GERONDAL: 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.
GERONDAL
Largest movements
- Tangible fixed assets -€17,640
down €17,640 (-8.2%), from €215,566 to €197,926
- Cash +€14,259
up €14,259 (+22.1%), from €64,533 to €78,792
mainly Depreciation (+€17,640) and Trade debts (+€2,108)
- Profit (loss) carried forward -€4,035
down €4,035 (-1.0%), from -€394,782 to -€398,817
- Depreciation -€4,013
down €4,013 (-18.5%), from €21,653 to €17,640
- Gross operating margin -€2,425
down €2,425 (-8.7%), from €27,903 to €25,479
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 | €284,482 | €281,166 | -€3,316 | -1.2% |
| Fixed assets | 21/28 | €215,566 | €197,926 | -€17,640 | -8.2% |
| Tangible fixed assets | 22/27 | €215,566 | €197,926 | -€17,640 | -8.2% |
| Land and buildings | 22 | €215,566 | €197,926 | -€17,640 | -8.2% |
| Current assets | 29/58 | €68,916 | €83,240 | +€14,324 | +20.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €64,533 | €78,792 | +€14,259 | +22.1% |
| Deferred charges and accrued income | 490/1 | €4,383 | €4,448 | +€65 | +1.5% |
| Total equity and liabilities | 10/49 | €284,482 | €281,166 | -€3,316 | -1.2% |
| Equity | 10/15 | €275,848 | €271,813 | -€4,035 | -1.5% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Capital | 10 | €68,171 | €68,171 | = | 0.0% |
| Issued capital | 100 | €68,171 | €68,171 | = | 0.0% |
| Revaluation surpluses | 12 | €588,000 | €588,000 | = | 0.0% |
| Reserves | 13 | €14,459 | €14,459 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,782 | -€398,817 | -€4,035 | -1.0% |
| Amounts payable | 17/49 | €8,634 | €9,353 | +€718 | +8.3% |
| Amounts payable after more than one year | 17 | €3,364 | €2,102 | -€1,262 | -37.5% |
| Other amounts payable | 178/9 | €3,364 | €2,102 | -€1,262 | -37.5% |
| Amounts payable within one year | 42/48 | €5,136 | €7,133 | +€1,997 | +38.9% |
| Trade debts | 44 | €417 | €2,525 | +€2,108 | +505.7% |
| Suppliers | 440/4 | €417 | €2,525 | +€2,108 | +505.7% |
| Taxes, remuneration and social security | 45 | €4,719 | €4,608 | -€111 | -2.3% |
| Taxes | 450/3 | €4,719 | €4,608 | -€111 | -2.3% |
| Accrued charges and deferred income | 492/3 | €135 | €117 | -€18 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,653 | €17,640 | -€4,013 | -18.5% |
| Other operating charges | 640/8 | €6,896 | €7,108 | +€213 | +3.1% |
| Gross operating margin | 9900 | €27,903 | €25,479 | -€2,425 | -8.7% |
| Operating profit (loss) | 9901 | -€645 | €731 | +€1,375 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -20.4% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -20.4% |
| Financial charges | 65/66B | €213 | €231 | +€18 | +8.5% |
| Recurring financial charges | 65 | €213 | €231 | +€18 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€857 | €500 | +€1,357 | |
| Income taxes | 67/77 | €4,573 | €4,535 | -€38 | -0.8% |
| Profit (loss) for the period | 9904 | -€5,430 | -€4,035 | +€1,396 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,430 | -€4,035 | +€1,396 | +25.7% |
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 6 October 2026 via checked.be.