GERO HOLDING: 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 HOLDING
Largest movements
- Current investments +€6.7m
up €6.7m (+68.7%), from €9.8m to €16.5m
- Cash -€5.2m
down €5.2m (-86.4%), from €6.1m to €824,286
mainly Current investments (-€6.7m) and Contributions, distributions and other (-€2.0m)
- Profit (loss) carried forward -€2.0m
down €2.0m (-16.1%), from €12.3m to €10.4m
- Other debts +€2.0m
up €2.0m (+1,144%), from €173,054 to €2.2m
- Reserves +€1.3m
up €1.3m (+38.4%), from €3.5m to €4.9m
- Financial income +€1.2m
up €1.2m (+119%), from €988,442 to €2.2m
- Financial charges +€320,610
up €320,610 (+2,177%), from €14,726 to €335,336
- Taxes +€295,106
up €295,106 (+342%), from €86,405 to €381,511
- Gross operating margin -€81,711
down €81,711 (-1,048%), from -€7,796 to -€89,507
- Other operating charges +€2,496
up €2,496 (+24.7%), from €10,106 to €12,602
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 | €16,127,535 | €17,523,398 | +€1.4m | +8.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €172,649 | €172,649 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,809 | €3,809 | = | 0.0% |
| Furniture and vehicles | 24 | €3,809 | €3,809 | = | 0.0% |
| Financial fixed assets | 28 | €168,840 | €168,840 | = | 0.0% |
| Current assets | 29/58 | €15,954,886 | €17,350,748 | +€1.4m | +8.7% |
| Amounts receivable within one year | 40/41 | €87,981 | €0 | -€87,981 | -100% |
| Other amounts receivable | 41 | €87,981 | €0 | -€87,981 | -100% |
| Current investments | 50/53 | €9,793,460 | €16,526,462 | +€6.7m | +68.7% |
| Cash at bank and in hand | 54/58 | €6,073,444 | €824,286 | -€5.2m | -86.4% |
| Total equity and liabilities | 10/49 | €16,127,535 | €17,523,398 | +€1.4m | +8.7% |
| Equity | 10/15 | €15,865,785 | €15,233,186 | -€632,599 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,512,801 | €4,860,202 | +€1.3m | +38.4% |
| Distributable reserves | 133 | €3,512,801 | €4,860,202 | +€1.3m | +38.4% |
| Profit (loss) carried forward | 14 | €12,334,384 | €10,354,384 | -€2.0m | -16.1% |
| Amounts payable | 17/49 | €261,750 | €2,290,212 | +€2.0m | +775% |
| Amounts payable within one year | 42/48 | €260,119 | €2,288,835 | +€2.0m | +780% |
| Trade debts | 44 | €173 | €1,041 | +€868 | +501% |
| Suppliers | 440/4 | €173 | €1,041 | +€868 | +501% |
| Taxes, remuneration and social security | 45 | €86,892 | €134,740 | +€47,848 | +55.1% |
| Taxes | 450/3 | €86,892 | €134,740 | +€47,848 | +55.1% |
| Other amounts payable | 47/48 | €173,054 | €2,153,054 | +€2.0m | +1,144% |
| Accrued charges and deferred income | 492/3 | €1,631 | €1,377 | -€253 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | - | -€484 | |
| Other operating charges | 640/8 | €10,106 | €12,602 | +€2,496 | +24.7% |
| Gross operating margin | 9900 | -€7,796 | -€89,507 | -€81,711 | -1,048% |
| Operating profit (loss) | 9901 | -€18,386 | -€102,109 | -€83,723 | -455% |
| Financial income | 75/76B | €988,442 | €2,166,358 | +€1.2m | +119% |
| Recurring financial income | 75 | €988,442 | €2,166,358 | +€1.2m | +119% |
| Financial charges | 65/66B | €14,726 | €335,336 | +€320,610 | +2,177% |
| Recurring financial charges | 65 | €14,726 | €335,336 | +€320,610 | +2,177% |
| Profit (loss) for the period before taxes | 9903 | €955,330 | €1,728,912 | +€773,583 | +81.0% |
| Income taxes | 67/77 | €86,405 | €381,511 | +€295,106 | +342% |
| Profit (loss) for the period | 9904 | €868,925 | €1,347,401 | +€478,476 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €868,925 | €1,347,401 | +€478,476 | +55.1% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.