GEROFINA: 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.
GEROFINA
Largest movements
- Receivables within one year -€4,065
down €4,065 (-41.9%), from €9,708 to €5,643
of which Other amounts receivable: -€3,250
- Tangible fixed assets -€3,962
down €3,962 (-23.3%), from €16,977 to €13,015
of which Plant, machinery and equipment: -€3,962
- Intangible fixed assets -€3,681
down €3,681 (-28.5%), from €12,920 to €9,239
- Other debts -€7,167
down €7,167 (-26.9%), from €26,655 to €19,488
- Profit (loss) carried forward -€5,748
down €5,748 (-9.6%), from -€60,170 to -€65,918
- Accrued charges and deferred income +€2,545
up €2,545 (+43.6%), from €5,832 to €8,377
- Trade debts -€1,596
down €1,596 (-26.9%), from €5,939 to €4,343
- Gross operating margin +€21,416
up €21,416, from -€15,135 to €6,281
- Purchases and services +€17,913
new in 2025: €17,913
- Financial income -€14,725
down €14,725 (-100.0%), from €14,725 to €0
- Depreciation -€8,687
down €8,687 (-53.2%), from €16,330 to €7,643
- Financial charges -€416
down €416 (-13.7%), from €3,029 to €2,613
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 | €40,182 | €28,224 | -€11,958 | -29.8% |
| Fixed assets | 21/28 | €29,897 | €22,254 | -€7,643 | -25.6% |
| Intangible fixed assets | 21 | €12,920 | €9,239 | -€3,681 | -28.5% |
| Tangible fixed assets | 22/27 | €16,977 | €13,015 | -€3,962 | -23.3% |
| Plant, machinery and equipment | 23 | €16,977 | €13,015 | -€3,962 | -23.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Current assets | 29/58 | €10,285 | €5,970 | -€4,315 | -42.0% |
| Amounts receivable within one year | 40/41 | €9,708 | €5,643 | -€4,065 | -41.9% |
| Trade receivables | 40 | €3,939 | €3,124 | -€816 | -20.7% |
| Other amounts receivable | 41 | €5,769 | €2,519 | -€3,250 | -56.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €577 | €327 | -€250 | -43.3% |
| Total equity and liabilities | 10/49 | €40,182 | €28,224 | -€11,958 | -29.8% |
| Equity | 10/15 | €1,397 | -€4,352 | -€5,748 | |
| Contributions | 10/11 | €61,566 | €61,566 | = | 0.0% |
| Capital | 10 | €61,566 | €61,566 | = | 0.0% |
| Issued capital | 100 | €61,566 | €61,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,170 | -€65,918 | -€5,748 | -9.6% |
| Amounts payable | 17/49 | €38,786 | €32,576 | -€6,210 | -16.0% |
| Amounts payable within one year | 42/48 | €32,954 | €24,199 | -€8,755 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,939 | €4,343 | -€1,596 | -26.9% |
| Suppliers | 440/4 | €5,939 | €4,343 | -€1,596 | -26.9% |
| Taxes, remuneration and social security | 45 | €359 | €367 | +€8 | +2.3% |
| Taxes | 450/3 | €359 | €367 | +€8 | +2.3% |
| Other amounts payable | 47/48 | €26,655 | €19,488 | -€7,167 | -26.9% |
| Accrued charges and deferred income | 492/3 | €5,832 | €8,377 | +€2,545 | +43.6% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €17,913 | +€17,913 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,330 | €7,643 | -€8,687 | -53.2% |
| Other operating charges | 640/8 | €1,784 | €1,601 | -€184 | -10.3% |
| Gross operating margin | 9900 | -€15,135 | €6,281 | +€21,416 | |
| Operating profit (loss) | 9901 | -€33,249 | -€2,963 | +€30,286 | +91.1% |
| Financial income | 75/76B | €14,725 | €0 | -€14,725 | -100.0% |
| Recurring financial income | 75 | €14,725 | €0 | -€14,725 | -100.0% |
| Financial charges | 65/66B | €3,029 | €2,613 | -€416 | -13.7% |
| Recurring financial charges | 65 | €3,029 | €2,613 | -€416 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,553 | -€5,575 | +€15,978 | +74.1% |
| Income taxes | 67/77 | €194 | €173 | -€21 | -10.9% |
| Profit (loss) for the period | 9904 | -€21,747 | -€5,748 | +€15,999 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,747 | -€5,748 | +€15,999 | +73.6% |
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 1 November 2026 via checked.be.