GERU: 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.
GERU
Largest movements
- Receivables within one year -€28,502
down €28,502 (-81.6%), from €34,914 to €6,412
- Cash -€8,299
down €8,299 (-89.8%), from €9,242 to €942
mainly Net result for the year (-€19,332) and Tax, wage and social debts (-€11,842)
- Tangible fixed assets -€551
down €551 (-38.7%), from €1,423 to €873
- Profit (loss) carried forward -€19,332
down €19,332 (-6.3%), from -€304,555 to -€323,887
- Tax, wage and social debts -€11,842
down €11,842 (-85.0%), from €13,935 to €2,093
- Accrued charges and deferred income -€3,652
down €3,652 (-59.3%), from €6,161 to €2,510
- Other debts -€2,775
down €2,775 (-1.1%), from €244,254 to €241,480
- Gross operating margin -€36,681
down €36,681, from €21,174 to -€15,508
- Other operating charges -€1,725
down €1,725 (-42.4%), from €4,067 to €2,342
- Financial charges -€1,592
down €1,592 (-78.6%), from €2,024 to €432
- Depreciation +€821
up €821 (+357.8%), from €230 to €1,051
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,370 | €10,948 | -€37,422 | -77.4% |
| Fixed assets | 21/28 | €1,423 | €873 | -€551 | -38.7% |
| Tangible fixed assets | 22/27 | €1,423 | €873 | -€551 | -38.7% |
| Furniture and vehicles | 24 | €1,423 | €873 | -€551 | -38.7% |
| Current assets | 29/58 | €46,946 | €10,075 | -€36,871 | -78.5% |
| Amounts receivable within one year | 40/41 | €34,914 | €6,412 | -€28,502 | -81.6% |
| Trade receivables | 40 | €34,914 | €6,412 | -€28,502 | -81.6% |
| Cash at bank and in hand | 54/58 | €9,242 | €942 | -€8,299 | -89.8% |
| Deferred charges and accrued income | 490/1 | €2,790 | €2,720 | -€70 | -2.5% |
| Total equity and liabilities | 10/49 | €48,370 | €10,948 | -€37,422 | -77.4% |
| Equity | 10/15 | -€218,369 | -€237,701 | -€19,332 | -8.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €66,187 | €66,187 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,187 | €66,187 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€304,555 | -€323,887 | -€19,332 | -6.3% |
| Amounts payable | 17/49 | €266,738 | €248,648 | -€18,090 | -6.8% |
| Amounts payable within one year | 42/48 | €260,577 | €246,138 | -€14,438 | -5.5% |
| Trade debts | 44 | €2,387 | €2,566 | +€178 | +7.5% |
| Suppliers | 440/4 | €2,387 | €2,566 | +€178 | +7.5% |
| Taxes, remuneration and social security | 45 | €13,935 | €2,093 | -€11,842 | -85.0% |
| Taxes | 450/3 | €13,935 | €2,093 | -€11,842 | -85.0% |
| Other amounts payable | 47/48 | €244,254 | €241,480 | -€2,775 | -1.1% |
| Accrued charges and deferred income | 492/3 | €6,161 | €2,510 | -€3,652 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230 | €1,051 | +€821 | +357.8% |
| Other operating charges | 640/8 | €4,067 | €2,342 | -€1,725 | -42.4% |
| Gross operating margin | 9900 | €21,174 | -€15,508 | -€36,681 | |
| Operating profit (loss) | 9901 | €16,877 | -€18,900 | -€35,777 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -7.1% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -7.1% |
| Financial charges | 65/66B | €2,024 | €432 | -€1,592 | -78.6% |
| Recurring financial charges | 65 | €2,024 | €432 | -€1,592 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €14,854 | -€19,332 | -€34,186 | |
| Profit (loss) for the period | 9904 | €14,854 | -€19,332 | -€34,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,854 | -€19,332 | -€34,186 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.