Gerjagri: 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.
Gerjagri
Largest movements
- Tangible fixed assets -€71,071
down €71,071 (-20.1%), from €353,784 to €282,714
of which Plant, machinery and equipment: -€60,922
- Receivables within one year +€60,583
up €60,583 (+158.4%), from €38,239 to €98,822
of which Trade receivables: +€92,331
- Deferred charges and accrued income +€6,549
up €6,549 (+797.4%), from €821 to €7,371
- Debts after one year -€46,528
down €46,528 (-41.7%), from €111,666 to €65,138
- Reserves +€31,257
up €31,257 (+568.3%), from €5,500 to €36,757
- Trade debts +€15,668
up €15,668 (+147.7%), from €10,608 to €26,276
- Current portion of long-term debt -€4,507
down €4,507 (-7.5%), from €60,341 to €55,834
- Gross operating margin +€29,508
up €29,508 (+38.4%), from €76,772 to €106,280
- Depreciation +€12,570
up €12,570 (+21.5%), from €58,501 to €71,071
- Taxes +€3,118
up €3,118 (+1509.7%), from €207 to €3,324
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 | €446,808 | €444,243 | -€2,565 | -0.6% |
| Fixed assets | 21/28 | €353,784 | €282,714 | -€71,071 | -20.1% |
| Tangible fixed assets | 22/27 | €353,784 | €282,714 | -€71,071 | -20.1% |
| Plant, machinery and equipment | 23 | €331,763 | €270,841 | -€60,922 | -18.4% |
| Furniture and vehicles | 24 | €22,021 | €11,872 | -€10,149 | -46.1% |
| Current assets | 29/58 | €93,024 | €161,530 | +€68,506 | +73.6% |
| Stocks and contracts in progress | 3 | €13,490 | €12,028 | -€1,462 | -10.8% |
| Stocks | 30/36 | €13,490 | €12,028 | -€1,462 | -10.8% |
| Amounts receivable within one year | 40/41 | €38,239 | €98,822 | +€60,583 | +158.4% |
| Trade receivables | 40 | €4,334 | €96,664 | +€92,331 | +2130.6% |
| Other amounts receivable | 41 | €33,905 | €2,157 | -€31,748 | -93.6% |
| Cash at bank and in hand | 54/58 | €40,474 | €43,309 | +€2,835 | +7.0% |
| Deferred charges and accrued income | 490/1 | €821 | €7,371 | +€6,549 | +797.4% |
| Total equity and liabilities | 10/49 | €446,808 | €444,243 | -€2,565 | -0.6% |
| Equity | 10/15 | €15,326 | €46,583 | +€31,257 | +203.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €5,500 | €36,757 | +€31,257 | +568.3% |
| Distributable reserves | 133 | €5,500 | €36,757 | +€31,257 | +568.3% |
| Profit (loss) carried forward | 14 | €2,326 | €2,326 | = | 0.0% |
| Amounts payable | 17/49 | €431,482 | €397,661 | -€33,822 | -7.8% |
| Amounts payable after more than one year | 17 | €111,666 | €65,138 | -€46,528 | -41.7% |
| Financial debts | 170/4 | €111,666 | €65,138 | -€46,528 | -41.7% |
| Amounts payable within one year | 42/48 | €319,816 | €332,522 | +€12,707 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €60,341 | €55,834 | -€4,507 | -7.5% |
| Trade debts | 44 | €10,608 | €26,276 | +€15,668 | +147.7% |
| Suppliers | 440/4 | €10,608 | €26,276 | +€15,668 | +147.7% |
| Taxes, remuneration and social security | 45 | €830 | €3,531 | +€2,701 | +325.4% |
| Taxes | 450/3 | €830 | €3,531 | +€2,701 | +325.4% |
| Other amounts payable | 47/48 | €248,037 | €246,881 | -€1,155 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,501 | €71,071 | +€12,570 | +21.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €76,772 | €106,280 | +€29,508 | +38.4% |
| Operating profit (loss) | 9901 | €17,884 | €34,810 | +€16,926 | +94.6% |
| Financial charges | 65/66B | €61 | €229 | +€168 | +277.7% |
| Recurring financial charges | 65 | €61 | €229 | +€168 | +277.7% |
| Profit (loss) for the period before taxes | 9903 | €17,824 | €34,581 | +€16,757 | +94.0% |
| Income taxes | 67/77 | €207 | €3,324 | +€3,118 | +1509.7% |
| Profit (loss) for the period | 9904 | €17,617 | €31,257 | +€13,639 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,617 | €31,257 | +€13,639 | +77.4% |
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 10 October 2026 via checked.be.