GIELEN EDDY: 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.
GIELEN EDDY
Largest movements
- Tangible fixed assets -€11,867
down €11,867 (-88.5%), from €13,411 to €1,545
of which Furniture and vehicles: -€11,558
- Cash -€6,969
down €6,969 (-25.1%), from €27,774 to €20,805
mainly Net result for the year (-€13,664) and Receivables within one year (-€2,930)
- Receivables within one year +€2,930
up €2,930 (+281%), from €1,041 to €3,971
- Reserves -€13,053
down €13,053 (-7.6%), from €170,739 to €157,686
of which Distributable reserves: -€7,040
- Gross operating margin +€6,640
up €6,640 (+51.9%), from -€12,803 to -€6,163
- Financial income +€1,484
up €1,484 (+35.3%), from €4,205 to €5,690
- Depreciation -€1,460
down €1,460 (-11.0%), from €13,327 to €11,867
- Other operating charges -€432
down €432 (-59.8%), from €722 to €290
- Financial charges -€244
down €244 (-21.5%), from €1,133 to €889
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 | €190,947 | €176,520 | -€14,427 | -7.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €13,411 | €1,545 | -€11,867 | -88.5% |
| Tangible fixed assets | 22/27 | €13,411 | €1,545 | -€11,867 | -88.5% |
| Land and buildings | 22 | €1,854 | €1,545 | -€309 | -16.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €11,558 | €0 | -€11,558 | -100% |
| Current assets | 29/58 | €177,536 | €174,975 | -€2,561 | -1.4% |
| Amounts receivable within one year | 40/41 | €1,041 | €3,971 | +€2,930 | +281% |
| Other amounts receivable | 41 | €1,041 | €3,971 | +€2,930 | +281% |
| Current investments | 50/53 | €148,721 | €150,199 | +€1,478 | +1.0% |
| Cash at bank and in hand | 54/58 | €27,774 | €20,805 | -€6,969 | -25.1% |
| Total equity and liabilities | 10/49 | €190,947 | €176,520 | -€14,427 | -7.6% |
| Equity | 10/15 | €190,056 | €176,392 | -€13,664 | -7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,739 | €157,686 | -€13,053 | -7.6% |
| Non-distributable reserves | 130/1 | €6,013 | - | -€6,013 | |
| Other | 1319 | €6,013 | - | -€6,013 | |
| Distributable reserves | 133 | €164,726 | €157,686 | -€7,040 | -4.3% |
| Profit (loss) carried forward | 14 | €717 | €106 | -€611 | -85.2% |
| Amounts payable | 17/49 | €891 | €127 | -€764 | -85.7% |
| Amounts payable within one year | 42/48 | €319 | €127 | -€192 | -60.1% |
| Trade debts | 44 | €153 | €127 | -€25 | -16.5% |
| Suppliers | 440/4 | €153 | €127 | -€25 | -16.5% |
| Other amounts payable | 47/48 | €166 | - | -€166 | |
| Accrued charges and deferred income | 492/3 | €572 | - | -€572 | |
| Non-recurring operating income | 76A | €550 | €2,707 | +€2,157 | +392% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,327 | €11,867 | -€1,460 | -11.0% |
| Other operating charges | 640/8 | €722 | €290 | -€432 | -59.8% |
| Gross operating margin | 9900 | -€12,803 | -€6,163 | +€6,640 | +51.9% |
| Operating profit (loss) | 9901 | -€26,852 | -€18,320 | +€8,532 | +31.8% |
| Financial income | 75/76B | €4,205 | €5,690 | +€1,484 | +35.3% |
| Recurring financial income | 75 | €4,205 | €5,690 | +€1,484 | +35.3% |
| Financial charges | 65/66B | €1,133 | €889 | -€244 | -21.5% |
| Recurring financial charges | 65 | €1,133 | €889 | -€244 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,779 | -€13,520 | +€10,260 | +43.1% |
| Income taxes | 67/77 | €156 | €144 | -€12 | -7.4% |
| Profit (loss) for the period | 9904 | -€23,935 | -€13,664 | +€10,271 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,935 | -€13,664 | +€10,271 | +42.9% |
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 19 October 2026 via checked.be.