GERNIS: 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.
GERNIS
Largest movements
- Tangible fixed assets -€10,250
down €10,250 (-41.3%), from €24,806 to €14,556
- Receivables within one year -€9,523
down €9,523 (-18.0%), from €52,807 to €43,284
of which Trade receivables: -€19,252
- Deferred charges and accrued income +€5,443
up €5,443 (+90.3%), from €6,025 to €11,468
- Cash -€3,584
down €3,584 (-81.8%), from €4,379 to €795
mainly Tax, wage and social debts (-€10,327) and Current portion of long-term debt (-€5,936)
- Tax, wage and social debts -€10,327
down €10,327 (-55.2%), from €18,718 to €8,391
- Current portion of long-term debt -€5,936
down €5,936 (-83.6%), from €7,105 to €1,169
- Trade debts -€4,792
down €4,792 (-62.3%), from €7,694 to €2,901
- Short-term financial debts +€3,051
new in 2025: €3,051
- Debts after one year -€1,169
down €1,169 (-100%), from €1,169 to €0
- Gross operating margin +€5,540
up €5,540 (+38.3%), from €14,468 to €20,008
- Financial charges +€1,987
up €1,987 (+60.8%), from €3,270 to €5,257
- Depreciation +€1,070
up €1,070 (+11.7%), from €9,179 to €10,250
- Financial income +€620
up €620 (+48.1%), from €1,291 to €1,911
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 | €88,017 | €70,103 | -€17,914 | -20.4% |
| Fixed assets | 21/28 | €24,806 | €14,556 | -€10,250 | -41.3% |
| Tangible fixed assets | 22/27 | €24,806 | €14,556 | -€10,250 | -41.3% |
| Plant, machinery and equipment | 23 | €9,038 | €6,348 | -€2,690 | -29.8% |
| Furniture and vehicles | 24 | €3,233 | €1,816 | -€1,417 | -43.8% |
| Leasing and similar rights | 25 | €5,420 | €618 | -€4,802 | -88.6% |
| Other tangible fixed assets | 26 | €7,114 | €5,773 | -€1,341 | -18.8% |
| Current assets | 29/58 | €63,211 | €55,547 | -€7,664 | -12.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €52,807 | €43,284 | -€9,523 | -18.0% |
| Trade receivables | 40 | €29,480 | €10,228 | -€19,252 | -65.3% |
| Other amounts receivable | 41 | €23,327 | €33,056 | +€9,729 | +41.7% |
| Cash at bank and in hand | 54/58 | €4,379 | €795 | -€3,584 | -81.8% |
| Deferred charges and accrued income | 490/1 | €6,025 | €11,468 | +€5,443 | +90.3% |
| Total equity and liabilities | 10/49 | €88,017 | €70,103 | -€17,914 | -20.4% |
| Equity | 10/15 | €53,283 | €53,921 | +€638 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,683 | €35,321 | +€638 | +1.8% |
| Distributable reserves | 133 | €34,683 | €35,321 | +€638 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €34,734 | €16,182 | -€18,552 | -53.4% |
| Amounts payable after more than one year | 17 | €1,169 | €0 | -€1,169 | -100% |
| Financial debts | 170/4 | €1,169 | €0 | -€1,169 | -100% |
| Amounts payable within one year | 42/48 | €33,565 | €16,182 | -€17,383 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €7,105 | €1,169 | -€5,936 | -83.6% |
| Financial debts | 43 | - | €3,051 | +€3,051 | |
| Credit institutions | 430/8 | - | €3,051 | +€3,051 | |
| Trade debts | 44 | €7,694 | €2,901 | -€4,792 | -62.3% |
| Suppliers | 440/4 | €7,694 | €2,901 | -€4,792 | -62.3% |
| Taxes, remuneration and social security | 45 | €18,718 | €8,391 | -€10,327 | -55.2% |
| Taxes | 450/3 | €18,718 | €8,391 | -€10,327 | -55.2% |
| Other amounts payable | 47/48 | €48 | €670 | +€621 | +1,284% |
| Non-recurring operating income | 76A | €331 | €0 | -€331 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,179 | €10,250 | +€1,070 | +11.7% |
| Other operating charges | 640/8 | €1,017 | €1,162 | +€145 | +14.2% |
| Non-recurring operating charges | 66A | - | €2,749 | +€2,749 | |
| Gross operating margin | 9900 | €14,468 | €20,008 | +€5,540 | +38.3% |
| Operating profit (loss) | 9901 | €4,271 | €5,848 | +€1,576 | +36.9% |
| Financial income | 75/76B | €1,291 | €1,911 | +€620 | +48.1% |
| Recurring financial income | 75 | €1,291 | €1,911 | +€620 | +48.1% |
| Financial charges | 65/66B | €3,270 | €5,257 | +€1,987 | +60.8% |
| Recurring financial charges | 65 | €3,270 | €5,257 | +€1,987 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | €2,292 | €2,501 | +€209 | +9.1% |
| Income taxes | 67/77 | €1,859 | €1,863 | +€4 | +0.2% |
| Profit (loss) for the period | 9904 | €433 | €638 | +€205 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €433 | €638 | +€205 | +47.3% |
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 15 October 2026 via checked.be.