GERMAIN INVEST: what changed
GERMAIN INVEST
Largest movements
- Cash -€6,981
down €6,981 (-99.4%), from €7,024 to €42
mainly Net result for the year (-€8,330) and Trade debts (-€4,885)
- Receivables within one year -€1,617
down €1,617 (-9.1%), from €17,743 to €16,126
of which Trade receivables: -€1,920
- Deferred charges and accrued income +€614
up €614 (+162%), from €380 to €993
- Tangible fixed assets -€421
down €421 (-3.2%), from €13,026 to €12,605
of which Plant, machinery and equipment: -€421
- Profit (loss) carried forward -€8,330
down €8,330, from €7,330 to -€1,000
- Other debts +€4,886
up €4,886 (+136%), from €3,595 to €8,481
- Trade debts -€4,885
down €4,885 (-38.7%), from €12,624 to €7,740
- Accrued charges and deferred income -€563
no longer reported in 2024 (was €563)
- Tax, wage and social debts +€485
up €485 (+5.4%), from €9,061 to €9,546
- Gross operating margin -€25,425
down €25,425, from €19,412 to -€6,013
- Taxes -€4,860
down €4,860 (-95.7%), from €5,079 to €219
- Other operating charges -€665
down €665 (-34.1%), from €1,952 to €1,287
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,173 | €29,767 | -€8,406 | -22.0% |
| Fixed assets | 21/28 | €13,026 | €12,605 | -€421 | -3.2% |
| Tangible fixed assets | 22/27 | €13,026 | €12,605 | -€421 | -3.2% |
| Land and buildings | 22 | €12,500 | €12,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €526 | €105 | -€421 | -80.0% |
| Current assets | 29/58 | €25,147 | €17,162 | -€7,985 | -31.8% |
| Amounts receivable within one year | 40/41 | €17,743 | €16,126 | -€1,617 | -9.1% |
| Trade receivables | 40 | €17,218 | €15,298 | -€1,920 | -11.2% |
| Other amounts receivable | 41 | €525 | €828 | +€303 | +57.7% |
| Cash at bank and in hand | 54/58 | €7,024 | €42 | -€6,981 | -99.4% |
| Deferred charges and accrued income | 490/1 | €380 | €993 | +€614 | +162% |
| Total equity and liabilities | 10/49 | €38,173 | €29,767 | -€8,406 | -22.0% |
| Equity | 10/15 | €12,330 | €4,000 | -€8,330 | -67.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,330 | -€1,000 | -€8,330 | |
| Amounts payable | 17/49 | €25,843 | €25,767 | -€76 | -0.3% |
| Amounts payable within one year | 42/48 | €25,280 | €25,767 | +€487 | +1.9% |
| Trade debts | 44 | €12,624 | €7,740 | -€4,885 | -38.7% |
| Suppliers | 440/4 | €12,624 | €7,740 | -€4,885 | -38.7% |
| Taxes, remuneration and social security | 45 | €9,061 | €9,546 | +€485 | +5.4% |
| Taxes | 450/3 | €9,061 | €9,546 | +€485 | +5.4% |
| Other amounts payable | 47/48 | €3,595 | €8,481 | +€4,886 | +136% |
| Accrued charges and deferred income | 492/3 | €563 | - | -€563 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316 | €421 | +€105 | +33.3% |
| Other operating charges | 640/8 | €1,952 | €1,287 | -€665 | -34.1% |
| Gross operating margin | 9900 | €19,412 | -€6,013 | -€25,425 | |
| Operating profit (loss) | 9901 | €17,145 | -€7,721 | -€24,865 | |
| Financial charges | 65/66B | €451 | €390 | -€61 | -13.5% |
| Recurring financial charges | 65 | €451 | €390 | -€61 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €16,693 | -€8,111 | -€24,805 | |
| Income taxes | 67/77 | €5,079 | €219 | -€4,860 | -95.7% |
| Profit (loss) for the period | 9904 | €11,615 | -€8,330 | -€19,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,615 | -€8,330 | -€19,945 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.