Geronimo+: 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.
Geronimo+
Largest movements
- Tangible fixed assets -€427,610
down €427,610 (-30.0%), from €1.4m to €997,750
of which Plant, machinery and equipment: -€289,953
- Cash -€149,160
down €149,160 (-95.0%), from €157,066 to €7,906
mainly Net result for the year (-€578,285) and Trade debts (-€317,852)
- Receivables within one year -€62,569
down €62,569 (-53.0%), from €118,114 to €55,545
of which Trade receivables: -€49,425
- Profit (loss) carried forward -€578,285
down €578,285 (-9847.5%), from -€5,872 to -€584,158
- Trade debts -€317,852
down €317,852 (-45.4%), from €700,264 to €382,412
- Other debts +€125,211
up €125,211 (+183.5%), from €68,239 to €193,450
- Current portion of long-term debt +€111,747
up €111,747 (+82.9%), from €134,824 to €246,571
- Financial charges +€238,483
up €238,483 (+522.2%), from €45,666 to €284,149
of which Non-recurring financial charges: +€232,052
- Depreciation +€105,149
up €105,149 (+38.9%), from €270,173 to €375,322
- Staff costs +€34,731
new in 2025: €34,731
- Other operating charges -€2,571
down €2,571 (-21.4%), from €12,031 to €9,460
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 | €1,725,538 | €1,068,628 | -€656,911 | -38.1% |
| Fixed assets | 21/28 | €1,431,960 | €997,750 | -€434,210 | -30.3% |
| Tangible fixed assets | 22/27 | €1,425,360 | €997,750 | -€427,610 | -30.0% |
| Plant, machinery and equipment | 23 | €557,911 | €267,958 | -€289,953 | -52.0% |
| Furniture and vehicles | 24 | €145,853 | €115,515 | -€30,338 | -20.8% |
| Leasing and similar rights | 25 | €721,595 | €610,608 | -€110,987 | -15.4% |
| Other tangible fixed assets | 26 | - | €3,669 | +€3,669 | |
| Financial fixed assets | 28 | €6,600 | €0 | -€6,600 | -100.0% |
| Current assets | 29/58 | €293,579 | €70,878 | -€222,701 | -75.9% |
| Amounts receivable within one year | 40/41 | €118,114 | €55,545 | -€62,569 | -53.0% |
| Trade receivables | 40 | €65,807 | €16,381 | -€49,425 | -75.1% |
| Other amounts receivable | 41 | €52,308 | €39,164 | -€13,144 | -25.1% |
| Cash at bank and in hand | 54/58 | €157,066 | €7,906 | -€149,160 | -95.0% |
| Deferred charges and accrued income | 490/1 | €18,398 | €7,426 | -€10,972 | -59.6% |
| Total equity and liabilities | 10/49 | €1,725,538 | €1,068,628 | -€656,911 | -38.1% |
| Equity | 10/15 | -€2,872 | -€581,158 | -€578,285 | -20132.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,872 | -€584,158 | -€578,285 | -9847.5% |
| Amounts payable | 17/49 | €1,728,411 | €1,649,785 | -€78,625 | -4.5% |
| Amounts payable after more than one year | 17 | €824,242 | €826,041 | +€1,799 | +0.2% |
| Financial debts | 170/4 | €824,242 | €826,041 | +€1,799 | +0.2% |
| Amounts payable within one year | 42/48 | €903,326 | €823,719 | -€79,607 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €134,824 | €246,571 | +€111,747 | +82.9% |
| Trade debts | 44 | €700,264 | €382,412 | -€317,852 | -45.4% |
| Suppliers | 440/4 | €700,264 | €382,412 | -€317,852 | -45.4% |
| Taxes, remuneration and social security | 45 | €0 | €1,286 | +€1,286 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | - | €1,286 | +€1,286 | |
| Other amounts payable | 47/48 | €68,239 | €193,450 | +€125,211 | +183.5% |
| Accrued charges and deferred income | 492/3 | €842 | €25 | -€817 | -97.0% |
| Remuneration, social security and pensions | 62 | - | €34,731 | +€34,731 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,173 | €375,322 | +€105,149 | +38.9% |
| Other operating charges | 640/8 | €12,031 | €9,460 | -€2,571 | -21.4% |
| Non-recurring operating charges | 66A | - | €3,965 | +€3,965 | |
| Gross operating margin | 9900 | €130,448 | €129,313 | -€1,135 | -0.9% |
| Operating profit (loss) | 9901 | -€151,756 | -€294,165 | -€142,409 | -93.8% |
| Financial income | 75/76B | €0 | €29 | +€29 | +285300.0% |
| Recurring financial income | 75 | €0 | €29 | +€29 | +285300.0% |
| Financial charges | 65/66B | €45,666 | €284,149 | +€238,483 | +522.2% |
| Recurring financial charges | 65 | €45,666 | €52,097 | +€6,431 | +14.1% |
| Non-recurring financial charges | 66B | - | €232,052 | +€232,052 | |
| Profit (loss) for the period before taxes | 9903 | -€197,422 | -€578,285 | -€380,863 | -192.9% |
| Income taxes | 67/77 | €14 | €0 | -€14 | -100.0% |
| Profit (loss) for the period | 9904 | -€197,436 | -€578,285 | -€380,849 | -192.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€197,436 | -€578,285 | -€380,849 | -192.9% |
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 6 October 2026 via checked.be.