GERI MANAGEMENT: 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.
GERI MANAGEMENT
Largest movements
- Receivables within one year -€40,232
down €40,232 (-80.9%), from €49,704 to €9,472
of which Other amounts receivable: -€47,024
- Cash -€19,485
down €19,485 (-41.8%), from €46,593 to €27,108
mainly Net result for the year (-€46,060) and Investment in fixed assets (net) (-€25,837)
- Stocks and contracts -€10,106
down €10,106 (-100%), from €10,106 to €0
- Tangible fixed assets -€4,878
down €4,878 (-5.2%), from €93,194 to €88,317
of which Furniture and vehicles: -€27,686
- Profit (loss) carried forward -€46,060
new in 2025: -€46,060
- Tax, wage and social debts -€19,741
down €19,741 (-78.1%), from €25,263 to €5,522
- Trade debts -€18,551
down €18,551 (-94.4%), from €19,658 to €1,107
- Other debts +€6,130
up €6,130, from €0 to €6,130
- Accrued charges and deferred income +€4,500
up €4,500, from €0 to €4,500
- Gross operating margin -€97,341
down €97,341, from €82,828 to -€14,513
- Taxes -€13,408
down €13,408 (-99.0%), from €13,549 to €141
- Financial charges -€8,738
down €8,738 (-89.6%), from €9,756 to €1,018
- Depreciation +€4,183
up €4,183 (+15.8%), from €26,532 to €30,715
- Financial income +€1,487
up €1,487 (+14,872,500%), from €0 to €1,487
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 | €202,682 | €128,960 | -€73,722 | -36.4% |
| Fixed assets | 21/28 | €93,194 | €88,317 | -€4,878 | -5.2% |
| Tangible fixed assets | 22/27 | €93,194 | €88,317 | -€4,878 | -5.2% |
| Plant, machinery and equipment | 23 | €3,462 | €2,032 | -€1,430 | -41.3% |
| Furniture and vehicles | 24 | €89,733 | €62,046 | -€27,686 | -30.9% |
| Other tangible fixed assets | 26 | - | €24,238 | +€24,238 | |
| Current assets | 29/58 | €109,487 | €40,644 | -€68,844 | -62.9% |
| Stocks and contracts in progress | 3 | €10,106 | €0 | -€10,106 | -100% |
| Stocks | 30/36 | €10,106 | €0 | -€10,106 | -100% |
| Amounts receivable within one year | 40/41 | €49,704 | €9,472 | -€40,232 | -80.9% |
| Trade receivables | 40 | €1,215 | €8,007 | +€6,792 | +559% |
| Other amounts receivable | 41 | €48,488 | €1,465 | -€47,024 | -97.0% |
| Cash at bank and in hand | 54/58 | €46,593 | €27,108 | -€19,485 | -41.8% |
| Deferred charges and accrued income | 490/1 | €3,084 | €4,064 | +€979 | +31.7% |
| Total equity and liabilities | 10/49 | €202,682 | €128,960 | -€73,722 | -36.4% |
| Equity | 10/15 | €157,761 | €111,701 | -€46,060 | -29.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €107,761 | €107,761 | = | 0.0% |
| Distributable reserves | 133 | €107,761 | €107,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€46,060 | -€46,060 | |
| Amounts payable | 17/49 | €44,921 | €17,259 | -€27,662 | -61.6% |
| Amounts payable within one year | 42/48 | €44,921 | €12,760 | -€32,161 | -71.6% |
| Trade debts | 44 | €19,658 | €1,107 | -€18,551 | -94.4% |
| Suppliers | 440/4 | €19,658 | €1,107 | -€18,551 | -94.4% |
| Taxes, remuneration and social security | 45 | €25,263 | €5,522 | -€19,741 | -78.1% |
| Taxes | 450/3 | €25,263 | €5,522 | -€19,741 | -78.1% |
| Other amounts payable | 47/48 | €0 | €6,130 | +€6,130 | |
| Accrued charges and deferred income | 492/3 | €0 | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,532 | €30,715 | +€4,183 | +15.8% |
| Other operating charges | 640/8 | €978 | €1,160 | +€182 | +18.6% |
| Gross operating margin | 9900 | €82,828 | -€14,513 | -€97,341 | |
| Operating profit (loss) | 9901 | €55,318 | -€46,388 | -€101,706 | |
| Financial income | 75/76B | €0 | €1,487 | +€1,487 | +14,872,500% |
| Recurring financial income | 75 | €0 | €1,487 | +€1,487 | +14,872,500% |
| Financial charges | 65/66B | €9,756 | €1,018 | -€8,738 | -89.6% |
| Recurring financial charges | 65 | €9,756 | €1,018 | -€8,738 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €45,561 | -€45,919 | -€91,480 | |
| Income taxes | 67/77 | €13,549 | €141 | -€13,408 | -99.0% |
| Profit (loss) for the period | 9904 | €32,012 | -€46,060 | -€78,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,012 | -€46,060 | -€78,072 |
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 13 October 2026 via checked.be.