GERIX: 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.
GERIX
Largest movements
- Tangible fixed assets +€82,925
up €82,925 (+52.2%), from €158,712 to €241,637
of which Leasing and similar rights: +€59,670
- Current investments +€51,636
up €51,636 (+18.9%), from €273,648 to €325,284
- Cash +€23,525
up €23,525 (+26.1%), from €89,962 to €113,487
mainly Net result for the year (+€180,974) and Debts after one year (+€29,354)
- Reserves +€137,530
up €137,530 (+27.1%), from €506,680 to €644,210
- Debts after one year +€29,354
up €29,354 (+23483.2%), from €125 to €29,479
of which Financial debts: +€29,354
- Other debts -€11,452
down €11,452 (-11.2%), from €101,893 to €90,442
- Gross operating margin +€50,197
up €50,197 (+22.7%), from €220,707 to €270,903
- Depreciation -€35,511
down €35,511 (-79.6%), from €44,588 to €9,077
- Taxes +€25,961
up €25,961 (+49.7%), from €52,232 to €78,193
- Financial charges +€8,192
up €8,192, from -€3,330 to €4,862
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €629,155 | €788,441 | +€159,287 | +25.3% |
| Fixed assets | 21/28 | €158,761 | €241,686 | +€82,925 | +52.2% |
| Tangible fixed assets | 22/27 | €158,712 | €241,637 | +€82,925 | +52.2% |
| Land and buildings | 22 | €135,000 | €135,000 | = | 0.0% |
| Furniture and vehicles | 24 | €19,327 | €17,380 | -€1,947 | -10.1% |
| Leasing and similar rights | 25 | - | €59,670 | +€59,670 | |
| Other tangible fixed assets | 26 | €4,385 | - | -€4,385 | |
| Assets under construction and advance payments | 27 | - | €29,587 | +€29,587 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €470,393 | €546,755 | +€76,362 | +16.2% |
| Amounts receivable within one year | 40/41 | €103,782 | €104,257 | +€475 | +0.5% |
| Other amounts receivable | 41 | €103,782 | €104,257 | +€475 | +0.5% |
| Current investments | 50/53 | €273,648 | €325,284 | +€51,636 | +18.9% |
| Cash at bank and in hand | 54/58 | €89,962 | €113,487 | +€23,525 | +26.1% |
| Deferred charges and accrued income | 490/1 | €3,000 | €3,727 | +€727 | +24.2% |
| Total equity and liabilities | 10/49 | €629,155 | €788,441 | +€159,287 | +25.3% |
| Equity | 10/15 | €513,134 | €650,688 | +€137,554 | +26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €506,680 | €644,210 | +€137,530 | +27.1% |
| Distributable reserves | 133 | €506,680 | €644,210 | +€137,530 | +27.1% |
| Profit (loss) carried forward | 14 | €254 | €278 | +€24 | +9.6% |
| Amounts payable | 17/49 | €116,021 | €137,753 | +€21,732 | +18.7% |
| Amounts payable after more than one year | 17 | €125 | €29,479 | +€29,354 | +23483.2% |
| Financial debts | 170/4 | - | €29,354 | +€29,354 | |
| Other amounts payable | 178/9 | €125 | €125 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,419 | €103,935 | -€7,484 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,181 | +€7,181 | |
| Trade debts | 44 | €7,560 | €6,312 | -€1,248 | -16.5% |
| Suppliers | 440/4 | €7,560 | €6,312 | -€1,248 | -16.5% |
| Taxes, remuneration and social security | 45 | €1,965 | - | -€1,965 | |
| Taxes | 450/3 | €1,965 | - | -€1,965 | |
| Other amounts payable | 47/48 | €101,893 | €90,442 | -€11,452 | -11.2% |
| Accrued charges and deferred income | 492/3 | €4,477 | €4,339 | -€137 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,588 | €9,077 | -€35,511 | -79.6% |
| Other operating charges | 640/8 | €3,720 | €2,019 | -€1,701 | -45.7% |
| Gross operating margin | 9900 | €220,707 | €270,903 | +€50,197 | +22.7% |
| Operating profit (loss) | 9901 | €172,399 | €259,808 | +€87,409 | +50.7% |
| Financial income | 75/76B | €4,867 | €4,222 | -€646 | -13.3% |
| Recurring financial income | 75 | €4,867 | €4,222 | -€646 | -13.3% |
| Financial charges | 65/66B | -€3,330 | €4,862 | +€8,192 | |
| Recurring financial charges | 65 | -€3,330 | €4,862 | +€8,192 | |
| Profit (loss) for the period before taxes | 9903 | €180,596 | €259,167 | +€78,571 | +43.5% |
| Income taxes | 67/77 | €52,232 | €78,193 | +€25,961 | +49.7% |
| Profit (loss) for the period | 9904 | €128,364 | €180,974 | +€52,611 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,364 | €180,974 | +€52,611 | +41.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.