GELACO: what changed
What changed
GELACO
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€650,408
2024 · €635,185+€15,223
Equity
€3.1m
2024 · €2.8m+€316,479
Cash
€351,294
2024 · €328,121+€23,173
Balance sheet total
€3.3m
2024 · €3.0m+€280,815
Largest movements
Assets
- Current investments +€248,838
up €248,838 (+10.3%), from €2.4m to €2.7m
Equity and liabilities
- Reserves +€316,479
up €316,479 (+11.3%), from €2.8m to €3.1m
of which Distributable reserves: +€316,479
- Tax, wage and social debts -€39,377
down €39,377 (-21.8%), from €180,778 to €141,401
Income statement
- Gross operating margin +€82,204
up €82,204 (+9.2%), from €895,092 to €977,296
- Financial income -€35,151
down €35,151 (-48.3%), from €72,808 to €37,657
- Depreciation +€25,439
up €25,439 (+79.2%), from €32,122 to €57,561
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€635,185
Gross operating margin
+€82,204
Depreciation
-€25,439
Other operating charges
+€492
Other operating items
-€19
Financial income
-€35,151
Financial charges
-€2,413
Taxes
-€4,451
Result 2025
€650,408
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€678,272
Investment
-€321,171
Financing
-€333,928
Cash 2024
€328,121
From operations (derived)
+€678,272
Net result for the year
+€650,408
Depreciation
+€57,561
Receivables within one year
+€5,759
Smaller working-capital items
-€536
Trade debts
+€4,457
Tax, wage and social debts
-€39,377
Investment (derived)
-€321,171
Investment in fixed assets (net)
-€72,332
Current investments
-€248,838
Financing
-€333,928
Contributions, distributions and other
-€333,928
Cash 2025
€351,294
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,001,498 | €3,282,313 | +€280,815 | +9.4% |
| Fixed assets | 21/28 | €183,668 | €198,439 | +€14,771 | +8.0% |
| Tangible fixed assets | 22/27 | €183,668 | €198,439 | +€14,771 | +8.0% |
| Plant, machinery and equipment | 23 | €23,287 | €19,274 | -€4,012 | -17.2% |
| Furniture and vehicles | 24 | €160,381 | €179,164 | +€18,783 | +11.7% |
| Current assets | 29/58 | €2,817,830 | €3,083,874 | +€266,044 | +9.4% |
| Amounts receivable within one year | 40/41 | €71,217 | €65,458 | -€5,759 | -8.1% |
| Trade receivables | 40 | €70,362 | €64,602 | -€5,759 | -8.2% |
| Other amounts receivable | 41 | €856 | €856 | = | 0.0% |
| Current investments | 50/53 | €2,413,122 | €2,661,960 | +€248,838 | +10.3% |
| Cash at bank and in hand | 54/58 | €328,121 | €351,294 | +€23,173 | +7.1% |
| Deferred charges and accrued income | 490/1 | €5,371 | €5,162 | -€208 | -3.9% |
| Total equity and liabilities | 10/49 | €3,001,498 | €3,282,313 | +€280,815 | +9.4% |
| Equity | 10/15 | €2,817,904 | €3,134,384 | +€316,479 | +11.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,799,354 | €3,115,834 | +€316,479 | +11.3% |
| Tax-exempt reserves | 132 | €117 | €117 | = | 0.0% |
| Distributable reserves | 133 | €2,799,237 | €3,115,716 | +€316,479 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,594 | €147,929 | -€35,664 | -19.4% |
| Amounts payable within one year | 42/48 | €183,109 | €147,929 | -€35,179 | -19.2% |
| Trade debts | 44 | €448 | €4,905 | +€4,457 | +995% |
| Suppliers | 440/4 | €448 | €4,905 | +€4,457 | +995% |
| Taxes, remuneration and social security | 45 | €180,778 | €141,401 | -€39,377 | -21.8% |
| Taxes | 450/3 | €180,778 | €141,401 | -€39,377 | -21.8% |
| Other amounts payable | 47/48 | €1,883 | €1,624 | -€259 | -13.8% |
| Accrued charges and deferred income | 492/3 | €485 | €0 | -€485 | -100% |
| Non-recurring operating income | 76A | €10,860 | €19,996 | +€9,137 | +84.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,122 | €57,561 | +€25,439 | +79.2% |
| Other operating charges | 640/8 | €2,230 | €1,738 | -€492 | -22.1% |
| Non-recurring operating charges | 66A | €0 | €19 | +€19 | |
| Gross operating margin | 9900 | €895,092 | €977,296 | +€82,204 | +9.2% |
| Operating profit (loss) | 9901 | €860,740 | €917,977 | +€57,238 | +6.6% |
| Financial income | 75/76B | €72,808 | €37,657 | -€35,151 | -48.3% |
| Recurring financial income | 75 | €72,808 | €37,657 | -€35,151 | -48.3% |
| Financial charges | 65/66B | €2,620 | €5,033 | +€2,413 | +92.1% |
| Recurring financial charges | 65 | €2,620 | €5,033 | +€2,413 | +92.1% |
| Profit (loss) for the period before taxes | 9903 | €930,927 | €950,601 | +€19,674 | +2.1% |
| Income taxes | 67/77 | €295,742 | €300,193 | +€4,451 | +1.5% |
| Profit (loss) for the period | 9904 | €635,185 | €650,408 | +€15,223 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €635,185 | €650,408 | +€15,223 | +2.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.