GERTOVA: 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.
GERTOVA
Largest movements
- Cash -€109,626
down €109,626 (-85.0%), from €128,917 to €19,291
mainly Current portion of long-term debt (-€57,000) and Investment in fixed assets (net) (-€48,995)
- Current portion of long-term debt -€57,000
down €57,000 (-100.0%), from €57,000 to €0
- Financial income -€289,704
down €289,704 (-100.0%), from €289,704 to €0
- Gross operating margin +€4,945
up €4,945 (+57.9%), from -€8,543 to -€3,598
- Financial charges +€556
up €556 (+383.7%), from €145 to €701
- Other operating charges +€152
up €152 (+202.2%), from €75 to €227
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 | €5,320,147 | €5,259,516 | -€60,631 | -1.1% |
| Fixed assets | 21/28 | €5,191,230 | €5,240,225 | +€48,995 | +0.9% |
| Financial fixed assets | 28 | €5,191,230 | €5,240,225 | +€48,995 | +0.9% |
| Current assets | 29/58 | €128,917 | €19,291 | -€109,626 | -85.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €128,917 | €19,291 | -€109,626 | -85.0% |
| Total equity and liabilities | 10/49 | €5,320,147 | €5,259,516 | -€60,631 | -1.1% |
| Equity | 10/15 | €5,260,652 | €5,256,126 | -€4,525 | -0.1% |
| Contributions | 10/11 | €621,715 | €621,715 | = | 0.0% |
| Reserves | 13 | €95,824 | €91,299 | -€4,525 | -4.7% |
| Distributable reserves | 133 | €95,824 | €91,299 | -€4,525 | -4.7% |
| Profit (loss) carried forward | 14 | €4,543,112 | €4,543,112 | = | 0.0% |
| Amounts payable | 17/49 | €59,496 | €3,390 | -€56,106 | -94.3% |
| Amounts payable within one year | 42/48 | €59,496 | €3,390 | -€56,106 | -94.3% |
| Current portion of amounts payable after more than one year | 42 | €57,000 | €0 | -€57,000 | -100.0% |
| Trade debts | 44 | €46 | €940 | +€894 | +1958.8% |
| Suppliers | 440/4 | €46 | €940 | +€894 | +1958.8% |
| Taxes, remuneration and social security | 45 | €2,450 | €2,450 | = | 0.0% |
| Taxes | 450/3 | €2,450 | €2,450 | = | 0.0% |
| Other operating charges | 640/8 | €75 | €227 | +€152 | +202.2% |
| Gross operating margin | 9900 | -€8,543 | -€3,598 | +€4,945 | +57.9% |
| Operating profit (loss) | 9901 | -€8,618 | -€3,824 | +€4,793 | +55.6% |
| Financial income | 75/76B | €289,704 | €0 | -€289,704 | -100.0% |
| Recurring financial income | 75 | €289,704 | €0 | -€289,704 | -100.0% |
| Financial charges | 65/66B | €145 | €701 | +€556 | +383.7% |
| Recurring financial charges | 65 | €145 | €701 | +€556 | +383.7% |
| Profit (loss) for the period before taxes | 9903 | €280,941 | -€4,525 | -€285,466 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €280,941 | -€4,525 | -€285,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €280,941 | -€4,525 | -€285,466 |
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.