GERMANI: 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.
GERMANI
Largest movements
- Tangible fixed assets -€37,815
down €37,815 (-6.9%), from €545,576 to €507,761
of which Land and buildings: -€19,815
- Cash -€8,404
down €8,404 (-59.2%), from €14,196 to €5,792
mainly Net result for the year (-€52,842) and Tax, wage and social debts (-€31,133)
- Other debts +€56,148
up €56,148 (+37.3%), from €150,627 to €206,775
- Profit (loss) carried forward -€52,842
down €52,842 (-83.0%), from -€63,691 to -€116,533
- Tax, wage and social debts -€31,133
down €31,133 (-97.8%), from €31,837 to €704
of which Remuneration and social security: -€31,837
- Debts after one year -€20,466
down €20,466 (-7.6%), from €268,723 to €248,257
- Gross operating margin -€35,318
down €35,318 (-88.5%), from €39,897 to €4,578
- Other operating charges +€4,256
up €4,256 (+136.3%), from €3,123 to €7,379
- Financial income +€925
new in 2025: €925
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.
Cash bridge derived
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 | €588,652 | €542,801 | -€45,850 | -7.8% |
| Fixed assets | 21/28 | €545,576 | €507,761 | -€37,815 | -6.9% |
| Tangible fixed assets | 22/27 | €545,576 | €507,761 | -€37,815 | -6.9% |
| Land and buildings | 22 | €486,691 | €466,875 | -€19,815 | -4.1% |
| Plant, machinery and equipment | 23 | €178 | - | -€178 | |
| Furniture and vehicles | 24 | €58,707 | €40,886 | -€17,821 | -30.4% |
| Current assets | 29/58 | €43,076 | €35,040 | -€8,036 | -18.7% |
| Stocks and contracts in progress | 3 | €1,012 | - | -€1,012 | |
| Contracts in progress | 37 | €1,012 | - | -€1,012 | |
| Amounts receivable within one year | 40/41 | €27,869 | €29,249 | +€1,380 | +5.0% |
| Trade receivables | 40 | €27,869 | €29,249 | +€1,380 | +5.0% |
| Cash at bank and in hand | 54/58 | €14,196 | €5,792 | -€8,404 | -59.2% |
| Total equity and liabilities | 10/49 | €588,652 | €542,801 | -€45,850 | -7.8% |
| Equity | 10/15 | €116,309 | €63,467 | -€52,842 | -45.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,691 | -€116,533 | -€52,842 | -83.0% |
| Amounts payable | 17/49 | €472,343 | €479,335 | +€6,992 | +1.5% |
| Amounts payable after more than one year | 17 | €268,723 | €248,257 | -€20,466 | -7.6% |
| Financial debts | 170/4 | €268,723 | €248,257 | -€20,466 | -7.6% |
| Amounts payable within one year | 42/48 | €203,620 | €231,078 | +€27,458 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €19,660 | €20,466 | +€806 | +4.1% |
| Trade debts | 44 | - | €3,133 | +€3,133 | |
| Suppliers | 440/4 | - | €3,133 | +€3,133 | |
| Advances received on contracts in progress | 46 | €1,495 | - | -€1,495 | |
| Taxes, remuneration and social security | 45 | €31,837 | €704 | -€31,133 | -97.8% |
| Taxes | 450/3 | - | €704 | +€704 | |
| Remuneration and social security | 454/9 | €31,837 | - | -€31,837 | |
| Other amounts payable | 47/48 | €150,627 | €206,775 | +€56,148 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,849 | €37,815 | -€35 | -0.1% |
| Other operating charges | 640/8 | €3,123 | €7,379 | +€4,256 | +136.3% |
| Gross operating margin | 9900 | €39,897 | €4,578 | -€35,318 | -88.5% |
| Operating profit (loss) | 9901 | -€1,075 | -€40,615 | -€39,540 | -3676.7% |
| Financial income | 75/76B | - | €925 | +€925 | |
| Recurring financial income | 75 | - | €925 | +€925 | |
| Financial charges | 65/66B | €13,114 | €13,152 | +€38 | +0.3% |
| Recurring financial charges | 65 | €13,114 | €13,152 | +€38 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,189 | -€52,842 | -€38,653 | -272.4% |
| Profit (loss) for the period | 9904 | -€14,189 | -€52,842 | -€38,653 | -272.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,189 | -€52,842 | -€38,653 | -272.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.