GELBOPHARMA: 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
GELBOPHARMA
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,574
2024 · -€50,149+€55,723
Equity
€172,950
2024 · €167,376+€5,574
Cash
€17,550
2024 · €18,157-€607
Balance sheet total
€256,342
2024 · €265,394-€9,052
Largest movements
Assets
- Tangible fixed assets -€6,556
down €6,556 (-35.4%), from €18,535 to €11,979
of which Furniture and vehicles: -€3,335
Equity and liabilities
- Trade debts -€12,395
down €12,395 (-16.4%), from €75,805 to €63,410
- Profit (loss) carried forward +€5,574
up €5,574 (+4.2%), from €132,916 to €138,490
Income statement
- Taxes -€29,124
no longer reported in 2025 (was €29,124)
- Purchases and services -€19,111
down €19,111 (-2.6%), from €723,561 to €704,450
- Staff costs -€12,752
down €12,752 (-36.3%), from €35,124 to €22,373
- Gross operating margin +€11,376
up €11,376 (+37.0%), from €30,748 to €42,124
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
-€50,149
Gross operating margin
+€11,376
Staff costs
+€12,752
Depreciation
+€942
Other operating charges
+€77
Other operating items
+€124
Financial income
-€142
Financial charges
+€1,470
Taxes
+€29,124
Result 2025
€5,574
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
+€2,419
Investment
-€3,043
Financing
+€17
Cash 2024
€18,157
From operations (derived)
+€2,419
Net result for the year
+€5,574
Depreciation
+€9,599
Stocks and contracts
-€636
Receivables within one year
+€2,525
Deferred charges and accrued income
+€0
Trade debts
-€12,395
Tax, wage and social debts
-€219
Advances received
-€2,028
Investment (derived)
-€3,043
Investment in fixed assets (net)
-€3,043
Financing
+€17
Current portion of long-term debt
+€17
Cash 2025
€17,550
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,394 | €256,342 | -€9,052 | -3.4% |
| Fixed assets | 21/28 | €18,705 | €12,149 | -€6,556 | -35.1% |
| Tangible fixed assets | 22/27 | €18,535 | €11,979 | -€6,556 | -35.4% |
| Plant, machinery and equipment | 23 | €8,085 | €4,864 | -€3,221 | -39.8% |
| Furniture and vehicles | 24 | €10,451 | €7,115 | -€3,335 | -31.9% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €246,689 | €244,193 | -€2,496 | -1.0% |
| Stocks and contracts in progress | 3 | €100,181 | €100,818 | +€636 | +0.6% |
| Stocks | 30/36 | €100,181 | €100,818 | +€636 | +0.6% |
| Amounts receivable within one year | 40/41 | €90,024 | €87,500 | -€2,525 | -2.8% |
| Trade receivables | 40 | €73,527 | €68,773 | -€4,754 | -6.5% |
| Other amounts receivable | 41 | €16,497 | €18,727 | +€2,230 | +13.5% |
| Current investments | 50/53 | €38,056 | €38,056 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,157 | €17,550 | -€607 | -3.3% |
| Deferred charges and accrued income | 490/1 | €270 | €270 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €265,394 | €256,342 | -€9,052 | -3.4% |
| Equity | 10/15 | €167,376 | €172,950 | +€5,574 | +3.3% |
| Contributions | 10/11 | €32,600 | €32,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,916 | €138,490 | +€5,574 | +4.2% |
| Amounts payable | 17/49 | €98,019 | €83,393 | -€14,626 | -14.9% |
| Amounts payable within one year | 42/48 | €98,019 | €83,393 | -€14,626 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €6,082 | €6,099 | +€17 | +0.3% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €75,805 | €63,410 | -€12,395 | -16.4% |
| Suppliers | 440/4 | €75,805 | €63,410 | -€12,395 | -16.4% |
| Advances received on contracts in progress | 46 | €4,241 | €2,212 | -€2,028 | -47.8% |
| Taxes, remuneration and social security | 45 | €11,890 | €11,671 | -€219 | -1.8% |
| Taxes | 450/3 | €11,890 | €10,504 | -€1,387 | -11.7% |
| Remuneration and social security | 454/9 | €0 | €1,167 | +€1,167 | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | €748,986 | €742,519 | -€6,467 | -0.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €723,561 | €704,450 | -€19,111 | -2.6% |
| Remuneration, social security and pensions | 62 | €35,124 | €22,373 | -€12,752 | -36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,542 | €9,599 | -€942 | -8.9% |
| Other operating charges | 640/8 | €1,761 | €1,684 | -€77 | -4.4% |
| Non-recurring operating charges | 66A | €124 | - | -€124 | |
| Gross operating margin | 9900 | €30,748 | €42,124 | +€11,376 | +37.0% |
| Operating profit (loss) | 9901 | -€16,803 | €8,468 | +€25,271 | |
| Financial income | 75/76B | €656 | €514 | -€142 | -21.7% |
| Recurring financial income | 75 | €656 | €514 | -€142 | -21.7% |
| Financial charges | 65/66B | €4,878 | €3,408 | -€1,470 | -30.1% |
| Recurring financial charges | 65 | €4,878 | €3,408 | -€1,470 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,025 | €5,574 | +€26,599 | |
| Income taxes | 67/77 | €29,124 | - | -€29,124 | |
| Profit (loss) for the period | 9904 | -€50,149 | €5,574 | +€55,723 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,149 | €5,574 | +€55,723 |
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 16 October 2026 via checked.be.