GELATHÉ: 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.
GELATHÉ
Largest movements
- Tangible fixed assets -€18,617
down €18,617 (-13.7%), from €135,552 to €116,935
of which Plant, machinery and equipment: -€18,107
- Cash -€9,499
down €9,499 (-33.7%), from €28,192 to €18,693
mainly Debts after one year (-€20,009) and Net result for the year (-€7,504)
- Stocks and contracts -€2,822
down €2,822 (-15.5%), from €18,195 to €15,373
- Debts after one year -€20,009
down €20,009 (-17.2%), from €116,334 to €96,326
- Profit (loss) carried forward -€7,504
down €7,504 (-64.9%), from -€11,554 to -€19,058
- Other debts -€6,742
down €6,742 (-26.7%), from €25,247 to €18,504
- Trade debts +€1,881
up €1,881 (+28.6%), from €6,566 to €8,447
- Gross operating margin +€6,939
up €6,939 (+44.1%), from €15,752 to €22,691
- Depreciation +€5,572
up €5,572 (+29.4%), from €18,936 to €24,508
- Purchases and services -€2,773
down €2,773 (-0.9%), from €294,619 to €291,846
- Financial charges -€1,793
down €1,793 (-25.5%), from €7,039 to €5,246
- Other operating charges -€806
down €806 (-63.4%), from €1,271 to €465
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 | €185,727 | €154,550 | -€31,177 | -16.8% |
| Fixed assets | 21/28 | €135,552 | €116,935 | -€18,617 | -13.7% |
| Tangible fixed assets | 22/27 | €135,552 | €116,935 | -€18,617 | -13.7% |
| Plant, machinery and equipment | 23 | €123,512 | €105,405 | -€18,107 | -14.7% |
| Furniture and vehicles | 24 | €8,445 | €7,115 | -€1,331 | -15.8% |
| Other tangible fixed assets | 26 | €3,594 | €4,415 | +€821 | +22.8% |
| Current assets | 29/58 | €50,174 | €37,615 | -€12,560 | -25.0% |
| Stocks and contracts in progress | 3 | €18,195 | €15,373 | -€2,822 | -15.5% |
| Stocks | 30/36 | €18,195 | €15,373 | -€2,822 | -15.5% |
| Amounts receivable within one year | 40/41 | €788 | €549 | -€238 | -30.3% |
| Trade receivables | 40 | €788 | €549 | -€238 | -30.3% |
| Cash at bank and in hand | 54/58 | €28,192 | €18,693 | -€9,499 | -33.7% |
| Deferred charges and accrued income | 490/1 | €3,000 | €3,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €185,727 | €154,550 | -€31,177 | -16.8% |
| Equity | 10/15 | €18,446 | €10,942 | -€7,504 | -40.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,554 | -€19,058 | -€7,504 | -64.9% |
| Amounts payable | 17/49 | €167,281 | €143,608 | -€23,673 | -14.2% |
| Amounts payable after more than one year | 17 | €116,334 | €96,326 | -€20,009 | -17.2% |
| Financial debts | 170/4 | €116,334 | €96,326 | -€20,009 | -17.2% |
| Amounts payable within one year | 42/48 | €50,946 | €47,282 | -€3,664 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €18,743 | €19,365 | +€622 | +3.3% |
| Financial debts | 43 | €300 | €300 | = | 0.0% |
| Credit institutions | 430/8 | €300 | €300 | = | 0.0% |
| Trade debts | 44 | €6,566 | €8,447 | +€1,881 | +28.6% |
| Suppliers | 440/4 | €6,566 | €8,447 | +€1,881 | +28.6% |
| Taxes, remuneration and social security | 45 | €90 | €666 | +€576 | +639.9% |
| Taxes | 450/3 | €90 | €666 | +€576 | +639.9% |
| Other amounts payable | 47/48 | €25,247 | €18,504 | -€6,742 | -26.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €294,619 | €291,846 | -€2,773 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,936 | €24,508 | +€5,572 | +29.4% |
| Other operating charges | 640/8 | €1,271 | €465 | -€806 | -63.4% |
| Gross operating margin | 9900 | €15,752 | €22,691 | +€6,939 | +44.1% |
| Operating profit (loss) | 9901 | -€4,455 | -€2,282 | +€2,173 | +48.8% |
| Financial income | 75/76B | €30 | €25 | -€5 | -17.5% |
| Recurring financial income | 75 | €30 | €25 | -€5 | -17.5% |
| Financial charges | 65/66B | €7,039 | €5,246 | -€1,793 | -25.5% |
| Recurring financial charges | 65 | €7,039 | €5,246 | -€1,793 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,464 | -€7,504 | +€3,960 | +34.5% |
| Income taxes | 67/77 | €90 | - | -€90 | |
| Profit (loss) for the period | 9904 | -€11,554 | -€7,504 | +€4,050 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,554 | -€7,504 | +€4,050 | +35.1% |
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 30 September 2026 via checked.be.