GERIMAR: 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.
GERIMAR
Largest movements
- Tangible fixed assets -€2.4m
no longer reported in 2025 (was €2.4m)
- Stocks and contracts +€909,072
new in 2025: €909,072
- Revaluation surpluses -€2.1m
no longer reported in 2025 (was €2.1m)
- Other debts +€662,402
up €662,402 (+428.6%), from €154,554 to €816,956
- Profit (loss) carried forward -€384,673
down €384,673 (-108.9%), from -€353,207 to -€737,880
- Debts after one year +€381,454
up €381,454 (+173.2%), from €220,226 to €601,680
- Trade debts -€52,250
down €52,250 (-98.7%), from €52,962 to €712
- Financial charges +€298,645
up €298,645 (+2987.0%), from €9,998 to €308,643
of which Non-recurring financial charges: +€285,681
- Other operating charges +€112,854
up €112,854 (+955.8%), from €11,808 to €124,662
- Gross operating margin +€22,084
up €22,084 (+235.1%), from €9,393 to €31,477
- Depreciation -€19,953
no longer reported in 2025 (was €19,953)
- Financial income +€17,156
new in 2025: €17,156
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 | €2,422,736 | €922,476 | -€1.5m | -61.9% |
| Fixed assets | 21/28 | €2,416,261 | - | -€2.4m | |
| Tangible fixed assets | 22/27 | €2,416,261 | - | -€2.4m | |
| Land and buildings | 22 | €2,416,261 | - | -€2.4m | |
| Current assets | 29/58 | €6,475 | €922,476 | +€916,000 | +14146.2% |
| Stocks and contracts in progress | 3 | - | €909,072 | +€909,072 | |
| Stocks | 30/36 | - | €909,072 | +€909,072 | |
| Amounts receivable within one year | 40/41 | €6,475 | €1,416 | -€5,060 | -78.1% |
| Other amounts receivable | 41 | €6,475 | €1,416 | -€5,060 | -78.1% |
| Cash at bank and in hand | 54/58 | - | €11,983 | +€11,983 | |
| Deferred charges and accrued income | 490/1 | - | €5 | +€5 | |
| Total equity and liabilities | 10/49 | €2,422,736 | €922,476 | -€1.5m | -61.9% |
| Equity | 10/15 | €1,980,161 | -€497,173 | -€2.5m | |
| Contributions | 10/11 | €228,470 | €228,470 | = | 0.0% |
| Capital | 10 | €228,470 | €228,470 | = | 0.0% |
| Issued capital | 100 | €228,470 | €228,470 | = | 0.0% |
| Revaluation surpluses | 12 | €2,092,661 | - | -€2.1m | |
| Reserves | 13 | €12,238 | €12,238 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,601 | €1,601 | = | 0.0% |
| Legal reserve | 130 | €1,601 | €1,601 | = | 0.0% |
| Distributable reserves | 133 | €10,637 | €10,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€353,207 | -€737,880 | -€384,673 | -108.9% |
| Amounts payable | 17/49 | €442,575 | €1,419,648 | +€977,073 | +220.8% |
| Amounts payable after more than one year | 17 | €220,226 | €601,680 | +€381,454 | +173.2% |
| Financial debts | 170/4 | €220,226 | €601,680 | +€381,454 | +173.2% |
| Amounts payable within one year | 42/48 | €218,280 | €817,968 | +€599,688 | +274.7% |
| Current portion of amounts payable after more than one year | 42 | €9,117 | - | -€9,117 | |
| Financial debts | 43 | €1,302 | - | -€1,302 | |
| Credit institutions | 430/8 | €1,302 | - | -€1,302 | |
| Trade debts | 44 | €52,962 | €712 | -€52,250 | -98.7% |
| Suppliers | 440/4 | €52,962 | €712 | -€52,250 | -98.7% |
| Taxes, remuneration and social security | 45 | €345 | €300 | -€45 | -13.0% |
| Taxes | 450/3 | €345 | €300 | -€45 | -13.0% |
| Other amounts payable | 47/48 | €154,554 | €816,956 | +€662,402 | +428.6% |
| Accrued charges and deferred income | 492/3 | €4,070 | - | -€4,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,953 | - | -€19,953 | |
| Other operating charges | 640/8 | €11,808 | €124,662 | +€112,854 | +955.8% |
| Gross operating margin | 9900 | €9,393 | €31,477 | +€22,084 | +235.1% |
| Operating profit (loss) | 9901 | -€22,368 | -€93,185 | -€70,817 | -316.6% |
| Financial income | 75/76B | - | €17,156 | +€17,156 | |
| Recurring financial income | 75 | - | €17,156 | +€17,156 | |
| Financial charges | 65/66B | €9,998 | €308,643 | +€298,645 | +2987.0% |
| Recurring financial charges | 65 | €9,998 | €22,962 | +€12,964 | +129.7% |
| Non-recurring financial charges | 66B | - | €285,681 | +€285,681 | |
| Profit (loss) for the period before taxes | 9903 | -€32,366 | -€384,673 | -€352,307 | -1088.5% |
| Profit (loss) for the period | 9904 | -€32,366 | -€384,673 | -€352,307 | -1088.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,366 | -€384,673 | -€352,307 | -1088.5% |
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 30 September 2026 via checked.be.