GERMOPARO: 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.
GERMOPARO
Largest movements
- Current investments +€242,155
up €242,155 (+121.0%), from €200,091 to €442,247
- Deferred charges and accrued income +€10,110
up €10,110 (+362.5%), from €2,789 to €12,900
- Reserves +€196,344
up €196,344 (+122.8%), from €159,865 to €356,210
- Tax, wage and social debts +€53,390
up €53,390 (+116.7%), from €45,743 to €99,133
- Gross operating margin +€82,852
up €82,852 (+47.3%), from €175,166 to €258,018
- Taxes +€21,495
up €21,495 (+55.3%), from €38,877 to €60,372
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 | €219,219 | €468,432 | +€249,213 | +113.7% |
| Fixed assets | 21/28 | €3,395 | €3,259 | -€136 | -4.0% |
| Tangible fixed assets | 22/27 | €3,395 | €3,259 | -€136 | -4.0% |
| Plant, machinery and equipment | 23 | €3,395 | €1,858 | -€1,537 | -45.3% |
| Furniture and vehicles | 24 | - | €1,400 | +€1,400 | |
| Current assets | 29/58 | €215,824 | €465,173 | +€249,349 | +115.5% |
| Current investments | 50/53 | €200,091 | €442,247 | +€242,155 | +121.0% |
| Cash at bank and in hand | 54/58 | €12,943 | €10,026 | -€2,917 | -22.5% |
| Deferred charges and accrued income | 490/1 | €2,789 | €12,900 | +€10,110 | +362.5% |
| Total equity and liabilities | 10/49 | €219,219 | €468,432 | +€249,213 | +113.7% |
| Equity | 10/15 | €161,865 | €358,210 | +€196,344 | +121.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €159,865 | €356,210 | +€196,344 | +122.8% |
| Distributable reserves | 133 | €159,865 | €356,210 | +€196,344 | +122.8% |
| Amounts payable | 17/49 | €57,353 | €110,222 | +€52,869 | +92.2% |
| Amounts payable within one year | 42/48 | €57,353 | €110,222 | +€52,869 | +92.2% |
| Trade debts | 44 | €571 | €607 | +€36 | +6.2% |
| Suppliers | 440/4 | €571 | €607 | +€36 | +6.2% |
| Taxes, remuneration and social security | 45 | €45,743 | €99,133 | +€53,390 | +116.7% |
| Taxes | 450/3 | €45,743 | €99,133 | +€53,390 | +116.7% |
| Other amounts payable | 47/48 | €11,039 | €10,483 | -€557 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,537 | €1,645 | +€109 | +7.1% |
| Other operating charges | 640/8 | €64 | €0 | -€64 | -100.0% |
| Gross operating margin | 9900 | €175,166 | €258,018 | +€82,852 | +47.3% |
| Operating profit (loss) | 9901 | €173,566 | €256,373 | +€82,807 | +47.7% |
| Financial income | 75/76B | €91 | €1,188 | +€1,096 | +1198.0% |
| Recurring financial income | 75 | €91 | €1,188 | +€1,096 | +1198.0% |
| Financial charges | 65/66B | €833 | €844 | +€11 | +1.3% |
| Recurring financial charges | 65 | €833 | €844 | +€11 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €172,824 | €256,716 | +€83,892 | +48.5% |
| Income taxes | 67/77 | €38,877 | €60,372 | +€21,495 | +55.3% |
| Profit (loss) for the period | 9904 | €133,947 | €196,344 | +€62,397 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €133,947 | €196,344 | +€62,397 | +46.6% |
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 4 October 2026 via checked.be.