GELAKT: 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.
GELAKT
Largest movements
- Cash +€54,088
up €54,088 (+24.1%), from €224,846 to €278,935
mainly Other debts (+€68,938) and Depreciation (+€59,375)
- Tangible fixed assets -€47,062
down €47,062 (-11.7%), from €400,830 to €353,768
of which Plant, machinery and equipment: -€46,444
- Deferred charges and accrued income +€24,609
up €24,609 (+2,965%), from €830 to €25,439
- Receivables within one year -€21,852
down €21,852 (-45.3%), from €48,234 to €26,382
of which Other amounts receivable: -€14,130
- Other debts +€68,938
up €68,938 (+76.3%), from €90,300 to €159,238
- Debts after one year -€48,096
down €48,096 (-12.7%), from €378,138 to €330,042
- Reserves -€29,012
down €29,012 (-18.3%), from €158,344 to €129,333
- Trade debts +€15,943
up €15,943 (+91.7%), from €17,388 to €33,332
- Gross operating margin +€40,736
up €40,736 (+27.7%), from €147,257 to €187,992
- Staff costs +€37,041
new in 2025: €37,041
- Depreciation +€17,947
up €17,947 (+43.3%), from €41,428 to €59,375
- Financial charges +€3,082
up €3,082 (+23.4%), from €13,171 to €16,254
- Taxes +€2,128
up €2,128 (+12.4%), from €17,193 to €19,320
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 | €705,282 | €718,153 | +€12,871 | +1.8% |
| Fixed assets | 21/28 | €400,830 | €353,768 | -€47,062 | -11.7% |
| Tangible fixed assets | 22/27 | €400,830 | €353,768 | -€47,062 | -11.7% |
| Land and buildings | 22 | €4,533 | €3,915 | -€618 | -13.6% |
| Plant, machinery and equipment | 23 | €396,297 | €349,853 | -€46,444 | -11.7% |
| Current assets | 29/58 | €304,452 | €364,385 | +€59,933 | +19.7% |
| Stocks and contracts in progress | 3 | €30,542 | €33,629 | +€3,087 | +10.1% |
| Stocks | 30/36 | €30,542 | €33,629 | +€3,087 | +10.1% |
| Amounts receivable within one year | 40/41 | €48,234 | €26,382 | -€21,852 | -45.3% |
| Trade receivables | 40 | €23,113 | €15,392 | -€7,722 | -33.4% |
| Other amounts receivable | 41 | €25,120 | €10,990 | -€14,130 | -56.3% |
| Cash at bank and in hand | 54/58 | €224,846 | €278,935 | +€54,088 | +24.1% |
| Deferred charges and accrued income | 490/1 | €830 | €25,439 | +€24,609 | +2,965% |
| Total equity and liabilities | 10/49 | €705,282 | €718,153 | +€12,871 | +1.8% |
| Equity | 10/15 | €161,344 | €132,333 | -€29,012 | -18.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €158,344 | €129,333 | -€29,012 | -18.3% |
| Distributable reserves | 133 | €158,344 | €129,333 | -€29,012 | -18.3% |
| Amounts payable | 17/49 | €543,937 | €585,820 | +€41,883 | +7.7% |
| Amounts payable after more than one year | 17 | €378,138 | €330,042 | -€48,096 | -12.7% |
| Financial debts | 170/4 | €378,138 | €330,042 | -€48,096 | -12.7% |
| Amounts payable within one year | 42/48 | €165,070 | €255,051 | +€89,981 | +54.5% |
| Financial debts | 43 | €55,325 | €56,445 | +€1,120 | +2.0% |
| Credit institutions | 430/8 | €55,325 | €56,445 | +€1,120 | +2.0% |
| Trade debts | 44 | €17,388 | €33,332 | +€15,943 | +91.7% |
| Suppliers | 440/4 | €17,388 | €33,332 | +€15,943 | +91.7% |
| Taxes, remuneration and social security | 45 | €2,057 | €6,036 | +€3,979 | +193% |
| Taxes | 450/3 | €2,057 | €1,485 | -€572 | -27.8% |
| Remuneration and social security | 454/9 | - | €4,551 | +€4,551 | |
| Other amounts payable | 47/48 | €90,300 | €159,238 | +€68,938 | +76.3% |
| Accrued charges and deferred income | 492/3 | €729 | €727 | -€2 | -0.3% |
| Remuneration, social security and pensions | 62 | - | €37,041 | +€37,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,428 | €59,375 | +€17,947 | +43.3% |
| Other operating charges | 640/8 | €4,605 | €5,625 | +€1,019 | +22.1% |
| Gross operating margin | 9900 | €147,257 | €187,992 | +€40,736 | +27.7% |
| Operating profit (loss) | 9901 | €101,224 | €85,951 | -€15,272 | -15.1% |
| Financial income | 75/76B | €994 | €1,788 | +€794 | +79.8% |
| Recurring financial income | 75 | €994 | €1,788 | +€794 | +79.8% |
| Financial charges | 65/66B | €13,171 | €16,254 | +€3,082 | +23.4% |
| Recurring financial charges | 65 | €13,171 | €16,254 | +€3,082 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €89,046 | €71,485 | -€17,561 | -19.7% |
| Income taxes | 67/77 | €17,193 | €19,320 | +€2,128 | +12.4% |
| Profit (loss) for the period | 9904 | €71,854 | €52,165 | -€19,689 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,854 | €52,165 | -€19,689 | -27.4% |
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 20 October 2026 via checked.be.