GELEEN: 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.
GELEEN
Largest movements
- Current investments +€83,125
up €83,125 (+11.4%), from €727,950 to €811,075
- Reserves -€227,535
down €227,535 (-13.6%), from €1.7m to €1.4m
- Other debts +€152,805
up €152,805 (+76.4%), from €200,010 to €352,816
- Debts after one year +€58,914
up €58,914 (+15.3%), from €384,529 to €443,443
- Current portion of long-term debt +€47,088
up €47,088 (+45.2%), from €104,276 to €151,364
- Financial income -€138,167
down €138,167 (-87.8%), from €157,395 to €19,228
- Taxes -€16,905
down €16,905 (-33.0%), from €51,292 to €34,387
- Financial charges +€8,068
up €8,068 (+48.6%), from €16,599 to €24,667
- Gross operating margin +€4,525
up €4,525 (+3.3%), from €138,708 to €143,233
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 | €3,183,336 | €3,221,352 | +€38,016 | +1.2% |
| Fixed assets | 21/28 | €2,309,192 | €2,296,123 | -€13,070 | -0.6% |
| Tangible fixed assets | 22/27 | €622,809 | €590,902 | -€31,907 | -5.1% |
| Land and buildings | 22 | €520,326 | €497,508 | -€22,818 | -4.4% |
| Plant, machinery and equipment | 23 | €32,987 | €36,777 | +€3,790 | +11.5% |
| Furniture and vehicles | 24 | €69,497 | €56,617 | -€12,880 | -18.5% |
| Financial fixed assets | 28 | €1,686,383 | €1,705,221 | +€18,838 | +1.1% |
| Current assets | 29/58 | €874,143 | €925,229 | +€51,086 | +5.8% |
| Amounts receivable within one year | 40/41 | €22,286 | €7,158 | -€15,128 | -67.9% |
| Trade receivables | 40 | €21,347 | €289 | -€21,058 | -98.6% |
| Other amounts receivable | 41 | €939 | €6,869 | +€5,930 | +632% |
| Current investments | 50/53 | €727,950 | €811,075 | +€83,125 | +11.4% |
| Cash at bank and in hand | 54/58 | €122,615 | €103,878 | -€18,736 | -15.3% |
| Deferred charges and accrued income | 490/1 | €1,293 | €3,118 | +€1,825 | +141% |
| Total equity and liabilities | 10/49 | €3,183,336 | €3,221,352 | +€38,016 | +1.2% |
| Equity | 10/15 | €2,474,057 | €2,246,523 | -€227,535 | -9.2% |
| Contributions | 10/11 | €805,000 | €805,000 | = | 0.0% |
| Reserves | 13 | €1,669,057 | €1,441,523 | -€227,535 | -13.6% |
| Distributable reserves | 133 | €1,669,057 | €1,441,523 | -€227,535 | -13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €709,278 | €974,829 | +€265,551 | +37.4% |
| Amounts payable after more than one year | 17 | €384,529 | €443,443 | +€58,914 | +15.3% |
| Financial debts | 170/4 | €384,529 | €443,443 | +€58,914 | +15.3% |
| Amounts payable within one year | 42/48 | €324,749 | €531,386 | +€206,637 | +63.6% |
| Current portion of amounts payable after more than one year | 42 | €104,276 | €151,364 | +€47,088 | +45.2% |
| Trade debts | 44 | €5,189 | €4,247 | -€942 | -18.2% |
| Suppliers | 440/4 | €5,189 | €4,247 | -€942 | -18.2% |
| Taxes, remuneration and social security | 45 | €15,274 | €22,960 | +€7,685 | +50.3% |
| Taxes | 450/3 | €15,274 | €22,960 | +€7,685 | +50.3% |
| Other amounts payable | 47/48 | €200,010 | €352,816 | +€152,805 | +76.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,791 | €51,728 | -€63 | -0.1% |
| Other operating charges | 640/8 | €3,716 | €3,702 | -€14 | -0.4% |
| Gross operating margin | 9900 | €138,708 | €143,233 | +€4,525 | +3.3% |
| Operating profit (loss) | 9901 | €83,202 | €87,804 | +€4,602 | +5.5% |
| Financial income | 75/76B | €157,395 | €19,228 | -€138,167 | -87.8% |
| Recurring financial income | 75 | €157,395 | €19,228 | -€138,167 | -87.8% |
| Financial charges | 65/66B | €16,599 | €24,667 | +€8,068 | +48.6% |
| Recurring financial charges | 65 | €16,599 | €24,667 | +€8,068 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €223,998 | €82,365 | -€141,632 | -63.2% |
| Income taxes | 67/77 | €51,292 | €34,387 | -€16,905 | -33.0% |
| Profit (loss) for the period | 9904 | €172,706 | €47,978 | -€124,727 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €172,706 | €47,978 | -€124,727 | -72.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.