GERGEO: 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.
GERGEO
Largest movements
- Tangible fixed assets -€209,731
down €209,731 (-3.9%), from €5.3m to €5.1m
of which Land and buildings: -€206,696
- Cash +€67,445
up €67,445 (+42.3%), from €159,427 to €226,872
mainly Depreciation (+€239,669) and Net result for the year (+€126,294)
- Other debts -€264,816
down €264,816 (-7.0%), from €3.8m to €3.5m
- Profit (loss) carried forward +€126,294
up €126,294 (+10.8%), from €1.2m to €1.3m
- Other operating charges +€115,824
up €115,824 (+5,805%), from €1,995 to €117,819
- Taxes -€30,011
down €30,011 (-41.9%), from €71,606 to €41,595
- Gross operating margin -€19,805
down €19,805 (-3.3%), from €591,215 to €571,410
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.
Derived cash bridge
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 | €5,590,587 | €5,436,338 | -€154,250 | -2.8% |
| Fixed assets | 21/28 | €5,347,047 | €5,137,315 | -€209,731 | -3.9% |
| Tangible fixed assets | 22/27 | €5,347,047 | €5,137,315 | -€209,731 | -3.9% |
| Land and buildings | 22 | €5,337,665 | €5,130,968 | -€206,696 | -3.9% |
| Plant, machinery and equipment | 23 | €9,382 | €6,347 | -€3,035 | -32.4% |
| Current assets | 29/58 | €243,540 | €299,022 | +€55,482 | +22.8% |
| Amounts receivable within one year | 40/41 | €78,958 | €44,983 | -€33,975 | -43.0% |
| Trade receivables | 40 | €78,958 | €44,983 | -€33,975 | -43.0% |
| Cash at bank and in hand | 54/58 | €159,427 | €226,872 | +€67,445 | +42.3% |
| Deferred charges and accrued income | 490/1 | €5,156 | €27,167 | +€22,012 | +427% |
| Total equity and liabilities | 10/49 | €5,590,587 | €5,436,338 | -€154,250 | -2.8% |
| Equity | 10/15 | €1,745,017 | €1,871,311 | +€126,294 | +7.2% |
| Contributions | 10/11 | €249,200 | €249,200 | = | 0.0% |
| Capital | 10 | €249,200 | €249,200 | = | 0.0% |
| Issued capital | 100 | €249,200 | €249,200 | = | 0.0% |
| Reserves | 13 | €324,920 | €324,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,920 | €24,920 | = | 0.0% |
| Legal reserve | 130 | €24,920 | €24,920 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,170,897 | €1,297,191 | +€126,294 | +10.8% |
| Amounts payable | 17/49 | €3,845,571 | €3,565,027 | -€280,544 | -7.3% |
| Amounts payable after more than one year | 17 | €24,488 | €20,744 | -€3,744 | -15.3% |
| Other amounts payable | 178/9 | €24,488 | €20,744 | -€3,744 | -15.3% |
| Amounts payable within one year | 42/48 | €3,818,118 | €3,542,213 | -€275,906 | -7.2% |
| Trade debts | 44 | €3,794 | €1,228 | -€2,566 | -67.6% |
| Suppliers | 440/4 | €3,794 | €1,228 | -€2,566 | -67.6% |
| Taxes, remuneration and social security | 45 | €48,940 | €40,416 | -€8,524 | -17.4% |
| Taxes | 450/3 | €48,940 | €40,416 | -€8,524 | -17.4% |
| Other amounts payable | 47/48 | €3,765,384 | €3,500,568 | -€264,816 | -7.0% |
| Accrued charges and deferred income | 492/3 | €2,965 | €2,070 | -€894 | -30.2% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,486 | €239,669 | -€3,817 | -1.6% |
| Other operating charges | 640/8 | €1,995 | €117,819 | +€115,824 | +5,805% |
| Gross operating margin | 9900 | €591,215 | €571,410 | -€19,805 | -3.3% |
| Operating profit (loss) | 9901 | €345,735 | €213,922 | -€131,812 | -38.1% |
| Financial income | 75/76B | €11 | €4,547 | +€4,536 | +42,635% |
| Recurring financial income | 75 | €11 | €4,547 | +€4,536 | +42,635% |
| Financial charges | 65/66B | €54,283 | €50,580 | -€3,703 | -6.8% |
| Recurring financial charges | 65 | €54,283 | €50,580 | -€3,703 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €291,462 | €167,890 | -€123,573 | -42.4% |
| Income taxes | 67/77 | €71,606 | €41,595 | -€30,011 | -41.9% |
| Profit (loss) for the period | 9904 | €219,856 | €126,294 | -€93,562 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €219,856 | €126,294 | -€93,562 | -42.6% |
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 16 October 2026 via checked.be.