GEROK: 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.
GEROK
Largest movements
- Cash +€60,382
up €60,382 (+135%), from €44,607 to €104,989
mainly Net result for the year (+€23,156) and Receivables within one year (+€22,725)
- Receivables within one year -€22,725
down €22,725 (-70.7%), from €32,148 to €9,423
of which Trade receivables: -€22,725
- Tangible fixed assets -€10,382
down €10,382 (-48.2%), from €21,558 to €11,176
- Reserves +€23,156
up €23,156 (+34.0%), from €68,091 to €91,247
- Current portion of long-term debt -€4,436
no longer reported in 2024 (was €4,436)
- Trade debts +€4,087
up €4,087 (+81.6%), from €5,011 to €9,098
- Tax, wage and social debts +€2,820
up €2,820 (+235%), from €1,198 to €4,018
- Other debts +€1,309
up €1,309 (+16.9%), from €7,730 to €9,038
- Gross operating margin +€14,566
up €14,566 (+71.1%), from €20,479 to €35,045
- Financial income +€4,797
up €4,797 (+1,296,411%), from €0 to €4,797
of which Non-recurring financial income: +€4,797
- Taxes +€4,473
up €4,473 (+174%), from €2,577 to €7,049
- Depreciation -€2,237
down €2,237 (-24.4%), from €9,152 to €6,915
- Other operating charges +€698
up €698 (+74.3%), from €939 to €1,637
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,866 | €125,902 | +€27,036 | +27.3% |
| Fixed assets | 21/28 | €21,558 | €11,176 | -€10,382 | -48.2% |
| Tangible fixed assets | 22/27 | €21,558 | €11,176 | -€10,382 | -48.2% |
| Land and buildings | 22 | €6,321 | €5,511 | -€810 | -12.8% |
| Plant, machinery and equipment | 23 | €1,083 | €451 | -€632 | -58.4% |
| Furniture and vehicles | 24 | €5,674 | €1,069 | -€4,605 | -81.2% |
| Leasing and similar rights | 25 | €8,480 | €4,145 | -€4,335 | -51.1% |
| Current assets | 29/58 | €77,308 | €114,726 | +€37,418 | +48.4% |
| Amounts receivable within one year | 40/41 | €32,148 | €9,423 | -€22,725 | -70.7% |
| Trade receivables | 40 | €29,725 | €7,000 | -€22,725 | -76.5% |
| Other amounts receivable | 41 | €2,423 | €2,423 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,607 | €104,989 | +€60,382 | +135% |
| Deferred charges and accrued income | 490/1 | €553 | €315 | -€239 | -43.1% |
| Total equity and liabilities | 10/49 | €98,866 | €125,902 | +€27,036 | +27.3% |
| Equity | 10/15 | €80,491 | €103,647 | +€23,156 | +28.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €68,091 | €91,247 | +€23,156 | +34.0% |
| Distributable reserves | 133 | €68,091 | €91,247 | +€23,156 | +34.0% |
| Amounts payable | 17/49 | €18,375 | €22,255 | +€3,880 | +21.1% |
| Amounts payable within one year | 42/48 | €18,375 | €22,154 | +€3,779 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €4,436 | - | -€4,436 | |
| Trade debts | 44 | €5,011 | €9,098 | +€4,087 | +81.6% |
| Suppliers | 440/4 | €5,011 | €9,098 | +€4,087 | +81.6% |
| Taxes, remuneration and social security | 45 | €1,198 | €4,018 | +€2,820 | +235% |
| Taxes | 450/3 | €1,198 | €4,018 | +€2,820 | +235% |
| Other amounts payable | 47/48 | €7,730 | €9,038 | +€1,309 | +16.9% |
| Accrued charges and deferred income | 492/3 | - | €101 | +€101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,152 | €6,915 | -€2,237 | -24.4% |
| Other operating charges | 640/8 | €939 | €1,637 | +€698 | +74.3% |
| Gross operating margin | 9900 | €20,479 | €35,045 | +€14,566 | +71.1% |
| Operating profit (loss) | 9901 | €10,389 | €26,493 | +€16,104 | +155% |
| Financial income | 75/76B | €0 | €4,797 | +€4,797 | +1,296,411% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.3% |
| Non-recurring financial income | 76B | - | €4,797 | +€4,797 | |
| Financial charges | 65/66B | €1,006 | €1,085 | +€79 | +7.8% |
| Recurring financial charges | 65 | €1,006 | €1,085 | +€79 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €9,383 | €30,206 | +€20,822 | +222% |
| Income taxes | 67/77 | €2,577 | €7,049 | +€4,473 | +174% |
| Profit (loss) for the period | 9904 | €6,807 | €23,156 | +€16,350 | +240% |
| Profit (loss) for the period to be appropriated | 9905 | €6,807 | €23,156 | +€16,350 | +240% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.