GEROM: 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.
GEROM
Largest movements
- Tangible fixed assets -€31,531
down €31,531 (-2.9%), from €1.1m to €1.0m
of which Land and buildings: -€30,369
- Receivables within one year -€27,732
down €27,732 (-38.9%), from €71,266 to €43,534
of which Trade receivables: -€54,490
- Cash -€26,997
down €26,997 (-13.7%), from €196,704 to €169,707
mainly Debts after one year (-€29,419) and Current portion of long-term debt (-€26,601)
- Debts after one year -€29,419
down €29,419 (-93.9%), from €31,331 to €1,913
- Current portion of long-term debt -€26,601
down €26,601 (-47.5%), from €56,020 to €29,419
- Gross operating margin +€12,549
up €12,549 (+49.3%), from €25,471 to €38,021
- Depreciation -€7,883
down €7,883 (-20.0%), from €39,414 to €31,531
- Financial charges -€1,584
down €1,584 (-21.3%), from €7,434 to €5,850
- Other operating charges +€1,267
up €1,267 (+20.9%), from €6,050 to €7,317
- Financial income +€1,226
up €1,226 (+66.0%), from €1,859 to €3,086
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 | €1,932,443 | €1,850,094 | -€82,349 | -4.3% |
| Fixed assets | 21/28 | €1,075,269 | €1,043,738 | -€31,531 | -2.9% |
| Tangible fixed assets | 22/27 | €1,075,009 | €1,043,477 | -€31,531 | -2.9% |
| Land and buildings | 22 | €1,071,524 | €1,041,155 | -€30,369 | -2.8% |
| Furniture and vehicles | 24 | €3,485 | €2,323 | -€1,162 | -33.3% |
| Financial fixed assets | 28 | €261 | €261 | = | 0.0% |
| Current assets | 29/58 | €857,174 | €806,356 | -€50,818 | -5.9% |
| Amounts receivable within one year | 40/41 | €71,266 | €43,534 | -€27,732 | -38.9% |
| Trade receivables | 40 | €58,923 | €4,434 | -€54,490 | -92.5% |
| Other amounts receivable | 41 | €12,343 | €39,100 | +€26,757 | +216.8% |
| Current investments | 50/53 | €563,320 | €564,510 | +€1,190 | +0.2% |
| Cash at bank and in hand | 54/58 | €196,704 | €169,707 | -€26,997 | -13.7% |
| Deferred charges and accrued income | 490/1 | €25,884 | €28,604 | +€2,721 | +10.5% |
| Total equity and liabilities | 10/49 | €1,932,443 | €1,850,094 | -€82,349 | -4.3% |
| Equity | 10/15 | €1,776,367 | €1,772,776 | -€3,591 | -0.2% |
| Contributions | 10/11 | €929,368 | €929,368 | = | 0.0% |
| Reserves | 13 | €846,999 | €843,408 | -€3,591 | -0.4% |
| Distributable reserves | 133 | €846,999 | €843,408 | -€3,591 | -0.4% |
| Amounts payable | 17/49 | €156,076 | €77,318 | -€78,758 | -50.5% |
| Amounts payable after more than one year | 17 | €31,331 | €1,913 | -€29,419 | -93.9% |
| Financial debts | 170/4 | €31,331 | €1,913 | -€29,419 | -93.9% |
| Amounts payable within one year | 42/48 | €124,745 | €75,406 | -€49,339 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €56,020 | €29,419 | -€26,601 | -47.5% |
| Trade debts | 44 | €7,849 | €1,543 | -€6,306 | -80.3% |
| Suppliers | 440/4 | €7,849 | €1,543 | -€6,306 | -80.3% |
| Advances received on contracts in progress | 46 | - | €531 | +€531 | |
| Taxes, remuneration and social security | 45 | €1,617 | €1,805 | +€188 | +11.6% |
| Taxes | 450/3 | €1,617 | €1,805 | +€188 | +11.6% |
| Other amounts payable | 47/48 | €59,259 | €42,109 | -€17,150 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,414 | €31,531 | -€7,883 | -20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€60 | €0 | +€60 | |
| Other operating charges | 640/8 | €6,050 | €7,317 | +€1,267 | +20.9% |
| Gross operating margin | 9900 | €25,471 | €38,021 | +€12,549 | +49.3% |
| Operating profit (loss) | 9901 | -€19,932 | -€827 | +€19,105 | +95.8% |
| Financial income | 75/76B | €1,859 | €3,086 | +€1,226 | +66.0% |
| Recurring financial income | 75 | €1,859 | €3,086 | +€1,226 | +66.0% |
| Financial charges | 65/66B | €7,434 | €5,850 | -€1,584 | -21.3% |
| Recurring financial charges | 65 | €7,434 | €5,850 | -€1,584 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,506 | -€3,591 | +€21,915 | +85.9% |
| Profit (loss) for the period | 9904 | -€25,506 | -€3,591 | +€21,915 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,506 | -€3,591 | +€21,915 | +85.9% |
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 11 October 2026 via checked.be.