GC ELLA: 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.
GC ELLA
Largest movements
- Receivables within one year -€24,577
down €24,577 (-61.4%), from €40,019 to €15,442
of which Trade receivables: -€28,653
- Cash -€20,080
down €20,080 (-72.6%), from €27,643 to €7,562
mainly Trade debts (-€13,576) and Net result for the year (-€11,784)
- Receivables after one year +€4,151
up €4,151 (+47.6%), from €8,718 to €12,869
of which Trade receivables: +€2,262
- Trade debts -€13,576
no longer reported in 2025 (was €13,576)
- Profit (loss) carried forward -€11,784
down €11,784 (-28.6%), from €41,175 to €29,391
- Accrued charges and deferred income -€9,542
no longer reported in 2025 (was €9,542)
- Advances received -€3,000
no longer reported in 2025 (was €3,000)
- Tax, wage and social debts -€2,810
no longer reported in 2025 (was €2,810)
- Gross operating margin -€24,414
down €24,414, from €21,048 to -€3,366
- Other operating charges +€422
up €422 (+73.3%), from €575 to €997
- Taxes -€290
down €290 (-10.5%), from €2,761 to €2,471
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 | €76,770 | €36,058 | -€40,712 | -53.0% |
| Fixed assets | 21/28 | €389 | €184 | -€205 | -52.7% |
| Tangible fixed assets | 22/27 | €389 | €184 | -€205 | -52.7% |
| Plant, machinery and equipment | 23 | €389 | €184 | -€205 | -52.7% |
| Current assets | 29/58 | €76,380 | €35,874 | -€40,507 | -53.0% |
| Amounts receivable after more than one year | 29 | €8,718 | €12,869 | +€4,151 | +47.6% |
| Trade receivables | 290 | - | €2,262 | +€2,262 | |
| Other amounts receivable | 291 | €8,718 | €10,607 | +€1,888 | +21.7% |
| Amounts receivable within one year | 40/41 | €40,019 | €15,442 | -€24,577 | -61.4% |
| Trade receivables | 40 | €40,014 | €11,361 | -€28,653 | -71.6% |
| Other amounts receivable | 41 | €5 | €4,081 | +€4,076 | +80,710% |
| Cash at bank and in hand | 54/58 | €27,643 | €7,562 | -€20,080 | -72.6% |
| Total equity and liabilities | 10/49 | €76,770 | €36,058 | -€40,712 | -53.0% |
| Equity | 10/15 | €47,842 | €36,058 | -€11,784 | -24.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €667 | €667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €667 | €667 | = | 0.0% |
| Other | 1319 | €667 | €667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,175 | €29,391 | -€11,784 | -28.6% |
| Amounts payable | 17/49 | €28,927 | - | -€28,927 | |
| Amounts payable within one year | 42/48 | €19,386 | - | -€19,386 | |
| Trade debts | 44 | €13,576 | - | -€13,576 | |
| Suppliers | 440/4 | €13,576 | - | -€13,576 | |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €2,810 | - | -€2,810 | |
| Taxes | 450/3 | €2,810 | - | -€2,810 | |
| Accrued charges and deferred income | 492/3 | €9,542 | - | -€9,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | €205 | +€1 | +0.6% |
| Other operating charges | 640/8 | €575 | €997 | +€422 | +73.3% |
| Non-recurring operating charges | 66A | - | €4,490 | +€4,490 | |
| Gross operating margin | 9900 | €21,048 | -€3,366 | -€24,414 | |
| Operating profit (loss) | 9901 | €20,269 | -€9,058 | -€29,327 | |
| Financial income | 75/76B | €0 | €83 | +€83 | +27,583% |
| Recurring financial income | 75 | €0 | €83 | +€83 | +27,583% |
| Financial charges | 65/66B | €162 | €338 | +€176 | +108% |
| Recurring financial charges | 65 | €162 | €338 | +€176 | +108% |
| Profit (loss) for the period before taxes | 9903 | €20,107 | -€9,313 | -€29,421 | |
| Income taxes | 67/77 | €2,761 | €2,471 | -€290 | -10.5% |
| Profit (loss) for the period | 9904 | €17,347 | -€11,784 | -€29,131 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,347 | -€11,784 | -€29,131 |
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 19 October 2026 via checked.be.