Geruro: 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.
Geruro
Largest movements
- Receivables within one year +€358,676
up €358,676 (+109.8%), from €326,687 to €685,363
of which Trade receivables: +€281,728
- Cash -€70,016
down €70,016 (-54.1%), from €129,364 to €59,347
mainly Receivables within one year (-€358,676) and Net result for the year (-€110,560)
- Tangible fixed assets -€19,229
down €19,229 (-10.5%), from €182,773 to €163,544
- Deferred charges and accrued income +€11,414
new in 2025: €11,414
- Trade debts +€371,747
up €371,747 (+91.0%), from €408,293 to €780,040
- Profit (loss) carried forward -€110,560
down €110,560 (-43.3%), from -€255,470 to -€366,030
- Tax, wage and social debts +€17,154
up €17,154 (+163.0%), from €10,526 to €27,680
of which Taxes: +€17,574
- Debts after one year -€14,069
down €14,069 (-3.2%), from €438,258 to €424,189
- Accrued charges and deferred income +€11,813
new in 2025: €11,813
- Gross operating margin +€188,810
up €188,810, from -€180,739 to €8,071
- Staff costs +€54,424
up €54,424 (+286.2%), from €19,018 to €73,442
- Depreciation -€9,441
down €9,441 (-32.9%), from €28,670 to €19,229
- Other operating charges -€5,695
down €5,695 (-94.9%), from €5,999 to €305
- Financial charges +€4,931
up €4,931 (+23.4%), from €21,111 to €26,043
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 | €638,824 | €919,669 | +€280,845 | +44.0% |
| Fixed assets | 21/28 | €182,773 | €163,544 | -€19,229 | -10.5% |
| Tangible fixed assets | 22/27 | €182,773 | €163,544 | -€19,229 | -10.5% |
| Plant, machinery and equipment | 23 | €182,773 | €163,544 | -€19,229 | -10.5% |
| Current assets | 29/58 | €456,051 | €756,125 | +€300,074 | +65.8% |
| Amounts receivable within one year | 40/41 | €326,687 | €685,363 | +€358,676 | +109.8% |
| Trade receivables | 40 | €192,548 | €474,276 | +€281,728 | +146.3% |
| Other amounts receivable | 41 | €134,139 | €211,087 | +€76,949 | +57.4% |
| Cash at bank and in hand | 54/58 | €129,364 | €59,347 | -€70,016 | -54.1% |
| Deferred charges and accrued income | 490/1 | - | €11,414 | +€11,414 | |
| Total equity and liabilities | 10/49 | €638,824 | €919,669 | +€280,845 | +44.0% |
| Equity | 10/15 | -€240,470 | -€351,030 | -€110,560 | -46.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€255,470 | -€366,030 | -€110,560 | -43.3% |
| Amounts payable | 17/49 | €879,294 | €1,270,699 | +€391,405 | +44.5% |
| Amounts payable after more than one year | 17 | €438,258 | €424,189 | -€14,069 | -3.2% |
| Financial debts | 170/4 | €438,258 | €424,189 | -€14,069 | -3.2% |
| Amounts payable within one year | 42/48 | €441,036 | €834,697 | +€393,661 | +89.3% |
| Current portion of amounts payable after more than one year | 42 | €13,421 | €14,069 | +€648 | +4.8% |
| Trade debts | 44 | €408,293 | €780,040 | +€371,747 | +91.0% |
| Suppliers | 440/4 | €408,293 | €780,040 | +€371,747 | +91.0% |
| Taxes, remuneration and social security | 45 | €10,526 | €27,680 | +€17,154 | +163.0% |
| Taxes | 450/3 | €832 | €18,406 | +€17,574 | +2112.0% |
| Remuneration and social security | 454/9 | €9,694 | €9,274 | -€421 | -4.3% |
| Other amounts payable | 47/48 | €8,795 | €12,908 | +€4,113 | +46.8% |
| Accrued charges and deferred income | 492/3 | - | €11,813 | +€11,813 | |
| Remuneration, social security and pensions | 62 | €19,018 | €73,442 | +€54,424 | +286.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,670 | €19,229 | -€9,441 | -32.9% |
| Other operating charges | 640/8 | €5,999 | €305 | -€5,695 | -94.9% |
| Gross operating margin | 9900 | -€180,739 | €8,071 | +€188,810 | |
| Operating profit (loss) | 9901 | -€234,426 | -€84,904 | +€149,522 | +63.8% |
| Financial income | 75/76B | €68 | €387 | +€319 | +472.9% |
| Recurring financial income | 75 | €68 | €387 | +€319 | +472.9% |
| Financial charges | 65/66B | €21,111 | €26,043 | +€4,931 | +23.4% |
| Recurring financial charges | 65 | €21,111 | €26,043 | +€4,931 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | -€255,470 | -€110,560 | +€144,910 | +56.7% |
| Profit (loss) for the period | 9904 | -€255,470 | -€110,560 | +€144,910 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€255,470 | -€110,560 | +€144,910 | +56.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.