4,130 | +7.6% |
| Financial income | 75/76B | €290,867 | €279,736 | -€11,130 | -3.8% |
| Recurring financial income | 75 | €290,867 | €279,736 | -€11,130 | -3.8% |
| Financial charges | 65/66B | €9,858 | €7,951 | -€1,907 | -19.3% |
| Recurring financial charges | 65 | €9,858 | €7,951 | -€1,907 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €335,078 | €329,985 | -€5,093 | -1.5% |
| Income taxes | 67/77 | €52,266 | €46,737 | -€5,528 | -10.6% |
| Profit (loss) for the period | 9904 | €282,812 | €283,248 | +€436 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €282,812 | €283,248 | +€436 | +0.2% |
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 6 October 2026 via checked.be.