GERISART: 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.
GERISART
Largest movements
- Receivables within one year +€173,667
up €173,667 (+7.0%), from €2.5m to €2.7m
of which Other amounts receivable: +€201,191
- Tangible fixed assets +€53,173
up €53,173 (+7.4%), from €713,752 to €766,924
of which Other tangible fixed assets: +€38,234
- Trade debts +€141,885
up €141,885 (+35.1%), from €404,722 to €546,607
- Tax, wage and social debts +€75,959
up €75,959 (+8.3%), from €911,292 to €987,251
of which Remuneration and social security: +€62,969
- Staff costs +€281,477
up €281,477 (+5.9%), from €4.8m to €5.1m
- Turnover +€113,036
up €113,036 (+1.8%), from €6.3m to €6.4m
- Purchases and services +€94,297
up €94,297 (+4.2%), from €2.3m to €2.4m
- Taxes -€77,815
down €77,815 (-69.3%), from €112,282 to €34,467
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 | €3,217,301 | €3,436,340 | +€219,039 | +6.8% |
| Fixed assets | 21/28 | €713,752 | €766,924 | +€53,173 | +7.4% |
| Tangible fixed assets | 22/27 | €713,752 | €766,924 | +€53,173 | +7.4% |
| Plant, machinery and equipment | 23 | €384,330 | €411,090 | +€26,760 | +7.0% |
| Furniture and vehicles | 24 | €34,852 | €23,031 | -€11,822 | -33.9% |
| Other tangible fixed assets | 26 | €294,570 | €332,803 | +€38,234 | +13.0% |
| Current assets | 29/58 | €2,503,549 | €2,669,416 | +€165,867 | +6.6% |
| Stocks and contracts in progress | 3 | €10,425 | €9,515 | -€910 | -8.7% |
| Stocks | 30/36 | €10,425 | €9,515 | -€910 | -8.7% |
| Amounts receivable within one year | 40/41 | €2,476,902 | €2,650,569 | +€173,667 | +7.0% |
| Trade receivables | 40 | €758,539 | €731,015 | -€27,524 | -3.6% |
| Other amounts receivable | 41 | €1,718,363 | €1,919,554 | +€201,191 | +11.7% |
| Cash at bank and in hand | 54/58 | €636 | €7 | -€629 | -99.0% |
| Deferred charges and accrued income | 490/1 | €15,586 | €9,325 | -€6,261 | -40.2% |
| Total equity and liabilities | 10/49 | €3,217,301 | €3,436,340 | +€219,039 | +6.8% |
| Equity | 10/15 | €1,670,573 | €1,675,069 | +€4,496 | +0.3% |
| Contributions | 10/11 | €270,977 | €270,977 | = | 0.0% |
| Capital | 10 | €270,977 | €270,977 | = | 0.0% |
| Issued capital | 100 | €270,977 | €270,977 | = | 0.0% |
| Reserves | 13 | €45,865 | €45,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,865 | €45,865 | = | 0.0% |
| Legal reserve | 130 | €45,865 | €45,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,353,731 | €1,358,227 | +€4,496 | +0.3% |
| Amounts payable | 17/49 | €1,546,728 | €1,761,271 | +€214,543 | +13.9% |
| Amounts payable within one year | 42/48 | €1,546,728 | €1,761,271 | +€214,543 | +13.9% |
| Financial debts | 43 | €9,206 | €11,600 | +€2,394 | +26.0% |
| Other loans | 439 | €9,206 | €11,600 | +€2,394 | +26.0% |
| Trade debts | 44 | €404,722 | €546,607 | +€141,885 | +35.1% |
| Suppliers | 440/4 | €404,722 | €546,607 | +€141,885 | +35.1% |
| Taxes, remuneration and social security | 45 | €911,292 | €987,251 | +€75,959 | +8.3% |
| Taxes | 450/3 | €158,397 | €171,388 | +€12,990 | +8.2% |
| Remuneration and social security | 454/9 | €752,894 | €815,863 | +€62,969 | +8.4% |
| Other amounts payable | 47/48 | €221,507 | €215,812 | -€5,695 | -2.6% |
| Turnover | 70 | €6,254,137 | €6,367,173 | +€113,036 | +1.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,262,203 | €2,356,500 | +€94,297 | +4.2% |
| Remuneration, social security and pensions | 62 | €4,769,491 | €5,050,969 | +€281,477 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,438 | €109,566 | +€21,128 | +23.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,450 | -€4,350 | -€10,800 | |
| Other operating charges | 640/8 | €43,704 | €47,557 | +€3,853 | +8.8% |
| Non-recurring operating charges | 66A | €673 | - | -€673 | |
| Gross operating margin | 9900 | €5,198,644 | €5,209,070 | +€10,425 | +0.2% |
| Operating profit (loss) | 9901 | €289,888 | €5,328 | -€284,560 | -98.2% |
| Financial income | 75/76B | €57,277 | €38,377 | -€18,899 | -33.0% |
| Recurring financial income | 75 | €57,277 | €38,377 | -€18,899 | -33.0% |
| Financial charges | 65/66B | €4,505 | €4,742 | +€238 | +5.3% |
| Recurring financial charges | 65 | €4,505 | €4,742 | +€238 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €342,660 | €38,963 | -€303,697 | -88.6% |
| Income taxes | 67/77 | €112,282 | €34,467 | -€77,815 | -69.3% |
| Profit (loss) for the period | 9904 | €230,378 | €4,496 | -€225,882 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €230,378 | €4,496 | -€225,882 | -98.0% |
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 12 October 2026 via checked.be.