GERIGRAND: 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.
GERIGRAND
Largest movements
- Tangible fixed assets -€113,055
down €113,055 (-4.3%), from €2.6m to €2.5m
- Receivables within one year -€76,200
no longer reported in 2025 (was €76,200)
of which Other amounts receivable: -€60,000
- Cash -€27,615
down €27,615 (-68.6%), from €40,243 to €12,628
mainly Debts after one year (-€230,000) and Contributions, distributions and other (-€200,000)
- Debts after one year -€230,000
down €230,000 (-25.0%), from €920,000 to €690,000
- Reserves +€93,108
up €93,108 (+7.3%), from €1.3m to €1.4m
- Short-term financial debts -€40,382
down €40,382 (-24.3%), from €166,296 to €125,915
- Other debts -€30,000
down €30,000 (-49.2%), from €61,000 to €31,000
- Financial charges -€28,454
down €28,454 (-39.8%), from €71,497 to €43,043
- Taxes +€11,641
up €11,641 (+13.0%), from €89,577 to €101,219
- Gross operating margin +€6,846
up €6,846 (+1.2%), from €552,784 to €559,630
- Other operating charges -€6,512
down €6,512 (-41.4%), from €15,718 to €9,207
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 | €2,752,346 | €2,546,364 | -€205,982 | -7.5% |
| Fixed assets | 21/28 | €2,634,480 | €2,521,425 | -€113,055 | -4.3% |
| Tangible fixed assets | 22/27 | €2,634,480 | €2,521,425 | -€113,055 | -4.3% |
| Land and buildings | 22 | €2,634,480 | €2,521,425 | -€113,055 | -4.3% |
| Current assets | 29/58 | €117,866 | €24,939 | -€92,927 | -78.8% |
| Amounts receivable within one year | 40/41 | €76,200 | - | -€76,200 | |
| Trade receivables | 40 | €16,200 | - | -€16,200 | |
| Other amounts receivable | 41 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €40,243 | €12,628 | -€27,615 | -68.6% |
| Deferred charges and accrued income | 490/1 | €1,424 | €12,311 | +€10,887 | +764.8% |
| Total equity and liabilities | 10/49 | €2,752,346 | €2,546,364 | -€205,982 | -7.5% |
| Equity | 10/15 | €1,295,719 | €1,388,826 | +€93,108 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,277,119 | €1,370,226 | +€93,108 | +7.3% |
| Distributable reserves | 133 | €1,277,119 | €1,370,226 | +€93,108 | +7.3% |
| Amounts payable | 17/49 | €1,456,627 | €1,157,538 | -€299,089 | -20.5% |
| Amounts payable after more than one year | 17 | €920,000 | €690,000 | -€230,000 | -25.0% |
| Financial debts | 170/4 | €920,000 | €690,000 | -€230,000 | -25.0% |
| Amounts payable within one year | 42/48 | €536,627 | €462,979 | -€73,649 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €265,305 | €265,215 | -€91 | 0.0% |
| Financial debts | 43 | €166,296 | €125,915 | -€40,382 | -24.3% |
| Credit institutions | 430/8 | €166,296 | €125,915 | -€40,382 | -24.3% |
| Trade debts | 44 | €14,448 | €114 | -€14,335 | -99.2% |
| Suppliers | 440/4 | €14,448 | €114 | -€14,335 | -99.2% |
| Taxes, remuneration and social security | 45 | €29,577 | €40,736 | +€11,158 | +37.7% |
| Taxes | 450/3 | €29,577 | €40,736 | +€11,158 | +37.7% |
| Other amounts payable | 47/48 | €61,000 | €31,000 | -€30,000 | -49.2% |
| Accrued charges and deferred income | 492/3 | - | €4,559 | +€4,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,055 | €113,055 | = | 0.0% |
| Other operating charges | 640/8 | €15,718 | €9,207 | -€6,512 | -41.4% |
| Gross operating margin | 9900 | €552,784 | €559,630 | +€6,846 | +1.2% |
| Operating profit (loss) | 9901 | €424,012 | €437,369 | +€13,358 | +3.2% |
| Financial charges | 65/66B | €71,497 | €43,043 | -€28,454 | -39.8% |
| Recurring financial charges | 65 | €71,497 | €43,043 | -€28,454 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €352,515 | €394,326 | +€41,812 | +11.9% |
| Income taxes | 67/77 | €89,577 | €101,219 | +€11,641 | +13.0% |
| Profit (loss) for the period | 9904 | €262,937 | €293,108 | +€30,170 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €262,937 | €293,108 | +€30,170 | +11.5% |
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 2 October 2026 via checked.be.