GELIMMO: 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.
GELIMMO
Largest movements
- Receivables within one year +€60,214
up €60,214 (+20.0%), from €301,373 to €361,587
of which Trade receivables: +€65,707
- Tangible fixed assets -€54,670
down €54,670 (-1.6%), from €3.4m to €3.3m
of which Other tangible fixed assets: -€34,835
- Debts after one year -€110,925
down €110,925 (-34.9%), from €317,536 to €206,611
of which Financial debts: -€112,125
- Current portion of long-term debt +€60,877
up €60,877 (+3.8%), from €1.6m to €1.7m
- Trade debts -€58,799
down €58,799 (-27.7%), from €212,272 to €153,472
- Other debts +€47,109
up €47,109 (+3.5%), from €1.3m to €1.4m
- Profit (loss) carried forward +€42,928
up €42,928 (+8.4%), from -€508,513 to -€465,585
- Staff costs -€50,450
down €50,450 (-80.2%), from €62,871 to €12,420
- Gross operating margin -€49,503
down €49,503 (-14.9%), from €333,166 to €283,663
- Other operating charges -€27,179
down €27,179 (-76.8%), from €35,371 to €8,192
- Depreciation -€8,689
down €8,689 (-4.7%), from €183,323 to €174,634
- Financial charges +€8,239
up €8,239 (+37.7%), from €21,857 to €30,096
of which Non-recurring financial charges: +€10,375
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,708,994 | €3,718,820 | +€9,826 | +0.3% |
| Fixed assets | 21/28 | €3,399,302 | €3,344,632 | -€54,670 | -1.6% |
| Tangible fixed assets | 22/27 | €3,399,302 | €3,344,632 | -€54,670 | -1.6% |
| Land and buildings | 22 | €3,138,524 | €3,119,068 | -€19,457 | -0.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €720 | €342 | -€378 | -52.5% |
| Other tangible fixed assets | 26 | €260,057 | €225,222 | -€34,835 | -13.4% |
| Current assets | 29/58 | €309,693 | €374,188 | +€64,495 | +20.8% |
| Amounts receivable within one year | 40/41 | €301,373 | €361,587 | +€60,214 | +20.0% |
| Trade receivables | 40 | €295,367 | €361,074 | +€65,707 | +22.2% |
| Other amounts receivable | 41 | €6,006 | €513 | -€5,493 | -91.5% |
| Cash at bank and in hand | 54/58 | €3,107 | €1,659 | -€1,449 | -46.6% |
| Deferred charges and accrued income | 490/1 | €5,212 | €10,943 | +€5,730 | +109.9% |
| Total equity and liabilities | 10/49 | €3,708,994 | €3,718,820 | +€9,826 | +0.3% |
| Equity | 10/15 | €103,987 | €146,915 | +€42,928 | +41.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €312,500 | €312,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €282,500 | €282,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€508,513 | -€465,585 | +€42,928 | +8.4% |
| Amounts payable | 17/49 | €3,605,007 | €3,571,905 | -€33,103 | -0.9% |
| Amounts payable after more than one year | 17 | €317,536 | €206,611 | -€110,925 | -34.9% |
| Financial debts | 170/4 | €300,086 | €187,961 | -€112,125 | -37.4% |
| Other amounts payable | 178/9 | €17,450 | €18,650 | +€1,200 | +6.9% |
| Amounts payable within one year | 42/48 | €3,273,816 | €3,336,737 | +€62,921 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €1,621,113 | €1,681,990 | +€60,877 | +3.8% |
| Financial debts | 43 | €74,144 | €73,340 | -€804 | -1.1% |
| Credit institutions | 430/8 | €74,144 | €73,340 | -€804 | -1.1% |
| Trade debts | 44 | €212,272 | €153,472 | -€58,799 | -27.7% |
| Suppliers | 440/4 | €212,272 | €153,472 | -€58,799 | -27.7% |
| Taxes, remuneration and social security | 45 | €25,279 | €39,817 | +€14,538 | +57.5% |
| Taxes | 450/3 | €23,978 | €35,533 | +€11,555 | +48.2% |
| Remuneration and social security | 454/9 | €1,301 | €4,284 | +€2,983 | +229.3% |
| Other amounts payable | 47/48 | €1,341,009 | €1,388,118 | +€47,109 | +3.5% |
| Accrued charges and deferred income | 492/3 | €13,655 | €28,556 | +€14,902 | +109.1% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €62,871 | €12,420 | -€50,450 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,323 | €174,634 | -€8,689 | -4.7% |
| Other operating charges | 640/8 | €35,371 | €8,192 | -€27,179 | -76.8% |
| Gross operating margin | 9900 | €333,166 | €283,663 | -€49,503 | -14.9% |
| Operating profit (loss) | 9901 | €51,602 | €88,417 | +€36,815 | +71.3% |
| Financial income | 75/76B | €1,144 | €689 | -€455 | -39.8% |
| Recurring financial income | 75 | €1,144 | €689 | -€455 | -39.8% |
| Financial charges | 65/66B | €21,857 | €30,096 | +€8,239 | +37.7% |
| Recurring financial charges | 65 | €16,173 | €14,038 | -€2,136 | -13.2% |
| Non-recurring financial charges | 66B | €5,684 | €16,058 | +€10,375 | +182.5% |
| Profit (loss) for the period before taxes | 9903 | €30,889 | €59,010 | +€28,121 | +91.0% |
| Income taxes | 67/77 | €8,315 | €16,082 | +€7,767 | +93.4% |
| Profit (loss) for the period | 9904 | €22,574 | €42,928 | +€20,354 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,574 | €42,928 | +€20,354 | +90.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.