GEL HOME: 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.
GEL HOME
Largest movements
- Cash -€11,558
down €11,558 (-85.5%), from €13,511 to €1,953
mainly Receivables within one year (-€11,014) and Net result for the year (-€1,708)
- Receivables within one year +€11,014
up €11,014 (+246%), from €4,484 to €15,497
of which Trade receivables: +€11,203
- Profit (loss) carried forward -€1,708
down €1,708 (-63.1%), from €2,707 to €999
- Tax, wage and social debts +€1,436
up €1,436 (+53.0%), from €2,708 to €4,144
of which Taxes: +€1,325
- Debts after one year -€245
down €245 (-6.5%), from €3,767 to €3,522
- Gross operating margin -€3,485
down €3,485 (-86.7%), from €4,021 to €536
- Other operating charges +€994
up €994 (+1,988%), from €50 to €1,044
- Taxes -€286
down €286 (-23.6%), from €1,213 to €927
- Financial charges +€221
up €221 (+425%), from €52 to €273
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 | €17,995 | €17,451 | -€544 | -3.0% |
| Current assets | 29/58 | €17,995 | €17,451 | -€544 | -3.0% |
| Amounts receivable within one year | 40/41 | €4,484 | €15,497 | +€11,014 | +246% |
| Trade receivables | 40 | €4,294 | €15,497 | +€11,203 | +261% |
| Other amounts receivable | 41 | €190 | €0 | -€190 | -100% |
| Cash at bank and in hand | 54/58 | €13,511 | €1,953 | -€11,558 | -85.5% |
| Total equity and liabilities | 10/49 | €17,995 | €17,451 | -€544 | -3.0% |
| Equity | 10/15 | €7,707 | €5,999 | -€1,708 | -22.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,707 | €999 | -€1,708 | -63.1% |
| Amounts payable | 17/49 | €10,289 | €11,452 | +€1,163 | +11.3% |
| Amounts payable after more than one year | 17 | €3,767 | €3,522 | -€245 | -6.5% |
| Other amounts payable | 178/9 | €3,767 | €3,522 | -€245 | -6.5% |
| Amounts payable within one year | 42/48 | €6,522 | €7,930 | +€1,408 | +21.6% |
| Trade debts | 44 | €3,814 | €3,786 | -€28 | -0.7% |
| Suppliers | 440/4 | €3,814 | €3,786 | -€28 | -0.7% |
| Taxes, remuneration and social security | 45 | €2,708 | €4,144 | +€1,436 | +53.0% |
| Taxes | 450/3 | €1,213 | €2,538 | +€1,325 | +109% |
| Remuneration and social security | 454/9 | €1,495 | €1,607 | +€111 | +7.4% |
| Other operating charges | 640/8 | €50 | €1,044 | +€994 | +1,988% |
| Gross operating margin | 9900 | €4,021 | €536 | -€3,485 | -86.7% |
| Operating profit (loss) | 9901 | €3,971 | -€508 | -€4,479 | |
| Financial charges | 65/66B | €52 | €273 | +€221 | +425% |
| Recurring financial charges | 65 | €52 | €273 | +€221 | +425% |
| Profit (loss) for the period before taxes | 9903 | €3,919 | -€781 | -€4,700 | |
| Income taxes | 67/77 | €1,213 | €927 | -€286 | -23.6% |
| Profit (loss) for the period | 9904 | €2,707 | -€1,708 | -€4,414 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,707 | -€1,708 | -€4,414 |
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 26 October 2026 via checked.be.