GELIM: 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.
GELIM
Largest movements
- Cash -€75,847
down €75,847 (-22.5%), from €336,539 to €260,692
mainly Provisions (-€100,753) and Receivables after one year (-€65,950)
- Receivables after one year +€65,950
up €65,950 (+29.1%), from €226,917 to €292,867
- Tax, wage and social debts +€123,243
new in 2025: €123,243
- Provisions -€100,753
down €100,753 (-100.0%), from €100,753 to €0
- Reserves -€30,068
down €30,068 (-9.9%), from €302,258 to €272,190
of which Tax-exempt reserves: -€302,258
- Taxes +€124,044
up €124,044, from €0 to €124,044
- Financial income +€3,946
up €3,946 (+60.5%), from €6,519 to €10,465
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 | €569,783 | €561,355 | -€8,427 | -1.5% |
| Current assets | 29/58 | €569,783 | €561,355 | -€8,427 | -1.5% |
| Amounts receivable after more than one year | 29 | €226,917 | €292,867 | +€65,950 | +29.1% |
| Other amounts receivable | 291 | €226,917 | €292,867 | +€65,950 | +29.1% |
| Cash at bank and in hand | 54/58 | €336,539 | €260,692 | -€75,847 | -22.5% |
| Deferred charges and accrued income | 490/1 | €6,327 | €7,797 | +€1,470 | +23.2% |
| Total equity and liabilities | 10/49 | €569,783 | €561,355 | -€8,427 | -1.5% |
| Equity | 10/15 | €468,180 | €438,112 | -€30,068 | -6.4% |
| Contributions | 10/11 | €162,347 | €162,347 | = | 0.0% |
| Reserves | 13 | €302,258 | €272,190 | -€30,068 | -9.9% |
| Tax-exempt reserves | 132 | €302,258 | €0 | -€302,258 | -100.0% |
| Distributable reserves | 133 | - | €272,190 | +€272,190 | |
| Profit (loss) carried forward | 14 | €3,575 | €3,575 | = | 0.0% |
| Provisions and deferred taxes | 16 | €100,753 | €0 | -€100,753 | -100.0% |
| Deferred taxes | 168 | €100,753 | €0 | -€100,753 | -100.0% |
| Amounts payable | 17/49 | €850 | €123,243 | +€122,393 | +14399.2% |
| Amounts payable within one year | 42/48 | - | €123,243 | +€123,243 | |
| Taxes, remuneration and social security | 45 | - | €123,243 | +€123,243 | |
| Taxes | 450/3 | - | €123,243 | +€123,243 | |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€17,170 | -€17,076 | +€94 | +0.5% |
| Operating profit (loss) | 9901 | -€17,288 | -€17,196 | +€92 | +0.5% |
| Financial income | 75/76B | €6,519 | €10,465 | +€3,946 | +60.5% |
| Recurring financial income | 75 | €6,519 | €10,465 | +€3,946 | +60.5% |
| Financial charges | 65/66B | €50 | €46 | -€5 | -9.5% |
| Recurring financial charges | 65 | €50 | €46 | -€5 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,820 | -€6,777 | +€4,043 | +37.4% |
| Transfer from deferred taxes | 780 | - | €100,753 | +€100,753 | |
| Income taxes | 67/77 | €0 | €124,044 | +€124,044 | |
| Profit (loss) for the period | 9904 | -€10,820 | -€30,068 | -€19,248 | -177.9% |
| Transfer from tax-exempt reserves | 789 | - | €302,258 | +€302,258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,820 | €272,190 | +€283,010 |
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 7 October 2026 via checked.be.