GERLI 1425: 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.
"GERLI 1425"
Largest movements
- Tangible fixed assets -€241,190
down €241,190 (-10.0%), from €2.4m to €2.2m
- Receivables within one year -€214,881
no longer reported in 2024 (was €214,881)
of which Other amounts receivable: -€214,755
- Profit (loss) carried forward -€337,270
down €337,270 (-28.3%), from -€1.2m to -€1.5m
- Debts after one year -€107,236
down €107,236 (-4.5%), from €2.4m to €2.3m
- Other debts +€105,271
new in 2024: €105,271
- Revaluation surpluses -€92,142
down €92,142 (-14.2%), from €647,292 to €555,150
- Financial income -€9,621
no longer reported in 2024 (was €9,621)
- Other operating charges -€7,980
down €7,980 (-9.6%), from €82,855 to €74,875
- Gross operating margin +€6,136
up €6,136 (+42.6%), from -€14,413 to -€8,277
- Purchases and services +€1,964
up €1,964 (+13.6%), from €14,413 to €16,377
- Financial charges -€754
down €754 (-0.7%), from €105,825 to €105,071
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.
Derived cash bridge
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 | €2,630,023 | €2,174,227 | -€455,796 | -17.3% |
| Fixed assets | 21/28 | €2,408,775 | €2,167,586 | -€241,190 | -10.0% |
| Tangible fixed assets | 22/27 | €2,408,775 | €2,167,586 | -€241,190 | -10.0% |
| Land and buildings | 22 | €2,408,775 | €2,167,586 | -€241,190 | -10.0% |
| Current assets | 29/58 | €221,248 | €6,641 | -€214,606 | -97.0% |
| Amounts receivable within one year | 40/41 | €214,881 | - | -€214,881 | |
| Trade receivables | 40 | €126 | - | -€126 | |
| Other amounts receivable | 41 | €214,755 | - | -€214,755 | |
| Cash at bank and in hand | 54/58 | €385 | €552 | +€167 | +43.5% |
| Deferred charges and accrued income | 490/1 | €5,982 | €6,089 | +€108 | +1.8% |
| Total equity and liabilities | 10/49 | €2,630,023 | €2,174,227 | -€455,796 | -17.3% |
| Equity | 10/15 | €196,697 | -€232,716 | -€429,413 | |
| Contributions | 10/11 | €743,111 | €743,111 | = | 0.0% |
| Capital | 10 | €743,111 | €743,111 | = | 0.0% |
| Issued capital | 100 | €743,111 | €743,111 | = | 0.0% |
| Revaluation surpluses | 12 | €647,292 | €555,150 | -€92,142 | -14.2% |
| Profit (loss) carried forward | 14 | -€1,193,706 | -€1,530,977 | -€337,270 | -28.3% |
| Amounts payable | 17/49 | €2,433,326 | €2,406,943 | -€26,383 | -1.1% |
| Amounts payable after more than one year | 17 | €2,407,236 | €2,300,000 | -€107,236 | -4.5% |
| Other amounts payable | 178/9 | €2,407,236 | €2,300,000 | -€107,236 | -4.5% |
| Amounts payable within one year | 42/48 | €26,090 | €105,765 | +€79,675 | +305% |
| Trade debts | 44 | €26,090 | €494 | -€25,596 | -98.1% |
| Suppliers | 440/4 | €26,090 | €494 | -€25,596 | -98.1% |
| Other amounts payable | 47/48 | - | €105,271 | +€105,271 | |
| Accrued charges and deferred income | 492/3 | - | €1,177 | +€1,177 | |
| Non-recurring operating income | 76A | - | €8,100 | +€8,100 | |
| Goods, raw materials, services and sundry goods | 60/61 | €14,413 | €16,377 | +€1,964 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,190 | €241,190 | = | 0.0% |
| Other operating charges | 640/8 | €82,855 | €74,875 | -€7,980 | -9.6% |
| Gross operating margin | 9900 | -€14,413 | -€8,277 | +€6,136 | +42.6% |
| Operating profit (loss) | 9901 | -€338,458 | -€324,342 | +€14,116 | +4.2% |
| Financial income | 75/76B | €9,621 | - | -€9,621 | |
| Recurring financial income | 75 | €9,621 | - | -€9,621 | |
| Financial charges | 65/66B | €105,825 | €105,071 | -€754 | -0.7% |
| Recurring financial charges | 65 | €105,825 | €105,071 | -€754 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€434,662 | -€429,413 | +€5,249 | +1.2% |
| Profit (loss) for the period | 9904 | -€434,662 | -€429,413 | +€5,249 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€434,662 | -€429,413 | +€5,249 | +1.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.