GERIX: 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.
GERIX
Largest movements
- Current investments +€52,918
up €52,918 (+16.3%), from €325,284 to €378,202
- Tangible fixed assets -€13,218
down €13,218 (-5.5%), from €241,637 to €228,419
of which Leasing and similar rights: -€12,249
- Receivables within one year +€12,788
up €12,788 (+12.3%), from €104,257 to €117,045
- Cash -€10,078
down €10,078 (-8.9%), from €113,487 to €103,409
mainly Contributions, distributions and other (-€117,250) and Current investments (-€52,918)
- Other debts +€32,803
up €32,803 (+36.3%), from €90,442 to €123,245
- Reserves +€18,994
up €18,994 (+2.9%), from €644,210 to €663,204
- Gross operating margin -€55,442
down €55,442 (-20.5%), from €270,903 to €215,461
- Taxes -€20,598
down €20,598 (-26.3%), from €78,193 to €57,595
- Depreciation +€14,634
up €14,634 (+161%), from €9,077 to €23,711
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 | €788,441 | €830,763 | +€42,322 | +5.4% |
| Fixed assets | 21/28 | €241,686 | €228,468 | -€13,218 | -5.5% |
| Tangible fixed assets | 22/27 | €241,637 | €228,419 | -€13,218 | -5.5% |
| Land and buildings | 22 | €135,000 | €135,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €4,400 | +€4,400 | |
| Furniture and vehicles | 24 | €17,380 | €12,010 | -€5,369 | -30.9% |
| Leasing and similar rights | 25 | €59,670 | €47,422 | -€12,249 | -20.5% |
| Assets under construction and advance payments | 27 | €29,587 | €29,587 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €546,755 | €602,295 | +€55,540 | +10.2% |
| Amounts receivable within one year | 40/41 | €104,257 | €117,045 | +€12,788 | +12.3% |
| Other amounts receivable | 41 | €104,257 | €117,045 | +€12,788 | +12.3% |
| Current investments | 50/53 | €325,284 | €378,202 | +€52,918 | +16.3% |
| Cash at bank and in hand | 54/58 | €113,487 | €103,409 | -€10,078 | -8.9% |
| Deferred charges and accrued income | 490/1 | €3,727 | €3,639 | -€88 | -2.4% |
| Total equity and liabilities | 10/49 | €788,441 | €830,763 | +€42,322 | +5.4% |
| Equity | 10/15 | €650,688 | €669,683 | +€18,995 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €644,210 | €663,204 | +€18,994 | +2.9% |
| Distributable reserves | 133 | €644,210 | €663,204 | +€18,994 | +2.9% |
| Profit (loss) carried forward | 14 | €278 | €279 | +€1 | +0.2% |
| Amounts payable | 17/49 | €137,753 | €161,081 | +€23,327 | +16.9% |
| Amounts payable after more than one year | 17 | €29,479 | €22,106 | -€7,373 | -25.0% |
| Financial debts | 170/4 | €29,354 | €21,981 | -€7,373 | -25.1% |
| Other amounts payable | 178/9 | €125 | €125 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,935 | €137,098 | +€33,163 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €7,181 | €7,373 | +€192 | +2.7% |
| Trade debts | 44 | €6,312 | €2,500 | -€3,812 | -60.4% |
| Suppliers | 440/4 | €6,312 | €2,500 | -€3,812 | -60.4% |
| Taxes, remuneration and social security | 45 | - | €3,980 | +€3,980 | |
| Remuneration and social security | 454/9 | - | €3,980 | +€3,980 | |
| Other amounts payable | 47/48 | €90,442 | €123,245 | +€32,803 | +36.3% |
| Accrued charges and deferred income | 492/3 | €4,339 | €1,877 | -€2,463 | -56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,077 | €23,711 | +€14,634 | +161% |
| Other operating charges | 640/8 | €2,019 | €959 | -€1,060 | -52.5% |
| Gross operating margin | 9900 | €270,903 | €215,461 | -€55,442 | -20.5% |
| Operating profit (loss) | 9901 | €259,808 | €190,791 | -€69,017 | -26.6% |
| Financial income | 75/76B | €4,222 | €5,846 | +€1,624 | +38.5% |
| Recurring financial income | 75 | €4,222 | €5,846 | +€1,624 | +38.5% |
| Financial charges | 65/66B | €4,862 | €2,798 | -€2,065 | -42.5% |
| Recurring financial charges | 65 | €4,862 | €2,798 | -€2,065 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €259,167 | €193,839 | -€65,328 | -25.2% |
| Income taxes | 67/77 | €78,193 | €57,595 | -€20,598 | -26.3% |
| Profit (loss) for the period | 9904 | €180,974 | €136,245 | -€44,730 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €180,974 | €136,245 | -€44,730 | -24.7% |
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 28 October 2026 via checked.be.