GÉLODO: 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.
GÉLODO
Largest movements
- Tangible fixed assets -€77,810
down €77,810 (-3.0%), from €2.6m to €2.5m
of which Land and buildings: -€71,637
- Other debts -€69,736
down €69,736 (-3.3%), from €2.1m to €2.1m
- Other operating charges -€575,529
down €575,529 (-98.8%), from €582,436 to €6,907
- Financial charges -€47,067
down €47,067 (-52.6%), from €89,432 to €42,365
- Gross operating margin +€45,960
up €45,960 (+59.9%), from €76,673 to €122,633
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.
Derived cash bridge
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 | €2,595,135 | €2,511,270 | -€83,865 | -3.2% |
| Fixed assets | 21/28 | €2,587,223 | €2,509,413 | -€77,810 | -3.0% |
| Tangible fixed assets | 22/27 | €2,587,223 | €2,509,413 | -€77,810 | -3.0% |
| Land and buildings | 22 | €2,576,705 | €2,505,068 | -€71,637 | -2.8% |
| Plant, machinery and equipment | 23 | €10,518 | €4,345 | -€6,173 | -58.7% |
| Current assets | 29/58 | €7,912 | €1,857 | -€6,055 | -76.5% |
| Cash at bank and in hand | 54/58 | €5,986 | €396 | -€5,590 | -93.4% |
| Deferred charges and accrued income | 490/1 | €1,925 | €1,461 | -€465 | -24.1% |
| Total equity and liabilities | 10/49 | €2,595,135 | €2,511,270 | -€83,865 | -3.2% |
| Equity | 10/15 | €411,452 | €400,970 | -€10,482 | -2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €389,452 | €378,970 | -€10,482 | -2.7% |
| Amounts payable | 17/49 | €2,183,683 | €2,110,300 | -€73,383 | -3.4% |
| Amounts payable within one year | 42/48 | €2,183,683 | €2,110,300 | -€73,383 | -3.4% |
| Trade debts | 44 | €37,056 | €29,509 | -€7,546 | -20.4% |
| Suppliers | 440/4 | €37,056 | €29,509 | -€7,546 | -20.4% |
| Taxes, remuneration and social security | 45 | €8,640 | €12,539 | +€3,899 | +45.1% |
| Taxes | 450/3 | €8,640 | €12,539 | +€3,899 | +45.1% |
| Other amounts payable | 47/48 | €2,137,987 | €2,068,251 | -€69,736 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,931 | €83,844 | -€87 | -0.1% |
| Other operating charges | 640/8 | €582,436 | €6,907 | -€575,529 | -98.8% |
| Gross operating margin | 9900 | €76,673 | €122,633 | +€45,960 | +59.9% |
| Operating profit (loss) | 9901 | -€589,693 | €31,883 | +€621,576 | |
| Financial charges | 65/66B | €89,432 | €42,365 | -€47,067 | -52.6% |
| Recurring financial charges | 65 | €89,432 | €42,365 | -€47,067 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | -€679,125 | -€10,482 | +€668,643 | +98.5% |
| Profit (loss) for the period | 9904 | -€679,125 | -€10,482 | +€668,643 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€679,125 | -€10,482 | +€668,643 | +98.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.