GERO: 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.
GERO
Largest movements
- Tangible fixed assets +€260,627
up €260,627 (+418.0%), from €62,353 to €322,981
of which Land and buildings: +€280,581
- Cash -€139,707
down €139,707 (-14.3%), from €979,601 to €839,894
- Receivables within one year -€111,790
down €111,790 (-75.5%), from €148,120 to €36,329
of which Trade receivables: -€123,538
- Reserves +€126,308
up €126,308 (+12.0%), from €1.1m to €1.2m
of which Distributable reserves: +€128,167
- Tax, wage and social debts -€80,076
down €80,076 (-99.7%), from €80,277 to €202
of which Taxes: -€65,872
- Trade debts -€44,098
down €44,098 (-99.8%), from €44,193 to €95
- Gross operating margin -€258,210
down €258,210 (-43.9%), from €587,814 to €329,605
- Taxes -€90,369
down €90,369 (-55.9%), from €161,642 to €71,274
- Depreciation +€74,482
up €74,482 (+1260.3%), from €5,910 to €80,392
- Staff costs -€56,169
down €56,169 (-88.9%), from €63,177 to €7,008
From the 2023 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,205,054 | €1,205,671 | +€617 | +0.1% |
| Fixed assets | 21/28 | €64,413 | €325,041 | +€260,627 | +404.6% |
| Tangible fixed assets | 22/27 | €62,353 | €322,981 | +€260,627 | +418.0% |
| Land and buildings | 22 | - | €280,581 | +€280,581 | |
| Plant, machinery and equipment | 23 | €700 | €1,488 | +€788 | +112.5% |
| Furniture and vehicles | 24 | €61,653 | €40,912 | -€20,741 | -33.6% |
| Financial fixed assets | 28 | €2,060 | €2,060 | = | 0.0% |
| Current assets | 29/58 | €1,140,641 | €880,630 | -€260,010 | -22.8% |
| Stocks and contracts in progress | 3 | €4,751 | - | -€4,751 | |
| Stocks | 30/36 | €4,751 | - | -€4,751 | |
| Amounts receivable within one year | 40/41 | €148,120 | €36,329 | -€111,790 | -75.5% |
| Trade receivables | 40 | €148,078 | €24,540 | -€123,538 | -83.4% |
| Other amounts receivable | 41 | €41 | €11,789 | +€11,748 | +28506.8% |
| Cash at bank and in hand | 54/58 | €979,601 | €839,894 | -€139,707 | -14.3% |
| Deferred charges and accrued income | 490/1 | €8,169 | €4,407 | -€3,762 | -46.1% |
| Total equity and liabilities | 10/49 | €1,205,054 | €1,205,671 | +€617 | +0.1% |
| Equity | 10/15 | €1,074,932 | €1,201,240 | +€126,308 | +11.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,056,340 | €1,182,648 | +€126,308 | +12.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €1,054,481 | €1,182,648 | +€128,167 | +12.2% |
| Amounts payable | 17/49 | €130,122 | €4,431 | -€125,691 | -96.6% |
| Amounts payable within one year | 42/48 | €129,970 | €542 | -€129,428 | -99.6% |
| Trade debts | 44 | €44,193 | €95 | -€44,098 | -99.8% |
| Suppliers | 440/4 | €44,193 | €95 | -€44,098 | -99.8% |
| Taxes, remuneration and social security | 45 | €80,277 | €202 | -€80,076 | -99.7% |
| Taxes | 450/3 | €66,073 | €202 | -€65,872 | -99.7% |
| Remuneration and social security | 454/9 | €14,204 | - | -€14,204 | |
| Other amounts payable | 47/48 | €5,500 | €245 | -€5,254 | -95.5% |
| Accrued charges and deferred income | 492/3 | €152 | €3,889 | +€3,737 | +2458.5% |
| Non-recurring operating income | 76A | €2,000 | €14,075 | +€12,075 | +603.7% |
| Remuneration, social security and pensions | 62 | €63,177 | €7,008 | -€56,169 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,910 | €80,392 | +€74,482 | +1260.3% |
| Other operating charges | 640/8 | €1,566 | €4,707 | +€3,141 | +200.6% |
| Gross operating margin | 9900 | €587,814 | €329,605 | -€258,210 | -43.9% |
| Operating profit (loss) | 9901 | €517,162 | €237,498 | -€279,664 | -54.1% |
| Financial income | 75/76B | €600 | €60 | -€540 | -90.0% |
| Recurring financial income | 75 | €600 | €60 | -€540 | -90.0% |
| Financial charges | 65/66B | €1,071 | €614 | -€456 | -42.6% |
| Recurring financial charges | 65 | €1,071 | €614 | -€456 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €516,692 | €236,944 | -€279,748 | -54.1% |
| Income taxes | 67/77 | €161,642 | €71,274 | -€90,369 | -55.9% |
| Profit (loss) for the period | 9904 | €355,049 | €165,670 | -€189,379 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €355,049 | €165,670 | -€189,379 | -53.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.