Gerofina: what changed
Two fiscal 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 -€45,963
down €45,963 (-85.4%), from €53,805 to €7,843
of which Other amounts receivable: -€24,506
- Intangible fixed assets -€27,143
down €27,143 (-50.0%), from €54,286 to €27,143
- Cash -€2,578
no longer reported in 2025 (was €2,578)
mainly Tax, wage and social debts (-€34,363) and Debts after one year (-€26,651)
- Deferred charges and accrued income -€1,768
no longer reported in 2025 (was €1,768)
- Tax, wage and social debts -€34,363
down €34,363 (-99.2%), from €34,632 to €269
of which Remuneration and social security: -€34,632
- Debts after one year -€26,651
no longer reported in 2025 (was €26,651)
- Profit (loss) carried forward -€24,712
down €24,712 (-336.4%), from -€7,345 to -€32,057
- Other debts +€18,988
new in 2025: €18,988
- Trade debts -€8,757
down €8,757 (-44.9%), from €19,508 to €10,751
- Gross operating margin -€69,320
down €69,320 (-33.2%), from €208,964 to €139,644
- Staff costs -€50,130
down €50,130 (-27.5%), from €182,576 to €132,446
- Other operating charges -€2,988
down €2,988 (-87.1%), from €3,432 to €444
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.
Cash bridge derived
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 | €112,902 | €35,141 | -€77,761 | -68.9% |
| Fixed assets | 21/28 | €54,750 | €27,298 | -€27,452 | -50.1% |
| Intangible fixed assets | 21 | €54,286 | €27,143 | -€27,143 | -50.0% |
| Tangible fixed assets | 22/27 | €309 | - | -€309 | |
| Plant, machinery and equipment | 23 | €309 | - | -€309 | |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €58,151 | €7,843 | -€50,309 | -86.5% |
| Amounts receivable within one year | 40/41 | €53,805 | €7,843 | -€45,963 | -85.4% |
| Trade receivables | 40 | €29,300 | €7,843 | -€21,457 | -73.2% |
| Other amounts receivable | 41 | €24,506 | - | -€24,506 | |
| Cash at bank and in hand | 54/58 | €2,578 | - | -€2,578 | |
| Deferred charges and accrued income | 490/1 | €1,768 | - | -€1,768 | |
| Total equity and liabilities | 10/49 | €112,902 | €35,141 | -€77,761 | -68.9% |
| Equity | 10/15 | -€6,345 | -€31,057 | -€24,712 | -389.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,345 | -€32,057 | -€24,712 | -336.4% |
| Amounts payable | 17/49 | €119,247 | €66,197 | -€53,049 | -44.5% |
| Amounts payable after more than one year | 17 | €26,651 | - | -€26,651 | |
| Financial debts | 170/4 | €26,651 | - | -€26,651 | |
| Amounts payable within one year | 42/48 | €92,596 | €66,197 | -€26,398 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €28,822 | €26,651 | -€2,171 | -7.5% |
| Financial debts | 43 | €9,633 | €9,538 | -€95 | -1.0% |
| Credit institutions | 430/8 | €9,633 | €9,538 | -€95 | -1.0% |
| Trade debts | 44 | €19,508 | €10,751 | -€8,757 | -44.9% |
| Suppliers | 440/4 | €19,508 | €10,751 | -€8,757 | -44.9% |
| Taxes, remuneration and social security | 45 | €34,632 | €269 | -€34,363 | -99.2% |
| Taxes | 450/3 | - | €269 | +€269 | |
| Remuneration and social security | 454/9 | €34,632 | - | -€34,632 | |
| Other amounts payable | 47/48 | - | €18,988 | +€18,988 | |
| Remuneration, social security and pensions | 62 | €182,576 | €132,446 | -€50,130 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,020 | €27,452 | -€567 | -2.0% |
| Other operating charges | 640/8 | €3,432 | €444 | -€2,988 | -87.1% |
| Gross operating margin | 9900 | €208,964 | €139,644 | -€69,320 | -33.2% |
| Operating profit (loss) | 9901 | -€5,063 | -€20,698 | -€15,635 | -308.8% |
| Financial income | 75/76B | €436 | €66 | -€370 | -84.9% |
| Recurring financial income | 75 | €436 | €66 | -€370 | -84.9% |
| Financial charges | 65/66B | €2,346 | €3,810 | +€1,464 | +62.4% |
| Recurring financial charges | 65 | €2,346 | €3,810 | +€1,464 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,974 | -€24,442 | -€17,469 | -250.5% |
| Income taxes | 67/77 | €371 | €269 | -€102 | -27.5% |
| Profit (loss) for the period | 9904 | -€7,345 | -€24,712 | -€17,367 | -236.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,345 | -€24,712 | -€17,367 | -236.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.