GETHERM: 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.
GETHERM
Largest movements
- Receivables within one year -€78,338
down €78,338 (-71.0%), from €110,322 to €31,984
of which Trade receivables: -€42,684
- Cash +€16,953
up €16,953 (+51.9%), from €32,646 to €49,599
mainly Receivables within one year (+€78,338) and Net result for the year (+€22,988)
- Tangible fixed assets +€13,299
up €13,299 (+169%), from €7,869 to €21,168
of which Furniture and vehicles: +€13,031
- Deferred charges and accrued income -€2,587
down €2,587 (-63.1%), from €4,101 to €1,514
- Other debts -€62,454
down €62,454 (-97.0%), from €64,384 to €1,929
- Trade debts +€6,048
up €6,048 (+11.5%), from €52,437 to €58,485
- Profit (loss) carried forward +€5,488
new in 2025: €5,488
- Gross operating margin -€81,787
down €81,787 (-57.8%), from €141,411 to €59,623
- Staff costs -€38,930
down €38,930 (-84.6%), from €46,037 to €7,107
- Other operating charges +€10,368
up €10,368 (+2,677%), from €387 to €10,756
- Taxes -€7,462
down €7,462 (-40.1%), from €18,604 to €11,142
- Financial charges -€3,745
down €3,745 (-45.2%), from €8,277 to €4,533
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 | €156,876 | €106,203 | -€50,673 | -32.3% |
| Fixed assets | 21/28 | €9,807 | €23,106 | +€13,299 | +136% |
| Tangible fixed assets | 22/27 | €7,869 | €21,168 | +€13,299 | +169% |
| Plant, machinery and equipment | 23 | €637 | €905 | +€268 | +42.1% |
| Furniture and vehicles | 24 | €7,232 | €20,263 | +€13,031 | +180% |
| Financial fixed assets | 28 | €1,938 | €1,938 | = | 0.0% |
| Current assets | 29/58 | €147,069 | €83,097 | -€63,972 | -43.5% |
| Amounts receivable within one year | 40/41 | €110,322 | €31,984 | -€78,338 | -71.0% |
| Trade receivables | 40 | €74,182 | €31,498 | -€42,684 | -57.5% |
| Other amounts receivable | 41 | €36,141 | €487 | -€35,654 | -98.7% |
| Cash at bank and in hand | 54/58 | €32,646 | €49,599 | +€16,953 | +51.9% |
| Deferred charges and accrued income | 490/1 | €4,101 | €1,514 | -€2,587 | -63.1% |
| Total equity and liabilities | 10/49 | €156,876 | €106,203 | -€50,673 | -32.3% |
| Equity | 10/15 | €8,060 | €13,548 | +€5,488 | +68.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | - | €5,488 | +€5,488 | |
| Amounts payable | 17/49 | €148,816 | €92,655 | -€56,160 | -37.7% |
| Amounts payable within one year | 42/48 | €148,753 | €92,556 | -€56,197 | -37.8% |
| Trade debts | 44 | €52,437 | €58,485 | +€6,048 | +11.5% |
| Suppliers | 440/4 | €52,437 | €58,485 | +€6,048 | +11.5% |
| Taxes, remuneration and social security | 45 | €31,932 | €32,141 | +€209 | +0.7% |
| Taxes | 450/3 | €30,189 | €32,141 | +€1,951 | +6.5% |
| Remuneration and social security | 454/9 | €1,743 | - | -€1,743 | |
| Other amounts payable | 47/48 | €64,384 | €1,929 | -€62,454 | -97.0% |
| Accrued charges and deferred income | 492/3 | €62 | €100 | +€37 | +59.6% |
| Non-recurring operating income | 76A | €1,422 | - | -€1,422 | |
| Remuneration, social security and pensions | 62 | €46,037 | €7,107 | -€38,930 | -84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,261 | €3,372 | +€111 | +3.4% |
| Other operating charges | 640/8 | €387 | €10,756 | +€10,368 | +2,677% |
| Non-recurring operating charges | 66A | €1,383 | - | -€1,383 | |
| Gross operating margin | 9900 | €141,411 | €59,623 | -€81,787 | -57.8% |
| Operating profit (loss) | 9901 | €90,343 | €38,390 | -€51,954 | -57.5% |
| Financial income | 75/76B | €171 | €272 | +€101 | +58.8% |
| Recurring financial income | 75 | €171 | €272 | +€101 | +58.8% |
| Financial charges | 65/66B | €8,277 | €4,533 | -€3,745 | -45.2% |
| Recurring financial charges | 65 | €8,277 | €4,533 | -€3,745 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €82,237 | €34,129 | -€48,108 | -58.5% |
| Income taxes | 67/77 | €18,604 | €11,142 | -€7,462 | -40.1% |
| Profit (loss) for the period | 9904 | €63,633 | €22,988 | -€40,646 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,633 | €22,988 | -€40,646 | -63.9% |
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 16 October 2026 via checked.be.