GERODA: 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.
GERODA
Largest movements
- Cash -€47,356
down €47,356 (-46.7%), from €101,401 to €54,045
mainly Debts after one year (-€81,659) and Deferred charges and accrued income (-€3,426)
- Tangible fixed assets -€17,467
down €17,467 (-70.1%), from €24,934 to €7,467
of which Furniture and vehicles: -€9,699
- Deferred charges and accrued income +€3,426
new in 2025: €3,426
- Debts after one year -€81,659
down €81,659 (-60.5%), from €134,967 to €53,308
- Profit (loss) carried forward +€11,862
up €11,862 (+33.6%), from -€35,263 to -€23,401
- Trade debts +€5,810
up €5,810 (+1,814%), from €320 to €6,130
- Tax, wage and social debts +€2,701
up €2,701 (+55.7%), from €4,849 to €7,550
of which Remuneration and social security: +€2,359
- Gross operating margin +€22,195
up €22,195 (+294%), from €7,552 to €29,746
- Depreciation -€3,899
down €3,899 (-18.2%), from €21,366 to €17,467
- Financial income +€641
up €641 (+133,633%), from €0 to €642
- Financial charges -€356
down €356 (-83.2%), from €429 to €72
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 | €126,335 | €65,048 | -€61,287 | -48.5% |
| Fixed assets | 21/28 | €24,934 | €7,467 | -€17,467 | -70.1% |
| Tangible fixed assets | 22/27 | €24,934 | €7,467 | -€17,467 | -70.1% |
| Plant, machinery and equipment | 23 | €15,235 | €7,467 | -€7,768 | -51.0% |
| Furniture and vehicles | 24 | €9,699 | €0 | -€9,699 | -100% |
| Current assets | 29/58 | €101,401 | €57,581 | -€43,820 | -43.2% |
| Amounts receivable within one year | 40/41 | €0 | €110 | +€110 | |
| Other amounts receivable | 41 | €0 | €110 | +€110 | |
| Cash at bank and in hand | 54/58 | €101,401 | €54,045 | -€47,356 | -46.7% |
| Deferred charges and accrued income | 490/1 | - | €3,426 | +€3,426 | |
| Total equity and liabilities | 10/49 | €126,335 | €65,048 | -€61,287 | -48.5% |
| Equity | 10/15 | -€13,801 | -€1,940 | +€11,862 | +85.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €15,161 | €15,161 | = | 0.0% |
| Distributable reserves | 133 | €15,161 | €15,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,263 | -€23,401 | +€11,862 | +33.6% |
| Amounts payable | 17/49 | €140,136 | €66,987 | -€73,149 | -52.2% |
| Amounts payable after more than one year | 17 | €134,967 | €53,308 | -€81,659 | -60.5% |
| Other amounts payable | 178/9 | €134,967 | €53,308 | -€81,659 | -60.5% |
| Amounts payable within one year | 42/48 | €5,169 | €13,679 | +€8,510 | +165% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €320 | €6,130 | +€5,810 | +1,814% |
| Suppliers | 440/4 | €320 | €6,130 | +€5,810 | +1,814% |
| Taxes, remuneration and social security | 45 | €4,849 | €7,550 | +€2,701 | +55.7% |
| Taxes | 450/3 | €3,899 | €4,241 | +€342 | +8.8% |
| Remuneration and social security | 454/9 | €950 | €3,309 | +€2,359 | +248% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,366 | €17,467 | -€3,899 | -18.2% |
| Other operating charges | 640/8 | €1,062 | €984 | -€79 | -7.4% |
| Gross operating margin | 9900 | €7,552 | €29,746 | +€22,195 | +294% |
| Operating profit (loss) | 9901 | -€14,877 | €11,296 | +€26,173 | |
| Financial income | 75/76B | €0 | €642 | +€641 | +133,633% |
| Recurring financial income | 75 | €0 | €642 | +€641 | +133,633% |
| Financial charges | 65/66B | €429 | €72 | -€356 | -83.2% |
| Recurring financial charges | 65 | €429 | €72 | -€356 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,305 | €11,866 | +€27,170 | |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€15,305 | €11,862 | +€27,167 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,305 | €11,862 | +€27,167 |
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 13 October 2026 via checked.be.