GERPAS: 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.
GERPAS
Largest movements
- Financial fixed assets -€10,250
no longer reported in 2025 (was €10,250)
- Receivables within one year +€8,506
up €8,506 (+27.1%), from €31,404 to €39,911
of which Trade receivables: +€4,703
- Tangible fixed assets -€7,356
down €7,356 (-31.9%), from €23,030 to €15,674
of which Leasing and similar rights: -€6,152
- Debts after one year -€9,423
down €9,423 (-36.9%), from €25,540 to €16,117
- Profit (loss) carried forward +€4,975
up €4,975 (+15.6%), from -€31,985 to -€27,010
- Tax, wage and social debts -€3,788
down €3,788 (-43.2%), from €8,773 to €4,985
of which Remuneration and social security: -€2,032
- Other debts -€1,996
down €1,996 (-15.0%), from €13,280 to €11,284
- Accrued charges and deferred income -€1,710
down €1,710 (-51.0%), from €3,351 to €1,641
- Gross operating margin -€6,769
down €6,769 (-22.9%), from €29,577 to €22,809
- Taxes +€2,450
up €2,450 (+488.2%), from €502 to €2,952
- Other operating charges -€509
down €509 (-12.5%), from €4,070 to €3,561
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 | €67,912 | €58,295 | -€9,618 | -14.2% |
| Fixed assets | 21/28 | €33,280 | €15,674 | -€17,606 | -52.9% |
| Tangible fixed assets | 22/27 | €23,030 | €15,674 | -€7,356 | -31.9% |
| Plant, machinery and equipment | 23 | €482 | €190 | -€293 | -60.7% |
| Furniture and vehicles | 24 | €3,428 | €2,516 | -€912 | -26.6% |
| Leasing and similar rights | 25 | €19,120 | €12,968 | -€6,152 | -32.2% |
| Financial fixed assets | 28 | €10,250 | - | -€10,250 | |
| Current assets | 29/58 | €34,632 | €42,621 | +€7,989 | +23.1% |
| Amounts receivable within one year | 40/41 | €31,404 | €39,911 | +€8,506 | +27.1% |
| Trade receivables | 40 | €25,460 | €30,163 | +€4,703 | +18.5% |
| Other amounts receivable | 41 | €5,945 | €9,748 | +€3,803 | +64.0% |
| Cash at bank and in hand | 54/58 | - | €8 | +€8 | |
| Deferred charges and accrued income | 490/1 | €3,228 | €2,702 | -€526 | -16.3% |
| Total equity and liabilities | 10/49 | €67,912 | €58,295 | -€9,618 | -14.2% |
| Equity | 10/15 | -€5,510 | -€535 | +€4,975 | +90.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,875 | €7,875 | = | 0.0% |
| Distributable reserves | 133 | €7,875 | €7,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,985 | -€27,010 | +€4,975 | +15.6% |
| Amounts payable | 17/49 | €73,422 | €58,830 | -€14,592 | -19.9% |
| Amounts payable after more than one year | 17 | €25,540 | €16,117 | -€9,423 | -36.9% |
| Financial debts | 170/4 | €25,540 | €16,117 | -€9,423 | -36.9% |
| Amounts payable within one year | 42/48 | €44,531 | €41,073 | -€3,459 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €8,878 | €9,423 | +€545 | +6.1% |
| Financial debts | 43 | €6,682 | €7,274 | +€592 | +8.9% |
| Credit institutions | 430/8 | €6,682 | €7,274 | +€592 | +8.9% |
| Trade debts | 44 | €6,918 | €8,107 | +€1,188 | +17.2% |
| Suppliers | 440/4 | €6,918 | €8,107 | +€1,188 | +17.2% |
| Taxes, remuneration and social security | 45 | €8,773 | €4,985 | -€3,788 | -43.2% |
| Taxes | 450/3 | €4,801 | €3,045 | -€1,756 | -36.6% |
| Remuneration and social security | 454/9 | €3,972 | €1,940 | -€2,032 | -51.2% |
| Other amounts payable | 47/48 | €13,280 | €11,284 | -€1,996 | -15.0% |
| Accrued charges and deferred income | 492/3 | €3,351 | €1,641 | -€1,710 | -51.0% |
| Non-recurring operating income | 76A | €15,500 | - | -€15,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,474 | €7,356 | -€118 | -1.6% |
| Other operating charges | 640/8 | €4,070 | €3,561 | -€509 | -12.5% |
| Gross operating margin | 9900 | €29,577 | €22,809 | -€6,769 | -22.9% |
| Operating profit (loss) | 9901 | €18,033 | €11,892 | -€6,141 | -34.1% |
| Financial income | 75/76B | €3 | €195 | +€192 | +6223.1% |
| Recurring financial income | 75 | €3 | €195 | +€192 | +6223.1% |
| Financial charges | 65/66B | €4,268 | €4,159 | -€109 | -2.6% |
| Recurring financial charges | 65 | €4,268 | €4,159 | -€109 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €13,767 | €7,927 | -€5,840 | -42.4% |
| Income taxes | 67/77 | €502 | €2,952 | +€2,450 | +488.2% |
| Profit (loss) for the period | 9904 | €13,265 | €4,975 | -€8,291 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,265 | €4,975 | -€8,291 | -62.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.