GEREX: 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.
GEREX
Largest movements
- Receivables within one year -€1,944
no longer reported in 2025 (was €1,944)
- Cash +€1,108
up €1,108 (+3.5%), from €31,244 to €32,352
mainly Other debts (+€2,912) and Receivables within one year (+€1,944)
- Profit (loss) carried forward -€3,748
down €3,748 (-87.2%), from €4,297 to €549
- Other debts +€2,912
up €2,912 (+38.3%), from €7,609 to €10,521
- Depreciation -€1,333
no longer reported in 2025 (was €1,333)
- Gross operating margin +€1,105
up €1,105 (+27.5%), from -€4,017 to -€2,912
- Other operating charges +€66
up €66 (+9.7%), from €682 to €748
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 | €33,188 | €32,352 | -€836 | -2.5% |
| Current assets | 29/58 | €33,188 | €32,352 | -€836 | -2.5% |
| Amounts receivable within one year | 40/41 | €1,944 | - | -€1,944 | |
| Other amounts receivable | 41 | €1,944 | - | -€1,944 | |
| Cash at bank and in hand | 54/58 | €31,244 | €32,352 | +€1,108 | +3.5% |
| Total equity and liabilities | 10/49 | €33,188 | €32,352 | -€836 | -2.5% |
| Equity | 10/15 | €24,757 | €21,009 | -€3,748 | -15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,297 | €549 | -€3,748 | -87.2% |
| Amounts payable | 17/49 | €8,431 | €11,343 | +€2,912 | +34.5% |
| Amounts payable within one year | 42/48 | €8,431 | €11,343 | +€2,912 | +34.5% |
| Trade debts | 44 | €822 | €822 | = | 0.0% |
| Suppliers | 440/4 | €822 | €822 | = | 0.0% |
| Other amounts payable | 47/48 | €7,609 | €10,521 | +€2,912 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,333 | - | -€1,333 | |
| Other operating charges | 640/8 | €682 | €748 | +€66 | +9.7% |
| Gross operating margin | 9900 | -€4,017 | -€2,912 | +€1,105 | +27.5% |
| Operating profit (loss) | 9901 | -€6,032 | -€3,660 | +€2,372 | +39.3% |
| Financial charges | 65/66B | €99 | €88 | -€11 | -10.7% |
| Recurring financial charges | 65 | €99 | €88 | -€11 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,130 | -€3,748 | +€2,382 | +38.9% |
| Profit (loss) for the period | 9904 | -€6,130 | -€3,748 | +€2,382 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,130 | -€3,748 | +€2,382 | +38.9% |
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 7 October 2026 via checked.be.