GEKELO: 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.
GEKELO
Largest movements
- Cash +€42,348
up €42,348 (+27.5%), from €153,763 to €196,111
mainly Net result for the year (+€63,289) and Receivables within one year (+€32,734)
- Receivables within one year -€32,734
down €32,734 (-21.2%), from €154,739 to €122,005
of which Other amounts receivable: -€29,235
- Stocks and contracts +€12,453
up €12,453 (+14.0%), from €88,922 to €101,375
- Reserves +€63,289
up €63,289 (+17.0%), from €371,332 to €434,622
of which Distributable reserves: +€63,289
- Current portion of long-term debt -€25,109
down €25,109 (-52.3%), from €47,978 to €22,869
- Debts after one year -€12,778
down €12,778 (-5.4%), from €235,603 to €222,825
- Staff costs +€12,309
up €12,309 (+11.2%), from €109,920 to €122,229
- Taxes -€8,718
down €8,718 (-25.6%), from €34,092 to €25,374
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,076,170 | €1,090,965 | +€14,796 | +1.4% |
| Fixed assets | 21/28 | €666,172 | €660,929 | -€5,244 | -0.8% |
| Tangible fixed assets | 22/27 | €666,172 | €660,929 | -€5,244 | -0.8% |
| Land and buildings | 22 | €646,696 | €633,564 | -€13,133 | -2.0% |
| Plant, machinery and equipment | 23 | €14,000 | €11,274 | -€2,726 | -19.5% |
| Furniture and vehicles | 24 | €3,557 | €14,675 | +€11,118 | +312.5% |
| Other tangible fixed assets | 26 | €1,919 | €1,416 | -€503 | -26.2% |
| Current assets | 29/58 | €409,998 | €430,037 | +€20,039 | +4.9% |
| Stocks and contracts in progress | 3 | €88,922 | €101,375 | +€12,453 | +14.0% |
| Stocks | 30/36 | €88,922 | €101,375 | +€12,453 | +14.0% |
| Amounts receivable within one year | 40/41 | €154,739 | €122,005 | -€32,734 | -21.2% |
| Trade receivables | 40 | €4,646 | €1,146 | -€3,500 | -75.3% |
| Other amounts receivable | 41 | €150,093 | €120,859 | -€29,235 | -19.5% |
| Cash at bank and in hand | 54/58 | €153,763 | €196,111 | +€42,348 | +27.5% |
| Deferred charges and accrued income | 490/1 | €12,574 | €10,547 | -€2,027 | -16.1% |
| Total equity and liabilities | 10/49 | €1,076,170 | €1,090,965 | +€14,796 | +1.4% |
| Equity | 10/15 | €511,228 | €574,517 | +€63,289 | +12.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €371,332 | €434,622 | +€63,289 | +17.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,018 | €88,018 | = | 0.0% |
| Distributable reserves | 133 | €276,815 | €340,104 | +€63,289 | +22.9% |
| Profit (loss) carried forward | 14 | €74,896 | €74,896 | = | 0.0% |
| Amounts payable | 17/49 | €564,942 | €516,448 | -€48,494 | -8.6% |
| Amounts payable after more than one year | 17 | €235,603 | €222,825 | -€12,778 | -5.4% |
| Financial debts | 170/4 | €235,603 | €222,825 | -€12,778 | -5.4% |
| Amounts payable within one year | 42/48 | €314,663 | €279,072 | -€35,591 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €47,978 | €22,869 | -€25,109 | -52.3% |
| Trade debts | 44 | €228,578 | €218,668 | -€9,910 | -4.3% |
| Suppliers | 440/4 | €228,578 | €218,668 | -€9,910 | -4.3% |
| Taxes, remuneration and social security | 45 | €38,107 | €37,535 | -€572 | -1.5% |
| Taxes | 450/3 | €17,538 | €14,768 | -€2,770 | -15.8% |
| Remuneration and social security | 454/9 | €20,569 | €22,768 | +€2,198 | +10.7% |
| Accrued charges and deferred income | 492/3 | €14,676 | €14,551 | -€125 | -0.9% |
| Remuneration, social security and pensions | 62 | €109,920 | €122,229 | +€12,309 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,622 | €27,314 | +€692 | +2.6% |
| Other operating charges | 640/8 | €3,740 | €4,014 | +€274 | +7.3% |
| Gross operating margin | 9900 | €253,091 | €254,864 | +€1,772 | +0.7% |
| Operating profit (loss) | 9901 | €112,809 | €101,306 | -€11,503 | -10.2% |
| Financial income | 75/76B | €449 | €490 | +€41 | +9.2% |
| Recurring financial income | 75 | €449 | €490 | +€41 | +9.2% |
| Financial charges | 65/66B | €14,131 | €13,133 | -€998 | -7.1% |
| Recurring financial charges | 65 | €14,131 | €13,133 | -€998 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €99,128 | €88,664 | -€10,464 | -10.6% |
| Income taxes | 67/77 | €34,092 | €25,374 | -€8,718 | -25.6% |
| Profit (loss) for the period | 9904 | €65,035 | €63,289 | -€1,746 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,035 | €63,289 | -€1,746 | -2.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.