GERMINALLY: 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.
GERMINALLY
Largest movements
- Cash +€1,523
up €1,523 (+200.7%), from €759 to €2,281
mainly Other debts (+€2,000)
- Other debts +€2,000
up €2,000 (+33.3%), from €6,000 to €8,000
- Profit (loss) carried forward -€346
down €346 (-4.5%), from -€7,605 to -€7,951
- Trade debts -€132
down €132 (-36.2%), from €364 to €232
- Gross operating margin +€2,185
up €2,185 (+89.2%), from -€2,451 to -€266
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €759 | €2,281 | +€1,523 | +200.7% |
| Current assets | 29/58 | €759 | €2,281 | +€1,523 | +200.7% |
| Cash at bank and in hand | 54/58 | €759 | €2,281 | +€1,523 | +200.7% |
| Total equity and liabilities | 10/49 | €759 | €2,281 | +€1,523 | +200.7% |
| Equity | 10/15 | -€5,605 | -€5,951 | -€346 | -6.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,605 | -€7,951 | -€346 | -4.5% |
| Amounts payable | 17/49 | €6,364 | €8,232 | +€1,868 | +29.4% |
| Amounts payable within one year | 42/48 | €6,364 | €8,232 | +€1,868 | +29.4% |
| Trade debts | 44 | €364 | €232 | -€132 | -36.2% |
| Suppliers | 440/4 | €364 | €232 | -€132 | -36.2% |
| Other amounts payable | 47/48 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€2,451 | -€266 | +€2,185 | +89.2% |
| Operating profit (loss) | 9901 | -€2,838 | -€266 | +€2,573 | +90.6% |
| Financial charges | 65/66B | €89 | €80 | -€8 | -9.6% |
| Recurring financial charges | 65 | €89 | €80 | -€8 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,927 | -€346 | +€2,581 | +88.2% |
| Profit (loss) for the period | 9904 | -€2,927 | -€346 | +€2,581 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,927 | -€346 | +€2,581 | +88.2% |
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 5 October 2026 via checked.be.