GERSODES: 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.
GERSODES
Largest movements
- Cash +€10,989
up €10,989 (+20.9%), from €52,627 to €63,616
mainly Net result for the year (+€12,236) and Receivables within one year (+€8,908)
- Receivables within one year -€8,908
down €8,908 (-72.4%), from €12,304 to €3,396
of which Trade receivables: -€11,043
- Tangible fixed assets -€1,002
down €1,002 (-33.5%), from €2,989 to €1,988
- Reserves +€12,236
up €12,236 (+26.6%), from €46,021 to €58,258
- Tax, wage and social debts -€9,767
down €9,767 (-66.9%), from €14,603 to €4,836
- Gross operating margin -€28,109
down €28,109 (-59.0%), from €47,661 to €19,552
- Taxes -€8,098
down €8,098 (-64.6%), from €12,544 to €4,446
- Depreciation +€599
up €599 (+148.8%), from €403 to €1,002
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 | €68,748 | €69,960 | +€1,212 | +1.8% |
| Fixed assets | 21/28 | €2,989 | €1,988 | -€1,002 | -33.5% |
| Tangible fixed assets | 22/27 | €2,989 | €1,988 | -€1,002 | -33.5% |
| Furniture and vehicles | 24 | €2,989 | €1,988 | -€1,002 | -33.5% |
| Current assets | 29/58 | €65,759 | €67,972 | +€2,213 | +3.4% |
| Amounts receivable within one year | 40/41 | €12,304 | €3,396 | -€8,908 | -72.4% |
| Trade receivables | 40 | €11,043 | - | -€11,043 | |
| Other amounts receivable | 41 | €1,261 | €3,396 | +€2,135 | +169.2% |
| Cash at bank and in hand | 54/58 | €52,627 | €63,616 | +€10,989 | +20.9% |
| Deferred charges and accrued income | 490/1 | €828 | €960 | +€132 | +16.0% |
| Total equity and liabilities | 10/49 | €68,748 | €69,960 | +€1,212 | +1.8% |
| Equity | 10/15 | €52,021 | €64,258 | +€12,236 | +23.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €46,021 | €58,258 | +€12,236 | +26.6% |
| Distributable reserves | 133 | €46,021 | €58,258 | +€12,236 | +26.6% |
| Amounts payable | 17/49 | €16,727 | €5,702 | -€11,024 | -65.9% |
| Amounts payable within one year | 42/48 | €16,191 | €5,648 | -€10,543 | -65.1% |
| Trade debts | 44 | €1,005 | €812 | -€194 | -19.3% |
| Suppliers | 440/4 | €1,005 | €812 | -€194 | -19.3% |
| Taxes, remuneration and social security | 45 | €14,603 | €4,836 | -€9,767 | -66.9% |
| Taxes | 450/3 | €14,603 | €4,836 | -€9,767 | -66.9% |
| Other amounts payable | 47/48 | €583 | - | -€583 | |
| Accrued charges and deferred income | 492/3 | €536 | €55 | -€481 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403 | €1,002 | +€599 | +148.8% |
| Other operating charges | 640/8 | €950 | €806 | -€144 | -15.2% |
| Gross operating margin | 9900 | €47,661 | €19,552 | -€28,109 | -59.0% |
| Operating profit (loss) | 9901 | €46,308 | €17,745 | -€28,563 | -61.7% |
| Financial charges | 65/66B | €1,212 | €1,063 | -€149 | -12.3% |
| Recurring financial charges | 65 | €1,212 | €1,063 | -€149 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €45,097 | €16,682 | -€28,415 | -63.0% |
| Income taxes | 67/77 | €12,544 | €4,446 | -€8,098 | -64.6% |
| Profit (loss) for the period | 9904 | €32,552 | €12,236 | -€20,316 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,552 | €12,236 | -€20,316 | -62.4% |
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 28 September 2026 via checked.be.