GERI: 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.
GERI
Largest movements
- Cash +€66,219
up €66,219 (+71.6%), from €92,530 to €158,749
mainly Net result for the year (+€55,161) and Depreciation (+€6,665)
- Reserves +€55,161
up €55,161 (+29.9%), from €184,262 to €239,424
of which Distributable reserves: +€55,161
- Other debts +€3,592
up €3,592 (+47.5%), from €7,558 to €11,150
- Gross operating margin +€2,531
up €2,531 (+2.6%), from €95,833 to €98,364
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 | €216,543 | €277,388 | +€60,845 | +28.1% |
| Fixed assets | 21/28 | €121,300 | €118,639 | -€2,661 | -2.2% |
| Tangible fixed assets | 22/27 | €121,300 | €118,639 | -€2,661 | -2.2% |
| Land and buildings | 22 | €92,885 | €96,689 | +€3,804 | +4.1% |
| Furniture and vehicles | 24 | €28,415 | €21,950 | -€6,465 | -22.8% |
| Current assets | 29/58 | €95,243 | €158,749 | +€63,507 | +66.7% |
| Amounts receivable within one year | 40/41 | €500 | - | -€500 | |
| Other amounts receivable | 41 | €500 | - | -€500 | |
| Cash at bank and in hand | 54/58 | €92,530 | €158,749 | +€66,219 | +71.6% |
| Deferred charges and accrued income | 490/1 | €2,213 | - | -€2,213 | |
| Total equity and liabilities | 10/49 | €216,543 | €277,388 | +€60,845 | +28.1% |
| Equity | 10/15 | €206,551 | €261,712 | +€55,161 | +26.7% |
| Contributions | 10/11 | €3,447 | €3,447 | = | 0.0% |
| Reserves | 13 | €184,262 | €239,424 | +€55,161 | +29.9% |
| Tax-exempt reserves | 132 | €23 | €23 | = | 0.0% |
| Distributable reserves | 133 | €184,239 | €239,401 | +€55,161 | +29.9% |
| Profit (loss) carried forward | 14 | €18,842 | €18,842 | = | 0.0% |
| Amounts payable | 17/49 | €9,992 | €15,676 | +€5,684 | +56.9% |
| Amounts payable within one year | 42/48 | €9,992 | €15,676 | +€5,684 | +56.9% |
| Trade debts | 44 | €5 | €605 | +€600 | +11000.9% |
| Suppliers | 440/4 | €5 | €605 | +€600 | +11000.9% |
| Taxes, remuneration and social security | 45 | €2,429 | €3,921 | +€1,493 | +61.5% |
| Taxes | 450/3 | €2,429 | €3,921 | +€1,493 | +61.5% |
| Other amounts payable | 47/48 | €7,558 | €11,150 | +€3,592 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,842 | €6,665 | +€823 | +14.1% |
| Other operating charges | 640/8 | €8,984 | €9,699 | +€715 | +8.0% |
| Gross operating margin | 9900 | €95,833 | €98,364 | +€2,531 | +2.6% |
| Operating profit (loss) | 9901 | €81,007 | €82,000 | +€993 | +1.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €15 | €44 | +€29 | +200.0% |
| Recurring financial charges | 65 | €15 | €44 | +€29 | +200.0% |
| Profit (loss) for the period before taxes | 9903 | €80,993 | €81,957 | +€964 | +1.2% |
| Income taxes | 67/77 | €25,851 | €26,795 | +€945 | +3.7% |
| Profit (loss) for the period | 9904 | €55,142 | €55,161 | +€19 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,142 | €55,161 | +€19 | 0.0% |
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 8 October 2026 via checked.be.