GERO VASTGOED: 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 VASTGOED
Largest movements
- Receivables within one year +€36,110
up €36,110 (+492%), from €7,346 to €43,456
of which Trade receivables: +€43,456
- Reserves +€49,893
up €49,893 (+16.0%), from €311,274 to €361,167
- Debts after one year -€20,426
down €20,426 (-18.9%), from €108,150 to €87,724
- Tax, wage and social debts +€11,828
up €11,828, from €0 to €11,828
- Other debts -€11,654
down €11,654 (-5.1%), from €228,921 to €217,267
- Trade debts +€8,931
up €8,931 (+165%), from €5,423 to €14,354
- Gross operating margin -€12,958
down €12,958 (-15.2%), from €85,527 to €72,569
- Taxes -€3,474
down €3,474 (-15.5%), from €22,461 to €18,987
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 | €679,995 | €718,966 | +€38,971 | +5.7% |
| Fixed assets | 21/28 | €600,000 | €600,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €150,000 | €150,000 | = | 0.0% |
| Land and buildings | 22 | €150,000 | €150,000 | = | 0.0% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €79,995 | €118,966 | +€38,971 | +48.7% |
| Amounts receivable within one year | 40/41 | €7,346 | €43,456 | +€36,110 | +492% |
| Trade receivables | 40 | €0 | €43,456 | +€43,456 | |
| Other amounts receivable | 41 | €7,346 | €0 | -€7,346 | -100% |
| Cash at bank and in hand | 54/58 | €72,649 | €75,510 | +€2,861 | +3.9% |
| Total equity and liabilities | 10/49 | €679,995 | €718,966 | +€38,971 | +5.7% |
| Equity | 10/15 | €317,474 | €367,367 | +€49,893 | +15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €311,274 | €361,167 | +€49,893 | +16.0% |
| Distributable reserves | 133 | €311,274 | €361,167 | +€49,893 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €362,521 | €351,599 | -€10,922 | -3.0% |
| Amounts payable after more than one year | 17 | €108,150 | €87,724 | -€20,426 | -18.9% |
| Financial debts | 170/4 | €108,150 | €87,724 | -€20,426 | -18.9% |
| Amounts payable within one year | 42/48 | €254,371 | €263,876 | +€9,504 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €20,027 | €20,426 | +€400 | +2.0% |
| Trade debts | 44 | €5,423 | €14,354 | +€8,931 | +165% |
| Suppliers | 440/4 | €5,423 | €14,354 | +€8,931 | +165% |
| Taxes, remuneration and social security | 45 | €0 | €11,828 | +€11,828 | |
| Taxes | 450/3 | €0 | €11,828 | +€11,828 | |
| Other amounts payable | 47/48 | €228,921 | €217,267 | -€11,654 | -5.1% |
| Other operating charges | 640/8 | €743 | €765 | +€22 | +3.0% |
| Gross operating margin | 9900 | €85,527 | €72,569 | -€12,958 | -15.2% |
| Operating profit (loss) | 9901 | €84,783 | €71,803 | -€12,980 | -15.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,889 | €2,924 | +€35 | +1.2% |
| Recurring financial charges | 65 | €2,889 | €2,924 | +€35 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €81,895 | €68,879 | -€13,015 | -15.9% |
| Income taxes | 67/77 | €22,461 | €18,987 | -€3,474 | -15.5% |
| Profit (loss) for the period | 9904 | €59,434 | €49,893 | -€9,541 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,434 | €49,893 | -€9,541 | -16.1% |
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 30 October 2026 via checked.be.