Gerycam: 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.
Gerycam
Largest movements
- Receivables within one year -€34,348
down €34,348 (-70.6%), from €48,624 to €14,276
of which Trade receivables: -€30,170
- Tangible fixed assets -€28,683
down €28,683 (-18.9%), from €152,161 to €123,478
of which Land and buildings: -€17,210
- Cash +€4,816
up €4,816 (+117.4%), from €4,104 to €8,920
mainly Receivables within one year (+€34,348) and Depreciation (+€34,257)
- Debts after one year -€24,243
down €24,243 (-43.8%), from €55,338 to €31,095
- Profit (loss) carried forward -€20,323
down €20,323 (-72.4%), from -€28,076 to -€48,400
- Other debts -€10,239
down €10,239 (-20.3%), from €50,339 to €40,100
- Trade debts -€2,120
down €2,120 (-60.1%), from €3,530 to €1,410
- Tax, wage and social debts -€2,111
down €2,111 (-44.8%), from €4,712 to €2,601
- Gross operating margin +€2,393
up €2,393 (+13.5%), from €17,678 to €20,071
- Financial income -€245
down €245 (-32.1%), from €764 to €519
- Financial charges -€209
down €209 (-5.4%), from €3,849 to €3,640
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 | €207,087 | €148,825 | -€58,262 | -28.1% |
| Fixed assets | 21/28 | €152,161 | €123,478 | -€28,683 | -18.9% |
| Tangible fixed assets | 22/27 | €152,161 | €123,478 | -€28,683 | -18.9% |
| Land and buildings | 22 | €126,891 | €109,681 | -€17,210 | -13.6% |
| Plant, machinery and equipment | 23 | €17,419 | €9,298 | -€8,120 | -46.6% |
| Furniture and vehicles | 24 | €2,022 | €1,633 | -€389 | -19.3% |
| Leasing and similar rights | 25 | €5,829 | €2,866 | -€2,963 | -50.8% |
| Current assets | 29/58 | €54,926 | €25,347 | -€29,579 | -53.9% |
| Amounts receivable within one year | 40/41 | €48,624 | €14,276 | -€34,348 | -70.6% |
| Trade receivables | 40 | €44,445 | €14,276 | -€30,170 | -67.9% |
| Other amounts receivable | 41 | €4,178 | - | -€4,178 | |
| Cash at bank and in hand | 54/58 | €4,104 | €8,920 | +€4,816 | +117.4% |
| Deferred charges and accrued income | 490/1 | €2,199 | €2,152 | -€47 | -2.1% |
| Total equity and liabilities | 10/49 | €207,087 | €148,825 | -€58,262 | -28.1% |
| Equity | 10/15 | €69,700 | €49,376 | -€20,323 | -29.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €79,184 | €79,184 | = | 0.0% |
| Distributable reserves | 133 | €79,184 | €79,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,076 | -€48,400 | -€20,323 | -72.4% |
| Amounts payable | 17/49 | €137,387 | €99,449 | -€37,939 | -27.6% |
| Amounts payable after more than one year | 17 | €55,338 | €31,095 | -€24,243 | -43.8% |
| Financial debts | 170/4 | €55,338 | €31,095 | -€24,243 | -43.8% |
| Amounts payable within one year | 42/48 | €82,050 | €68,354 | -€13,696 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €20,659 | €21,338 | +€679 | +3.3% |
| Financial debts | 43 | €2,809 | €2,905 | +€96 | +3.4% |
| Credit institutions | 430/8 | €2,809 | €2,905 | +€96 | +3.4% |
| Trade debts | 44 | €3,530 | €1,410 | -€2,120 | -60.1% |
| Suppliers | 440/4 | €3,530 | €1,410 | -€2,120 | -60.1% |
| Taxes, remuneration and social security | 45 | €4,712 | €2,601 | -€2,111 | -44.8% |
| Taxes | 450/3 | €4,712 | €2,601 | -€2,111 | -44.8% |
| Other amounts payable | 47/48 | €50,339 | €40,100 | -€10,239 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,176 | €34,257 | +€81 | +0.2% |
| Other operating charges | 640/8 | €2,142 | €2,184 | +€41 | +1.9% |
| Non-recurring operating charges | 66A | - | €537 | +€537 | |
| Gross operating margin | 9900 | €17,678 | €20,071 | +€2,393 | +13.5% |
| Operating profit (loss) | 9901 | -€18,640 | -€16,907 | +€1,733 | +9.3% |
| Financial income | 75/76B | €764 | €519 | -€245 | -32.1% |
| Recurring financial income | 75 | €764 | €519 | -€245 | -32.1% |
| Financial charges | 65/66B | €3,849 | €3,640 | -€209 | -5.4% |
| Recurring financial charges | 65 | €3,849 | €3,640 | -€209 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,725 | -€20,028 | +€1,697 | +7.8% |
| Income taxes | 67/77 | €321 | €295 | -€26 | -8.2% |
| Profit (loss) for the period | 9904 | -€22,047 | -€20,323 | +€1,723 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,047 | -€20,323 | +€1,723 | +7.8% |
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 10 October 2026 via checked.be.