GERFIN: 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.
GERFIN
Largest movements
- Receivables within one year -€119,443
down €119,443 (-66.1%), from €180,677 to €61,234
- Other debts -€115,000
down €115,000 (-42.7%), from €269,399 to €154,399
- Profit (loss) carried forward -€4,194
down €4,194 (-4.3%), from -€97,982 to -€102,177
- Gross operating margin -€1,947
down €1,947 (-168%), from -€1,159 to -€3,106
- Other operating charges +€573
up €573 (+134%), from €427 to €1,000
- Financial charges +€47
up €47 (+114%), from €42 to €89
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 | €180,766 | €61,234 | -€119,532 | -66.1% |
| Current assets | 29/58 | €180,766 | €61,234 | -€119,532 | -66.1% |
| Amounts receivable within one year | 40/41 | €180,677 | €61,234 | -€119,443 | -66.1% |
| Other amounts receivable | 41 | €180,677 | €61,234 | -€119,443 | -66.1% |
| Cash at bank and in hand | 54/58 | €89 | €0 | -€89 | -100% |
| Total equity and liabilities | 10/49 | €180,766 | €61,234 | -€119,532 | -66.1% |
| Equity | 10/15 | -€91,785 | -€95,979 | -€4,194 | -4.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,982 | -€102,177 | -€4,194 | -4.3% |
| Amounts payable | 17/49 | €272,551 | €157,214 | -€115,337 | -42.3% |
| Amounts payable within one year | 42/48 | €272,551 | €157,214 | -€115,337 | -42.3% |
| Trade debts | 44 | €3,152 | €2,814 | -€337 | -10.7% |
| Suppliers | 440/4 | €3,152 | €2,814 | -€337 | -10.7% |
| Other amounts payable | 47/48 | €269,399 | €154,399 | -€115,000 | -42.7% |
| Other operating charges | 640/8 | €427 | €1,000 | +€573 | +134% |
| Gross operating margin | 9900 | -€1,159 | -€3,106 | -€1,947 | -168% |
| Operating profit (loss) | 9901 | -€1,586 | -€4,105 | -€2,520 | -159% |
| Financial charges | 65/66B | €42 | €89 | +€47 | +114% |
| Recurring financial charges | 65 | €42 | €89 | +€47 | +114% |
| Profit (loss) for the period before taxes | 9903 | -€1,627 | -€4,194 | -€2,567 | -158% |
| Profit (loss) for the period | 9904 | -€1,627 | -€4,194 | -€2,567 | -158% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,627 | -€4,194 | -€2,567 | -158% |
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.