GÈRNOAZE: 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.
GÈRNOAZE
Largest movements
- Cash +€74,029
up €74,029 (+31.0%), from €239,024 to €313,053
mainly Net result for the year (+€148,574) and Depreciation (+€1,874)
- Receivables within one year +€34,043
up €34,043 (+187.8%), from €18,122 to €52,165
of which Other amounts receivable: +€31,159
- Profit (loss) carried forward +€148,574
up €148,574 (+71.9%), from €206,714 to €355,288
- Tax, wage and social debts -€42,650
no longer reported in 2025 (was €42,650)
- Gross operating margin +€4,017
up €4,017 (+2.1%), from €190,035 to €194,052
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 | €260,301 | €365,973 | +€105,672 | +40.6% |
| Fixed assets | 21/28 | €2,629 | €755 | -€1,874 | -71.3% |
| Tangible fixed assets | 22/27 | €2,629 | €755 | -€1,874 | -71.3% |
| Furniture and vehicles | 24 | €2,629 | €755 | -€1,874 | -71.3% |
| Current assets | 29/58 | €257,672 | €365,218 | +€107,546 | +41.7% |
| Amounts receivable within one year | 40/41 | €18,122 | €52,165 | +€34,043 | +187.8% |
| Trade receivables | 40 | €17,543 | €20,426 | +€2,883 | +16.4% |
| Other amounts receivable | 41 | €579 | €31,739 | +€31,159 | +5379.1% |
| Cash at bank and in hand | 54/58 | €239,024 | €313,053 | +€74,029 | +31.0% |
| Deferred charges and accrued income | 490/1 | €526 | - | -€526 | |
| Total equity and liabilities | 10/49 | €260,301 | €365,973 | +€105,672 | +40.6% |
| Equity | 10/15 | €209,714 | €358,288 | +€148,574 | +70.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,714 | €355,288 | +€148,574 | +71.9% |
| Amounts payable | 17/49 | €50,587 | €7,684 | -€42,903 | -84.8% |
| Amounts payable within one year | 42/48 | €50,587 | €7,684 | -€42,903 | -84.8% |
| Trade debts | 44 | €3,066 | €1,514 | -€1,551 | -50.6% |
| Suppliers | 440/4 | €3,066 | €1,514 | -€1,551 | -50.6% |
| Taxes, remuneration and social security | 45 | €42,650 | - | -€42,650 | |
| Taxes | 450/3 | €42,650 | - | -€42,650 | |
| Other amounts payable | 47/48 | €4,871 | €6,170 | +€1,299 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €966 | €1,874 | +€908 | +94.0% |
| Gross operating margin | 9900 | €190,035 | €194,052 | +€4,017 | +2.1% |
| Operating profit (loss) | 9901 | €189,069 | €192,178 | +€3,109 | +1.6% |
| Financial charges | 65/66B | €89 | €112 | +€24 | +26.9% |
| Recurring financial charges | 65 | €89 | €112 | +€24 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €188,980 | €192,066 | +€3,086 | +1.6% |
| Income taxes | 67/77 | €42,625 | €43,492 | +€867 | +2.0% |
| Profit (loss) for the period | 9904 | €146,355 | €148,574 | +€2,219 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,355 | €148,574 | +€2,219 | +1.5% |
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.