GERISA: 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.
GERISA
Largest movements
- Receivables within one year +€156,123
up €156,123 (+1489.5%), from €10,482 to €166,605
of which Trade receivables: +€118,722
- Cash -€120,696
down €120,696 (-81.6%), from €147,826 to €27,130
mainly Receivables within one year (-€156,123) and Net result for the year (-€66,027)
- Deferred charges and accrued income +€41,579
up €41,579 (+8611.1%), from €483 to €42,062
- Tangible fixed assets -€6,217
down €6,217 (-7.6%), from €81,615 to €75,397
of which Land and buildings: -€7,042
- Trade debts +€111,261
up €111,261 (+469.2%), from €23,713 to €134,974
- Reserves -€66,027
down €66,027 (-46.2%), from €143,050 to €77,022
of which Distributable reserves: -€66,027
- Tax, wage and social debts +€34,873
up €34,873 (+254.4%), from €13,710 to €48,583
of which Remuneration and social security: +€27,168
- Other debts -€27,787
down €27,787 (-89.7%), from €30,980 to €3,192
- Debts after one year +€10,441
up €10,441 (+63.3%), from €16,491 to €26,932
- Turnover -€648,738
no longer reported in 2025 (was €648,738)
- Purchases and services -€550,699
no longer reported in 2025 (was €550,699)
- Gross operating margin -€201,373
down €201,373 (-77.7%), from €259,107 to €57,733
- Taxes -€33,786
no longer reported in 2025 (was €33,786)
- Staff costs +€8,836
up €8,836 (+9.1%), from €96,753 to €105,590
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 | €243,705 | €314,494 | +€70,788 | +29.0% |
| Fixed assets | 21/28 | €81,615 | €75,397 | -€6,217 | -7.6% |
| Tangible fixed assets | 22/27 | €81,615 | €75,397 | -€6,217 | -7.6% |
| Land and buildings | 22 | €76,581 | €69,539 | -€7,042 | -9.2% |
| Plant, machinery and equipment | 23 | €914 | €1,466 | +€552 | +60.3% |
| Furniture and vehicles | 24 | €1,611 | €2,369 | +€758 | +47.1% |
| Other tangible fixed assets | 26 | €2,508 | €2,023 | -€485 | -19.4% |
| Current assets | 29/58 | €162,091 | €239,096 | +€77,006 | +47.5% |
| Stocks and contracts in progress | 3 | €3,300 | €3,300 | = | 0.0% |
| Stocks | 30/36 | €3,300 | €3,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,482 | €166,605 | +€156,123 | +1489.5% |
| Trade receivables | 40 | €7,085 | €125,807 | +€118,722 | +1675.7% |
| Other amounts receivable | 41 | €3,397 | €40,798 | +€37,401 | +1101.1% |
| Cash at bank and in hand | 54/58 | €147,826 | €27,130 | -€120,696 | -81.6% |
| Deferred charges and accrued income | 490/1 | €483 | €42,062 | +€41,579 | +8611.1% |
| Total equity and liabilities | 10/49 | €243,705 | €314,494 | +€70,788 | +29.0% |
| Equity | 10/15 | €149,250 | €83,222 | -€66,027 | -44.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €143,050 | €77,022 | -€66,027 | -46.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €141,190 | €75,162 | -€66,027 | -46.8% |
| Amounts payable | 17/49 | €94,455 | €231,271 | +€136,816 | +144.8% |
| Amounts payable after more than one year | 17 | €16,491 | €26,932 | +€10,441 | +63.3% |
| Financial debts | 170/4 | €16,491 | €26,932 | +€10,441 | +63.3% |
| Amounts payable within one year | 42/48 | €77,964 | €204,339 | +€126,375 | +162.1% |
| Current portion of amounts payable after more than one year | 42 | €9,562 | €8,568 | -€994 | -10.4% |
| Financial debts | 43 | - | €9,022 | +€9,022 | |
| Credit institutions | 430/8 | - | €9,022 | +€9,022 | |
| Trade debts | 44 | €23,713 | €134,974 | +€111,261 | +469.2% |
| Suppliers | 440/4 | €23,713 | €134,974 | +€111,261 | +469.2% |
| Taxes, remuneration and social security | 45 | €13,710 | €48,583 | +€34,873 | +254.4% |
| Taxes | 450/3 | €2,444 | €10,149 | +€7,705 | +315.2% |
| Remuneration and social security | 454/9 | €11,266 | €38,434 | +€27,168 | +241.2% |
| Other amounts payable | 47/48 | €30,980 | €3,192 | -€27,787 | -89.7% |
| Turnover | 70 | €648,738 | - | -€648,738 | |
| Non-recurring operating income | 76A | €161,068 | - | -€161,068 | |
| Goods, raw materials, services and sundry goods | 60/61 | €550,699 | - | -€550,699 | |
| Remuneration, social security and pensions | 62 | €96,753 | €105,590 | +€8,836 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,362 | €9,090 | +€728 | +8.7% |
| Other operating charges | 640/8 | €3,102 | €1,999 | -€1,103 | -35.6% |
| Non-recurring operating charges | 66A | - | €4,924 | +€4,924 | |
| Gross operating margin | 9900 | €259,107 | €57,733 | -€201,373 | -77.7% |
| Operating profit (loss) | 9901 | €150,889 | -€63,870 | -€214,759 | |
| Financial income | 75/76B | €27 | €1 | -€26 | -95.7% |
| Recurring financial income | 75 | €27 | €1 | -€26 | -95.7% |
| Financial charges | 65/66B | €3,342 | €2,159 | -€1,183 | -35.4% |
| Recurring financial charges | 65 | €3,342 | €2,159 | -€1,183 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €147,574 | -€66,027 | -€213,601 | |
| Income taxes | 67/77 | €33,786 | - | -€33,786 | |
| Profit (loss) for the period | 9904 | €113,788 | -€66,027 | -€179,815 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,788 | -€66,027 | -€179,815 |
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 3 October 2026 via checked.be.