GERICO INDUSTRY: 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.
GERICO INDUSTRY
Largest movements
- Receivables within one year +€167,521
up €167,521 (+26.9%), from €623,683 to €791,204
of which Trade receivables: +€165,556
- Tangible fixed assets -€96,658
down €96,658 (-19.5%), from €495,676 to €399,018
of which Plant, machinery and equipment: -€64,200
- Cash +€34,244
up €34,244 (+129%), from €26,502 to €60,747
mainly Net result for the year (+€146,111) and Depreciation (+€122,324)
- Stocks and contracts +€29,996
up €29,996 (+8.0%), from €375,254 to €405,250
- Reserves +€146,111
up €146,111 (+300%), from €48,744 to €194,855
of which Distributable reserves: +€138,556
- Trade debts +€56,263
up €56,263 (+26.9%), from €209,365 to €265,628
- Debts after one year -€54,269
down €54,269 (-17.7%), from €306,840 to €252,572
- Gross operating margin +€212,232
up €212,232 (+26.7%), from €795,241 to €1.0m
- Staff costs +€112,450
up €112,450 (+20.4%), from €550,588 to €663,038
- Depreciation +€30,071
up €30,071 (+32.6%), from €92,254 to €122,324
- Taxes +€23,717
up €23,717 (+4,203%), from €564 to €24,281
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 | €1,547,727 | €1,689,066 | +€141,338 | +9.1% |
| Fixed assets | 21/28 | €503,168 | €405,111 | -€98,058 | -19.5% |
| Intangible fixed assets | 21 | €6,302 | €4,902 | -€1,400 | -22.2% |
| Tangible fixed assets | 22/27 | €495,676 | €399,018 | -€96,658 | -19.5% |
| Plant, machinery and equipment | 23 | €275,917 | €211,717 | -€64,200 | -23.3% |
| Furniture and vehicles | 24 | €36,022 | €17,836 | -€18,186 | -50.5% |
| Other tangible fixed assets | 26 | €183,737 | €169,465 | -€14,271 | -7.8% |
| Financial fixed assets | 28 | €1,191 | €1,191 | = | 0.0% |
| Current assets | 29/58 | €1,044,559 | €1,283,955 | +€239,396 | +22.9% |
| Stocks and contracts in progress | 3 | €375,254 | €405,250 | +€29,996 | +8.0% |
| Stocks | 30/36 | €375,254 | €405,250 | +€29,996 | +8.0% |
| Amounts receivable within one year | 40/41 | €623,683 | €791,204 | +€167,521 | +26.9% |
| Trade receivables | 40 | €512,971 | €678,527 | +€165,556 | +32.3% |
| Other amounts receivable | 41 | €110,713 | €112,677 | +€1,965 | +1.8% |
| Cash at bank and in hand | 54/58 | €26,502 | €60,747 | +€34,244 | +129% |
| Deferred charges and accrued income | 490/1 | €19,120 | €26,754 | +€7,634 | +39.9% |
| Total equity and liabilities | 10/49 | €1,547,727 | €1,689,066 | +€141,338 | +9.1% |
| Equity | 10/15 | €535,871 | €677,940 | +€142,069 | +26.5% |
| Contributions | 10/11 | €475,000 | €475,000 | = | 0.0% |
| Capital | 10 | €475,000 | €475,000 | = | 0.0% |
| Issued capital | 100 | €475,000 | €475,000 | = | 0.0% |
| Reserves | 13 | €48,744 | €194,855 | +€146,111 | +300% |
| Non-distributable reserves | 130/1 | €2,437 | €9,993 | +€7,556 | +310% |
| Legal reserve | 130 | €2,437 | €9,993 | +€7,556 | +310% |
| Distributable reserves | 133 | €46,306 | €184,862 | +€138,556 | +299% |
| Investment grants | 15 | €12,128 | €8,085 | -€4,043 | -33.3% |
| Amounts payable | 17/49 | €1,011,856 | €1,011,126 | -€731 | -0.1% |
| Amounts payable after more than one year | 17 | €306,840 | €252,572 | -€54,269 | -17.7% |
| Financial debts | 170/4 | €306,840 | €252,572 | -€54,269 | -17.7% |
| Amounts payable within one year | 42/48 | €688,016 | €733,486 | +€45,470 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €62,841 | €57,836 | -€5,005 | -8.0% |
| Financial debts | 43 | €275,000 | €275,000 | = | 0.0% |
| Credit institutions | 430/8 | €275,000 | €275,000 | = | 0.0% |
| Trade debts | 44 | €209,365 | €265,628 | +€56,263 | +26.9% |
| Suppliers | 440/4 | €209,365 | €265,628 | +€56,263 | +26.9% |
| Taxes, remuneration and social security | 45 | €99,310 | €93,522 | -€5,787 | -5.8% |
| Taxes | 450/3 | €79,745 | €61,623 | -€18,122 | -22.7% |
| Remuneration and social security | 454/9 | €19,565 | €31,899 | +€12,334 | +63.0% |
| Other amounts payable | 47/48 | €41,500 | €41,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €17,000 | €25,068 | +€8,068 | +47.5% |
| Non-recurring operating income | 76A | €1,600 | - | -€1,600 | |
| Remuneration, social security and pensions | 62 | €550,588 | €663,038 | +€112,450 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,254 | €122,324 | +€30,071 | +32.6% |
| Other operating charges | 640/8 | €13,515 | €21,390 | +€7,875 | +58.3% |
| Non-recurring operating charges | 66A | €20,332 | - | -€20,332 | |
| Gross operating margin | 9900 | €795,241 | €1,007,473 | +€212,232 | +26.7% |
| Operating profit (loss) | 9901 | €118,552 | €200,721 | +€82,169 | +69.3% |
| Financial income | 75/76B | €5,060 | €4,458 | -€602 | -11.9% |
| Recurring financial income | 75 | €5,060 | €4,458 | -€602 | -11.9% |
| Financial charges | 65/66B | €33,335 | €34,786 | +€1,451 | +4.4% |
| Recurring financial charges | 65 | €32,623 | €34,093 | +€1,470 | +4.5% |
| Non-recurring financial charges | 66B | €712 | €693 | -€19 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €90,277 | €170,393 | +€80,116 | +88.7% |
| Income taxes | 67/77 | €564 | €24,281 | +€23,717 | +4,203% |
| Profit (loss) for the period | 9904 | €89,713 | €146,111 | +€56,399 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,713 | €146,111 | +€56,399 | +62.9% |
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 22 October 2026 via checked.be.