GEROVIKO: 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.
GEROVIKO
Largest movements
- Tangible fixed assets +€31,877
up €31,877 (+15.7%), from €202,880 to €234,757
of which Furniture and vehicles: +€34,182
- Receivables within one year -€23,599
down €23,599 (-14.5%), from €162,239 to €138,640
of which Other amounts receivable: -€18,548
- Other debts +€101,704
up €101,704 (+525%), from €19,355 to €121,058
- Reserves -€97,558
down €97,558 (-47.2%), from €206,714 to €109,156
of which Distributable reserves: -€91,440
- Current portion of long-term debt +€13,223
up €13,223 (+75.8%), from €17,436 to €30,660
- Debts after one year +€5,141
up €5,141 (+12.9%), from €39,917 to €45,058
of which Financial debts: +€7,691
- Tax, wage and social debts -€4,455
no longer reported in 2025 (was €4,455)
- Depreciation +€6,566
up €6,566 (+29.6%), from €22,195 to €28,761
- Gross operating margin +€3,287
up €3,287 (+11.8%), from €27,817 to €31,104
- Taxes -€1,042
down €1,042 (-33.2%), from €3,136 to €2,094
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.
Derived cash bridge
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 | €379,444 | €390,973 | +€11,529 | +3.0% |
| Fixed assets | 21/28 | €203,032 | €234,757 | +€31,725 | +15.6% |
| Tangible fixed assets | 22/27 | €202,880 | €234,757 | +€31,877 | +15.7% |
| Land and buildings | 22 | €198,905 | €197,268 | -€1,637 | -0.8% |
| Plant, machinery and equipment | 23 | €2,911 | €2,242 | -€668 | -23.0% |
| Furniture and vehicles | 24 | €1,064 | €35,247 | +€34,182 | +3,211% |
| Financial fixed assets | 28 | €152 | - | -€152 | |
| Current assets | 29/58 | €176,412 | €156,216 | -€20,196 | -11.4% |
| Amounts receivable within one year | 40/41 | €162,239 | €138,640 | -€23,599 | -14.5% |
| Trade receivables | 40 | €46,424 | €41,373 | -€5,051 | -10.9% |
| Other amounts receivable | 41 | €115,815 | €97,267 | -€18,548 | -16.0% |
| Cash at bank and in hand | 54/58 | €14,173 | €15,168 | +€995 | +7.0% |
| Deferred charges and accrued income | 490/1 | - | €2,408 | +€2,408 | |
| Total equity and liabilities | 10/49 | €379,444 | €390,973 | +€11,529 | +3.0% |
| Equity | 10/15 | €250,640 | €153,090 | -€97,550 | -38.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €206,714 | €109,156 | -€97,558 | -47.2% |
| Tax-exempt reserves | 132 | €51,964 | €45,846 | -€6,118 | -11.8% |
| Distributable reserves | 133 | €154,750 | €63,310 | -€91,440 | -59.1% |
| Profit (loss) carried forward | 14 | -€6,074 | -€6,066 | +€8 | +0.1% |
| Provisions and deferred taxes | 16 | €17,321 | €15,282 | -€2,039 | -11.8% |
| Deferred taxes | 168 | €17,321 | €15,282 | -€2,039 | -11.8% |
| Amounts payable | 17/49 | €111,483 | €222,601 | +€111,118 | +99.7% |
| Amounts payable after more than one year | 17 | €39,917 | €45,058 | +€5,141 | +12.9% |
| Financial debts | 170/4 | €33,317 | €41,008 | +€7,691 | +23.1% |
| Other amounts payable | 178/9 | €6,600 | €4,050 | -€2,550 | -38.6% |
| Amounts payable within one year | 42/48 | €71,565 | €177,543 | +€105,977 | +148% |
| Current portion of amounts payable after more than one year | 42 | €17,436 | €30,660 | +€13,223 | +75.8% |
| Trade debts | 44 | €11,849 | €8,825 | -€3,024 | -25.5% |
| Suppliers | 440/4 | €11,849 | €8,825 | -€3,024 | -25.5% |
| Advances received on contracts in progress | 46 | €18,470 | €17,000 | -€1,470 | -8.0% |
| Taxes, remuneration and social security | 45 | €4,455 | - | -€4,455 | |
| Taxes | 450/3 | €4,455 | - | -€4,455 | |
| Other amounts payable | 47/48 | €19,355 | €121,058 | +€101,704 | +525% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,195 | €28,761 | +€6,566 | +29.6% |
| Other operating charges | 640/8 | €2,442 | €2,515 | +€73 | +3.0% |
| Gross operating margin | 9900 | €27,817 | €31,104 | +€3,287 | +11.8% |
| Operating profit (loss) | 9901 | €3,180 | -€172 | -€3,352 | |
| Financial income | 75/76B | €2,957 | €2,896 | -€61 | -2.1% |
| Recurring financial income | 75 | €2,957 | €2,896 | -€61 | -2.1% |
| Financial charges | 65/66B | €2,405 | €2,386 | -€19 | -0.8% |
| Recurring financial charges | 65 | €2,405 | €2,386 | -€19 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €3,732 | €338 | -€3,394 | -90.9% |
| Transfer from deferred taxes | 780 | €2,039 | €2,039 | = | 0.0% |
| Income taxes | 67/77 | €3,136 | €2,094 | -€1,042 | -33.2% |
| Profit (loss) for the period | 9904 | €2,635 | €283 | -€2,352 | -89.3% |
| Transfer from tax-exempt reserves | 789 | €6,117 | €6,118 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,753 | €6,401 | -€2,352 | -26.9% |
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 17 October 2026 via checked.be.