GERMONPRE INVEST: 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.
GERMONPRE INVEST
Largest movements
- Tangible fixed assets -€14,437
down €14,437 (-2.9%), from €490,639 to €476,202
of which Land and buildings: -€13,564
- Receivables within one year -€6,631
down €6,631 (-20.6%), from €32,247 to €25,616
of which Trade receivables: -€11,597
- Reserves -€77,814
down €77,814 (-74.4%), from €104,558 to €26,744
- Debts after one year +€58,879
up €58,879 (+17.6%), from €335,444 to €394,322
- Gross operating margin +€2,341
up €2,341 (+3.7%), from €64,068 to €66,408
- Taxes +€2,160
up €2,160 (+30.4%), from €7,097 to €9,257
- Financial charges -€827
down €827 (-13.7%), from €6,039 to €5,213
- Other operating charges +€687
up €687 (+13.0%), from €5,280 to €5,966
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 | €534,886 | €511,587 | -€23,299 | -4.4% |
| Fixed assets | 21/28 | €490,639 | €476,202 | -€14,437 | -2.9% |
| Tangible fixed assets | 22/27 | €490,639 | €476,202 | -€14,437 | -2.9% |
| Land and buildings | 22 | €479,743 | €466,179 | -€13,564 | -2.8% |
| Plant, machinery and equipment | 23 | €5,145 | €5,198 | +€53 | +1.0% |
| Furniture and vehicles | 24 | €5,751 | €4,825 | -€925 | -16.1% |
| Current assets | 29/58 | €44,247 | €35,384 | -€8,862 | -20.0% |
| Amounts receivable within one year | 40/41 | €32,247 | €25,616 | -€6,631 | -20.6% |
| Trade receivables | 40 | €30,566 | €18,970 | -€11,597 | -37.9% |
| Other amounts receivable | 41 | €1,681 | €6,646 | +€4,965 | +295% |
| Cash at bank and in hand | 54/58 | €9,524 | €6,471 | -€3,053 | -32.1% |
| Deferred charges and accrued income | 490/1 | €2,475 | €3,297 | +€822 | +33.2% |
| Total equity and liabilities | 10/49 | €534,886 | €511,587 | -€23,299 | -4.4% |
| Equity | 10/15 | €144,558 | €66,744 | -€77,814 | -53.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €104,558 | €26,744 | -€77,814 | -74.4% |
| Distributable reserves | 133 | €104,558 | €26,744 | -€77,814 | -74.4% |
| Amounts payable | 17/49 | €390,328 | €444,843 | +€54,516 | +14.0% |
| Amounts payable after more than one year | 17 | €335,444 | €394,322 | +€58,879 | +17.6% |
| Financial debts | 170/4 | €335,444 | €394,322 | +€58,879 | +17.6% |
| Amounts payable within one year | 42/48 | €54,590 | €50,243 | -€4,347 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €31,105 | €31,320 | +€215 | +0.7% |
| Trade debts | 44 | €3,493 | €3,494 | +€1 | 0.0% |
| Suppliers | 440/4 | €3,493 | €3,494 | +€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €5,172 | €4,473 | -€699 | -13.5% |
| Taxes | 450/3 | €5,172 | €4,473 | -€699 | -13.5% |
| Other amounts payable | 47/48 | €14,819 | €10,956 | -€3,863 | -26.1% |
| Accrued charges and deferred income | 492/3 | €294 | €278 | -€16 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,701 | €18,266 | +€566 | +3.2% |
| Other operating charges | 640/8 | €5,280 | €5,966 | +€687 | +13.0% |
| Non-recurring operating charges | 66A | - | €130 | +€130 | |
| Gross operating margin | 9900 | €64,068 | €66,408 | +€2,341 | +3.7% |
| Operating profit (loss) | 9901 | €41,087 | €42,046 | +€959 | +2.3% |
| Financial charges | 65/66B | €6,039 | €5,213 | -€827 | -13.7% |
| Recurring financial charges | 65 | €6,039 | €5,213 | -€827 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €35,048 | €36,833 | +€1,785 | +5.1% |
| Income taxes | 67/77 | €7,097 | €9,257 | +€2,160 | +30.4% |
| Profit (loss) for the period | 9904 | €27,951 | €27,577 | -€374 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,951 | €27,577 | -€374 | -1.3% |
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 1 November 2026 via checked.be.