GELBOU: 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.
GELBOU
Largest movements
- Tangible fixed assets +€451,266
up €451,266 (+17.6%), from €2.6m to €3.0m
- Receivables within one year +€59,496
up €59,496 (+186%), from €31,908 to €91,405
of which Other amounts receivable: +€68,166
- Cash -€43,338
down €43,338 (-73.3%), from €59,138 to €15,800
mainly Investment in fixed assets (net) (-€568,840) and Receivables within one year (-€59,496)
- Debts after one year +€362,206
up €362,206 (+20.3%), from €1.8m to €2.1m
- Trade debts +€41,505
up €41,505 (+248%), from €16,724 to €58,229
- Depreciation +€17,229
up €17,229 (+17.2%), from €100,345 to €117,573
- Taxes -€14,096
down €14,096 (-100%), from €14,096 to €0
- Financial charges +€8,388
up €8,388 (+9.6%), from €87,447 to €95,835
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 | €2,700,765 | €3,161,167 | +€460,402 | +17.0% |
| Fixed assets | 21/28 | €2,571,125 | €3,022,391 | +€451,266 | +17.6% |
| Tangible fixed assets | 22/27 | €2,571,125 | €3,022,391 | +€451,266 | +17.6% |
| Land and buildings | 22 | €2,571,125 | €3,022,391 | +€451,266 | +17.6% |
| Current assets | 29/58 | €129,640 | €138,776 | +€9,136 | +7.0% |
| Amounts receivable within one year | 40/41 | €31,908 | €91,405 | +€59,496 | +186% |
| Trade receivables | 40 | €8,670 | €0 | -€8,670 | -100% |
| Other amounts receivable | 41 | €23,238 | €91,405 | +€68,166 | +293% |
| Cash at bank and in hand | 54/58 | €59,138 | €15,800 | -€43,338 | -73.3% |
| Deferred charges and accrued income | 490/1 | €38,593 | €31,571 | -€7,022 | -18.2% |
| Total equity and liabilities | 10/49 | €2,700,765 | €3,161,167 | +€460,402 | +17.0% |
| Equity | 10/15 | €640,913 | €666,964 | +€26,051 | +4.1% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €16,200 | €16,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462,713 | €488,764 | +€26,051 | +5.6% |
| Amounts payable | 17/49 | €2,059,853 | €2,494,203 | +€434,351 | +21.1% |
| Amounts payable after more than one year | 17 | €1,779,931 | €2,142,137 | +€362,206 | +20.3% |
| Financial debts | 170/4 | €1,779,931 | €2,142,137 | +€362,206 | +20.3% |
| Amounts payable within one year | 42/48 | €264,549 | €345,089 | +€80,540 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €164,178 | €194,239 | +€30,061 | +18.3% |
| Trade debts | 44 | €16,724 | €58,229 | +€41,505 | +248% |
| Suppliers | 440/4 | €16,724 | €58,229 | +€41,505 | +248% |
| Taxes, remuneration and social security | 45 | €1,596 | €613 | -€984 | -61.6% |
| Taxes | 450/3 | €1,596 | €613 | -€984 | -61.6% |
| Other amounts payable | 47/48 | €82,051 | €92,009 | +€9,959 | +12.1% |
| Accrued charges and deferred income | 492/3 | €15,373 | €6,977 | -€8,396 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,345 | €117,573 | +€17,229 | +17.2% |
| Other operating charges | 640/8 | €16,985 | €17,717 | +€732 | +4.3% |
| Gross operating margin | 9900 | €248,178 | €246,806 | -€1,372 | -0.6% |
| Operating profit (loss) | 9901 | €130,848 | €111,515 | -€19,333 | -14.8% |
| Financial income | 75/76B | €11,461 | €10,371 | -€1,090 | -9.5% |
| Recurring financial income | 75 | €11,461 | €10,371 | -€1,090 | -9.5% |
| Financial charges | 65/66B | €87,447 | €95,835 | +€8,388 | +9.6% |
| Recurring financial charges | 65 | €87,447 | €95,835 | +€8,388 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €54,862 | €26,051 | -€28,811 | -52.5% |
| Income taxes | 67/77 | €14,096 | €0 | -€14,096 | -100% |
| Profit (loss) for the period | 9904 | €40,766 | €26,051 | -€14,715 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,766 | €26,051 | -€14,715 | -36.1% |
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 14 October 2026 via checked.be.