GERIMBEL: 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.
GERIMBEL
Largest movements
- Current investments +€700,000
new in 2025: €700,000
- Tangible fixed assets -€664,133
down €664,133 (-100.0%), from €664,191 to €58
of which Land and buildings: -€663,658
- Reserves +€419,992
up €419,992 (+1575.0%), from €26,665 to €446,657
of which Tax-exempt reserves: +€419,992
- Revaluation surpluses -€379,027
no longer reported in 2025 (was €379,027)
- Provisions +€139,997
new in 2025: €139,997
- Debts after one year -€110,712
no longer reported in 2025 (was €110,712)
- Other debts -€31,330
down €31,330 (-27.5%), from €113,890 to €82,560
- Gross operating margin +€556,281
up €556,281 (+4572.1%), from €12,167 to €568,448
- Depreciation -€24,308
down €24,308 (-99.6%), from €24,402 to €95
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 | €665,757 | €700,955 | +€35,198 | +5.3% |
| Fixed assets | 21/28 | €664,281 | €148 | -€664,133 | -100.0% |
| Tangible fixed assets | 22/27 | €664,191 | €58 | -€664,133 | -100.0% |
| Land and buildings | 22 | €663,658 | - | -€663,658 | |
| Plant, machinery and equipment | 23 | €533 | €58 | -€474 | -89.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €1,476 | €700,807 | +€699,331 | +47384.0% |
| Current investments | 50/53 | - | €700,000 | +€700,000 | |
| Cash at bank and in hand | 54/58 | €1,476 | €807 | -€669 | -45.3% |
| Total equity and liabilities | 10/49 | €665,757 | €700,955 | +€35,198 | +5.3% |
| Equity | 10/15 | €431,217 | €477,871 | +€46,654 | +10.8% |
| 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% |
| Revaluation surpluses | 12 | €379,027 | - | -€379,027 | |
| Reserves | 13 | €26,665 | €446,657 | +€419,992 | +1575.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,465 | €440,457 | +€419,992 | +2052.2% |
| Profit (loss) carried forward | 14 | -€36,475 | -€30,786 | +€5,689 | +15.6% |
| Provisions and deferred taxes | 16 | - | €139,997 | +€139,997 | |
| Deferred taxes | 168 | - | €139,997 | +€139,997 | |
| Amounts payable | 17/49 | €234,540 | €83,087 | -€151,453 | -64.6% |
| Amounts payable after more than one year | 17 | €110,712 | - | -€110,712 | |
| Financial debts | 170/4 | €110,712 | - | -€110,712 | |
| Amounts payable within one year | 42/48 | €123,828 | €83,087 | -€40,741 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €9,938 | - | -€9,938 | |
| Trade debts | 44 | - | €527 | +€527 | |
| Suppliers | 440/4 | - | €527 | +€527 | |
| Other amounts payable | 47/48 | €113,890 | €82,560 | -€31,330 | -27.5% |
| Non-recurring operating income | 76A | - | €559,989 | +€559,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,402 | €95 | -€24,308 | -99.6% |
| Other operating charges | 640/8 | €115 | €4,094 | +€3,978 | +3456.5% |
| Gross operating margin | 9900 | €12,167 | €568,448 | +€556,281 | +4572.1% |
| Operating profit (loss) | 9901 | -€12,351 | €564,259 | +€576,610 | |
| Financial income | 75/76B | - | €3,243 | +€3,243 | |
| Recurring financial income | 75 | - | €3,243 | +€3,243 | |
| Financial charges | 65/66B | €2,138 | €1,824 | -€313 | -14.6% |
| Recurring financial charges | 65 | €2,138 | €1,824 | -€313 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,488 | €565,678 | +€580,166 | |
| Transfer to deferred taxes | 680 | - | €139,997 | +€139,997 | |
| Profit (loss) for the period | 9904 | -€14,488 | €425,680 | +€440,168 | |
| Transfer to tax-exempt reserves | 689 | - | €419,992 | +€419,992 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,488 | €5,689 | +€20,177 |
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.