S & S GERIMAR: 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.
S & S GERIMAR
Largest movements
- Receivables within one year +€2,553
up €2,553 (+826%), from €309 to €2,862
of which Trade receivables: +€2,776
- Tangible fixed assets -€1,568
down €1,568 (-1.7%), from €92,569 to €91,001
- Cash +€1,106
up €1,106 (+101%), from €1,090 to €2,196
mainly Net result for the year (+€21,097) and Depreciation (+€6,166)
- Profit (loss) carried forward +€21,097
up €21,097 (+16.5%), from -€127,579 to -€106,482
- Other debts -€13,277
down €13,277 (-9.1%), from €145,638 to €132,361
- Tax, wage and social debts -€7,704
down €7,704 (-78.2%), from €9,850 to €2,147
- Current portion of long-term debt +€1,934
new in 2025: €1,934
- Gross operating margin +€11,637
up €11,637 (+38.6%), from €30,148 to €41,785
- Taxes +€1,920
up €1,920 (+30.8%), from €6,226 to €8,147
- Depreciation +€1,859
up €1,859 (+43.1%), from €4,308 to €6,166
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 | €94,117 | €96,207 | +€2,090 | +2.2% |
| Fixed assets | 21/28 | €92,718 | €91,149 | -€1,568 | -1.7% |
| Tangible fixed assets | 22/27 | €92,569 | €91,001 | -€1,568 | -1.7% |
| Land and buildings | 22 | €92,569 | €91,001 | -€1,568 | -1.7% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €1,399 | €5,058 | +€3,659 | +261% |
| Amounts receivable within one year | 40/41 | €309 | €2,862 | +€2,553 | +826% |
| Trade receivables | 40 | - | €2,776 | +€2,776 | |
| Other amounts receivable | 41 | €309 | €86 | -€223 | -72.1% |
| Cash at bank and in hand | 54/58 | €1,090 | €2,196 | +€1,106 | +101% |
| Total equity and liabilities | 10/49 | €94,117 | €96,207 | +€2,090 | +2.2% |
| Equity | 10/15 | -€62,119 | -€41,022 | +€21,097 | +34.0% |
| Contributions | 10/11 | €63,213 | €63,213 | = | 0.0% |
| Capital | 10 | €63,213 | €63,213 | = | 0.0% |
| Issued capital | 100 | €63,213 | €63,213 | = | 0.0% |
| Reserves | 13 | €2,247 | €2,247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,247 | €2,247 | = | 0.0% |
| Legal reserve | 130 | €2,247 | €2,247 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,579 | -€106,482 | +€21,097 | +16.5% |
| Amounts payable | 17/49 | €156,235 | €137,229 | -€19,007 | -12.2% |
| Amounts payable within one year | 42/48 | €156,235 | €137,229 | -€19,007 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | - | €1,934 | +€1,934 | |
| Trade debts | 44 | €748 | €788 | +€40 | +5.4% |
| Suppliers | 440/4 | €748 | €788 | +€40 | +5.4% |
| Taxes, remuneration and social security | 45 | €9,850 | €2,147 | -€7,704 | -78.2% |
| Taxes | 450/3 | €9,850 | €2,147 | -€7,704 | -78.2% |
| Other amounts payable | 47/48 | €145,638 | €132,361 | -€13,277 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,308 | €6,166 | +€1,859 | +43.1% |
| Other operating charges | 640/8 | €6,203 | €6,315 | +€112 | +1.8% |
| Gross operating margin | 9900 | €30,148 | €41,785 | +€11,637 | +38.6% |
| Operating profit (loss) | 9901 | €19,637 | €29,304 | +€9,666 | +49.2% |
| Financial charges | 65/66B | €84 | €60 | -€24 | -28.2% |
| Recurring financial charges | 65 | €84 | €60 | -€24 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €19,554 | €29,244 | +€9,690 | +49.6% |
| Income taxes | 67/77 | €6,226 | €8,147 | +€1,920 | +30.8% |
| Profit (loss) for the period | 9904 | €13,327 | €21,097 | +€7,770 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,327 | €21,097 | +€7,770 | +58.3% |
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 24 October 2026 via checked.be.