GELAUDE: 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
GELAUDE
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€220,974
2024 · €175,148+€45,825
Equity
€2.4m
2024 · €2.2m+€143,974
Cash
€622,662
2024 · €771,960-€149,298
Balance sheet total
€3.0m
2024 · €2.9m+€88,440
Largest movements
Assets
- Stocks and contracts +€266,763
up €266,763 (+24.1%), from €1.1m to €1.4m
- Cash -€149,298
down €149,298 (-19.3%), from €771,960 to €622,662
mainly Investment in fixed assets (net) (-€269,357) and Stocks and contracts (-€266,763)
Equity and liabilities
- Reserves +€143,974
up €143,974 (+6.5%), from €2.2m to €2.3m
of which Distributable reserves: +€118,126
- Trade debts -€60,584
down €60,584 (-60.6%), from €100,056 to €39,472
Income statement
- Gross operating margin +€43,639
up €43,639 (+5.6%), from €786,187 to €829,827
- Staff costs -€33,687
down €33,687 (-17.2%), from €196,382 to €162,695
- Depreciation +€24,862
up €24,862 (+9.1%), from €272,689 to €297,551
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
€175,148
Gross operating margin
+€43,639
Staff costs
+€33,687
Depreciation
-€24,862
Write-downs
-€1,060
Other operating charges
+€2,016
Other operating items
+€530
Financial income
-€275
Financial charges
+€2,696
Taxes
+€4,511
Deferred taxes and other
-€15,057
Result 2025
€220,974
raises the resultlowers the resultnot broken down further in the accounts
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
+€197,059
Investment
-€269,357
Financing
-€77,000
Cash 2024
€771,960
From operations (derived)
+€197,059
Net result for the year
+€220,974
Depreciation
+€297,551
Stocks and contracts
-€266,763
Receivables within one year
-€3,068
Deferred charges and accrued income
+€3,899
Provisions
+€8,616
Trade debts
-€60,584
Tax, wage and social debts
-€8,479
Other debts
-€18,311
Accrued charges and deferred income
+€23,225
Investment (derived)
-€269,357
Investment in fixed assets (net)
-€269,357
Financing
-€77,000
Contributions, distributions and other
-€77,000
Cash 2025
€622,662
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,938,976 | €3,027,416 | +€88,440 | +3.0% |
| Fixed assets | 21/28 | €842,853 | €814,659 | -€28,194 | -3.3% |
| Tangible fixed assets | 22/27 | €838,994 | €810,809 | -€28,185 | -3.4% |
| Land and buildings | 22 | €216,212 | €207,521 | -€8,691 | -4.0% |
| Plant, machinery and equipment | 23 | €10,817 | €16,576 | +€5,759 | +53.2% |
| Furniture and vehicles | 24 | €611,965 | €586,712 | -€25,253 | -4.1% |
| Financial fixed assets | 28 | €3,859 | €3,850 | -€9 | -0.2% |
| Current assets | 29/58 | €2,096,123 | €2,212,757 | +€116,634 | +5.6% |
| Stocks and contracts in progress | 3 | €1,107,887 | €1,374,650 | +€266,763 | +24.1% |
| Stocks | 30/36 | €1,107,887 | €1,374,650 | +€266,763 | +24.1% |
| Amounts receivable within one year | 40/41 | €205,360 | €208,428 | +€3,068 | +1.5% |
| Trade receivables | 40 | €203,487 | €168,963 | -€34,524 | -17.0% |
| Other amounts receivable | 41 | €1,873 | €39,465 | +€37,592 | +2,007% |
| Cash at bank and in hand | 54/58 | €771,960 | €622,662 | -€149,298 | -19.3% |
| Deferred charges and accrued income | 490/1 | €10,916 | €7,017 | -€3,899 | -35.7% |
| Total equity and liabilities | 10/49 | €2,938,976 | €3,027,416 | +€88,440 | +3.0% |
| Equity | 10/15 | €2,206,557 | €2,350,531 | +€143,974 | +6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,200,357 | €2,344,331 | +€143,974 | +6.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €43,952 | €69,800 | +€25,848 | +58.8% |
| Distributable reserves | 133 | €2,156,405 | €2,274,531 | +€118,126 | +5.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €14,651 | €23,267 | +€8,616 | +58.8% |
| Deferred taxes | 168 | €14,651 | €23,267 | +€8,616 | +58.8% |
| Amounts payable | 17/49 | €717,768 | €653,619 | -€64,150 | -8.9% |
| Amounts payable within one year | 42/48 | €673,044 | €585,669 | -€87,375 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €100,056 | €39,472 | -€60,584 | -60.6% |
| Suppliers | 440/4 | €100,056 | €39,472 | -€60,584 | -60.6% |
| Taxes, remuneration and social security | 45 | €40,644 | €32,164 | -€8,479 | -20.9% |
| Taxes | 450/3 | €27,295 | €19,455 | -€7,839 | -28.7% |
| Remuneration and social security | 454/9 | €13,349 | €12,709 | -€640 | -4.8% |
| Other amounts payable | 47/48 | €532,344 | €514,033 | -€18,311 | -3.4% |
| Accrued charges and deferred income | 492/3 | €44,724 | €67,949 | +€23,225 | +51.9% |
| Non-recurring operating income | 76A | €146,000 | €77,700 | -€68,300 | -46.8% |
| Remuneration, social security and pensions | 62 | €196,382 | €162,695 | -€33,687 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,689 | €297,551 | +€24,862 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,060 | €0 | +€1,060 | |
| Other operating charges | 640/8 | €18,792 | €16,776 | -€2,016 | -10.7% |
| Non-recurring operating charges | 66A | €530 | €0 | -€530 | -100% |
| Gross operating margin | 9900 | €786,187 | €829,827 | +€43,639 | +5.6% |
| Operating profit (loss) | 9901 | €298,854 | €352,805 | +€53,951 | +18.1% |
| Financial income | 75/76B | €282 | €7 | -€275 | -97.4% |
| Recurring financial income | 75 | €282 | €7 | -€275 | -97.4% |
| Financial charges | 65/66B | €43,364 | €40,668 | -€2,696 | -6.2% |
| Recurring financial charges | 65 | €43,364 | €40,668 | -€2,696 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €255,772 | €312,144 | +€56,372 | +22.0% |
| Transfer from deferred taxes | 780 | €6,441 | €5,134 | -€1,307 | -20.3% |
| Transfer to deferred taxes | 680 | - | €13,750 | +€13,750 | |
| Income taxes | 67/77 | €87,065 | €82,555 | -€4,511 | -5.2% |
| Profit (loss) for the period | 9904 | €175,148 | €220,974 | +€45,825 | +26.2% |
| Transfer from tax-exempt reserves | 789 | €19,324 | €15,402 | -€3,922 | -20.3% |
| Transfer to tax-exempt reserves | 689 | - | €41,250 | +€41,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €194,472 | €195,126 | +€653 | +0.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.