GELANKO: 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.
GELANKO
Largest movements
- Deferred charges and accrued income -€12,362
down €12,362 (-49.5%), from €24,998 to €12,637
- Cash +€11,310
up €11,310 (+591%), from €1,912 to €13,223
mainly Deferred charges and accrued income (+€12,362) and Tax, wage and social debts (+€10,360)
- Receivables within one year +€5,789
up €5,789 (+49.0%), from €11,818 to €17,607
of which Trade receivables: +€8,551
- Tangible fixed assets -€4,117
down €4,117 (-21.6%), from €19,073 to €14,956
- Other debts -€14,239
down €14,239 (-49.2%), from €28,968 to €14,729
- Tax, wage and social debts +€10,360
up €10,360 (+382%), from €2,714 to €13,074
of which Taxes: +€10,360
- Trade debts -€6,028
down €6,028 (-64.2%), from €9,391 to €3,363
- Profit (loss) carried forward +€5,122
up €5,122 (+97.2%), from -€5,271 to -€149
- Short-term financial debts +€3,593
up €3,593 (+180%), from €2,000 to €5,593
- Gross operating margin +€13,201
up €13,201 (+151%), from €8,747 to €21,948
- Taxes +€4,530
up €4,530 (+287%), from €1,580 to €6,109
- Financial charges +€2,023
up €2,023 (+76.6%), from €2,641 to €4,664
- Depreciation -€1,055
down €1,055 (-20.4%), from €5,172 to €4,117
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 | €57,802 | €58,422 | +€620 | +1.1% |
| Fixed assets | 21/28 | €19,073 | €14,956 | -€4,117 | -21.6% |
| Tangible fixed assets | 22/27 | €19,073 | €14,956 | -€4,117 | -21.6% |
| Plant, machinery and equipment | 23 | €1,443 | €508 | -€935 | -64.8% |
| Furniture and vehicles | 24 | €5,256 | €3,498 | -€1,758 | -33.4% |
| Other tangible fixed assets | 26 | €12,374 | €10,950 | -€1,424 | -11.5% |
| Current assets | 29/58 | €38,729 | €43,466 | +€4,738 | +12.2% |
| Amounts receivable within one year | 40/41 | €11,818 | €17,607 | +€5,789 | +49.0% |
| Trade receivables | 40 | €9,037 | €17,588 | +€8,551 | +94.6% |
| Other amounts receivable | 41 | €2,781 | €19 | -€2,761 | -99.3% |
| Cash at bank and in hand | 54/58 | €1,912 | €13,223 | +€11,310 | +591% |
| Deferred charges and accrued income | 490/1 | €24,998 | €12,637 | -€12,362 | -49.5% |
| Total equity and liabilities | 10/49 | €57,802 | €58,422 | +€620 | +1.1% |
| Equity | 10/15 | €14,729 | €19,851 | +€5,122 | +34.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,271 | -€149 | +€5,122 | +97.2% |
| Amounts payable | 17/49 | €43,073 | €38,571 | -€4,502 | -10.5% |
| Amounts payable within one year | 42/48 | €43,073 | €36,758 | -€6,315 | -14.7% |
| Financial debts | 43 | €2,000 | €5,593 | +€3,593 | +180% |
| Credit institutions | 430/8 | €2,000 | €5,593 | +€3,593 | +180% |
| Trade debts | 44 | €9,391 | €3,363 | -€6,028 | -64.2% |
| Suppliers | 440/4 | €9,391 | €3,363 | -€6,028 | -64.2% |
| Taxes, remuneration and social security | 45 | €2,714 | €13,074 | +€10,360 | +382% |
| Taxes | 450/3 | €714 | €11,074 | +€10,360 | +1,452% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €28,968 | €14,729 | -€14,239 | -49.2% |
| Accrued charges and deferred income | 492/3 | €0 | €1,813 | +€1,813 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,172 | €4,117 | -€1,055 | -20.4% |
| Other operating charges | 640/8 | €2,089 | €1,997 | -€93 | -4.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €8,747 | €21,948 | +€13,201 | +151% |
| Operating profit (loss) | 9901 | €1,486 | €15,834 | +€14,348 | +966% |
| Financial income | 75/76B | - | €62 | +€62 | |
| Recurring financial income | 75 | - | €62 | +€62 | |
| Financial charges | 65/66B | €2,641 | €4,664 | +€2,023 | +76.6% |
| Recurring financial charges | 65 | €2,641 | €4,664 | +€2,023 | +76.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,155 | €11,231 | +€12,387 | |
| Income taxes | 67/77 | €1,580 | €6,109 | +€4,530 | +287% |
| Profit (loss) for the period | 9904 | -€2,735 | €5,122 | +€7,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,735 | €5,122 | +€7,857 |
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 15 October 2026 via checked.be.