GERU Consultancy: 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.
GERU Consultancy
Largest movements
- Receivables within one year -€41,847
down €41,847 (-62.7%), from €66,703 to €24,856
of which Trade receivables: -€51,860
- Cash +€27,045
up €27,045 (+70.5%), from €38,385 to €65,430
mainly Net result for the year (+€61,470) and Receivables within one year (+€41,847)
- Receivables after one year +€21,725
up €21,725 (+32.7%), from €66,528 to €88,253
- Deferred charges and accrued income +€6,991
new in 2025: €6,991
- Current investments -€6,315
down €6,315 (-100%), from €6,315 to €0
- Reserves +€61,470
up €61,470 (+61.7%), from €99,695 to €161,165
- Trade debts -€45,850
down €45,850 (-97.2%), from €47,163 to €1,313
- Tax, wage and social debts -€5,250
down €5,250 (-14.5%), from €36,248 to €30,999
- Gross operating margin +€16,282
up €16,282 (+23.8%), from €68,319 to €84,601
- Taxes +€4,666
up €4,666 (+35.6%), from €13,092 to €17,758
- Financial income +€2,959
up €2,959 (+543%), from €545 to €3,504
- Financial charges -€1,852
down €1,852 (-22.3%), from €8,306 to €6,454
- Depreciation +€1,009
up €1,009 (+176%), from €572 to €1,581
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 | €185,881 | €195,865 | +€9,984 | +5.4% |
| Fixed assets | 21/28 | €7,949 | €10,336 | +€2,387 | +30.0% |
| Tangible fixed assets | 22/27 | €6,097 | €5,822 | -€276 | -4.5% |
| Furniture and vehicles | 24 | €6,097 | €5,822 | -€276 | -4.5% |
| Financial fixed assets | 28 | €1,852 | €4,514 | +€2,662 | +144% |
| Current assets | 29/58 | €177,931 | €185,529 | +€7,598 | +4.3% |
| Amounts receivable after more than one year | 29 | €66,528 | €88,253 | +€21,725 | +32.7% |
| Other amounts receivable | 291 | €66,528 | €88,253 | +€21,725 | +32.7% |
| Amounts receivable within one year | 40/41 | €66,703 | €24,856 | -€41,847 | -62.7% |
| Trade receivables | 40 | €66,158 | €14,298 | -€51,860 | -78.4% |
| Other amounts receivable | 41 | €545 | €10,558 | +€10,013 | +1,836% |
| Current investments | 50/53 | €6,315 | €0 | -€6,315 | -100% |
| Cash at bank and in hand | 54/58 | €38,385 | €65,430 | +€27,045 | +70.5% |
| Deferred charges and accrued income | 490/1 | - | €6,991 | +€6,991 | |
| Total equity and liabilities | 10/49 | €185,881 | €195,865 | +€9,984 | +5.4% |
| Equity | 10/15 | €101,695 | €163,165 | +€61,470 | +60.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €99,695 | €161,165 | +€61,470 | +61.7% |
| Distributable reserves | 133 | €99,695 | €161,165 | +€61,470 | +61.7% |
| Amounts payable | 17/49 | €84,186 | €32,701 | -€51,485 | -61.2% |
| Amounts payable within one year | 42/48 | €83,411 | €32,312 | -€51,100 | -61.3% |
| Trade debts | 44 | €47,163 | €1,313 | -€45,850 | -97.2% |
| Suppliers | 440/4 | €47,163 | €1,313 | -€45,850 | -97.2% |
| Taxes, remuneration and social security | 45 | €36,248 | €30,999 | -€5,250 | -14.5% |
| Taxes | 450/3 | €36,248 | €30,999 | -€5,250 | -14.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €775 | €389 | -€386 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €572 | €1,581 | +€1,009 | +176% |
| Other operating charges | 640/8 | €1,159 | €843 | -€316 | -27.3% |
| Gross operating margin | 9900 | €68,319 | €84,601 | +€16,282 | +23.8% |
| Operating profit (loss) | 9901 | €66,588 | €82,177 | +€15,590 | +23.4% |
| Financial income | 75/76B | €545 | €3,504 | +€2,959 | +543% |
| Recurring financial income | 75 | €545 | €3,504 | +€2,959 | +543% |
| Financial charges | 65/66B | €8,306 | €6,454 | -€1,852 | -22.3% |
| Recurring financial charges | 65 | €8,306 | €6,454 | -€1,852 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €58,827 | €79,228 | +€20,401 | +34.7% |
| Income taxes | 67/77 | €13,092 | €17,758 | +€4,666 | +35.6% |
| Profit (loss) for the period | 9904 | €45,736 | €61,470 | +€15,734 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,736 | €61,470 | +€15,734 | +34.4% |
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 15 October 2026 via checked.be.