GELANDE: what changed
Two fiscal 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.
GELANDE
Largest movements
- Tangible fixed assets -€6,767
down €6,767 (-22.7%), from €29,853 to €23,087
of which Furniture and vehicles: -€6,399
- Cash -€5,834
down €5,834 (-54.9%), from €10,630 to €4,796
mainly Debts after one year (-€9,235) and Tax, wage and social debts (-€4,090)
- Debts after one year -€9,235
down €9,235 (-74.5%), from €12,395 to €3,160
- Tax, wage and social debts -€4,090
down €4,090 (-27.8%), from €14,736 to €10,646
of which Taxes: -€4,090
- Trade debts -€1,886
down €1,886 (-50.0%), from €3,772 to €1,886
- Other debts +€1,292
up €1,292 (+207.8%), from €622 to €1,915
- Reserves +€1,090
up €1,090 (+354.8%), from €307 to €1,397
- Gross operating margin +€4,791
up €4,791 (+48.4%), from €9,905 to €14,696
- Other operating charges +€1,717
up €1,717 (+118.1%), from €1,454 to €3,171
- Depreciation +€1,430
up €1,430 (+26.8%), from €5,336 to €6,767
- Taxes +€955
up €955 (+88.7%), from €1,076 to €2,031
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.
Cash bridge derived
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 | €51,383 | €38,832 | -€12,551 | -24.4% |
| Fixed assets | 21/28 | €29,853 | €23,087 | -€6,767 | -22.7% |
| Tangible fixed assets | 22/27 | €29,853 | €23,087 | -€6,767 | -22.7% |
| Plant, machinery and equipment | 23 | €1,563 | €1,195 | -€368 | -23.5% |
| Furniture and vehicles | 24 | €28,290 | €21,892 | -€6,399 | -22.6% |
| Current assets | 29/58 | €21,530 | €15,745 | -€5,785 | -26.9% |
| Amounts receivable within one year | 40/41 | €9,680 | €9,680 | = | 0.0% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,630 | €4,796 | -€5,834 | -54.9% |
| Deferred charges and accrued income | 490/1 | €1,220 | €1,269 | +€49 | +4.0% |
| Total equity and liabilities | 10/49 | €51,383 | €38,832 | -€12,551 | -24.4% |
| Equity | 10/15 | €10,307 | €11,397 | +€1,090 | +10.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €307 | €1,397 | +€1,090 | +354.8% |
| Distributable reserves | 133 | €307 | €1,397 | +€1,090 | +354.8% |
| Amounts payable | 17/49 | €41,076 | €27,435 | -€13,641 | -33.2% |
| Amounts payable after more than one year | 17 | €12,395 | €3,160 | -€9,235 | -74.5% |
| Financial debts | 170/4 | €12,395 | €3,160 | -€9,235 | -74.5% |
| Amounts payable within one year | 42/48 | €28,681 | €24,275 | -€4,406 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €8,878 | €9,235 | +€357 | +4.0% |
| Financial debts | 43 | €673 | €593 | -€80 | -11.8% |
| Credit institutions | 430/8 | €673 | €593 | -€80 | -11.8% |
| Trade debts | 44 | €3,772 | €1,886 | -€1,886 | -50.0% |
| Suppliers | 440/4 | €3,772 | €1,886 | -€1,886 | -50.0% |
| Taxes, remuneration and social security | 45 | €14,736 | €10,646 | -€4,090 | -27.8% |
| Taxes | 450/3 | €11,776 | €7,686 | -€4,090 | -34.7% |
| Remuneration and social security | 454/9 | €2,960 | €2,960 | = | 0.0% |
| Other amounts payable | 47/48 | €622 | €1,915 | +€1,292 | +207.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,336 | €6,767 | +€1,430 | +26.8% |
| Other operating charges | 640/8 | €1,454 | €3,171 | +€1,717 | +118.1% |
| Gross operating margin | 9900 | €9,905 | €14,696 | +€4,791 | +48.4% |
| Operating profit (loss) | 9901 | €3,115 | €4,758 | +€1,643 | +52.8% |
| Financial income | 75/76B | €22 | €46 | +€24 | +111.5% |
| Recurring financial income | 75 | €22 | €46 | +€24 | +111.5% |
| Financial charges | 65/66B | €1,753 | €1,683 | -€70 | -4.0% |
| Recurring financial charges | 65 | €1,753 | €1,683 | -€70 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €1,384 | €3,121 | +€1,737 | +125.6% |
| Income taxes | 67/77 | €1,076 | €2,031 | +€955 | +88.7% |
| Profit (loss) for the period | 9904 | €307 | €1,090 | +€783 | +254.8% |
| Profit (loss) for the period to be appropriated | 9905 | €307 | €1,090 | +€783 | +254.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.