GERJON: 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.
GERJON
Largest movements
- Cash -€39,035
down €39,035 (-57.8%), from €67,581 to €28,546
mainly Contributions, distributions and other (-€71,907) and Investment in fixed assets (net) (-€25,596)
- Receivables within one year +€14,335
up €14,335 (+1,594%), from €900 to €15,235
of which Trade receivables: +€15,219
- Tangible fixed assets -€7,034
down €7,034 (-6.0%), from €116,531 to €109,497
of which Furniture and vehicles: -€9,771
- Financial fixed assets +€3,690
new in 2025: €3,690
- Reserves -€65,929
down €65,929 (-100%), from €65,929 to €0
- Other debts +€64,585
up €64,585 (+227,173%), from €28 to €64,614
- Debts after one year -€14,433
down €14,433 (-23.6%), from €61,093 to €46,660
- Current portion of long-term debt -€11,682
down €11,682 (-44.7%), from €26,115 to €14,433
- Tax, wage and social debts +€10,427
up €10,427 (+923%), from €1,129 to €11,556
of which Taxes: +€8,327
- Gross operating margin +€28,952
up €28,952 (+223%), from €12,963 to €41,914
- Depreciation +€8,271
up €8,271 (+40.0%), from €20,668 to €28,940
- Taxes +€2,649
up €2,649 (+1,478%), from €179 to €2,828
- Financial charges +€1,201
up €1,201 (+69.9%), from €1,718 to €2,920
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.
Derived cash bridge
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 | €186,534 | €159,610 | -€26,924 | -14.4% |
| Fixed assets | 21/28 | €116,531 | €113,187 | -€3,344 | -2.9% |
| Tangible fixed assets | 22/27 | €116,531 | €109,497 | -€7,034 | -6.0% |
| Plant, machinery and equipment | 23 | €819 | €517 | -€302 | -36.9% |
| Furniture and vehicles | 24 | €14,114 | €4,343 | -€9,771 | -69.2% |
| Other tangible fixed assets | 26 | €101,598 | €104,637 | +€3,039 | +3.0% |
| Financial fixed assets | 28 | - | €3,690 | +€3,690 | |
| Current assets | 29/58 | €70,003 | €46,423 | -€23,580 | -33.7% |
| Amounts receivable within one year | 40/41 | €900 | €15,235 | +€14,335 | +1,594% |
| Trade receivables | 40 | €0 | €15,219 | +€15,219 | |
| Other amounts receivable | 41 | €900 | €16 | -€883 | -98.2% |
| Cash at bank and in hand | 54/58 | €67,581 | €28,546 | -€39,035 | -57.8% |
| Deferred charges and accrued income | 490/1 | €1,523 | €2,642 | +€1,119 | +73.5% |
| Total equity and liabilities | 10/49 | €186,534 | €159,610 | -€26,924 | -14.4% |
| Equity | 10/15 | €84,529 | €18,600 | -€65,929 | -78.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,929 | €0 | -€65,929 | -100% |
| Distributable reserves | 133 | €65,929 | €0 | -€65,929 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €102,006 | €141,010 | +€39,005 | +38.2% |
| Amounts payable after more than one year | 17 | €61,093 | €46,660 | -€14,433 | -23.6% |
| Financial debts | 170/4 | €61,093 | €46,660 | -€14,433 | -23.6% |
| Amounts payable within one year | 42/48 | €39,662 | €94,350 | +€54,688 | +138% |
| Current portion of amounts payable after more than one year | 42 | €26,115 | €14,433 | -€11,682 | -44.7% |
| Trade debts | 44 | €12,389 | €3,747 | -€8,642 | -69.8% |
| Suppliers | 440/4 | €12,389 | €3,747 | -€8,642 | -69.8% |
| Taxes, remuneration and social security | 45 | €1,129 | €11,556 | +€10,427 | +923% |
| Taxes | 450/3 | €1,129 | €9,456 | +€8,327 | +737% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €28 | €64,614 | +€64,585 | +227,173% |
| Accrued charges and deferred income | 492/3 | €1,250 | €0 | -€1,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,668 | €28,940 | +€8,271 | +40.0% |
| Other operating charges | 640/8 | €1,065 | €1,141 | +€76 | +7.1% |
| Non-recurring operating charges | 66A | - | €178 | +€178 | |
| Gross operating margin | 9900 | €12,963 | €41,914 | +€28,952 | +223% |
| Operating profit (loss) | 9901 | -€8,771 | €11,656 | +€20,426 | |
| Financial income | 75/76B | €12 | €71 | +€59 | +486% |
| Recurring financial income | 75 | €12 | €71 | +€59 | +486% |
| Financial charges | 65/66B | €1,718 | €2,920 | +€1,201 | +69.9% |
| Recurring financial charges | 65 | €1,718 | €2,920 | +€1,201 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,477 | €8,807 | +€19,284 | |
| Income taxes | 67/77 | €179 | €2,828 | +€2,649 | +1,478% |
| Profit (loss) for the period | 9904 | -€10,656 | €5,979 | +€16,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,656 | €5,979 | +€16,635 |
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 13 October 2026 via checked.be.