GERO - INVEST: 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.
What changed
GERO - INVEST
NACE 24.510, Manufacture of basic metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€65,329
2024 · -€61,308-€4,021
Equity
€925,033
2024 · €990,362-€65,329
Cash
€643,099
2024 · €770,791-€127,692
Balance sheet total
€1.8m
2024 · €1.9m-€127,611
Largest movements
Assets
- Cash -€127,692
down €127,692 (-16.6%), from €770,791 to €643,099
mainly Debts after one year (-€125,000) and Net result for the year (-€65,329)
Equity and liabilities
- Debts after one year -€125,000
down €125,000 (-28.6%), from €436,637 to €311,637
- Trade debts +€58,816
up €58,816 (+820%), from €7,177 to €65,993
- Profit (loss) carried forward -€57,168
down €57,168 (-79.0%), from -€72,352 to -€129,520
Income statement
- Other operating charges +€15,873
up €15,873 (+195%), from €8,132 to €24,005
- Depreciation -€12,921
down €12,921 (-23.2%), from €55,779 to €42,858
- Gross operating margin -€994
down €994 (-26.0%), from -€3,823 to -€4,817
- Taxes +€68
up €68 (+20.6%), from €328 to €396
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.
Result 2024
-€61,308
Gross operating margin
-€994
Depreciation
+€12,921
Other operating charges
-€15,873
Financial income
-€4
Financial charges
-€4
Taxes
-€68
Result 2025
-€65,329
raises the resultlowers the result
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.
From operations
+€26,292
Investment
-€28,984
Financing
-€125,000
Cash 2024
€770,791
From operations (derived)
+€26,292
Net result for the year
-€65,329
Depreciation
+€42,858
Receivables within one year
-€13,564
Deferred charges and accrued income
-€390
Provisions
-€2,724
Trade debts
+€58,816
Tax, wage and social debts
-€1,570
Other debts
+€9,046
Accrued charges and deferred income
-€850
Investment (derived)
-€28,984
Investment in fixed assets (net)
-€28,984
Financing
-€125,000
Debts after one year
-€125,000
Cash 2025
€643,099
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,905,596 | €1,777,985 | -€127,611 | -6.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €828,247 | €814,373 | -€13,874 | -1.7% |
| Tangible fixed assets | 22/27 | €828,220 | €814,347 | -€13,874 | -1.7% |
| Land and buildings | 22 | €824,666 | €812,166 | -€12,500 | -1.5% |
| Furniture and vehicles | 24 | €3,554 | €2,181 | -€1,374 | -38.6% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €1,077,350 | €963,612 | -€113,738 | -10.6% |
| Amounts receivable within one year | 40/41 | €306,559 | €320,123 | +€13,564 | +4.4% |
| Trade receivables | 40 | €303,872 | €316,778 | +€12,906 | +4.2% |
| Other amounts receivable | 41 | €2,687 | €3,345 | +€658 | +24.5% |
| Cash at bank and in hand | 54/58 | €770,791 | €643,099 | -€127,692 | -16.6% |
| Deferred charges and accrued income | 490/1 | - | €390 | +€390 | |
| Total equity and liabilities | 10/49 | €1,905,596 | €1,777,985 | -€127,611 | -6.7% |
| Equity | 10/15 | €990,362 | €925,033 | -€65,329 | -6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,000,715 | €992,553 | -€8,162 | -0.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €447,264 | €439,102 | -€8,162 | -1.8% |
| Distributable reserves | 133 | €547,251 | €547,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,352 | -€129,520 | -€57,168 | -79.0% |
| Provisions and deferred taxes | 16 | €148,882 | €146,158 | -€2,724 | -1.8% |
| Deferred taxes | 168 | €148,882 | €146,158 | -€2,724 | -1.8% |
| Amounts payable | 17/49 | €766,352 | €706,794 | -€59,558 | -7.8% |
| Amounts payable after more than one year | 17 | €436,637 | €311,637 | -€125,000 | -28.6% |
| Other amounts payable | 178/9 | €436,637 | €311,637 | -€125,000 | -28.6% |
| Amounts payable within one year | 42/48 | €328,865 | €395,157 | +€66,292 | +20.2% |
| Trade debts | 44 | €7,177 | €65,993 | +€58,816 | +820% |
| Suppliers | 440/4 | €7,177 | €65,993 | +€58,816 | +820% |
| Taxes, remuneration and social security | 45 | €2,344 | €774 | -€1,570 | -67.0% |
| Taxes | 450/3 | €2,344 | €774 | -€1,570 | -67.0% |
| Other amounts payable | 47/48 | €319,344 | €328,390 | +€9,046 | +2.8% |
| Accrued charges and deferred income | 492/3 | €850 | - | -€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,779 | €42,858 | -€12,921 | -23.2% |
| Other operating charges | 640/8 | €8,132 | €24,005 | +€15,873 | +195% |
| Gross operating margin | 9900 | -€3,823 | -€4,817 | -€994 | -26.0% |
| Operating profit (loss) | 9901 | -€67,733 | -€71,679 | -€3,946 | -5.8% |
| Financial income | 75/76B | €4,201 | €4,198 | -€4 | -0.1% |
| Recurring financial income | 75 | €4,201 | €4,198 | -€4 | -0.1% |
| Financial charges | 65/66B | €172 | €176 | +€4 | +2.4% |
| Recurring financial charges | 65 | €172 | €176 | +€4 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€63,704 | -€67,658 | -€3,954 | -6.2% |
| Transfer from deferred taxes | 780 | €2,724 | €2,724 | = | 0.0% |
| Income taxes | 67/77 | €328 | €396 | +€68 | +20.6% |
| Profit (loss) for the period | 9904 | -€61,308 | -€65,329 | -€4,021 | -6.6% |
| Transfer from tax-exempt reserves | 789 | €8,162 | €8,162 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,146 | -€57,168 | -€4,021 | -7.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.