GELEVI: 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.
GELEVI
Largest movements
- Receivables within one year -€9,000
no longer reported in 2025 (was €9,000)
- Cash -€2,257
down €2,257 (-83.8%), from €2,694 to €436
mainly Net result for the year (-€44,256) and Trade debts (-€19,082)
- Deferred charges and accrued income -€1,168
down €1,168 (-93.1%), from €1,254 to €86
- Other debts +€69,500
up €69,500 (+12.1%), from €572,871 to €642,371
- Profit (loss) carried forward -€44,256
down €44,256 (-6.6%), from -€668,000 to -€712,257
- Trade debts -€19,082
down €19,082 (-36.6%), from €52,200 to €33,119
- Debts after one year -€15,526
down €15,526 (-47.0%), from €33,048 to €17,522
- Tax, wage and social debts -€3,659
down €3,659 (-96.3%), from €3,801 to €141
- Staff costs -€146,716
down €146,716 (-98.9%), from €148,319 to €1,603
- Gross operating margin -€45,741
down €45,741, from €7,156 to -€38,585
- Financial charges -€31,122
down €31,122 (-94.0%), from €33,113 to €1,991
- Depreciation -€13,151
no longer reported in 2025 (was €13,151)
- Other operating charges -€6,983
down €6,983 (-77.1%), from €9,061 to €2,078
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 | €13,848 | €1,422 | -€12,425 | -89.7% |
| Fixed assets | 21/28 | €900 | €900 | = | 0.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €12,948 | €522 | -€12,425 | -96.0% |
| Amounts receivable within one year | 40/41 | €9,000 | - | -€9,000 | |
| Trade receivables | 40 | €9,000 | - | -€9,000 | |
| Cash at bank and in hand | 54/58 | €2,694 | €436 | -€2,257 | -83.8% |
| Deferred charges and accrued income | 490/1 | €1,254 | €86 | -€1,168 | -93.1% |
| Total equity and liabilities | 10/49 | €13,848 | €1,422 | -€12,425 | -89.7% |
| Equity | 10/15 | -€663,000 | -€707,257 | -€44,256 | -6.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€668,000 | -€712,257 | -€44,256 | -6.6% |
| Amounts payable | 17/49 | €676,848 | €708,679 | +€31,831 | +4.7% |
| Amounts payable after more than one year | 17 | €33,048 | €17,522 | -€15,526 | -47.0% |
| Financial debts | 170/4 | €33,048 | €17,522 | -€15,526 | -47.0% |
| Amounts payable within one year | 42/48 | €643,800 | €691,157 | +€47,357 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €14,928 | €15,526 | +€598 | +4.0% |
| Trade debts | 44 | €52,200 | €33,119 | -€19,082 | -36.6% |
| Suppliers | 440/4 | €52,200 | €33,119 | -€19,082 | -36.6% |
| Taxes, remuneration and social security | 45 | €3,801 | €141 | -€3,659 | -96.3% |
| Taxes | 450/3 | €3,801 | €141 | -€3,659 | -96.3% |
| Other amounts payable | 47/48 | €572,871 | €642,371 | +€69,500 | +12.1% |
| Non-recurring operating income | 76A | €1,708 | €750 | -€958 | -56.1% |
| Remuneration, social security and pensions | 62 | €148,319 | €1,603 | -€146,716 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,151 | - | -€13,151 | |
| Other operating charges | 640/8 | €9,061 | €2,078 | -€6,983 | -77.1% |
| Non-recurring operating charges | 66A | €132,696 | - | -€132,696 | |
| Gross operating margin | 9900 | €7,156 | -€38,585 | -€45,741 | |
| Operating profit (loss) | 9901 | -€296,071 | -€42,266 | +€253,805 | +85.7% |
| Financial income | 75/76B | €226 | - | -€226 | |
| Recurring financial income | 75 | €226 | - | -€226 | |
| Financial charges | 65/66B | €33,113 | €1,991 | -€31,122 | -94.0% |
| Recurring financial charges | 65 | €33,113 | €1,991 | -€31,122 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | -€328,958 | -€44,256 | +€284,701 | +86.5% |
| Profit (loss) for the period | 9904 | -€328,958 | -€44,256 | +€284,701 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€328,958 | -€44,256 | +€284,701 | +86.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.