GELEEFD HOUT: 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.
GELEEFD HOUT
Largest movements
- Cash -€62,448
down €62,448 (-77.1%), from €81,020 to €18,573
mainly Other debts (-€52,788) and Trade debts (-€34,090)
- Stocks and contracts -€37,549
down €37,549 (-54.3%), from €69,199 to €31,650
- Receivables within one year -€24,510
down €24,510 (-95.1%), from €25,776 to €1,266
of which Trade receivables: -€22,333
- Other debts -€52,788
down €52,788 (-59.9%), from €88,162 to €35,374
- Trade debts -€34,090
down €34,090 (-98.3%), from €34,690 to €600
- Advances received -€19,298
no longer reported in 2025 (was €19,298)
- Reserves -€13,253
down €13,253 (-61.4%), from €21,599 to €8,345
- Tax, wage and social debts -€3,321
down €3,321 (-51.5%), from €6,451 to €3,129
- Gross operating margin -€27,825
down €27,825 (-92.2%), from €30,174 to €2,349
- Write-downs +€13,288
up €13,288 (+354%), from €3,754 to €17,042
- Other operating charges -€7,374
down €7,374 (-85.8%), from €8,599 to €1,225
- Financial charges -€6,308
down €6,308 (-99.4%), from €6,347 to €39
- Taxes -€3,129
no longer reported in 2025 (was €3,129)
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 | €176,199 | €51,489 | -€124,710 | -70.8% |
| Current assets | 29/58 | €176,199 | €51,489 | -€124,710 | -70.8% |
| Stocks and contracts in progress | 3 | €69,199 | €31,650 | -€37,549 | -54.3% |
| Stocks | 30/36 | €69,199 | €31,650 | -€37,549 | -54.3% |
| Amounts receivable within one year | 40/41 | €25,776 | €1,266 | -€24,510 | -95.1% |
| Trade receivables | 40 | €23,485 | €1,152 | -€22,333 | -95.1% |
| Other amounts receivable | 41 | €2,291 | €114 | -€2,177 | -95.0% |
| Cash at bank and in hand | 54/58 | €81,020 | €18,573 | -€62,448 | -77.1% |
| Deferred charges and accrued income | 490/1 | €204 | - | -€204 | |
| Total equity and liabilities | 10/49 | €176,199 | €51,489 | -€124,710 | -70.8% |
| Equity | 10/15 | €27,599 | €11,641 | -€15,958 | -57.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €21,599 | €8,345 | -€13,253 | -61.4% |
| Distributable reserves | 133 | €21,599 | €8,345 | -€13,253 | -61.4% |
| Profit (loss) carried forward | 14 | - | -€2,705 | -€2,705 | |
| Amounts payable | 17/49 | €148,601 | €39,848 | -€108,752 | -73.2% |
| Amounts payable within one year | 42/48 | €148,601 | €39,103 | -€109,497 | -73.7% |
| Trade debts | 44 | €34,690 | €600 | -€34,090 | -98.3% |
| Suppliers | 440/4 | €34,690 | €600 | -€34,090 | -98.3% |
| Advances received on contracts in progress | 46 | €19,298 | - | -€19,298 | |
| Taxes, remuneration and social security | 45 | €6,451 | €3,129 | -€3,321 | -51.5% |
| Taxes | 450/3 | €6,451 | €3,129 | -€3,321 | -51.5% |
| Other amounts payable | 47/48 | €88,162 | €35,374 | -€52,788 | -59.9% |
| Accrued charges and deferred income | 492/3 | - | €745 | +€745 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,754 | €17,042 | +€13,288 | +354% |
| Other operating charges | 640/8 | €8,599 | €1,225 | -€7,374 | -85.8% |
| Gross operating margin | 9900 | €30,174 | €2,349 | -€27,825 | -92.2% |
| Operating profit (loss) | 9901 | €17,820 | -€15,919 | -€33,739 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,347 | €39 | -€6,308 | -99.4% |
| Recurring financial charges | 65 | €6,347 | €39 | -€6,308 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €11,475 | -€15,958 | -€27,433 | |
| Income taxes | 67/77 | €3,129 | - | -€3,129 | |
| Profit (loss) for the period | 9904 | €8,345 | -€15,958 | -€24,303 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,345 | -€15,958 | -€24,303 |
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 27 October 2026 via checked.be.