GERONIM: 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.
GERONIM
Largest movements
- Cash -€43,797
down €43,797 (-70.1%), from €62,459 to €18,662
mainly Contributions, distributions and other (-€553,035) and Investment in fixed assets (net) (-€113,376)
- Tangible fixed assets +€26,044
up €26,044 (+1.4%), from €1.8m to €1.9m
- Reserves -€553,035
down €553,035 (-93.7%), from €590,343 to €37,308
of which Non-distributable reserves: -€553,035
- Other debts +€548,387
up €548,387 (+641.5%), from €85,484 to €633,871
- Trade debts -€50,097
down €50,097 (-98.3%), from €50,988 to €891
- Profit (loss) carried forward +€24,376
up €24,376 (+13.5%), from €180,399 to €204,775
- Current portion of long-term debt +€22,705
up €22,705 (+34.8%), from €65,234 to €87,939
- Depreciation -€113,065
down €113,065 (-56.4%), from €200,397 to €87,332
- Gross operating margin -€76,115
down €76,115 (-32.7%), from €233,024 to €156,910
- Financial income -€48,791
no longer reported in 2025 (was €48,791)
- Financial charges -€8,887
down €8,887 (-23.0%), from €38,705 to €29,817
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 | €1,914,836 | €1,892,766 | -€22,070 | -1.2% |
| Fixed assets | 21/28 | €1,846,929 | €1,872,973 | +€26,044 | +1.4% |
| Tangible fixed assets | 22/27 | €1,846,929 | €1,872,973 | +€26,044 | +1.4% |
| Land and buildings | 22 | €1,846,929 | €1,872,973 | +€26,044 | +1.4% |
| Current assets | 29/58 | €67,907 | €19,793 | -€48,114 | -70.9% |
| Amounts receivable within one year | 40/41 | €5,449 | €1,132 | -€4,317 | -79.2% |
| Other amounts receivable | 41 | €5,449 | €1,132 | -€4,317 | -79.2% |
| Cash at bank and in hand | 54/58 | €62,459 | €18,662 | -€43,797 | -70.1% |
| Total equity and liabilities | 10/49 | €1,914,836 | €1,892,766 | -€22,070 | -1.2% |
| Equity | 10/15 | €1,041,317 | €512,658 | -€528,659 | -50.8% |
| Contributions | 10/11 | €270,575 | €270,575 | = | 0.0% |
| Reserves | 13 | €590,343 | €37,308 | -€553,035 | -93.7% |
| Non-distributable reserves | 130/1 | €553,035 | - | -€553,035 | |
| Reserves not available under the articles | 1311 | €553,035 | - | -€553,035 | |
| Tax-exempt reserves | 132 | €37,308 | €37,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,399 | €204,775 | +€24,376 | +13.5% |
| Amounts payable | 17/49 | €873,519 | €1,380,108 | +€506,589 | +58.0% |
| Amounts payable after more than one year | 17 | €671,814 | €657,408 | -€14,406 | -2.1% |
| Financial debts | 170/4 | €671,814 | €657,408 | -€14,406 | -2.1% |
| Amounts payable within one year | 42/48 | €201,705 | €722,700 | +€520,995 | +258.3% |
| Current portion of amounts payable after more than one year | 42 | €65,234 | €87,939 | +€22,705 | +34.8% |
| Trade debts | 44 | €50,988 | €891 | -€50,097 | -98.3% |
| Suppliers | 440/4 | €50,988 | €891 | -€50,097 | -98.3% |
| Other amounts payable | 47/48 | €85,484 | €633,871 | +€548,387 | +641.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,397 | €87,332 | -€113,065 | -56.4% |
| Other operating charges | 640/8 | €14,962 | €15,384 | +€422 | +2.8% |
| Gross operating margin | 9900 | €233,024 | €156,910 | -€76,115 | -32.7% |
| Operating profit (loss) | 9901 | €17,665 | €54,194 | +€36,528 | +206.8% |
| Financial income | 75/76B | €48,791 | - | -€48,791 | |
| Recurring financial income | 75 | €48,791 | - | -€48,791 | |
| Financial charges | 65/66B | €38,705 | €29,817 | -€8,887 | -23.0% |
| Recurring financial charges | 65 | €38,705 | €29,817 | -€8,887 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €27,751 | €24,376 | -€3,375 | -12.2% |
| Transfer from deferred taxes | 780 | €24,779 | - | -€24,779 | |
| Profit (loss) for the period | 9904 | €52,531 | €24,376 | -€28,154 | -53.6% |
| Transfer from tax-exempt reserves | 789 | €5,317 | - | -€5,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,848 | €24,376 | -€33,472 | -57.9% |
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 1 October 2026 via checked.be.