GELO Consult: 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.
GELO Consult
Largest movements
- Cash +€92,063
up €92,063 (+635.5%), from €14,487 to €106,549
mainly Net result for the year (+€86,469) and Other debts (+€79,141)
- Receivables within one year +€3,010
up €3,010 (+19.5%), from €15,406 to €18,415
of which Trade receivables: +€3,410
- Other debts +€79,141
up €79,141 (+9213.2%), from €859 to €80,000
- Reserves +€6,469
up €6,469 (+27.0%), from €23,938 to €30,407
- Tax, wage and social debts +€5,006
up €5,006 (+77.9%), from €6,423 to €11,429
- Trade debts +€2,034
up €2,034 (+408.9%), from €497 to €2,531
- Gross operating margin +€80,857
up €80,857 (+249.1%), from €32,460 to €113,317
- Taxes +€17,006
up €17,006 (+264.8%), from €6,423 to €23,429
- Financial charges +€1,442
up €1,442 (+824.9%), from €175 to €1,617
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 | €34,007 | €126,665 | +€92,658 | +272.5% |
| Formation expenses | 20 | €622 | - | -€622 | |
| Fixed assets | 21/28 | €2,643 | €1,700 | -€943 | -35.7% |
| Tangible fixed assets | 22/27 | €2,538 | €1,595 | -€943 | -37.1% |
| Plant, machinery and equipment | 23 | €2,538 | €1,595 | -€943 | -37.1% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €30,742 | €124,965 | +€94,223 | +306.5% |
| Amounts receivable within one year | 40/41 | €15,406 | €18,415 | +€3,010 | +19.5% |
| Trade receivables | 40 | €14,356 | €17,766 | +€3,410 | +23.8% |
| Other amounts receivable | 41 | €1,050 | €650 | -€400 | -38.1% |
| Cash at bank and in hand | 54/58 | €14,487 | €106,549 | +€92,063 | +635.5% |
| Deferred charges and accrued income | 490/1 | €850 | - | -€850 | |
| Total equity and liabilities | 10/49 | €34,007 | €126,665 | +€92,658 | +272.5% |
| Equity | 10/15 | €25,538 | €32,007 | +€6,469 | +25.3% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €23,938 | €30,407 | +€6,469 | +27.0% |
| Distributable reserves | 133 | €23,938 | €30,407 | +€6,469 | +27.0% |
| Amounts payable | 17/49 | €8,469 | €94,658 | +€86,189 | +1017.7% |
| Amounts payable within one year | 42/48 | €7,780 | €93,960 | +€86,181 | +1107.8% |
| Trade debts | 44 | €497 | €2,531 | +€2,034 | +408.9% |
| Suppliers | 440/4 | €497 | €2,531 | +€2,034 | +408.9% |
| Taxes, remuneration and social security | 45 | €6,423 | €11,429 | +€5,006 | +77.9% |
| Taxes | 450/3 | €6,423 | €11,429 | +€5,006 | +77.9% |
| Other amounts payable | 47/48 | €859 | €80,000 | +€79,141 | +9213.2% |
| Accrued charges and deferred income | 492/3 | €689 | €698 | +€9 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735 | €1,564 | +€830 | +113.0% |
| Other operating charges | 640/8 | €330 | €241 | -€90 | -27.1% |
| Gross operating margin | 9900 | €32,460 | €113,317 | +€80,857 | +249.1% |
| Operating profit (loss) | 9901 | €31,395 | €111,511 | +€80,116 | +255.2% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €175 | €1,617 | +€1,442 | +824.9% |
| Recurring financial charges | 65 | €175 | €1,617 | +€1,442 | +824.9% |
| Profit (loss) for the period before taxes | 9903 | €31,220 | €109,898 | +€78,678 | +252.0% |
| Income taxes | 67/77 | €6,423 | €23,429 | +€17,006 | +264.8% |
| Profit (loss) for the period | 9904 | €24,797 | €86,469 | +€61,672 | +248.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,797 | €86,469 | +€61,672 | +248.7% |
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 5 October 2026 via checked.be.