GERIMONS: 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.
GERIMONS
Largest movements
- Tangible fixed assets +€921,100
up €921,100 (+93.5%), from €984,914 to €1.9m
of which Assets under construction and advance payments: +€863,037
- Cash -€173,308
down €173,308 (-69.5%), from €249,334 to €76,026
mainly Investment in fixed assets (net) (-€1.0m) and Receivables within one year (-€118,476)
- Receivables within one year +€118,476
new in 2025: €118,476
- Reserves +€976,083
up €976,083 (+191.4%), from €509,938 to €1.5m
of which Distributable reserves: +€976,083
- Other debts -€100,000
down €100,000 (-18.2%), from €550,000 to €450,000
- Debts after one year -€26,667
down €26,667 (-35.3%), from €75,556 to €48,889
- Depreciation +€20,626
up €20,626 (+33.9%), from €60,855 to €81,481
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 | €1,236,258 | €2,103,731 | +€867,473 | +70.2% |
| Fixed assets | 21/28 | €984,914 | €1,906,013 | +€921,100 | +93.5% |
| Tangible fixed assets | 22/27 | €984,914 | €1,906,013 | +€921,100 | +93.5% |
| Land and buildings | 22 | €591,408 | €545,726 | -€45,682 | -7.7% |
| Other tangible fixed assets | 26 | €296,371 | €400,116 | +€103,744 | +35.0% |
| Assets under construction and advance payments | 27 | €97,134 | €960,172 | +€863,037 | +888.5% |
| Current assets | 29/58 | €251,344 | €197,718 | -€53,627 | -21.3% |
| Amounts receivable within one year | 40/41 | - | €118,476 | +€118,476 | |
| Other amounts receivable | 41 | - | €118,476 | +€118,476 | |
| Cash at bank and in hand | 54/58 | €249,334 | €76,026 | -€173,308 | -69.5% |
| Deferred charges and accrued income | 490/1 | €2,010 | €3,215 | +€1,205 | +60.0% |
| Total equity and liabilities | 10/49 | €1,236,258 | €2,103,731 | +€867,473 | +70.2% |
| Equity | 10/15 | €571,938 | €1,548,021 | +€976,083 | +170.7% |
| 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% |
| Reserves | 13 | €509,938 | €1,486,021 | +€976,083 | +191.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €503,738 | €1,479,821 | +€976,083 | +193.8% |
| Amounts payable | 17/49 | €664,320 | €555,710 | -€108,610 | -16.3% |
| Amounts payable after more than one year | 17 | €75,556 | €48,889 | -€26,667 | -35.3% |
| Financial debts | 170/4 | €75,556 | €48,889 | -€26,667 | -35.3% |
| Amounts payable within one year | 42/48 | €588,633 | €506,678 | -€81,955 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Trade debts | 44 | €1,205 | €2,450 | +€1,245 | +103.4% |
| Suppliers | 440/4 | €1,205 | €2,450 | +€1,245 | +103.4% |
| Taxes, remuneration and social security | 45 | €10,762 | €27,562 | +€16,800 | +156.1% |
| Taxes | 450/3 | €10,762 | €27,562 | +€16,800 | +156.1% |
| Other amounts payable | 47/48 | €550,000 | €450,000 | -€100,000 | -18.2% |
| Accrued charges and deferred income | 492/3 | €131 | €143 | +€11 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,855 | €81,481 | +€20,626 | +33.9% |
| Other operating charges | 640/8 | €28,516 | €29,486 | +€971 | +3.4% |
| Gross operating margin | 9900 | €1,423,253 | €1,415,561 | -€7,692 | -0.5% |
| Operating profit (loss) | 9901 | €1,333,882 | €1,304,593 | -€29,289 | -2.2% |
| Financial income | 75/76B | €675 | €419 | -€256 | -37.9% |
| Recurring financial income | 75 | €675 | €419 | -€256 | -37.9% |
| Financial charges | 65/66B | €4,441 | €3,569 | -€872 | -19.6% |
| Recurring financial charges | 65 | €4,441 | €3,569 | -€872 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €1,330,116 | €1,301,444 | -€28,672 | -2.2% |
| Income taxes | 67/77 | €332,529 | €325,361 | -€7,168 | -2.2% |
| Profit (loss) for the period | 9904 | €997,587 | €976,083 | -€21,504 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €997,587 | €976,083 | -€21,504 | -2.2% |
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 29 September 2026 via checked.be.