GERO CONSTRUCTIONS: 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 CONSTRUCTIONS
Largest movements
- Cash -€447,540
down €447,540 (-82.8%), from €540,711 to €93,171
mainly Stocks and contracts (-€371,963) and Investment in fixed assets (net) (-€286,614)
- Stocks and contracts +€371,963
up €371,963 (+279.7%), from €133,000 to €504,963
of which Contracts in progress: +€369,963
- Receivables within one year +€260,803
up €260,803 (+35.1%), from €741,977 to €1.0m
of which Other amounts receivable: +€556,467
- Tangible fixed assets +€111,427
up €111,427 (+18.6%), from €598,438 to €709,865
of which Furniture and vehicles: +€174,022
- Trade debts +€185,084
up €185,084 (+37.1%), from €498,816 to €683,900
- Reserves +€129,930
up €129,930 (+18.4%), from €704,971 to €834,901
- Other debts -€109,256
down €109,256 (-76.1%), from €143,635 to €34,379
- Current portion of long-term debt +€55,508
up €55,508 (+46.3%), from €119,794 to €175,302
- Debts after one year +€39,536
up €39,536 (+13.8%), from €285,946 to €325,481
- Depreciation +€26,478
up €26,478 (+17.0%), from €156,142 to €182,620
- Staff costs -€14,769
down €14,769 (-5.2%), from €283,780 to €269,011
- Gross operating margin -€10,339
down €10,339 (-1.5%), from €683,282 to €672,944
- Taxes -€8,048
down €8,048 (-13.0%), from €61,972 to €53,924
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 | €2,039,146 | €2,340,795 | +€301,649 | +14.8% |
| Fixed assets | 21/28 | €612,862 | €716,856 | +€103,994 | +17.0% |
| Intangible fixed assets | 21 | €14,424 | €6,991 | -€7,433 | -51.5% |
| Tangible fixed assets | 22/27 | €598,438 | €709,865 | +€111,427 | +18.6% |
| Land and buildings | 22 | €230,680 | €214,840 | -€15,840 | -6.9% |
| Plant, machinery and equipment | 23 | €126,884 | €80,129 | -€46,755 | -36.8% |
| Furniture and vehicles | 24 | €240,874 | €414,896 | +€174,022 | +72.2% |
| Current assets | 29/58 | €1,426,283 | €1,623,939 | +€197,656 | +13.9% |
| Stocks and contracts in progress | 3 | €133,000 | €504,963 | +€371,963 | +279.7% |
| Stocks | 30/36 | €93,000 | €95,000 | +€2,000 | +2.2% |
| Contracts in progress | 37 | €40,000 | €409,963 | +€369,963 | +924.9% |
| Amounts receivable within one year | 40/41 | €741,977 | €1,002,780 | +€260,803 | +35.1% |
| Trade receivables | 40 | €666,977 | €371,312 | -€295,664 | -44.3% |
| Other amounts receivable | 41 | €75,000 | €631,467 | +€556,467 | +742.0% |
| Cash at bank and in hand | 54/58 | €540,711 | €93,171 | -€447,540 | -82.8% |
| Deferred charges and accrued income | 490/1 | €10,595 | €23,025 | +€12,430 | +117.3% |
| Total equity and liabilities | 10/49 | €2,039,146 | €2,340,795 | +€301,649 | +14.8% |
| Equity | 10/15 | €723,571 | €853,501 | +€129,930 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €704,971 | €834,901 | +€129,930 | +18.4% |
| Distributable reserves | 133 | €704,971 | €834,901 | +€129,930 | +18.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,315,574 | €1,487,294 | +€171,719 | +13.1% |
| Amounts payable after more than one year | 17 | €285,946 | €325,481 | +€39,536 | +13.8% |
| Financial debts | 170/4 | €285,946 | €325,481 | +€39,536 | +13.8% |
| Amounts payable within one year | 42/48 | €1,025,151 | €1,161,812 | +€136,662 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €119,794 | €175,302 | +€55,508 | +46.3% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €498,816 | €683,900 | +€185,084 | +37.1% |
| Suppliers | 440/4 | €498,816 | €683,900 | +€185,084 | +37.1% |
| Advances received on contracts in progress | 46 | €252 | €0 | -€252 | -100.0% |
| Taxes, remuneration and social security | 45 | €62,654 | €68,232 | +€5,578 | +8.9% |
| Taxes | 450/3 | €22,118 | €38,531 | +€16,414 | +74.2% |
| Remuneration and social security | 454/9 | €40,537 | €29,701 | -€10,836 | -26.7% |
| Other amounts payable | 47/48 | €143,635 | €34,379 | -€109,256 | -76.1% |
| Accrued charges and deferred income | 492/3 | €4,478 | €0 | -€4,478 | -100.0% |
| Remuneration, social security and pensions | 62 | €283,780 | €269,011 | -€14,769 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,142 | €182,620 | +€26,478 | +17.0% |
| Other operating charges | 640/8 | €4,336 | €7,669 | +€3,333 | +76.8% |
| Gross operating margin | 9900 | €683,282 | €672,944 | -€10,339 | -1.5% |
| Operating profit (loss) | 9901 | €239,024 | €213,644 | -€25,380 | -10.6% |
| Financial income | 75/76B | €1,115 | €546 | -€569 | -51.0% |
| Recurring financial income | 75 | €1,115 | €546 | -€569 | -51.0% |
| Financial charges | 65/66B | €33,653 | €30,336 | -€3,317 | -9.9% |
| Recurring financial charges | 65 | €33,653 | €30,336 | -€3,317 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €206,485 | €183,854 | -€22,632 | -11.0% |
| Income taxes | 67/77 | €61,972 | €53,924 | -€8,048 | -13.0% |
| Profit (loss) for the period | 9904 | €144,514 | €129,930 | -€14,584 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,514 | €129,930 | -€14,584 | -10.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.