GELEMA: 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.
GELEMA
Largest movements
- Tangible fixed assets -€8,395
down €8,395 (-12.1%), from €69,277 to €60,883
of which Furniture and vehicles: -€7,450
- Cash +€4,992
up €4,992 (+24.8%), from €20,103 to €25,095
mainly Depreciation (+€27,551) and Net result for the year (+€2,398)
- Other debts -€5,867
down €5,867 (-10.8%), from €54,294 to €48,427
- Reserves +€2,398
up €2,398 (+6.4%), from €37,196 to €39,594
- Depreciation +€4,389
up €4,389 (+19.0%), from €23,162 to €27,551
- Taxes -€1,312
down €1,312 (-79.2%), from €1,655 to €344
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 | €100,755 | €97,878 | -€2,877 | -2.9% |
| Fixed assets | 21/28 | €69,277 | €60,883 | -€8,395 | -12.1% |
| Tangible fixed assets | 22/27 | €69,277 | €60,883 | -€8,395 | -12.1% |
| Plant, machinery and equipment | 23 | €51,079 | €50,134 | -€945 | -1.8% |
| Furniture and vehicles | 24 | €18,198 | €10,748 | -€7,450 | -40.9% |
| Current assets | 29/58 | €31,478 | €36,995 | +€5,517 | +17.5% |
| Amounts receivable within one year | 40/41 | €11,375 | €11,900 | +€525 | +4.6% |
| Trade receivables | 40 | €11,375 | €9,744 | -€1,631 | -14.3% |
| Other amounts receivable | 41 | - | €2,156 | +€2,156 | |
| Cash at bank and in hand | 54/58 | €20,103 | €25,095 | +€4,992 | +24.8% |
| Total equity and liabilities | 10/49 | €100,755 | €97,878 | -€2,877 | -2.9% |
| Equity | 10/15 | €42,196 | €44,594 | +€2,398 | +5.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,196 | €39,594 | +€2,398 | +6.4% |
| Distributable reserves | 133 | €37,196 | €39,594 | +€2,398 | +6.4% |
| Amounts payable | 17/49 | €58,559 | €53,284 | -€5,275 | -9.0% |
| Amounts payable within one year | 42/48 | €58,559 | €53,284 | -€5,275 | -9.0% |
| Trade debts | 44 | €0 | €186 | +€186 | |
| Suppliers | 440/4 | €0 | €186 | +€186 | |
| Taxes, remuneration and social security | 45 | €4,265 | €4,671 | +€406 | +9.5% |
| Taxes | 450/3 | €4,265 | €4,671 | +€406 | +9.5% |
| Other amounts payable | 47/48 | €54,294 | €48,427 | -€5,867 | -10.8% |
| Non-recurring operating income | 76A | €283 | €0 | -€283 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,162 | €27,551 | +€4,389 | +19.0% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €30,819 | €30,940 | +€122 | +0.4% |
| Operating profit (loss) | 9901 | €7,065 | €2,780 | -€4,286 | -60.7% |
| Financial income | 75/76B | €39 | €19 | -€21 | -52.8% |
| Recurring financial income | 75 | €39 | €19 | -€21 | -52.8% |
| Financial charges | 65/66B | €39 | €56 | +€17 | +44.0% |
| Recurring financial charges | 65 | €39 | €56 | +€17 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €7,065 | €2,742 | -€4,323 | -61.2% |
| Income taxes | 67/77 | €1,655 | €344 | -€1,312 | -79.2% |
| Profit (loss) for the period | 9904 | €5,410 | €2,398 | -€3,012 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,410 | €2,398 | -€3,012 | -55.7% |
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 16 October 2026 via checked.be.