GERICMA: 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.
GERICMA
Largest movements
- Receivables within one year +€30,657
up €30,657 (+22.8%), from €134,500 to €165,158
of which Trade receivables: +€63,688
- Cash -€23,142
down €23,142 (-98.6%), from €23,478 to €336
mainly Other debts (-€98,198) and Receivables within one year (-€30,657)
- Other debts -€98,198
no longer reported in 2025 (was €98,198)
- Profit (loss) carried forward +€69,911
new in 2025: €69,911
- Tax, wage and social debts +€35,819
up €35,819 (+101.3%), from €35,366 to €71,185
- Gross operating margin -€4,885
down €4,885 (-4.7%), from €103,490 to €98,605
- Taxes -€2,795
down €2,795 (-9.5%), from €29,496 to €26,701
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 | €158,517 | €166,452 | +€7,935 | +5.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €25 | €25 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €158,492 | €166,427 | +€7,935 | +5.0% |
| Amounts receivable within one year | 40/41 | €134,500 | €165,158 | +€30,657 | +22.8% |
| Trade receivables | 40 | €48,112 | €111,800 | +€63,688 | +132.4% |
| Other amounts receivable | 41 | €86,388 | €53,357 | -€33,031 | -38.2% |
| Cash at bank and in hand | 54/58 | €23,478 | €336 | -€23,142 | -98.6% |
| Deferred charges and accrued income | 490/1 | €514 | €933 | +€419 | +81.6% |
| Total equity and liabilities | 10/49 | €158,517 | €166,452 | +€7,935 | +5.0% |
| Equity | 10/15 | €20,460 | €90,371 | +€69,911 | +341.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €69,911 | +€69,911 | |
| Amounts payable | 17/49 | €138,057 | €76,081 | -€61,977 | -44.9% |
| Amounts payable within one year | 42/48 | €138,057 | €75,614 | -€62,443 | -45.2% |
| Trade debts | 44 | €4,493 | €4,429 | -€64 | -1.4% |
| Suppliers | 440/4 | €4,493 | €4,429 | -€64 | -1.4% |
| Taxes, remuneration and social security | 45 | €35,366 | €71,185 | +€35,819 | +101.3% |
| Taxes | 450/3 | €35,366 | €71,185 | +€35,819 | +101.3% |
| Other amounts payable | 47/48 | €98,198 | - | -€98,198 | |
| Accrued charges and deferred income | 492/3 | - | €467 | +€467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79 | - | -€79 | |
| Other operating charges | 640/8 | €1,161 | €1,381 | +€220 | +18.9% |
| Gross operating margin | 9900 | €103,490 | €98,605 | -€4,885 | -4.7% |
| Operating profit (loss) | 9901 | €102,249 | €97,224 | -€5,025 | -4.9% |
| Financial income | 75/76B | €43 | €119 | +€76 | +179.5% |
| Recurring financial income | 75 | €43 | €119 | +€76 | +179.5% |
| Financial charges | 65/66B | €1,524 | €731 | -€794 | -52.1% |
| Recurring financial charges | 65 | €1,524 | €731 | -€794 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €100,767 | €96,612 | -€4,155 | -4.1% |
| Income taxes | 67/77 | €29,496 | €26,701 | -€2,795 | -9.5% |
| Profit (loss) for the period | 9904 | €71,272 | €69,911 | -€1,360 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,272 | €69,911 | -€1,360 | -1.9% |
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 4 October 2026 via checked.be.