GELDHOF ENTERPRISES: 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 ENTERPRISES
Largest movements
- Current investments +€500,000
up €500,000 (+41.1%), from €1.2m to €1.7m
- Cash +€146,629
up €146,629 (+21.2%), from €692,522 to €839,151
mainly Net result for the year (+€606,797) and Tax, wage and social debts (+€69,086)
- Tangible fixed assets -€37,857
down €37,857 (-4.1%), from €913,051 to €875,194
- Reserves +€546,797
up €546,797 (+18.9%), from €2.9m to €3.4m
of which Distributable reserves: +€546,797
- Tax, wage and social debts +€69,086
new in 2024: €69,086
- Financial income +€709,550
up €709,550 (+8,063%), from €8,800 to €718,350
- Taxes +€216,190
up €216,190 (+678%), from €31,896 to €248,086
- Gross operating margin +€22,591
up €22,591 (+14.5%), from €155,401 to €177,992
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,991,832 | €3,607,812 | +€615,980 | +20.6% |
| Fixed assets | 21/28 | €989,162 | €941,524 | -€47,638 | -4.8% |
| Tangible fixed assets | 22/27 | €913,051 | €875,194 | -€37,857 | -4.1% |
| Land and buildings | 22 | €913,051 | €875,194 | -€37,857 | -4.1% |
| Financial fixed assets | 28 | €76,111 | €66,330 | -€9,781 | -12.9% |
| Current assets | 29/58 | €2,002,670 | €2,666,288 | +€663,618 | +33.1% |
| Stocks and contracts in progress | 3 | €1,201 | €2,568 | +€1,367 | +114% |
| Stocks | 30/36 | €1,201 | €2,568 | +€1,367 | +114% |
| Amounts receivable within one year | 40/41 | €92,383 | €108,005 | +€15,622 | +16.9% |
| Trade receivables | 40 | €27,010 | €32,667 | +€5,657 | +20.9% |
| Other amounts receivable | 41 | €65,373 | €75,338 | +€9,965 | +15.2% |
| Current investments | 50/53 | €1,216,564 | €1,716,564 | +€500,000 | +41.1% |
| Cash at bank and in hand | 54/58 | €692,522 | €839,151 | +€146,629 | +21.2% |
| Total equity and liabilities | 10/49 | €2,991,832 | €3,607,812 | +€615,980 | +20.6% |
| Equity | 10/15 | €2,916,670 | €3,463,467 | +€546,797 | +18.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,898,078 | €3,444,875 | +€546,797 | +18.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,896,219 | €3,443,016 | +€546,797 | +18.9% |
| Amounts payable | 17/49 | €75,162 | €144,345 | +€69,183 | +92.0% |
| Amounts payable after more than one year | 17 | €663 | €663 | = | 0.0% |
| Financial debts | 170/4 | €663 | €663 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,499 | €143,682 | +€69,183 | +92.9% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Other loans | 439 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €6,026 | €10,311 | +€4,285 | +71.1% |
| Suppliers | 440/4 | €6,026 | €10,311 | +€4,285 | +71.1% |
| Advances received on contracts in progress | 46 | €4,285 | €4,285 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €69,086 | +€69,086 | |
| Taxes | 450/3 | - | €69,086 | +€69,086 | |
| Other amounts payable | 47/48 | €4,188 | - | -€4,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,926 | €39,690 | -€236 | -0.6% |
| Gross operating margin | 9900 | €155,401 | €177,992 | +€22,591 | +14.5% |
| Operating profit (loss) | 9901 | €115,475 | €138,302 | +€22,827 | +19.8% |
| Financial income | 75/76B | €8,800 | €718,350 | +€709,550 | +8,063% |
| Recurring financial income | 75 | €8,800 | €718,350 | +€709,550 | +8,063% |
| Financial charges | 65/66B | €1,420 | €1,769 | +€349 | +24.6% |
| Recurring financial charges | 65 | €1,420 | €1,769 | +€349 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €122,855 | €854,883 | +€732,028 | +596% |
| Income taxes | 67/77 | €31,896 | €248,086 | +€216,190 | +678% |
| Profit (loss) for the period | 9904 | €90,959 | €606,797 | +€515,838 | +567% |
| Profit (loss) for the period to be appropriated | 9905 | €90,959 | €606,797 | +€515,838 | +567% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.