GERPSY-INNOV: 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.
GERPSY-INNOV
Largest movements
- Tangible fixed assets -€3,449
down €3,449 (-83.1%), from €4,149 to €700
of which Furniture and vehicles: -€3,309
- Receivables within one year -€3,161
down €3,161 (-40.3%), from €7,847 to €4,686
of which Trade receivables: -€3,312
- Financial fixed assets -€500
down €500 (-100%), from €500 to €0
- Cash -€420
down €420 (-100%), from €420 to €0
mainly Tax, wage and social debts (-€15,726) and Other debts (-€15,116)
- Short-term financial debts +€16,372
up €16,372 (+95.4%), from €17,158 to €33,529
- Tax, wage and social debts -€15,726
down €15,726 (-87.8%), from €17,907 to €2,182
of which Remuneration and social security: -€15,387
- Profit (loss) carried forward +€15,664
up €15,664 (+19.0%), from -€82,267 to -€66,603
- Other debts -€15,116
down €15,116 (-64.2%), from €23,533 to €8,417
- Trade debts -€3,334
down €3,334 (-26.9%), from €12,382 to €9,047
- Gross operating margin +€31,739
up €31,739 (+31.5%), from €100,828 to €132,567
- Staff costs -€17,823
down €17,823 (-13.9%), from €128,246 to €110,423
- Depreciation -€2,515
down €2,515 (-94.7%), from €2,655 to €140
- Other operating charges +€1,822
new in 2025: €1,822
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 | €14,284 | €6,676 | -€7,608 | -53.3% |
| Fixed assets | 21/28 | €4,649 | €700 | -€3,949 | -84.9% |
| Tangible fixed assets | 22/27 | €4,149 | €700 | -€3,449 | -83.1% |
| Furniture and vehicles | 24 | €3,309 | €0 | -€3,309 | -100% |
| Other tangible fixed assets | 26 | €840 | €700 | -€140 | -16.7% |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €9,635 | €5,976 | -€3,659 | -38.0% |
| Amounts receivable within one year | 40/41 | €7,847 | €4,686 | -€3,161 | -40.3% |
| Trade receivables | 40 | €3,312 | €0 | -€3,312 | -100% |
| Other amounts receivable | 41 | €4,535 | €4,686 | +€151 | +3.3% |
| Cash at bank and in hand | 54/58 | €420 | €0 | -€420 | -100% |
| Deferred charges and accrued income | 490/1 | €1,369 | €1,290 | -€78 | -5.7% |
| Total equity and liabilities | 10/49 | €14,284 | €6,676 | -€7,608 | -53.3% |
| Equity | 10/15 | -€63,667 | -€48,003 | +€15,664 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€82,267 | -€66,603 | +€15,664 | +19.0% |
| Amounts payable | 17/49 | €77,951 | €54,679 | -€23,271 | -29.9% |
| Amounts payable after more than one year | 17 | €1,436 | €0 | -€1,436 | -100% |
| Financial debts | 170/4 | €1,436 | €0 | -€1,436 | -100% |
| Amounts payable within one year | 42/48 | €75,216 | €54,612 | -€20,603 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €4,236 | €1,437 | -€2,800 | -66.1% |
| Financial debts | 43 | €17,158 | €33,529 | +€16,372 | +95.4% |
| Credit institutions | 430/8 | €17,158 | €33,529 | +€16,372 | +95.4% |
| Trade debts | 44 | €12,382 | €9,047 | -€3,334 | -26.9% |
| Suppliers | 440/4 | €12,382 | €9,047 | -€3,334 | -26.9% |
| Taxes, remuneration and social security | 45 | €17,907 | €2,182 | -€15,726 | -87.8% |
| Taxes | 450/3 | €1,280 | €941 | -€339 | -26.5% |
| Remuneration and social security | 454/9 | €16,627 | €1,240 | -€15,387 | -92.5% |
| Other amounts payable | 47/48 | €23,533 | €8,417 | -€15,116 | -64.2% |
| Accrued charges and deferred income | 492/3 | €1,299 | €67 | -€1,232 | -94.8% |
| Non-recurring operating income | 76A | €5,672 | €0 | -€5,672 | -100% |
| Remuneration, social security and pensions | 62 | €128,246 | €110,423 | -€17,823 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,655 | €140 | -€2,515 | -94.7% |
| Other operating charges | 640/8 | - | €1,822 | +€1,822 | |
| Non-recurring operating charges | 66A | - | €3 | +€3 | |
| Gross operating margin | 9900 | €100,828 | €132,567 | +€31,739 | +31.5% |
| Operating profit (loss) | 9901 | -€30,073 | €20,180 | +€50,253 | |
| Financial income | 75/76B | €1 | €887 | +€886 | +177,214% |
| Recurring financial income | 75 | €1 | €887 | +€886 | +177,214% |
| Financial charges | 65/66B | €6,406 | €5,403 | -€1,003 | -15.7% |
| Recurring financial charges | 65 | €6,406 | €5,403 | -€1,003 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,478 | €15,664 | +€52,142 | |
| Profit (loss) for the period | 9904 | -€36,478 | €15,664 | +€52,142 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,478 | €15,664 | +€52,142 |
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 27 October 2026 via checked.be.