Gaéland: 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.
Gaéland
Largest movements
- Financial fixed assets +€500,000
up €500,000 (+16.7%), from €3.0m to €3.5m
- Cash -€311,682
down €311,682 (-40.4%), from €772,048 to €460,366
mainly Investment in fixed assets (net) (-€500,000) and Contributions, distributions and other (-€372,676)
- Other debts +€180,711
up €180,711 (+383%), from €47,225 to €227,936
- Debts after one year -€158,798
down €158,798 (-8.0%), from €2.0m to €1.8m
of which Financial debts: -€204,922
- Reserves +€111,869
up €111,869 (+6.9%), from €1.6m to €1.7m
of which Distributable reserves: +€200,279
- Gross operating margin +€49,195
up €49,195 (+21.8%), from €225,182 to €274,377
- Financial charges -€46,464
down €46,464 (-42.9%), from €108,344 to €61,880
- Taxes +€26,344
up €26,344 (+86.4%), from €30,507 to €56,851
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 | €3,897,764 | €4,052,787 | +€155,023 | +4.0% |
| Fixed assets | 21/28 | €3,003,317 | €3,502,123 | +€498,805 | +16.6% |
| Tangible fixed assets | 22/27 | €3,317 | €2,123 | -€1,195 | -36.0% |
| Plant, machinery and equipment | 23 | €48 | €0 | -€48 | -100% |
| Furniture and vehicles | 24 | €3,269 | €2,123 | -€1,147 | -35.1% |
| Financial fixed assets | 28 | €3,000,000 | €3,500,000 | +€500,000 | +16.7% |
| Current assets | 29/58 | €894,447 | €550,665 | -€343,782 | -38.4% |
| Amounts receivable within one year | 40/41 | €121,957 | €89,835 | -€32,121 | -26.3% |
| Trade receivables | 40 | €82,464 | €88,687 | +€6,223 | +7.5% |
| Other amounts receivable | 41 | €39,493 | €1,149 | -€38,344 | -97.1% |
| Cash at bank and in hand | 54/58 | €772,048 | €460,366 | -€311,682 | -40.4% |
| Deferred charges and accrued income | 490/1 | €442 | €464 | +€22 | +4.9% |
| Total equity and liabilities | 10/49 | €3,897,764 | €4,052,787 | +€155,023 | +4.0% |
| Equity | 10/15 | €1,629,341 | €1,741,210 | +€111,869 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,610,741 | €1,722,610 | +€111,869 | +6.9% |
| Non-distributable reserves | 130/1 | €2,468 | €2,468 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,468 | €2,468 | = | 0.0% |
| Tax-exempt reserves | 132 | €248,390 | €159,980 | -€88,410 | -35.6% |
| Distributable reserves | 133 | €1,359,883 | €1,560,162 | +€200,279 | +14.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,268,423 | €2,311,578 | +€43,155 | +1.9% |
| Amounts payable after more than one year | 17 | €1,996,788 | €1,837,990 | -€158,798 | -8.0% |
| Financial debts | 170/4 | €433,313 | €228,391 | -€204,922 | -47.3% |
| Other amounts payable | 178/9 | €1,563,475 | €1,609,599 | +€46,124 | +3.0% |
| Amounts payable within one year | 42/48 | €248,321 | €450,105 | +€201,784 | +81.3% |
| Current portion of amounts payable after more than one year | 42 | €199,415 | €204,922 | +€5,507 | +2.8% |
| Trade debts | 44 | €1,163 | €334 | -€829 | -71.2% |
| Suppliers | 440/4 | €1,163 | €334 | -€829 | -71.2% |
| Taxes, remuneration and social security | 45 | €517 | €16,913 | +€16,396 | +3,169% |
| Taxes | 450/3 | €517 | €16,913 | +€16,396 | +3,169% |
| Other amounts payable | 47/48 | €47,225 | €227,936 | +€180,711 | +383% |
| Accrued charges and deferred income | 492/3 | €23,314 | €23,482 | +€168 | +0.7% |
| Non-recurring operating income | 76A | €133 | €70 | -€64 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €961 | €1,195 | +€234 | +24.4% |
| Other operating charges | 640/8 | €1,462 | €1,487 | +€25 | +1.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €225,182 | €274,377 | +€49,195 | +21.8% |
| Operating profit (loss) | 9901 | €222,759 | €271,694 | +€48,935 | +22.0% |
| Financial income | 75/76B | €332,231 | €331,582 | -€650 | -0.2% |
| Recurring financial income | 75 | €332,231 | €331,582 | -€650 | -0.2% |
| Financial charges | 65/66B | €108,344 | €61,880 | -€46,464 | -42.9% |
| Recurring financial charges | 65 | €108,344 | €61,880 | -€46,464 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €446,646 | €541,396 | +€94,750 | +21.2% |
| Income taxes | 67/77 | €30,507 | €56,851 | +€26,344 | +86.4% |
| Profit (loss) for the period | 9904 | €416,138 | €484,545 | +€68,406 | +16.4% |
| Transfer from tax-exempt reserves | 789 | €79,960 | €88,410 | +€8,450 | +10.6% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €411,898 | €572,955 | +€161,056 | +39.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.