Geldofs: what changed
Two fiscal 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.
Geldofs
Largest movements
- Stocks and contracts +€23,736
up €23,736 (+10.4%), from €228,780 to €252,516
- Receivables within one year -€16,777
down €16,777 (-28.3%), from €59,236 to €42,459
- Cash -€5,056
down €5,056 (-22.0%), from €22,987 to €17,931
mainly Other debts (-€35,112) and Stocks and contracts (-€23,736)
- Other debts -€35,112
no longer reported in 2025 (was €35,112)
- Profit (loss) carried forward +€32,659
up €32,659 (+1172.8%), from €2,785 to €35,444
- Debts after one year +€18,808
up €18,808 (+24.1%), from €77,972 to €96,780
of which Other amounts payable: +€35,540
- Tax, wage and social debts -€5,485
down €5,485 (-15.0%), from €36,445 to €30,961
of which Taxes: -€7,558
- Trade debts -€3,686
down €3,686 (-9.6%), from €38,389 to €34,703
- Gross operating margin -€8,475
down €8,475 (-11.6%), from €73,209 to €64,734
- Taxes +€3,596
up €3,596 (+19.2%), from €18,766 to €22,362
- Financial charges +€3,494
up €3,494 (+48.7%), from €7,171 to €10,666
- Financial income +€1,458
up €1,458 (+203.2%), from €718 to €2,176
- Depreciation -€1,339
down €1,339 (-96.1%), from €1,393 to €54
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.
Cash bridge derived
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 | €311,003 | €314,620 | +€3,617 | +1.2% |
| Fixed assets | 21/28 | - | €1,714 | +€1,714 | |
| Tangible fixed assets | 22/27 | - | €1,714 | +€1,714 | |
| Plant, machinery and equipment | 23 | - | €1,714 | +€1,714 | |
| Current assets | 29/58 | €311,003 | €312,906 | +€1,904 | +0.6% |
| Stocks and contracts in progress | 3 | €228,780 | €252,516 | +€23,736 | +10.4% |
| Stocks | 30/36 | €228,780 | €252,516 | +€23,736 | +10.4% |
| Amounts receivable within one year | 40/41 | €59,236 | €42,459 | -€16,777 | -28.3% |
| Trade receivables | 40 | €59,236 | €42,459 | -€16,777 | -28.3% |
| Cash at bank and in hand | 54/58 | €22,987 | €17,931 | -€5,056 | -22.0% |
| Total equity and liabilities | 10/49 | €311,003 | €314,620 | +€3,617 | +1.2% |
| Equity | 10/15 | €102,785 | €135,444 | +€32,659 | +31.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €95,000 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,785 | €35,444 | +€32,659 | +1172.8% |
| Amounts payable | 17/49 | €208,218 | €179,176 | -€29,042 | -13.9% |
| Amounts payable after more than one year | 17 | €77,972 | €96,780 | +€18,808 | +24.1% |
| Financial debts | 170/4 | €77,972 | €61,240 | -€16,733 | -21.5% |
| Other amounts payable | 178/9 | - | €35,540 | +€35,540 | |
| Amounts payable within one year | 42/48 | €130,246 | €82,396 | -€47,849 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €20,299 | €16,733 | -€3,567 | -17.6% |
| Trade debts | 44 | €38,389 | €34,703 | -€3,686 | -9.6% |
| Suppliers | 440/4 | €38,389 | €34,703 | -€3,686 | -9.6% |
| Taxes, remuneration and social security | 45 | €36,445 | €30,961 | -€5,485 | -15.0% |
| Taxes | 450/3 | €35,302 | €27,744 | -€7,558 | -21.4% |
| Remuneration and social security | 454/9 | €1,143 | €3,217 | +€2,074 | +181.4% |
| Other amounts payable | 47/48 | €35,112 | - | -€35,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,393 | €54 | -€1,339 | -96.1% |
| Other operating charges | 640/8 | €1,194 | €1,169 | -€25 | -2.1% |
| Gross operating margin | 9900 | €73,209 | €64,734 | -€8,475 | -11.6% |
| Operating profit (loss) | 9901 | €70,621 | €63,511 | -€7,110 | -10.1% |
| Financial income | 75/76B | €718 | €2,176 | +€1,458 | +203.2% |
| Recurring financial income | 75 | €718 | €2,176 | +€1,458 | +203.2% |
| Financial charges | 65/66B | €7,171 | €10,666 | +€3,494 | +48.7% |
| Recurring financial charges | 65 | €7,171 | €10,666 | +€3,494 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €64,167 | €55,021 | -€9,146 | -14.3% |
| Income taxes | 67/77 | €18,766 | €22,362 | +€3,596 | +19.2% |
| Profit (loss) for the period | 9904 | €45,401 | €32,659 | -€12,742 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,401 | €32,659 | -€12,742 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.