GERLOPI: 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.
GERLOPI
Largest movements
- Stocks and contracts +€21,629
up €21,629 (+44.3%), from €48,799 to €70,428
- Receivables within one year -€6,636
down €6,636 (-78.0%), from €8,510 to €1,874
of which Other amounts receivable: -€5,673
- Tangible fixed assets -€1,993
down €1,993 (-5.6%), from €35,366 to €33,373
of which Plant, machinery and equipment: -€1,993
- Cash -€1,404
down €1,404 (-68.0%), from €2,066 to €662
mainly Stocks and contracts (-€21,629) and Net result for the year (-€7,154)
- Other debts +€16,015
new in 2025: €16,015
- Trade debts +€8,190
up €8,190 (+118%), from €6,949 to €15,139
- Profit (loss) carried forward -€7,154
down €7,154, from €1,172 to -€5,981
- Tax, wage and social debts -€5,456
down €5,456 (-42.9%), from €12,730 to €7,274
- Write-downs +€47,867
up €47,867, from -€28,542 to €19,325
- Gross operating margin +€25,832
up €25,832, from -€3,625 to €22,207
- Taxes -€2,809
down €2,809 (-88.8%), from €3,164 to €355
- Other operating charges +€318
up €318 (+12.4%), from €2,558 to €2,876
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 | €94,952 | €106,547 | +€11,595 | +12.2% |
| Fixed assets | 21/28 | €35,577 | €33,583 | -€1,993 | -5.6% |
| Tangible fixed assets | 22/27 | €35,366 | €33,373 | -€1,993 | -5.6% |
| Land and buildings | 22 | €31,197 | €31,197 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,168 | €2,175 | -€1,993 | -47.8% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €59,375 | €72,964 | +€13,589 | +22.9% |
| Stocks and contracts in progress | 3 | €48,799 | €70,428 | +€21,629 | +44.3% |
| Stocks | 30/36 | €48,799 | €70,428 | +€21,629 | +44.3% |
| Amounts receivable within one year | 40/41 | €8,510 | €1,874 | -€6,636 | -78.0% |
| Trade receivables | 40 | €1,260 | €298 | -€962 | -76.4% |
| Other amounts receivable | 41 | €7,250 | €1,576 | -€5,673 | -78.3% |
| Cash at bank and in hand | 54/58 | €2,066 | €662 | -€1,404 | -68.0% |
| Total equity and liabilities | 10/49 | €94,952 | €106,547 | +€11,595 | +12.2% |
| Equity | 10/15 | €35,272 | €28,119 | -€7,154 | -20.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,172 | -€5,981 | -€7,154 | |
| Amounts payable | 17/49 | €59,680 | €78,429 | +€18,749 | +31.4% |
| Amounts payable within one year | 42/48 | €59,680 | €78,429 | +€18,749 | +31.4% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €6,949 | €15,139 | +€8,190 | +118% |
| Suppliers | 440/4 | €6,949 | €15,139 | +€8,190 | +118% |
| Taxes, remuneration and social security | 45 | €12,730 | €7,274 | -€5,456 | -42.9% |
| Taxes | 450/3 | €12,730 | €7,274 | -€5,456 | -42.9% |
| Other amounts payable | 47/48 | - | €16,015 | +€16,015 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,993 | €1,993 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,542 | €19,325 | +€47,867 | |
| Other operating charges | 640/8 | €2,558 | €2,876 | +€318 | +12.4% |
| Gross operating margin | 9900 | -€3,625 | €22,207 | +€25,832 | |
| Operating profit (loss) | 9901 | €20,366 | -€1,988 | -€22,354 | |
| Financial income | 75/76B | €445 | €337 | -€108 | -24.2% |
| Recurring financial income | 75 | €445 | €337 | -€108 | -24.2% |
| Financial charges | 65/66B | €4,970 | €5,148 | +€179 | +3.6% |
| Recurring financial charges | 65 | €4,970 | €5,148 | +€179 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €15,841 | -€6,799 | -€22,640 | |
| Income taxes | 67/77 | €3,164 | €355 | -€2,809 | -88.8% |
| Profit (loss) for the period | 9904 | €12,677 | -€7,154 | -€19,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,677 | -€7,154 | -€19,831 |
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 16 October 2026 via checked.be.