GERONIBRAY: 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.
GERONIBRAY
Largest movements
- Receivables within one year +€140,000
up €140,000 (+33.3%), from €420,000 to €560,000
- Tangible fixed assets -€123,531
down €123,531 (-8.5%), from €1.5m to €1.3m
of which Land and buildings: -€177,094
- Cash +€39,592
up €39,592 (+21.3%), from €185,626 to €225,218
mainly Net result for the year (+€614,354) and Depreciation (+€189,181)
- Reserves +€514,354
up €514,354 (+45.9%), from €1.1m to €1.6m
- Other debts -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Current portion of long-term debt -€147,975
down €147,975 (-78.9%), from €187,620 to €39,645
- Debts after one year -€39,645
down €39,645 (-24.8%), from €159,645 to €120,000
of which Financial debts: -€39,645
- Trade debts -€25,343
down €25,343 (-88.3%), from €28,696 to €3,353
- Gross operating margin -€242,499
down €242,499 (-19.1%), from €1.3m to €1.0m
- Taxes -€69,952
down €69,952 (-25.5%), from €274,737 to €204,785
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 | €2,064,132 | €2,120,074 | +€55,942 | +2.7% |
| Fixed assets | 21/28 | €1,455,522 | €1,331,992 | -€123,531 | -8.5% |
| Tangible fixed assets | 22/27 | €1,455,522 | €1,331,992 | -€123,531 | -8.5% |
| Land and buildings | 22 | €1,328,205 | €1,151,111 | -€177,094 | -13.3% |
| Plant, machinery and equipment | 23 | €71,476 | €180,881 | +€109,405 | +153.1% |
| Assets under construction and advance payments | 27 | €55,842 | - | -€55,842 | |
| Current assets | 29/58 | €608,610 | €788,082 | +€179,472 | +29.5% |
| Amounts receivable within one year | 40/41 | €420,000 | €560,000 | +€140,000 | +33.3% |
| Other amounts receivable | 41 | €420,000 | €560,000 | +€140,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €185,626 | €225,218 | +€39,592 | +21.3% |
| Deferred charges and accrued income | 490/1 | €2,983 | €2,864 | -€120 | -4.0% |
| Total equity and liabilities | 10/49 | €2,064,132 | €2,120,074 | +€55,942 | +2.7% |
| Equity | 10/15 | €1,139,397 | €1,653,751 | +€514,354 | +45.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,119,397 | €1,633,751 | +€514,354 | +45.9% |
| Distributable reserves | 133 | €1,119,397 | €1,633,751 | +€514,354 | +45.9% |
| Provisions and deferred taxes | 16 | €34,782 | €34,782 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €34,782 | €34,782 | = | 0.0% |
| Pensions and similar obligations | 160 | - | €34,782 | +€34,782 | |
| Major repairs and maintenance | 162 | €34,782 | - | -€34,782 | |
| Amounts payable | 17/49 | €889,953 | €431,540 | -€458,413 | -51.5% |
| Amounts payable after more than one year | 17 | €159,645 | €120,000 | -€39,645 | -24.8% |
| Financial debts | 170/4 | €39,645 | - | -€39,645 | |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €730,308 | €311,540 | -€418,768 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €187,620 | €39,645 | -€147,975 | -78.9% |
| Trade debts | 44 | €28,696 | €3,353 | -€25,343 | -88.3% |
| Suppliers | 440/4 | €28,696 | €3,353 | -€25,343 | -88.3% |
| Taxes, remuneration and social security | 45 | €13,992 | €18,542 | +€4,550 | +32.5% |
| Taxes | 450/3 | €13,992 | €18,542 | +€4,550 | +32.5% |
| Other amounts payable | 47/48 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,903 | €189,181 | +€4,277 | +2.3% |
| Other operating charges | 640/8 | €13,755 | €14,188 | +€433 | +3.1% |
| Gross operating margin | 9900 | €1,266,484 | €1,023,985 | -€242,499 | -19.1% |
| Operating profit (loss) | 9901 | €1,067,825 | €820,616 | -€247,209 | -23.2% |
| Financial income | 75/76B | €2,483 | €781 | -€1,702 | -68.6% |
| Recurring financial income | 75 | €2,483 | €781 | -€1,702 | -68.6% |
| Financial charges | 65/66B | €4,607 | €2,258 | -€2,349 | -51.0% |
| Recurring financial charges | 65 | €4,607 | €2,258 | -€2,349 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €1,065,702 | €819,139 | -€246,563 | -23.1% |
| Income taxes | 67/77 | €274,737 | €204,785 | -€69,952 | -25.5% |
| Profit (loss) for the period | 9904 | €790,965 | €614,354 | -€176,611 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €790,965 | €614,354 | -€176,611 | -22.3% |
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 5 October 2026 via checked.be.