GELOF: what changed
What changed
GELOF
filed annual accounts (NBB)
Net result for the year
€10,645
2023 · €10,765-€120
Equity
€184,160
2023 · €173,515+€10,645
Cash
€9,594
2023 · €8,282+€1,312
Balance sheet total
€1.2m
2023 · €1.2m-€10,047
Largest movements
Assets
- Tangible fixed assets -€17,687
down €17,687 (-4.2%), from €418,574 to €400,887
Equity and liabilities
- Accrued charges and deferred income -€25,299
down €25,299 (-71.1%), from €35,581 to €10,281
Income statement
- Financial charges -€3,286
down €3,286 (-5.8%), from €56,589 to €53,304
- Taxes +€2,344
up €2,344, from -€44 to €2,300
- Other operating charges +€763
up €763 (+15.8%), from €4,828 to €5,591
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€10,765
Gross operating margin
+€13
Other operating charges
-€763
Financial income
-€312
Financial charges
+€3,286
Taxes
-€2,344
Result 2024
€10,645
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2,112
Investment
-€800
Financing
€0
Cash 2023
€8,282
From operations (derived)
+€2,112
Net result for the year
+€10,645
Depreciation
+€17,687
Receivables within one year
-€4,602
Deferred charges and accrued income
-€925
Trade debts
-€803
Tax, wage and social debts
+€2,300
Other debts
+€3,110
Accrued charges and deferred income
-€25,299
Investment (derived)
-€800
Investment in fixed assets (net)
-€800
Cash 2024
€9,594
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,221,172 | €1,211,125 | -€10,047 | -0.8% |
| Fixed assets | 21/28 | €418,574 | €401,687 | -€16,887 | -4.0% |
| Tangible fixed assets | 22/27 | €418,574 | €400,887 | -€17,687 | -4.2% |
| Land and buildings | 22 | €418,574 | €400,887 | -€17,687 | -4.2% |
| Financial fixed assets | 28 | - | €800 | +€800 | |
| Current assets | 29/58 | €802,598 | €809,438 | +€6,840 | +0.9% |
| Amounts receivable within one year | 40/41 | €793,402 | €798,004 | +€4,602 | +0.6% |
| Trade receivables | 40 | €3,893 | - | -€3,893 | |
| Other amounts receivable | 41 | €789,509 | €798,004 | +€8,496 | +1.1% |
| Cash at bank and in hand | 54/58 | €8,282 | €9,594 | +€1,312 | +15.8% |
| Deferred charges and accrued income | 490/1 | €914 | €1,840 | +€925 | +101% |
| Total equity and liabilities | 10/49 | €1,221,172 | €1,211,125 | -€10,047 | -0.8% |
| Equity | 10/15 | €173,515 | €184,160 | +€10,645 | +6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €163,015 | €163,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,500 | €1,145 | +€10,645 | |
| Amounts payable | 17/49 | €1,047,657 | €1,026,965 | -€20,692 | -2.0% |
| Amounts payable within one year | 42/48 | €1,012,076 | €1,016,684 | +€4,607 | +0.5% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €1,706 | €904 | -€803 | -47.0% |
| Suppliers | 440/4 | €1,706 | €904 | -€803 | -47.0% |
| Taxes, remuneration and social security | 45 | - | €2,300 | +€2,300 | |
| Taxes | 450/3 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €10,370 | €13,480 | +€3,110 | +30.0% |
| Accrued charges and deferred income | 492/3 | €35,581 | €10,281 | -€25,299 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,687 | €17,687 | = | 0.0% |
| Other operating charges | 640/8 | €4,828 | €5,591 | +€763 | +15.8% |
| Gross operating margin | 9900 | €46,736 | €46,750 | +€13 | 0.0% |
| Operating profit (loss) | 9901 | €24,221 | €23,472 | -€750 | -3.1% |
| Financial income | 75/76B | €43,089 | €42,777 | -€312 | -0.7% |
| Recurring financial income | 75 | €43,089 | €42,777 | -€312 | -0.7% |
| Financial charges | 65/66B | €56,589 | €53,304 | -€3,286 | -5.8% |
| Recurring financial charges | 65 | €56,589 | €53,304 | -€3,286 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €10,721 | €12,945 | +€2,224 | +20.7% |
| Income taxes | 67/77 | -€44 | €2,300 | +€2,344 | |
| Profit (loss) for the period | 9904 | €10,765 | €10,645 | -€120 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,765 | €10,645 | -€120 | -1.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.