Gelaude E & Co: 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.
Gelaude E & Co
Largest movements
- Cash -€49,034
down €49,034 (-10.8%), from €453,259 to €404,225
mainly Contributions, distributions and other (-€103,082) and Investment in fixed assets (net) (-€39,861)
- Receivables within one year -€27,644
down €27,644 (-19.4%), from €142,156 to €114,512
of which Trade receivables: -€26,609
- Tangible fixed assets +€21,785
up €21,785 (+24.1%), from €90,216 to €112,000
of which Furniture and vehicles: +€28,151
- Reserves -€27,233
down €27,233 (-3.9%), from €705,637 to €678,404
of which Distributable reserves: -€27,233
- Tax, wage and social debts -€13,681
down €13,681 (-28.0%), from €48,865 to €35,184
of which Taxes: -€9,507
- Current portion of long-term debt -€11,915
down €11,915 (-67.6%), from €17,630 to €5,715
- Taxes -€13,450
down €13,450 (-34.2%), from €39,278 to €25,827
- Gross operating margin -€10,556
down €10,556 (-5.5%), from €192,793 to €182,237
- Depreciation +€10,342
up €10,342 (+134%), from €7,734 to €18,076
- Staff costs -€2,817
down €2,817 (-4.5%), from €62,592 to €59,775
- Financial income -€1,959
down €1,959 (-95.1%), from €2,060 to €100
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 | €822,339 | €767,184 | -€55,155 | -6.7% |
| Fixed assets | 21/28 | €90,216 | €112,000 | +€21,785 | +24.1% |
| Tangible fixed assets | 22/27 | €90,216 | €112,000 | +€21,785 | +24.1% |
| Land and buildings | 22 | €64,254 | €57,746 | -€6,508 | -10.1% |
| Plant, machinery and equipment | 23 | €863 | €1,004 | +€141 | +16.4% |
| Furniture and vehicles | 24 | €25,099 | €53,251 | +€28,151 | +112% |
| Current assets | 29/58 | €732,123 | €655,184 | -€76,939 | -10.5% |
| Stocks and contracts in progress | 3 | €136,708 | €136,446 | -€261 | -0.2% |
| Stocks | 30/36 | €136,708 | €136,446 | -€261 | -0.2% |
| Amounts receivable within one year | 40/41 | €142,156 | €114,512 | -€27,644 | -19.4% |
| Trade receivables | 40 | €136,725 | €110,116 | -€26,609 | -19.5% |
| Other amounts receivable | 41 | €5,431 | €4,396 | -€1,035 | -19.1% |
| Cash at bank and in hand | 54/58 | €453,259 | €404,225 | -€49,034 | -10.8% |
| Total equity and liabilities | 10/49 | €822,339 | €767,184 | -€55,155 | -6.7% |
| Equity | 10/15 | €729,493 | €702,260 | -€27,233 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €705,637 | €678,404 | -€27,233 | -3.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,719 | €88,719 | = | 0.0% |
| Distributable reserves | 133 | €615,062 | €587,830 | -€27,233 | -4.4% |
| Profit (loss) carried forward | 14 | €17,656 | €17,656 | = | 0.0% |
| Amounts payable | 17/49 | €92,846 | €64,924 | -€27,922 | -30.1% |
| Amounts payable within one year | 42/48 | €92,846 | €64,924 | -€27,922 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €17,630 | €5,715 | -€11,915 | -67.6% |
| Trade debts | 44 | €8,518 | €11,363 | +€2,845 | +33.4% |
| Suppliers | 440/4 | €8,518 | €11,363 | +€2,845 | +33.4% |
| Taxes, remuneration and social security | 45 | €48,865 | €35,184 | -€13,681 | -28.0% |
| Taxes | 450/3 | €37,512 | €28,004 | -€9,507 | -25.3% |
| Remuneration and social security | 454/9 | €11,353 | €7,179 | -€4,174 | -36.8% |
| Other amounts payable | 47/48 | €17,834 | €12,663 | -€5,171 | -29.0% |
| Remuneration, social security and pensions | 62 | €62,592 | €59,775 | -€2,817 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,734 | €18,076 | +€10,342 | +134% |
| Other operating charges | 640/8 | €2,095 | €2,151 | +€56 | +2.7% |
| Non-recurring operating charges | 66A | €346 | €530 | +€184 | +53.2% |
| Gross operating margin | 9900 | €192,793 | €182,237 | -€10,556 | -5.5% |
| Operating profit (loss) | 9901 | €120,026 | €101,705 | -€18,322 | -15.3% |
| Financial income | 75/76B | €2,060 | €100 | -€1,959 | -95.1% |
| Recurring financial income | 75 | €2,060 | €100 | -€1,959 | -95.1% |
| Financial charges | 65/66B | €147 | €128 | -€19 | -12.9% |
| Recurring financial charges | 65 | €147 | €128 | -€19 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €121,939 | €101,677 | -€20,262 | -16.6% |
| Income taxes | 67/77 | €39,278 | €25,827 | -€13,450 | -34.2% |
| Profit (loss) for the period | 9904 | €82,661 | €75,850 | -€6,812 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,661 | €75,850 | -€6,812 | -8.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.