"GERLI 168": 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.
"GERLI 168"
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-75.7%), from €1.4m to €338,547
of which Other amounts receivable: -€1.1m
- Current investments +€1.0m
new in 2024: €1.0m
- Cash +€142,555
up €142,555 (+273460.3%), from €52 to €142,607
mainly Receivables within one year (+€1.1m) and Depreciation (+€137,494)
- Tangible fixed assets -€137,494
down €137,494 (-5.7%), from €2.4m to €2.3m
- Revaluation surpluses -€137,494
down €137,494 (-6.9%), from €2.0m to €1.9m
- Reserves +€123,506
up €123,506 (+13.4%), from €924,529 to €1.0m
of which Distributable reserves: +€123,506
- Tax, wage and social debts -€53,441
down €53,441 (-45.1%), from €118,559 to €65,118
- Current portion of long-term debt +€40,875
new in 2024: €40,875
- Gross operating margin -€29,520
down €29,520 (-15.6%), from €189,685 to €160,165
- Turnover -€28,441
down €28,441 (-13.6%), from €208,441 to €180,000
- Financial income -€13,031
down €13,031 (-21.7%), from €60,172 to €47,141
- Taxes -€11,346
down €11,346 (-19.2%), from €59,093 to €47,747
- Other operating charges +€2,234
up €2,234 (+8.0%), from €28,011 to €30,245
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 | €3,814,446 | €3,789,304 | -€25,142 | -0.7% |
| Fixed assets | 21/28 | €2,417,081 | €2,279,586 | -€137,495 | -5.7% |
| Tangible fixed assets | 22/27 | €2,415,500 | €2,278,006 | -€137,494 | -5.7% |
| Land and buildings | 22 | €2,415,500 | €2,278,006 | -€137,494 | -5.7% |
| Financial fixed assets | 28 | €1,580 | €1,580 | -€0 | 0.0% |
| Current assets | 29/58 | €1,397,365 | €1,509,718 | +€112,353 | +8.0% |
| Amounts receivable within one year | 40/41 | €1,392,325 | €338,547 | -€1.1m | -75.7% |
| Trade receivables | 40 | €1,561 | - | -€1,561 | |
| Other amounts receivable | 41 | €1,390,764 | €338,547 | -€1.1m | -75.7% |
| Current investments | 50/53 | - | €1,023,464 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €52 | €142,607 | +€142,555 | +273460.3% |
| Deferred charges and accrued income | 490/1 | €4,988 | €5,100 | +€112 | +2.2% |
| Total equity and liabilities | 10/49 | €3,814,446 | €3,789,304 | -€25,142 | -0.7% |
| Equity | 10/15 | €3,412,310 | €3,403,774 | -€8,536 | -0.3% |
| Contributions | 10/11 | €480,352 | €480,352 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €2,006,476 | €1,868,982 | -€137,494 | -6.9% |
| Reserves | 13 | €924,529 | €1,048,035 | +€123,506 | +13.4% |
| Non-distributable reserves | 130/1 | €48,035 | €48,035 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €48,035 | €48,035 | -€0 | 0.0% |
| Distributable reserves | 133 | €876,494 | €1,000,000 | +€123,506 | +14.1% |
| Profit (loss) carried forward | 14 | €953 | €6,405 | +€5,452 | +572.2% |
| Amounts payable | 17/49 | €402,136 | €385,530 | -€16,606 | -4.1% |
| Amounts payable after more than one year | 17 | €278,738 | €278,737 | -€1 | 0.0% |
| Other amounts payable | 178/9 | €278,738 | €278,737 | -€1 | 0.0% |
| Amounts payable within one year | 42/48 | €123,398 | €106,793 | -€16,605 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | - | €40,875 | +€40,875 | |
| Trade debts | 44 | €4,840 | €800 | -€4,040 | -83.5% |
| Suppliers | 440/4 | €4,840 | €800 | -€4,040 | -83.5% |
| Taxes, remuneration and social security | 45 | €118,559 | €65,118 | -€53,441 | -45.1% |
| Taxes | 450/3 | €118,559 | €65,118 | -€53,441 | -45.1% |
| Turnover | 70 | €208,441 | €180,000 | -€28,441 | -13.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,756 | €19,835 | +€1,079 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,494 | €137,494 | -€0 | 0.0% |
| Other operating charges | 640/8 | €28,011 | €30,245 | +€2,234 | +8.0% |
| Gross operating margin | 9900 | €189,685 | €160,165 | -€29,520 | -15.6% |
| Operating profit (loss) | 9901 | €24,180 | -€7,574 | -€31,754 | |
| Financial income | 75/76B | €60,172 | €47,141 | -€13,031 | -21.7% |
| Recurring financial income | 75 | €60,172 | €47,141 | -€13,031 | -21.7% |
| Financial charges | 65/66B | €422 | €357 | -€65 | -15.4% |
| Recurring financial charges | 65 | €422 | €357 | -€65 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €83,930 | €39,210 | -€44,720 | -53.3% |
| Income taxes | 67/77 | €59,093 | €47,747 | -€11,346 | -19.2% |
| Profit (loss) for the period | 9904 | €24,838 | -€8,537 | -€33,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,838 | -€8,537 | -€33,375 |
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 3 October 2026 via checked.be.