GEALOIS: 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.
GEALOIS
Largest movements
- Cash +€55,507
up €55,507 (+113%), from €49,054 to €104,561
mainly Trade debts (+€48,238) and Receivables within one year (+€43,165)
- Receivables within one year -€43,165
down €43,165 (-36.7%), from €117,645 to €74,481
of which Trade receivables: -€36,686
- Intangible fixed assets -€13,500
down €13,500 (-27.3%), from €49,500 to €36,000
- Trade debts +€48,238
up €48,238 (+149%), from €32,435 to €80,673
of which Bills of exchange payable: +€49,926
- Reserves -€36,030
down €36,030 (-29.4%), from €122,592 to €86,563
of which Distributable reserves: -€34,755
- Tax, wage and social debts -€25,953
down €25,953 (-43.3%), from €59,881 to €33,928
of which Taxes: -€18,952
- Other debts +€8,105
new in 2025: €8,105
- Gross operating margin -€60,603
down €60,603 (-31.0%), from €195,590 to €134,987
- Taxes -€24,364
down €24,364 (-75.5%), from €32,257 to €7,893
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 | €227,564 | €224,328 | -€3,237 | -1.4% |
| Fixed assets | 21/28 | €57,255 | €42,130 | -€15,125 | -26.4% |
| Intangible fixed assets | 21 | €49,500 | €36,000 | -€13,500 | -27.3% |
| Tangible fixed assets | 22/27 | €7,755 | €6,130 | -€1,625 | -21.0% |
| Land and buildings | 22 | €6,505 | €5,179 | -€1,326 | -20.4% |
| Furniture and vehicles | 24 | €1,250 | €951 | -€299 | -23.9% |
| Current assets | 29/58 | €170,309 | €182,198 | +€11,889 | +7.0% |
| Amounts receivable within one year | 40/41 | €117,645 | €74,481 | -€43,165 | -36.7% |
| Trade receivables | 40 | €102,220 | €65,533 | -€36,686 | -35.9% |
| Other amounts receivable | 41 | €15,426 | €8,947 | -€6,478 | -42.0% |
| Cash at bank and in hand | 54/58 | €49,054 | €104,561 | +€55,507 | +113% |
| Deferred charges and accrued income | 490/1 | €3,610 | €3,156 | -€454 | -12.6% |
| Total equity and liabilities | 10/49 | €227,564 | €224,328 | -€3,237 | -1.4% |
| Equity | 10/15 | €134,992 | €100,238 | -€34,755 | -25.7% |
| Contributions | 10/11 | €12,400 | €13,675 | +€1,275 | +10.3% |
| Reserves | 13 | €122,592 | €86,563 | -€36,030 | -29.4% |
| Non-distributable reserves | 130/1 | €1,275 | - | -€1,275 | |
| Reserves not available under the articles | 1311 | €1,275 | - | -€1,275 | |
| Distributable reserves | 133 | €121,317 | €86,563 | -€34,755 | -28.6% |
| Amounts payable | 17/49 | €92,572 | €124,090 | +€31,518 | +34.0% |
| Amounts payable within one year | 42/48 | €92,572 | €122,706 | +€30,134 | +32.6% |
| Financial debts | 43 | €256 | - | -€256 | |
| Credit institutions | 430/8 | €256 | - | -€256 | |
| Trade debts | 44 | €32,435 | €80,673 | +€48,238 | +149% |
| Suppliers | 440/4 | €22,388 | €20,701 | -€1,688 | -7.5% |
| Bills of exchange payable | 441 | €10,047 | €59,973 | +€49,926 | +497% |
| Taxes, remuneration and social security | 45 | €59,881 | €33,928 | -€25,953 | -43.3% |
| Taxes | 450/3 | €45,831 | €26,879 | -€18,952 | -41.4% |
| Remuneration and social security | 454/9 | €14,050 | €7,049 | -€7,001 | -49.8% |
| Other amounts payable | 47/48 | - | €8,105 | +€8,105 | |
| Accrued charges and deferred income | 492/3 | - | €1,384 | +€1,384 | |
| Remuneration, social security and pensions | 62 | €85,416 | €84,255 | -€1,161 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,072 | €15,125 | +€53 | +0.4% |
| Other operating charges | 640/8 | €707 | €707 | -€0 | -0.1% |
| Non-recurring operating charges | 66A | €207 | €261 | +€53 | +25.8% |
| Gross operating margin | 9900 | €195,590 | €134,987 | -€60,603 | -31.0% |
| Operating profit (loss) | 9901 | €94,188 | €34,639 | -€59,549 | -63.2% |
| Financial income | 75/76B | €456 | €1,112 | +€656 | +144% |
| Recurring financial income | 75 | €456 | €1,112 | +€656 | +144% |
| Financial charges | 65/66B | €583 | €1,326 | +€743 | +127% |
| Recurring financial charges | 65 | €583 | €1,326 | +€743 | +127% |
| Profit (loss) for the period before taxes | 9903 | €94,060 | €34,425 | -€59,636 | -63.4% |
| Income taxes | 67/77 | €32,257 | €7,893 | -€24,364 | -75.5% |
| Profit (loss) for the period | 9904 | €61,803 | €26,532 | -€35,272 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,803 | €26,532 | -€35,272 | -57.1% |
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 16 October 2026 via checked.be.