Gebelko: 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.
Gebelko
Largest movements
- Receivables within one year -€297,678
down €297,678 (-100.0%), from €297,678 to €0
- Tangible fixed assets -€18,103
down €18,103 (-3.3%), from €544,434 to €526,331
- Reserves -€364,225
down €364,225 (-52.5%), from €694,043 to €329,818
of which Distributable reserves: -€339,622
- Profit (loss) carried forward +€34,235
up €34,235 (+30.3%), from -€113,104 to -€78,869
- Trade debts +€14,717
up €14,717, from €0 to €14,717
- Other operating charges +€310,800
up €310,800 (+3116.6%), from €9,972 to €320,772
- Depreciation -€17,939
down €17,939 (-49.8%), from €36,041 to €18,103
- Gross operating margin +€2,151
up €2,151 (+49.1%), from €4,385 to €6,536
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 | €846,257 | €528,262 | -€317,995 | -37.6% |
| Fixed assets | 21/28 | €544,434 | €526,331 | -€18,103 | -3.3% |
| Tangible fixed assets | 22/27 | €544,434 | €526,331 | -€18,103 | -3.3% |
| Land and buildings | 22 | €544,434 | €526,331 | -€18,103 | -3.3% |
| Current assets | 29/58 | €301,824 | €1,931 | -€299,892 | -99.4% |
| Amounts receivable within one year | 40/41 | €297,678 | €0 | -€297,678 | -100.0% |
| Other amounts receivable | 41 | €297,678 | €0 | -€297,678 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,016 | €1,795 | -€2,221 | -55.3% |
| Deferred charges and accrued income | 490/1 | €129 | €136 | +€7 | +5.3% |
| Total equity and liabilities | 10/49 | €846,257 | €528,262 | -€317,995 | -37.6% |
| Equity | 10/15 | €645,163 | €315,173 | -€329,990 | -51.1% |
| Contributions | 10/11 | €64,224 | €64,224 | = | 0.0% |
| Reserves | 13 | €694,043 | €329,818 | -€364,225 | -52.5% |
| Non-distributable reserves | 130/1 | €12,000 | €0 | -€12,000 | -100.0% |
| Reserves not available under the articles | 1311 | €12,000 | €0 | -€12,000 | -100.0% |
| Tax-exempt reserves | 132 | €342,421 | €329,818 | -€12,603 | -3.7% |
| Distributable reserves | 133 | €339,622 | €0 | -€339,622 | -100.0% |
| Profit (loss) carried forward | 14 | -€113,104 | -€78,869 | +€34,235 | +30.3% |
| Provisions and deferred taxes | 16 | €112,677 | €109,939 | -€2,737 | -2.4% |
| Deferred taxes | 168 | €112,677 | €109,939 | -€2,737 | -2.4% |
| Amounts payable | 17/49 | €88,417 | €103,150 | +€14,732 | +16.7% |
| Amounts payable within one year | 42/48 | €88,350 | €103,085 | +€14,735 | +16.7% |
| Trade debts | 44 | €0 | €14,717 | +€14,717 | |
| Suppliers | 440/4 | €0 | €14,717 | +€14,717 | |
| Other amounts payable | 47/48 | €88,350 | €88,368 | +€18 | 0.0% |
| Accrued charges and deferred income | 492/3 | €67 | €65 | -€3 | -3.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,041 | €18,103 | -€17,939 | -49.8% |
| Other operating charges | 640/8 | €9,972 | €320,772 | +€310,800 | +3116.6% |
| Gross operating margin | 9900 | €4,385 | €6,536 | +€2,151 | +49.1% |
| Operating profit (loss) | 9901 | -€41,629 | -€332,339 | -€290,710 | -698.3% |
| Financial charges | 65/66B | €421 | €388 | -€33 | -7.9% |
| Recurring financial charges | 65 | €421 | €388 | -€33 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,050 | -€332,727 | -€290,677 | -691.3% |
| Transfer from deferred taxes | 780 | €2,737 | €2,737 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€39,313 | -€329,990 | -€290,677 | -739.4% |
| Transfer from tax-exempt reserves | 789 | €8,211 | €12,603 | +€4,392 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,101 | -€317,387 | -€286,286 | -920.5% |
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 9 October 2026 via checked.be.