GERRE: 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.
GERRE
Largest movements
- Tangible fixed assets +€34,190
up €34,190 (+80.9%), from €42,250 to €76,440
of which Furniture and vehicles: +€29,053
- Receivables within one year -€16,528
down €16,528 (-45.8%), from €36,107 to €19,579
of which Trade receivables: -€16,377
- Cash +€6,942
up €6,942 (+28.8%), from €24,135 to €31,077
mainly Debts after one year (+€44,797) and Receivables within one year (+€16,528)
- Deferred charges and accrued income -€2,197
down €2,197 (-79.0%), from €2,779 to €582
- Debts after one year +€44,797
new in 2025: €44,797
- Trade debts -€12,707
down €12,707 (-55.8%), from €22,772 to €10,064
- Reserves -€7,936
down €7,936 (-17.7%), from €44,936 to €37,001
- Tax, wage and social debts -€3,783
down €3,783 (-64.0%), from €5,913 to €2,130
of which Taxes: -€4,097
- Current portion of long-term debt +€2,172
up €2,172 (+30.7%), from €7,076 to €9,247
- Gross operating margin -€3,367
down €3,367 (-10.8%), from €31,171 to €27,805
- Depreciation +€3,238
up €3,238 (+25.9%), from €12,513 to €15,751
- Other operating charges -€1,822
down €1,822 (-89.2%), from €2,042 to €220
- Taxes +€1,495
new in 2025: €1,495
- Financial income +€1,384
new in 2025: €1,384
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 | €105,272 | €127,679 | +€22,408 | +21.3% |
| Fixed assets | 21/28 | €42,250 | €76,440 | +€34,190 | +80.9% |
| Tangible fixed assets | 22/27 | €42,250 | €76,440 | +€34,190 | +80.9% |
| Plant, machinery and equipment | 23 | €3,736 | €8,873 | +€5,137 | +137.5% |
| Furniture and vehicles | 24 | €38,514 | €67,568 | +€29,053 | +75.4% |
| Current assets | 29/58 | €63,022 | €51,239 | -€11,783 | -18.7% |
| Amounts receivable within one year | 40/41 | €36,107 | €19,579 | -€16,528 | -45.8% |
| Trade receivables | 40 | €35,956 | €19,579 | -€16,377 | -45.5% |
| Other amounts receivable | 41 | €151 | - | -€151 | |
| Cash at bank and in hand | 54/58 | €24,135 | €31,077 | +€6,942 | +28.8% |
| Deferred charges and accrued income | 490/1 | €2,779 | €582 | -€2,197 | -79.0% |
| Total equity and liabilities | 10/49 | €105,272 | €127,679 | +€22,408 | +21.3% |
| Equity | 10/15 | €63,936 | €56,001 | -€7,936 | -12.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €44,936 | €37,001 | -€7,936 | -17.7% |
| Distributable reserves | 133 | €44,936 | €37,001 | -€7,936 | -17.7% |
| Amounts payable | 17/49 | €41,335 | €71,679 | +€30,343 | +73.4% |
| Amounts payable after more than one year | 17 | - | €44,797 | +€44,797 | |
| Financial debts | 170/4 | - | €44,797 | +€44,797 | |
| Amounts payable within one year | 42/48 | €41,335 | €26,882 | -€14,454 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €7,076 | €9,247 | +€2,172 | +30.7% |
| Trade debts | 44 | €22,772 | €10,064 | -€12,707 | -55.8% |
| Suppliers | 440/4 | €22,772 | €10,064 | -€12,707 | -55.8% |
| Taxes, remuneration and social security | 45 | €5,913 | €2,130 | -€3,783 | -64.0% |
| Taxes | 450/3 | €5,913 | €1,816 | -€4,097 | -69.3% |
| Remuneration and social security | 454/9 | - | €314 | +€314 | |
| Other amounts payable | 47/48 | €5,575 | €5,440 | -€136 | -2.4% |
| Non-recurring operating income | 76A | €17,347 | - | -€17,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,513 | €15,751 | +€3,238 | +25.9% |
| Other operating charges | 640/8 | €2,042 | €220 | -€1,822 | -89.2% |
| Non-recurring operating charges | 66A | - | €17,559 | +€17,559 | |
| Gross operating margin | 9900 | €31,171 | €27,805 | -€3,367 | -10.8% |
| Operating profit (loss) | 9901 | €16,617 | -€5,725 | -€22,342 | |
| Financial income | 75/76B | - | €1,384 | +€1,384 | |
| Recurring financial income | 75 | - | €1,384 | +€1,384 | |
| Financial charges | 65/66B | €813 | €2,099 | +€1,286 | +158.2% |
| Recurring financial charges | 65 | €813 | €2,099 | +€1,286 | +158.2% |
| Profit (loss) for the period before taxes | 9903 | €15,804 | -€6,440 | -€22,244 | |
| Income taxes | 67/77 | - | €1,495 | +€1,495 | |
| Profit (loss) for the period | 9904 | €15,804 | -€7,936 | -€23,739 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,804 | -€7,936 | -€23,739 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.