GERINVEST: what changed
Two financial 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.
GERINVEST
Largest movements
- Receivables within one year -€709,684
down €709,684 (-72.3%), from €981,381 to €271,697
of which Trade receivables: -€684,831
- Stocks and contracts +€82,498
up €82,498 (+7.1%), from €1.2m to €1.3m
- Other debts -€346,200
down €346,200 (-79.7%), from €434,543 to €88,343
- Trade debts -€273,910
down €273,910 (-43.3%), from €632,102 to €358,191
- Other operating charges -€65,541
down €65,541 (-72.5%), from €90,340 to €24,800
- Gross operating margin -€60,654
down €60,654 (-42.5%), from €142,865 to €82,210
- Taxes -€17,069
down €17,069 (-90.1%), from €18,942 to €1,874
- Financial charges +€3,223
up €3,223 (+6.6%), from €49,046 to €52,269
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.
Derived cash bridge
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 | €2,511,872 | €1,892,956 | -€618,917 | -24.6% |
| Fixed assets | 21/28 | €359,231 | €359,231 | = | 0.0% |
| Financial fixed assets | 28 | €359,231 | €359,231 | = | 0.0% |
| Current assets | 29/58 | €2,152,641 | €1,533,725 | -€618,917 | -28.8% |
| Stocks and contracts in progress | 3 | €1,169,527 | €1,252,025 | +€82,498 | +7.1% |
| Stocks | 30/36 | €1,169,527 | €1,252,025 | +€82,498 | +7.1% |
| Amounts receivable within one year | 40/41 | €981,381 | €271,697 | -€709,684 | -72.3% |
| Trade receivables | 40 | €692,955 | €8,124 | -€684,831 | -98.8% |
| Other amounts receivable | 41 | €288,426 | €263,573 | -€24,853 | -8.6% |
| Cash at bank and in hand | 54/58 | €1,733 | €10,002 | +€8,270 | +477% |
| Total equity and liabilities | 10/49 | €2,511,872 | €1,892,956 | -€618,917 | -24.6% |
| Equity | 10/15 | €210,136 | €213,403 | +€3,268 | +1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €188,136 | €191,403 | +€3,268 | +1.7% |
| Amounts payable | 17/49 | €2,301,737 | €1,679,552 | -€622,185 | -27.0% |
| Amounts payable after more than one year | 17 | €1,230,000 | €1,230,000 | = | 0.0% |
| Financial debts | 170/4 | €1,230,000 | €1,230,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,071,737 | €449,552 | -€622,185 | -58.1% |
| Trade debts | 44 | €632,102 | €358,191 | -€273,910 | -43.3% |
| Suppliers | 440/4 | €632,102 | €358,191 | -€273,910 | -43.3% |
| Taxes, remuneration and social security | 45 | €5,092 | €3,018 | -€2,074 | -40.7% |
| Taxes | 450/3 | €5,092 | €3,018 | -€2,074 | -40.7% |
| Other amounts payable | 47/48 | €434,543 | €88,343 | -€346,200 | -79.7% |
| Other operating charges | 640/8 | €90,340 | €24,800 | -€65,541 | -72.5% |
| Gross operating margin | 9900 | €142,865 | €82,210 | -€60,654 | -42.5% |
| Operating profit (loss) | 9901 | €52,524 | €57,411 | +€4,886 | +9.3% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €49,046 | €52,269 | +€3,223 | +6.6% |
| Recurring financial charges | 65 | €49,046 | €52,269 | +€3,223 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €3,503 | €5,141 | +€1,639 | +46.8% |
| Income taxes | 67/77 | €18,942 | €1,874 | -€17,069 | -90.1% |
| Profit (loss) for the period | 9904 | -€15,440 | €3,268 | +€18,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,440 | €3,268 | +€18,707 |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.