GERYBEL: 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.
GERYBEL
Largest movements
- Receivables within one year +€127,114
up €127,114 (+120.4%), from €105,588 to €232,702
of which Trade receivables: +€231,438
- Intangible fixed assets -€125,000
down €125,000 (-12.2%), from €1.0m to €895,833
- Tangible fixed assets -€73,843
down €73,843 (-13.1%), from €561,655 to €487,812
of which Other tangible fixed assets: -€46,083
- Cash -€20,000
down €20,000 (-76.3%), from €26,216 to €6,216
mainly Net result for the year (-€308,454) and Receivables within one year (-€127,114)
- Profit (loss) carried forward -€308,454
down €308,454 (-35.8%), from -€861,836 to -€1.2m
- Trade debts +€174,513
up €174,513 (+179.6%), from €97,159 to €271,672
- Other debts +€75,755
up €75,755 (+3.4%), from €2.2m to €2.3m
- Advances received -€18,539
no longer reported in 2025 (was €18,539)
- Staff costs -€171,509
down €171,509 (-16.3%), from €1.0m to €877,764
- Gross operating margin -€52,896
down €52,896 (-6.2%), from €858,629 to €805,733
- Financial charges +€19,504
up €19,504 (+53.4%), from €36,509 to €56,014
- Other operating charges -€9,604
down €9,604 (-28.0%), from €34,292 to €24,688
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 | €1,757,786 | €1,666,437 | -€91,349 | -5.2% |
| Fixed assets | 21/28 | €1,582,488 | €1,383,645 | -€198,843 | -12.6% |
| Intangible fixed assets | 21 | €1,020,833 | €895,833 | -€125,000 | -12.2% |
| Tangible fixed assets | 22/27 | €561,655 | €487,812 | -€73,843 | -13.1% |
| Plant, machinery and equipment | 23 | €49,464 | €35,419 | -€14,045 | -28.4% |
| Furniture and vehicles | 24 | €61,942 | €48,227 | -€13,715 | -22.1% |
| Other tangible fixed assets | 26 | €450,248 | €404,165 | -€46,083 | -10.2% |
| Current assets | 29/58 | €175,298 | €282,792 | +€107,494 | +61.3% |
| Stocks and contracts in progress | 3 | €39,531 | €39,531 | = | 0.0% |
| Stocks | 30/36 | €39,531 | €39,531 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,588 | €232,702 | +€127,114 | +120.4% |
| Trade receivables | 40 | - | €231,438 | +€231,438 | |
| Other amounts receivable | 41 | €105,588 | €1,264 | -€104,324 | -98.8% |
| Cash at bank and in hand | 54/58 | €26,216 | €6,216 | -€20,000 | -76.3% |
| Deferred charges and accrued income | 490/1 | €3,964 | €4,344 | +€380 | +9.6% |
| Total equity and liabilities | 10/49 | €1,757,786 | €1,666,437 | -€91,349 | -5.2% |
| Equity | 10/15 | -€786,836 | -€1,095,290 | -€308,454 | -39.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | - | -€75,000 | |
| Issued capital | 100 | €75,000 | - | -€75,000 | |
| Outside capital | 11 | - | €75,000 | +€75,000 | |
| Share premium | 1100/10 | - | €75,000 | +€75,000 | |
| Profit (loss) carried forward | 14 | -€861,836 | -€1,170,290 | -€308,454 | -35.8% |
| Amounts payable | 17/49 | €2,544,621 | €2,761,727 | +€217,105 | +8.5% |
| Amounts payable within one year | 42/48 | €2,544,621 | €2,761,727 | +€217,105 | +8.5% |
| Trade debts | 44 | €97,159 | €271,672 | +€174,513 | +179.6% |
| Suppliers | 440/4 | €97,159 | €271,672 | +€174,513 | +179.6% |
| Advances received on contracts in progress | 46 | €18,539 | - | -€18,539 | |
| Taxes, remuneration and social security | 45 | €224,771 | €210,146 | -€14,625 | -6.5% |
| Taxes | 450/3 | €148,092 | €104,152 | -€43,939 | -29.7% |
| Remuneration and social security | 454/9 | €76,679 | €105,994 | +€29,315 | +38.2% |
| Other amounts payable | 47/48 | €2,204,153 | €2,279,908 | +€75,755 | +3.4% |
| Non-recurring operating income | 76A | - | €8,763 | +€8,763 | |
| Remuneration, social security and pensions | 62 | €1,049,273 | €877,764 | -€171,509 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,828 | €204,843 | +€2,014 | +1.0% |
| Other operating charges | 640/8 | €34,292 | €24,688 | -€9,604 | -28.0% |
| Gross operating margin | 9900 | €858,629 | €805,733 | -€52,896 | -6.2% |
| Operating profit (loss) | 9901 | -€427,764 | -€301,561 | +€126,203 | +29.5% |
| Financial income | 75/76B | €49,371 | €49,362 | -€9 | 0.0% |
| Recurring financial income | 75 | €174 | €255 | +€82 | +46.9% |
| Non-recurring financial income | 76B | €49,197 | €49,107 | -€90 | -0.2% |
| Financial charges | 65/66B | €36,509 | €56,014 | +€19,504 | +53.4% |
| Recurring financial charges | 65 | €36,509 | €56,014 | +€19,504 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | -€414,902 | -€308,213 | +€106,690 | +25.7% |
| Income taxes | 67/77 | €417 | €241 | -€176 | -42.2% |
| Profit (loss) for the period | 9904 | -€415,319 | -€308,454 | +€106,866 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€415,319 | -€308,454 | +€106,866 | +25.7% |
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 29 September 2026 via checked.be.