GELIS: 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.
GELIS
Largest movements
- Cash -€6,417
down €6,417 (-12.1%), from €53,153 to €46,737
mainly Other debts (-€18,944) and Accrued charges and deferred income (-€1,947)
- Tangible fixed assets -€2,640
down €2,640 (-42.9%), from €6,159 to €3,518
of which Furniture and vehicles: -€2,553
- Receivables within one year -€944
down €944 (-100.0%), from €944 to €0
- Reserves +€32,812
up €32,812 (+1764.1%), from €1,860 to €34,672
of which Distributable reserves: +€32,812
- Profit (loss) carried forward -€23,542
down €23,542 (-100.0%), from €23,542 to €0
- Other debts -€18,944
down €18,944 (-77.7%), from €24,381 to €5,437
- Accrued charges and deferred income -€1,947
down €1,947 (-68.9%), from €2,825 to €878
- Tax, wage and social debts +€1,479
up €1,479 (+264.7%), from €559 to €2,038
- Gross operating margin +€13,391
up €13,391 (+416.5%), from €3,215 to €16,606
- Financial charges +€1,778
up €1,778 (+4210.5%), from €42 to €1,820
- Taxes +€1,094
new in 2025: €1,094
- Depreciation +€232
up €232 (+10.7%), from €2,167 to €2,399
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 | €60,698 | €50,255 | -€10,443 | -17.2% |
| Fixed assets | 21/28 | €6,601 | €3,518 | -€3,082 | -46.7% |
| Tangible fixed assets | 22/27 | €6,159 | €3,518 | -€2,640 | -42.9% |
| Plant, machinery and equipment | 23 | €2,037 | €1,949 | -€87 | -4.3% |
| Furniture and vehicles | 24 | €4,122 | €1,569 | -€2,553 | -61.9% |
| Financial fixed assets | 28 | €442 | €0 | -€442 | -100.0% |
| Current assets | 29/58 | €54,097 | €46,737 | -€7,360 | -13.6% |
| Amounts receivable within one year | 40/41 | €944 | €0 | -€944 | -100.0% |
| Trade receivables | 40 | €944 | €0 | -€944 | -100.0% |
| Cash at bank and in hand | 54/58 | €53,153 | €46,737 | -€6,417 | -12.1% |
| Total equity and liabilities | 10/49 | €60,698 | €50,255 | -€10,443 | -17.2% |
| Equity | 10/15 | €31,602 | €40,872 | +€9,270 | +29.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €34,672 | +€32,812 | +1764.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €32,812 | +€32,812 | |
| Profit (loss) carried forward | 14 | €23,542 | €0 | -€23,542 | -100.0% |
| Amounts payable | 17/49 | €29,096 | €9,384 | -€19,712 | -67.7% |
| Amounts payable within one year | 42/48 | €26,271 | €8,505 | -€17,766 | -67.6% |
| Trade debts | 44 | €1,331 | €1,030 | -€301 | -22.6% |
| Suppliers | 440/4 | €1,331 | €1,030 | -€301 | -22.6% |
| Taxes, remuneration and social security | 45 | €559 | €2,038 | +€1,479 | +264.7% |
| Taxes | 450/3 | €559 | €2,038 | +€1,479 | +264.7% |
| Other amounts payable | 47/48 | €24,381 | €5,437 | -€18,944 | -77.7% |
| Accrued charges and deferred income | 492/3 | €2,825 | €878 | -€1,947 | -68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,167 | €2,399 | +€232 | +10.7% |
| Other operating charges | 640/8 | €501 | €387 | -€114 | -22.7% |
| Gross operating margin | 9900 | €3,215 | €16,606 | +€13,391 | +416.5% |
| Operating profit (loss) | 9901 | €547 | €13,820 | +€13,273 | +2427.6% |
| Financial income | 75/76B | €0 | €29 | +€29 | +58620.0% |
| Recurring financial income | 75 | €0 | €29 | +€29 | +58620.0% |
| Financial charges | 65/66B | €42 | €1,820 | +€1,778 | +4210.5% |
| Recurring financial charges | 65 | €42 | €1,820 | +€1,778 | +4210.5% |
| Profit (loss) for the period before taxes | 9903 | €505 | €12,029 | +€11,525 | +2284.0% |
| Income taxes | 67/77 | - | €1,094 | +€1,094 | |
| Profit (loss) for the period | 9904 | €505 | €10,936 | +€10,431 | +2067.3% |
| Profit (loss) for the period to be appropriated | 9905 | €505 | €10,936 | +€10,431 | +2067.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.