GELIAN: 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.
GELIAN
Largest movements
- Cash +€191,841
up €191,841 (+42.6%), from €449,967 to €641,808
mainly Net result for the year (+€283,312) and Other debts (+€28,091)
- Reserves +€283,312
up €283,312 (+47.4%), from €598,120 to €881,432
of which Distributable reserves: +€157,012
- Tax, wage and social debts -€119,874
down €119,874 (-86.1%), from €139,270 to €19,396
- Other debts +€28,091
up €28,091 (+1,472%), from €1,909 to €30,000
- Debts after one year +€21,943
up €21,943 (+8.8%), from €250,000 to €271,943
- Gross operating margin -€194,083
down €194,083 (-33.0%), from €588,876 to €394,793
- Taxes -€72,318
down €72,318 (-43.4%), from €166,809 to €94,491
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €999,444 | €1,204,242 | +€204,798 | +20.5% |
| Fixed assets | 21/28 | €501,434 | €501,074 | -€360 | -0.1% |
| Tangible fixed assets | 22/27 | €1,434 | €1,074 | -€360 | -25.1% |
| Furniture and vehicles | 24 | €1,434 | €1,074 | -€360 | -25.1% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €498,010 | €703,168 | +€205,158 | +41.2% |
| Amounts receivable within one year | 40/41 | €37,716 | €46,224 | +€8,508 | +22.6% |
| Trade receivables | 40 | €37,716 | €39,145 | +€1,429 | +3.8% |
| Other amounts receivable | 41 | - | €7,079 | +€7,079 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €449,967 | €641,808 | +€191,841 | +42.6% |
| Deferred charges and accrued income | 490/1 | €10,326 | €15,135 | +€4,809 | +46.6% |
| Total equity and liabilities | 10/49 | €999,444 | €1,204,242 | +€204,798 | +20.5% |
| Equity | 10/15 | €599,120 | €882,432 | +€283,312 | +47.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €598,120 | €881,432 | +€283,312 | +47.4% |
| Tax-exempt reserves | 132 | €252,600 | €378,900 | +€126,300 | +50.0% |
| Distributable reserves | 133 | €345,520 | €502,532 | +€157,012 | +45.4% |
| Amounts payable | 17/49 | €400,324 | €321,810 | -€78,514 | -19.6% |
| Amounts payable after more than one year | 17 | €250,000 | €271,943 | +€21,943 | +8.8% |
| Financial debts | 170/4 | €250,000 | €271,943 | +€21,943 | +8.8% |
| Amounts payable within one year | 42/48 | €141,892 | €49,867 | -€92,026 | -64.9% |
| Trade debts | 44 | €713 | €471 | -€243 | -34.0% |
| Suppliers | 440/4 | €713 | €471 | -€243 | -34.0% |
| Taxes, remuneration and social security | 45 | €139,270 | €19,396 | -€119,874 | -86.1% |
| Taxes | 450/3 | €139,270 | €19,396 | -€119,874 | -86.1% |
| Other amounts payable | 47/48 | €1,909 | €30,000 | +€28,091 | +1,472% |
| Accrued charges and deferred income | 492/3 | €8,432 | €0 | -€8,432 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360 | €360 | = | 0.0% |
| Other operating charges | 640/8 | €713 | €456 | -€257 | -36.0% |
| Gross operating margin | 9900 | €588,876 | €394,793 | -€194,083 | -33.0% |
| Operating profit (loss) | 9901 | €587,803 | €393,977 | -€193,826 | -33.0% |
| Financial income | 75/76B | €5,423 | €378 | -€5,045 | -93.0% |
| Recurring financial income | 75 | €5,423 | €378 | -€5,045 | -93.0% |
| Financial charges | 65/66B | €11,671 | €16,551 | +€4,880 | +41.8% |
| Recurring financial charges | 65 | €11,671 | €16,551 | +€4,880 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €581,555 | €377,804 | -€203,751 | -35.0% |
| Income taxes | 67/77 | €166,809 | €94,491 | -€72,318 | -43.4% |
| Profit (loss) for the period | 9904 | €414,746 | €283,312 | -€131,433 | -31.7% |
| Transfer to tax-exempt reserves | 689 | €189,450 | €126,300 | -€63,150 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €225,296 | €157,012 | -€68,283 | -30.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.