GELADE DRINKS: 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.
What changed
GELADE DRINKS
NACE 46.349, Wholesale of beverages, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€160,418
2024 · €135,100+€25,318
Equity
€240,672
2024 · €220,255+€20,418
Cash
€27,710
2024 · €22,248+€5,461
Balance sheet total
€1.0m
2024 · €1.1m-€47,919
Largest movements
Assets
- Receivables within one year -€61,344
down €61,344 (-9.0%), from €680,810 to €619,466
of which Other amounts receivable: -€69,955
- Stocks and contracts +€17,469
up €17,469 (+5.3%), from €329,382 to €346,850
Equity and liabilities
- Tax, wage and social debts -€36,686
down €36,686 (-49.4%), from €74,331 to €37,645
of which Taxes: -€36,501
- Trade debts -€34,416
down €34,416 (-10.0%), from €344,569 to €310,153
- Profit (loss) carried forward +€18,803
up €18,803, from -€18,803 to €0
- Other debts +€17,342
up €17,342 (+8.8%), from €197,844 to €215,187
Income statement
- Depreciation -€48,368
down €48,368 (-74.7%), from €64,722 to €16,355
- Gross operating margin -€20,717
down €20,717 (-6.9%), from €299,437 to €278,720
- Other operating charges -€11,716
down €11,716 (-37.5%), from €31,241 to €19,525
- Staff costs +€7,739
up €7,739 (+19.1%), from €40,506 to €48,245
- Financial charges +€5,699
up €5,699 (+19.9%), from €28,698 to €34,397
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.
Result 2024
€135,100
Gross operating margin
-€20,717
Staff costs
-€7,739
Depreciation
+€48,368
Other operating charges
+€11,716
Financial income
+€1,630
Financial charges
-€5,699
Taxes
-€2,242
Result 2025
€160,418
raises the resultlowers the result
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.
From operations
+€165,627
Investment
-€6,315
Financing
-€153,851
Cash 2024
€22,248
From operations (derived)
+€165,627
Net result for the year
+€160,418
Depreciation
+€16,355
Stocks and contracts
-€17,469
Receivables within one year
+€61,344
Deferred charges and accrued income
-€534
Trade debts
-€34,416
Tax, wage and social debts
-€36,686
Other debts
+€17,342
Accrued charges and deferred income
-€726
Investment (derived)
-€6,315
Investment in fixed assets (net)
-€6,315
Financing
-€153,851
Debts after one year
-€8,144
Current portion of long-term debt
-€707
Short-term financial debts
-€5,000
Contributions, distributions and other
-€140,000
Cash 2025
€27,710
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,088,145 | €1,040,225 | -€47,919 | -4.4% |
| Fixed assets | 21/28 | €50,387 | €40,347 | -€10,040 | -19.9% |
| Intangible fixed assets | 21 | €4,375 | €2,784 | -€1,591 | -36.4% |
| Tangible fixed assets | 22/27 | €41,082 | €32,634 | -€8,449 | -20.6% |
| Plant, machinery and equipment | 23 | €4,696 | €8,161 | +€3,466 | +73.8% |
| Furniture and vehicles | 24 | €7,694 | €6,069 | -€1,626 | -21.1% |
| Leasing and similar rights | 25 | €27,312 | €18,403 | -€8,909 | -32.6% |
| Other tangible fixed assets | 26 | €1,380 | €0 | -€1,380 | -100% |
| Financial fixed assets | 28 | €4,929 | €4,929 | = | 0.0% |
| Current assets | 29/58 | €1,037,758 | €999,878 | -€37,880 | -3.7% |
| Stocks and contracts in progress | 3 | €329,382 | €346,850 | +€17,469 | +5.3% |
| Stocks | 30/36 | €329,382 | €346,850 | +€17,469 | +5.3% |
| Amounts receivable within one year | 40/41 | €680,810 | €619,466 | -€61,344 | -9.0% |
| Trade receivables | 40 | €179,210 | €187,821 | +€8,611 | +4.8% |
| Other amounts receivable | 41 | €501,600 | €431,646 | -€69,955 | -13.9% |
| Cash at bank and in hand | 54/58 | €22,248 | €27,710 | +€5,461 | +24.5% |
| Deferred charges and accrued income | 490/1 | €5,318 | €5,852 | +€534 | +10.0% |
| Total equity and liabilities | 10/49 | €1,088,145 | €1,040,225 | -€47,919 | -4.4% |
| Equity | 10/15 | €220,255 | €240,672 | +€20,418 | +9.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €164,057 | €165,672 | +€1,615 | +1.0% |
| Non-distributable reserves | 130/1 | €6,132 | €7,500 | +€1,368 | +22.3% |
| Legal reserve | 130 | €6,132 | €7,500 | +€1,368 | +22.3% |
| Distributable reserves | 133 | €157,926 | €158,172 | +€247 | +0.2% |
| Profit (loss) carried forward | 14 | -€18,803 | €0 | +€18,803 | |
| Amounts payable | 17/49 | €867,890 | €799,553 | -€68,337 | -7.9% |
| Amounts payable after more than one year | 17 | €16,693 | €8,549 | -€8,144 | -48.8% |
| Financial debts | 170/4 | €16,693 | €8,549 | -€8,144 | -48.8% |
| Amounts payable within one year | 42/48 | €847,271 | €787,804 | -€59,467 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €30,527 | €29,820 | -€707 | -2.3% |
| Financial debts | 43 | €200,000 | €195,000 | -€5,000 | -2.5% |
| Credit institutions | 430/8 | €200,000 | €195,000 | -€5,000 | -2.5% |
| Trade debts | 44 | €344,569 | €310,153 | -€34,416 | -10.0% |
| Suppliers | 440/4 | €344,569 | €310,153 | -€34,416 | -10.0% |
| Taxes, remuneration and social security | 45 | €74,331 | €37,645 | -€36,686 | -49.4% |
| Taxes | 450/3 | €66,242 | €29,741 | -€36,501 | -55.1% |
| Remuneration and social security | 454/9 | €8,089 | €7,904 | -€185 | -2.3% |
| Other amounts payable | 47/48 | €197,844 | €215,187 | +€17,342 | +8.8% |
| Accrued charges and deferred income | 492/3 | €3,926 | €3,200 | -€726 | -18.5% |
| Non-recurring operating income | 76A | €289 | €1,798 | +€1,508 | +522% |
| Remuneration, social security and pensions | 62 | €40,506 | €48,245 | +€7,739 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,722 | €16,355 | -€48,368 | -74.7% |
| Other operating charges | 640/8 | €31,241 | €19,525 | -€11,716 | -37.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €299,437 | €278,720 | -€20,717 | -6.9% |
| Operating profit (loss) | 9901 | €162,967 | €194,595 | +€31,628 | +19.4% |
| Financial income | 75/76B | €11,474 | €13,104 | +€1,630 | +14.2% |
| Recurring financial income | 75 | €11,474 | €13,104 | +€1,630 | +14.2% |
| Financial charges | 65/66B | €28,698 | €34,397 | +€5,699 | +19.9% |
| Recurring financial charges | 65 | €28,698 | €34,397 | +€5,699 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €145,743 | €173,302 | +€27,559 | +18.9% |
| Income taxes | 67/77 | €10,643 | €12,885 | +€2,242 | +21.1% |
| Profit (loss) for the period | 9904 | €135,100 | €160,418 | +€25,318 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €135,100 | €160,418 | +€25,318 | +18.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.