GERPA: 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.
GERPA
Largest movements
- Receivables within one year -€370
down €370 (-3.0%), from €12,349 to €11,979
- Profit (loss) carried forward -€331
down €331 (-1.8%), from -€18,109 to -€18,440
- Gross operating margin +€1,730
no longer reported in 2025 (was -€1,730)
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
- Financial charges +€47
up €47 (+28.8%), from €164 to €211
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 | €12,471 | €12,140 | -€331 | -2.7% |
| Current assets | 29/58 | €12,471 | €12,140 | -€331 | -2.7% |
| Amounts receivable within one year | 40/41 | €12,349 | €11,979 | -€370 | -3.0% |
| Other amounts receivable | 41 | €12,349 | €11,979 | -€370 | -3.0% |
| Cash at bank and in hand | 54/58 | €122 | €161 | +€39 | +31.7% |
| Total equity and liabilities | 10/49 | €12,471 | €12,140 | -€331 | -2.7% |
| Equity | 10/15 | -€166 | -€497 | -€331 | -200.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,743 | €11,743 | = | 0.0% |
| Distributable reserves | 133 | €11,743 | €11,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,109 | -€18,440 | -€331 | -1.8% |
| Amounts payable | 17/49 | €12,636 | €12,636 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,636 | €12,636 | = | 0.0% |
| Other amounts payable | 47/48 | €12,636 | €12,636 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | -€1,730 | - | +€1,730 | |
| Operating profit (loss) | 9901 | -€2,235 | -€120 | +€2,115 | +94.6% |
| Financial charges | 65/66B | €164 | €211 | +€47 | +28.8% |
| Recurring financial charges | 65 | €164 | €211 | +€47 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,399 | -€331 | +€2,068 | +86.2% |
| Profit (loss) for the period | 9904 | -€2,399 | -€331 | +€2,068 | +86.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,399 | -€331 | +€2,068 | +86.2% |
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 7 October 2026 via checked.be.