GERIA: 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.
GERIA
Largest movements
- Tangible fixed assets -€26,485
down €26,485 (-7.8%), from €338,873 to €312,388
of which Furniture and vehicles: -€24,039
- Current investments +€24,526
up €24,526 (+4549.5%), from €539 to €25,065
- Receivables within one year +€16,006
up €16,006 (+111.4%), from €14,369 to €30,375
of which Other amounts receivable: +€17,821
- Cash -€11,492
down €11,492 (-41.2%), from €27,866 to €16,374
mainly Investment in fixed assets (net) (-€26,009) and Current investments (-€24,526)
- Reserves +€14,856
up €14,856 (+4.9%), from €301,015 to €315,871
of which Distributable reserves: +€14,856
- Other debts -€9,948
down €9,948 (-100.0%), from €9,948 to €0
- Gross operating margin -€8,632
down €8,632 (-9.0%), from €95,457 to €86,825
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 | €381,647 | €385,196 | +€3,549 | +0.9% |
| Fixed assets | 21/28 | €338,873 | €312,388 | -€26,485 | -7.8% |
| Tangible fixed assets | 22/27 | €338,873 | €312,388 | -€26,485 | -7.8% |
| Land and buildings | 22 | €203,409 | €200,509 | -€2,900 | -1.4% |
| Plant, machinery and equipment | 23 | - | €454 | +€454 | |
| Furniture and vehicles | 24 | €135,463 | €111,425 | -€24,039 | -17.7% |
| Current assets | 29/58 | €42,774 | €72,808 | +€30,034 | +70.2% |
| Amounts receivable within one year | 40/41 | €14,369 | €30,375 | +€16,006 | +111.4% |
| Trade receivables | 40 | €12,100 | €10,285 | -€1,815 | -15.0% |
| Other amounts receivable | 41 | €2,269 | €20,090 | +€17,821 | +785.3% |
| Current investments | 50/53 | €539 | €25,065 | +€24,526 | +4549.5% |
| Cash at bank and in hand | 54/58 | €27,866 | €16,374 | -€11,492 | -41.2% |
| Deferred charges and accrued income | 490/1 | €0 | €994 | +€994 | |
| Total equity and liabilities | 10/49 | €381,647 | €385,196 | +€3,549 | +0.9% |
| Equity | 10/15 | €363,015 | €377,871 | +€14,856 | +4.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €301,015 | €315,871 | +€14,856 | +4.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €294,815 | €309,671 | +€14,856 | +5.0% |
| Amounts payable | 17/49 | €18,632 | €7,326 | -€11,306 | -60.7% |
| Amounts payable within one year | 42/48 | €18,632 | €7,170 | -€11,461 | -61.5% |
| Trade debts | 44 | €625 | €1,921 | +€1,296 | +207.2% |
| Suppliers | 440/4 | €625 | €1,921 | +€1,296 | +207.2% |
| Taxes, remuneration and social security | 45 | €8,058 | €5,249 | -€2,809 | -34.9% |
| Taxes | 450/3 | €8,058 | €5,249 | -€2,809 | -34.9% |
| Other amounts payable | 47/48 | €9,948 | €0 | -€9,948 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €155 | +€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,010 | €52,494 | -€516 | -1.0% |
| Other operating charges | 640/8 | €4,854 | €4,558 | -€297 | -6.1% |
| Gross operating margin | 9900 | €95,457 | €86,825 | -€8,632 | -9.0% |
| Operating profit (loss) | 9901 | €37,592 | €29,774 | -€7,819 | -20.8% |
| Financial income | 75/76B | €216 | €476 | +€261 | +121.1% |
| Recurring financial income | 75 | €216 | €476 | +€261 | +121.1% |
| Financial charges | 65/66B | €113 | €213 | +€100 | +89.1% |
| Recurring financial charges | 65 | €113 | €213 | +€100 | +89.1% |
| Profit (loss) for the period before taxes | 9903 | €37,695 | €30,037 | -€7,658 | -20.3% |
| Income taxes | 67/77 | €15,004 | €15,181 | +€177 | +1.2% |
| Profit (loss) for the period | 9904 | €22,691 | €14,856 | -€7,835 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,691 | €14,856 | -€7,835 | -34.5% |
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 5 October 2026 via checked.be.