GERIMMO: 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.
GERIMMO
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+53.5%), from €2.4m to €3.6m
of which Land and buildings: +€1.3m
- Current investments -€675,000
down €675,000 (-49.1%), from €1.4m to €700,000
- Reserves +€520,736
up €520,736 (+31.9%), from €1.6m to €2.2m
of which Tax-exempt reserves: +€520,736
- Provisions +€170,752
up €170,752 (+32.2%), from €530,246 to €700,998
- Profit (loss) carried forward -€96,317
down €96,317 (-82.3%), from -€117,060 to -€213,377
- Gross operating margin +€595,585
up €595,585 (+312.2%), from €190,773 to €786,358
- Depreciation +€73,822
up €73,822 (+110.9%), from €66,571 to €140,394
- Financial income -€36,531
down €36,531 (-55.8%), from €65,477 to €28,946
- Other operating charges -€15,319
down €15,319 (-44.5%), from €34,406 to €19,087
- Taxes -€11,478
down €11,478 (-100.0%), from €11,478 to €0
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 | €3,923,846 | €4,492,943 | +€569,097 | +14.5% |
| Fixed assets | 21/28 | €2,377,345 | €3,648,610 | +€1.3m | +53.5% |
| Tangible fixed assets | 22/27 | €2,377,345 | €3,648,610 | +€1.3m | +53.5% |
| Land and buildings | 22 | €2,336,681 | €3,606,130 | +€1.3m | +54.3% |
| Plant, machinery and equipment | 23 | €40,000 | €42,249 | +€2,249 | +5.6% |
| Furniture and vehicles | 24 | €664 | €231 | -€433 | -65.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,546,501 | €844,333 | -€702,168 | -45.4% |
| Amounts receivable within one year | 40/41 | €23,844 | €12,025 | -€11,819 | -49.6% |
| Trade receivables | 40 | €15,829 | €0 | -€15,829 | -100.0% |
| Other amounts receivable | 41 | €8,015 | €12,025 | +€4,010 | +50.0% |
| Current investments | 50/53 | €1,375,000 | €700,000 | -€675,000 | -49.1% |
| Cash at bank and in hand | 54/58 | €144,470 | €121,572 | -€22,898 | -15.8% |
| Deferred charges and accrued income | 490/1 | €3,187 | €10,736 | +€7,549 | +236.9% |
| Total equity and liabilities | 10/49 | €3,923,846 | €4,492,943 | +€569,097 | +14.5% |
| Equity | 10/15 | €2,541,322 | €2,965,741 | +€424,419 | +16.7% |
| Contributions | 10/11 | €1,025,000 | €1,025,000 | = | 0.0% |
| Reserves | 13 | €1,633,382 | €2,154,118 | +€520,736 | +31.9% |
| Tax-exempt reserves | 132 | €1,468,399 | €1,989,135 | +€520,736 | +35.5% |
| Distributable reserves | 133 | €164,983 | €164,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,060 | -€213,377 | -€96,317 | -82.3% |
| Provisions and deferred taxes | 16 | €530,246 | €700,998 | +€170,752 | +32.2% |
| Deferred taxes | 168 | €530,246 | €700,998 | +€170,752 | +32.2% |
| Amounts payable | 17/49 | €852,278 | €826,204 | -€26,074 | -3.1% |
| Amounts payable within one year | 42/48 | €790,878 | €764,804 | -€26,074 | -3.3% |
| Trade debts | 44 | €22,211 | €8,100 | -€14,111 | -63.5% |
| Suppliers | 440/4 | €22,211 | €8,100 | -€14,111 | -63.5% |
| Taxes, remuneration and social security | 45 | €2,678 | €5,537 | +€2,858 | +106.7% |
| Taxes | 450/3 | €2,678 | €5,537 | +€2,858 | +106.7% |
| Other amounts payable | 47/48 | €765,989 | €751,167 | -€14,821 | -1.9% |
| Accrued charges and deferred income | 492/3 | €61,400 | €61,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,571 | €140,394 | +€73,822 | +110.9% |
| Other operating charges | 640/8 | €34,406 | €19,087 | -€15,319 | -44.5% |
| Gross operating margin | 9900 | €190,773 | €786,358 | +€595,585 | +312.2% |
| Operating profit (loss) | 9901 | €89,796 | €626,878 | +€537,082 | +598.1% |
| Financial income | 75/76B | €65,477 | €28,946 | -€36,531 | -55.8% |
| Recurring financial income | 75 | €65,477 | €28,946 | -€36,531 | -55.8% |
| Financial charges | 65/66B | €60,442 | €60,653 | +€211 | +0.3% |
| Recurring financial charges | 65 | €60,442 | €60,653 | +€211 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €94,831 | €595,171 | +€500,341 | +527.6% |
| Transfer from deferred taxes | 780 | €9,187 | €24,983 | +€15,796 | +171.9% |
| Transfer to deferred taxes | 680 | - | €195,736 | +€195,736 | |
| Income taxes | 67/77 | €11,478 | €0 | -€11,478 | -100.0% |
| Profit (loss) for the period | 9904 | €92,539 | €424,419 | +€331,879 | +358.6% |
| Transfer from tax-exempt reserves | 789 | €22,245 | €66,472 | +€44,227 | +198.8% |
| Transfer to tax-exempt reserves | 689 | - | €587,208 | +€587,208 | |
| Profit (loss) for the period to be appropriated | 9905 | €114,785 | -€96,317 | -€211,101 |
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 9 October 2026 via checked.be.