GELE KOUSEN: 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.
GELE KOUSEN
Largest movements
- Receivables within one year +€18,707
up €18,707 (+65.3%), from €28,657 to €47,364
of which Trade receivables: +€15,141
- Cash +€11,300
up €11,300 (+9.1%), from €124,589 to €135,889
mainly Depreciation (+€44,704) and Trade debts (+€11,010)
- Tangible fixed assets -€9,715
down €9,715 (-9.1%), from €106,699 to €96,983
of which Other tangible fixed assets: -€4,864
- Trade debts +€11,010
up €11,010 (+481%), from €2,287 to €13,297
- Reserves +€6,891
up €6,891 (+5.1%), from €134,063 to €140,954
- Gross operating margin -€10,845
down €10,845 (-16.9%), from €64,276 to €53,431
- Depreciation +€7,486
up €7,486 (+20.1%), from €37,218 to €44,704
- Taxes -€4,121
down €4,121 (-54.1%), from €7,619 to €3,498
- Financial income +€3,805
up €3,805 (+992%), from €384 to €4,189
- Financial charges -€882
down €882 (-74.6%), from €1,183 to €300
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 | €267,029 | €285,764 | +€18,736 | +7.0% |
| Fixed assets | 21/28 | €106,699 | €96,983 | -€9,715 | -9.1% |
| Tangible fixed assets | 22/27 | €106,699 | €96,983 | -€9,715 | -9.1% |
| Plant, machinery and equipment | 23 | €72,318 | €68,118 | -€4,200 | -5.8% |
| Furniture and vehicles | 24 | €11,774 | €11,123 | -€651 | -5.5% |
| Other tangible fixed assets | 26 | €22,607 | €17,743 | -€4,864 | -21.5% |
| Current assets | 29/58 | €160,330 | €188,781 | +€28,451 | +17.7% |
| Amounts receivable within one year | 40/41 | €28,657 | €47,364 | +€18,707 | +65.3% |
| Trade receivables | 40 | €27,190 | €42,331 | +€15,141 | +55.7% |
| Other amounts receivable | 41 | €1,466 | €5,032 | +€3,566 | +243% |
| Cash at bank and in hand | 54/58 | €124,589 | €135,889 | +€11,300 | +9.1% |
| Deferred charges and accrued income | 490/1 | €7,084 | €5,528 | -€1,556 | -22.0% |
| Total equity and liabilities | 10/49 | €267,029 | €285,764 | +€18,736 | +7.0% |
| Equity | 10/15 | €253,913 | €260,804 | +€6,891 | +2.7% |
| Contributions | 10/11 | €119,850 | €119,850 | = | 0.0% |
| Reserves | 13 | €134,063 | €140,954 | +€6,891 | +5.1% |
| Distributable reserves | 133 | €134,063 | €140,954 | +€6,891 | +5.1% |
| Amounts payable | 17/49 | €13,115 | €24,960 | +€11,845 | +90.3% |
| Amounts payable within one year | 42/48 | €13,115 | €24,960 | +€11,845 | +90.3% |
| Trade debts | 44 | €2,287 | €13,297 | +€11,010 | +481% |
| Suppliers | 440/4 | €2,287 | €13,297 | +€11,010 | +481% |
| Taxes, remuneration and social security | 45 | €10,828 | €11,664 | +€835 | +7.7% |
| Taxes | 450/3 | €10,828 | €11,664 | +€835 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,218 | €44,704 | +€7,486 | +20.1% |
| Other operating charges | 640/8 | €2,815 | €2,226 | -€589 | -20.9% |
| Gross operating margin | 9900 | €64,276 | €53,431 | -€10,845 | -16.9% |
| Operating profit (loss) | 9901 | €24,242 | €6,500 | -€17,742 | -73.2% |
| Financial income | 75/76B | €384 | €4,189 | +€3,805 | +992% |
| Recurring financial income | 75 | €384 | €4,189 | +€3,805 | +992% |
| Financial charges | 65/66B | €1,183 | €300 | -€882 | -74.6% |
| Recurring financial charges | 65 | €1,183 | €300 | -€882 | -74.6% |
| Profit (loss) for the period before taxes | 9903 | €23,443 | €10,388 | -€13,054 | -55.7% |
| Income taxes | 67/77 | €7,619 | €3,498 | -€4,121 | -54.1% |
| Profit (loss) for the period | 9904 | €15,824 | €6,891 | -€8,933 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,824 | €6,891 | -€8,933 | -56.5% |
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 26 October 2026 via checked.be.