GERO: 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.
GERO
Largest movements
- Receivables within one year +€12,508
up €12,508 (+25.8%), from €48,558 to €61,066
of which Other amounts receivable: +€14,039
- Deferred charges and accrued income +€5,885
up €5,885 (+155%), from €3,807 to €9,692
- Tangible fixed assets -€2,532
down €2,532 (-42.8%), from €5,919 to €3,387
of which Furniture and vehicles: -€2,493
- Trade debts +€22,787
up €22,787 (+1,024%), from €2,225 to €25,011
- Reserves -€3,835
down €3,835 (-8.1%), from €47,386 to €43,551
- Tax, wage and social debts -€2,553
down €2,553 (-15.7%), from €16,292 to €13,739
- Financial charges +€6,670
up €6,670 (+1,278%), from €522 to €7,191
- Gross operating margin -€3,369
down €3,369 (-35.5%), from €9,484 to €6,115
- Depreciation -€1,070
down €1,070 (-29.7%), from €3,602 to €2,532
- Other operating charges -€1,006
down €1,006 (-59.1%), from €1,703 to €697
- Financial income +€895
up €895 (+321%), from €278 to €1,174
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 | €69,361 | €85,301 | +€15,941 | +23.0% |
| Fixed assets | 21/28 | €5,919 | €3,387 | -€2,532 | -42.8% |
| Tangible fixed assets | 22/27 | €5,919 | €3,387 | -€2,532 | -42.8% |
| Plant, machinery and equipment | 23 | €39 | €0 | -€39 | -100% |
| Furniture and vehicles | 24 | €5,880 | €3,387 | -€2,493 | -42.4% |
| Current assets | 29/58 | €63,441 | €81,914 | +€18,473 | +29.1% |
| Amounts receivable within one year | 40/41 | €48,558 | €61,066 | +€12,508 | +25.8% |
| Trade receivables | 40 | €40,981 | €39,450 | -€1,531 | -3.7% |
| Other amounts receivable | 41 | €7,577 | €21,616 | +€14,039 | +185% |
| Cash at bank and in hand | 54/58 | €11,076 | €11,156 | +€80 | +0.7% |
| Deferred charges and accrued income | 490/1 | €3,807 | €9,692 | +€5,885 | +155% |
| Total equity and liabilities | 10/49 | €69,361 | €85,301 | +€15,941 | +23.0% |
| Equity | 10/15 | €50,386 | €46,551 | -€3,835 | -7.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,386 | €43,551 | -€3,835 | -8.1% |
| Distributable reserves | 133 | €47,386 | €43,551 | -€3,835 | -8.1% |
| Amounts payable | 17/49 | €18,974 | €38,750 | +€19,776 | +104% |
| Amounts payable within one year | 42/48 | €18,517 | €38,750 | +€20,233 | +109% |
| Trade debts | 44 | €2,225 | €25,011 | +€22,787 | +1,024% |
| Suppliers | 440/4 | €2,225 | €25,011 | +€22,787 | +1,024% |
| Taxes, remuneration and social security | 45 | €16,292 | €13,739 | -€2,553 | -15.7% |
| Taxes | 450/3 | €16,292 | €13,739 | -€2,553 | -15.7% |
| Accrued charges and deferred income | 492/3 | €457 | €0 | -€457 | -100% |
| Non-recurring operating income | 76A | €8,930 | €0 | -€8,930 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,602 | €2,532 | -€1,070 | -29.7% |
| Other operating charges | 640/8 | €1,703 | €697 | -€1,006 | -59.1% |
| Gross operating margin | 9900 | €9,484 | €6,115 | -€3,369 | -35.5% |
| Operating profit (loss) | 9901 | €4,179 | €2,886 | -€1,293 | -30.9% |
| Financial income | 75/76B | €278 | €1,174 | +€895 | +321% |
| Recurring financial income | 75 | €278 | €1,174 | +€895 | +321% |
| Financial charges | 65/66B | €522 | €7,191 | +€6,670 | +1,278% |
| Recurring financial charges | 65 | €522 | €7,191 | +€6,670 | +1,278% |
| Profit (loss) for the period before taxes | 9903 | €3,936 | -€3,132 | -€7,068 | |
| Income taxes | 67/77 | €1,233 | €703 | -€530 | -43.0% |
| Profit (loss) for the period | 9904 | €2,703 | -€3,835 | -€6,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,703 | -€3,835 | -€6,538 |
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 22 October 2026 via checked.be.