GELDHOF: 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.
GELDHOF
Largest movements
- Receivables within one year -€51,597
down €51,597 (-39.1%), from €131,899 to €80,302
of which Trade receivables: -€53,338
- Tangible fixed assets -€38,441
down €38,441 (-19.1%), from €201,153 to €162,711
of which Furniture and vehicles: -€20,178
- Deferred charges and accrued income +€9,254
up €9,254 (+395%), from €2,342 to €11,596
- Cash -€8,411
down €8,411 (-9.6%), from €87,592 to €79,181
mainly Net result for the year (-€30,749) and Other debts (-€29,638)
- Reserves -€30,749
down €30,749 (-11.8%), from €259,809 to €229,060
- Other debts -€29,638
down €29,638 (-20.2%), from €146,840 to €117,202
- Trade debts -€14,633
down €14,633 (-46.7%), from €31,319 to €16,686
- Debts after one year -€10,281
down €10,281 (-8.0%), from €129,022 to €118,741
- Staff costs +€48,662
up €48,662 (+54.3%), from €89,673 to €138,335
- Depreciation +€7,185
up €7,185 (+23.0%), from €31,256 to €38,441
- Taxes -€6,890
down €6,890 (-100%), from €6,890 to €0
- Gross operating margin +€4,630
up €4,630 (+2.8%), from €163,518 to €168,148
- Financial charges +€4,104
up €4,104 (+45.9%), from €8,943 to €13,047
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 | €645,478 | €554,890 | -€90,587 | -14.0% |
| Fixed assets | 21/28 | €203,795 | €162,711 | -€41,084 | -20.2% |
| Tangible fixed assets | 22/27 | €201,153 | €162,711 | -€38,441 | -19.1% |
| Land and buildings | 22 | €121,379 | €105,648 | -€15,731 | -13.0% |
| Plant, machinery and equipment | 23 | €6,498 | €3,965 | -€2,533 | -39.0% |
| Furniture and vehicles | 24 | €73,276 | €53,098 | -€20,178 | -27.5% |
| Financial fixed assets | 28 | €2,643 | €0 | -€2,643 | -100% |
| Current assets | 29/58 | €441,682 | €392,179 | -€49,503 | -11.2% |
| Stocks and contracts in progress | 3 | €219,850 | €221,100 | +€1,250 | +0.6% |
| Stocks | 30/36 | €219,850 | €221,100 | +€1,250 | +0.6% |
| Amounts receivable within one year | 40/41 | €131,899 | €80,302 | -€51,597 | -39.1% |
| Trade receivables | 40 | €131,045 | €77,708 | -€53,338 | -40.7% |
| Other amounts receivable | 41 | €854 | €2,594 | +€1,741 | +204% |
| Cash at bank and in hand | 54/58 | €87,592 | €79,181 | -€8,411 | -9.6% |
| Deferred charges and accrued income | 490/1 | €2,342 | €11,596 | +€9,254 | +395% |
| Total equity and liabilities | 10/49 | €645,478 | €554,890 | -€90,587 | -14.0% |
| Equity | 10/15 | €290,796 | €260,047 | -€30,749 | -10.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €259,809 | €229,060 | -€30,749 | -11.8% |
| Distributable reserves | 133 | €259,809 | €229,060 | -€30,749 | -11.8% |
| Amounts payable | 17/49 | €354,682 | €294,843 | -€59,839 | -16.9% |
| Amounts payable after more than one year | 17 | €129,022 | €118,741 | -€10,281 | -8.0% |
| Financial debts | 170/4 | €129,022 | €118,741 | -€10,281 | -8.0% |
| Amounts payable within one year | 42/48 | €225,660 | €176,102 | -€49,557 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €32,143 | €32,568 | +€425 | +1.3% |
| Trade debts | 44 | €31,319 | €16,686 | -€14,633 | -46.7% |
| Suppliers | 440/4 | €31,319 | €16,686 | -€14,633 | -46.7% |
| Taxes, remuneration and social security | 45 | €15,357 | €9,646 | -€5,712 | -37.2% |
| Taxes | 450/3 | €12,227 | €6,951 | -€5,275 | -43.1% |
| Remuneration and social security | 454/9 | €3,131 | €2,695 | -€436 | -13.9% |
| Other amounts payable | 47/48 | €146,840 | €117,202 | -€29,638 | -20.2% |
| Non-recurring operating income | 76A | €10,000 | €0 | -€10,000 | -100% |
| Remuneration, social security and pensions | 62 | €89,673 | €138,335 | +€48,662 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,256 | €38,441 | +€7,185 | +23.0% |
| Other operating charges | 640/8 | €6,945 | €9,673 | +€2,728 | +39.3% |
| Gross operating margin | 9900 | €163,518 | €168,148 | +€4,630 | +2.8% |
| Operating profit (loss) | 9901 | €35,644 | -€18,302 | -€53,945 | |
| Financial income | 75/76B | €1 | €600 | +€600 | +99,917% |
| Recurring financial income | 75 | €1 | €600 | +€600 | +99,917% |
| Financial charges | 65/66B | €8,943 | €13,047 | +€4,104 | +45.9% |
| Recurring financial charges | 65 | €8,943 | €13,047 | +€4,104 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €26,701 | -€30,749 | -€57,450 | |
| Income taxes | 67/77 | €6,890 | €0 | -€6,890 | -100% |
| Profit (loss) for the period | 9904 | €19,812 | -€30,749 | -€50,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,812 | -€30,749 | -€50,561 |
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 18 October 2026 via checked.be.