GERJAGO: 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.
GERJAGO
Largest movements
- Current investments +€19,000
up €19,000 (+31.1%), from €61,000 to €80,000
- Cash -€5,286
down €5,286 (-14.6%), from €36,137 to €30,851
mainly Current investments (-€19,000) and Investment in fixed assets (net) (-€15,185)
- Tangible fixed assets +€1,949
up €1,949 (+3.5%), from €56,023 to €57,972
of which Furniture and vehicles: +€3,353
- Reserves +€25,884
up €25,884 (+25.7%), from €100,744 to €126,628
- Debts after one year -€9,143
down €9,143 (-34.2%), from €26,709 to €17,567
- Other debts +€2,403
up €2,403 (+103.5%), from €2,322 to €4,725
- Gross operating margin +€12,603
up €12,603 (+25.5%), from €49,489 to €62,092
- Depreciation +€10,656
up €10,656 (+413.0%), from €2,580 to €13,236
- Financial income +€1,359
up €1,359 (+373.2%), from €364 to €1,723
- Taxes +€1,127
up €1,127 (+11.8%), from €9,513 to €10,640
- Financial charges +€768
up €768 (+186.6%), from €411 to €1,179
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 | €167,301 | €184,264 | +€16,964 | +10.1% |
| Fixed assets | 21/28 | €56,023 | €57,972 | +€1,949 | +3.5% |
| Tangible fixed assets | 22/27 | €56,023 | €57,972 | +€1,949 | +3.5% |
| Plant, machinery and equipment | 23 | €4,013 | €3,173 | -€840 | -20.9% |
| Furniture and vehicles | 24 | €46,501 | €49,854 | +€3,353 | +7.2% |
| Other tangible fixed assets | 26 | €5,509 | €4,946 | -€564 | -10.2% |
| Current assets | 29/58 | €111,277 | €126,292 | +€15,015 | +13.5% |
| Amounts receivable within one year | 40/41 | €11,830 | €13,020 | +€1,190 | +10.1% |
| Trade receivables | 40 | €11,386 | €13,020 | +€1,633 | +14.3% |
| Other amounts receivable | 41 | €443 | - | -€443 | |
| Current investments | 50/53 | €61,000 | €80,000 | +€19,000 | +31.1% |
| Cash at bank and in hand | 54/58 | €36,137 | €30,851 | -€5,286 | -14.6% |
| Deferred charges and accrued income | 490/1 | €2,311 | €2,421 | +€110 | +4.8% |
| Total equity and liabilities | 10/49 | €167,301 | €184,264 | +€16,964 | +10.1% |
| Equity | 10/15 | €101,744 | €127,628 | +€25,884 | +25.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100,744 | €126,628 | +€25,884 | +25.7% |
| Distributable reserves | 133 | €100,744 | €126,628 | +€25,884 | +25.7% |
| Amounts payable | 17/49 | €65,557 | €56,637 | -€8,920 | -13.6% |
| Amounts payable after more than one year | 17 | €26,709 | €17,567 | -€9,143 | -34.2% |
| Financial debts | 170/4 | €26,709 | €17,567 | -€9,143 | -34.2% |
| Amounts payable within one year | 42/48 | €38,847 | €39,070 | +€222 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €8,845 | €9,143 | +€297 | +3.4% |
| Trade debts | 44 | €1,467 | €286 | -€1,180 | -80.5% |
| Suppliers | 440/4 | €1,467 | €286 | -€1,180 | -80.5% |
| Taxes, remuneration and social security | 45 | €26,213 | €24,916 | -€1,297 | -4.9% |
| Taxes | 450/3 | €26,213 | €24,916 | -€1,297 | -4.9% |
| Other amounts payable | 47/48 | €2,322 | €4,725 | +€2,403 | +103.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,580 | €13,236 | +€10,656 | +413.0% |
| Other operating charges | 640/8 | €376 | €376 | -€0 | 0.0% |
| Gross operating margin | 9900 | €49,489 | €62,092 | +€12,603 | +25.5% |
| Operating profit (loss) | 9901 | €46,533 | €48,480 | +€1,947 | +4.2% |
| Financial income | 75/76B | €364 | €1,723 | +€1,359 | +373.2% |
| Recurring financial income | 75 | €364 | €1,723 | +€1,359 | +373.2% |
| Financial charges | 65/66B | €411 | €1,179 | +€768 | +186.6% |
| Recurring financial charges | 65 | €411 | €1,179 | +€768 | +186.6% |
| Profit (loss) for the period before taxes | 9903 | €46,485 | €49,024 | +€2,539 | +5.5% |
| Income taxes | 67/77 | €9,513 | €10,640 | +€1,127 | +11.8% |
| Profit (loss) for the period | 9904 | €36,972 | €38,384 | +€1,411 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,972 | €38,384 | +€1,411 | +3.8% |
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 9 October 2026 via checked.be.