G.A.B.S.: 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.
G.A.B.S.
Largest movements
- Cash +€53,070
up €53,070 (+60.8%), from €87,236 to €140,306
mainly Net result for the year (+€24,156) and Receivables within one year (+€14,694)
- Receivables within one year -€14,694
down €14,694 (-11.5%), from €127,632 to €112,938
- Tangible fixed assets -€10,337
down €10,337 (-1.8%), from €569,637 to €559,300
of which Land and buildings: -€11,769
- Reserves +€26,000
up €26,000 (+19.5%), from €133,513 to €159,513
of which Non-distributable reserves: +€26,000
- Gross operating margin +€28,748
up €28,748 (+97.9%), from €29,353 to €58,101
- Taxes +€11,323
up €11,323 (+478%), from €2,368 to €13,691
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 | €785,533 | €814,749 | +€29,216 | +3.7% |
| Fixed assets | 21/28 | €569,637 | €559,300 | -€10,337 | -1.8% |
| Tangible fixed assets | 22/27 | €569,637 | €559,300 | -€10,337 | -1.8% |
| Land and buildings | 22 | €565,216 | €553,447 | -€11,769 | -2.1% |
| Plant, machinery and equipment | 23 | €3,867 | €5,499 | +€1,632 | +42.2% |
| Furniture and vehicles | 24 | €554 | €354 | -€200 | -36.1% |
| Current assets | 29/58 | €215,896 | €255,449 | +€39,554 | +18.3% |
| Amounts receivable within one year | 40/41 | €127,632 | €112,938 | -€14,694 | -11.5% |
| Other amounts receivable | 41 | €127,632 | €112,938 | -€14,694 | -11.5% |
| Cash at bank and in hand | 54/58 | €87,236 | €140,306 | +€53,070 | +60.8% |
| Deferred charges and accrued income | 490/1 | €1,027 | €2,205 | +€1,178 | +115% |
| Total equity and liabilities | 10/49 | €785,533 | €814,749 | +€29,216 | +3.7% |
| Equity | 10/15 | €784,624 | €808,780 | +€24,156 | +3.1% |
| Contributions | 10/11 | €329,698 | €329,698 | = | 0.0% |
| Contributions outside capital | 11 | €329,698 | €329,698 | = | 0.0% |
| Other | 1109/19 | €329,698 | €329,698 | = | 0.0% |
| Reserves | 13 | €133,513 | €159,513 | +€26,000 | +19.5% |
| Non-distributable reserves | 130/1 | €32,970 | €58,970 | +€26,000 | +78.9% |
| Reserves not available under the articles | 1311 | €32,970 | €32,970 | = | 0.0% |
| Own shares acquired | 1312 | - | €26,000 | +€26,000 | |
| Tax-exempt reserves | 132 | €72,842 | €72,842 | = | 0.0% |
| Distributable reserves | 133 | €27,701 | €27,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | €321,413 | €319,569 | -€1,844 | -0.6% |
| Amounts payable | 17/49 | €909 | €5,969 | +€5,060 | +557% |
| Amounts payable within one year | 42/48 | €909 | €5,969 | +€5,060 | +557% |
| Trade debts | 44 | €909 | €769 | -€140 | -15.4% |
| Suppliers | 440/4 | €909 | €769 | -€140 | -15.4% |
| Other amounts payable | 47/48 | - | €5,200 | +€5,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,523 | €12,544 | +€21 | +0.2% |
| Other operating charges | 640/8 | €6,875 | €7,255 | +€380 | +5.5% |
| Gross operating margin | 9900 | €29,353 | €58,101 | +€28,748 | +97.9% |
| Operating profit (loss) | 9901 | €9,956 | €38,302 | +€28,346 | +285% |
| Financial charges | 65/66B | €484 | €454 | -€29 | -6.1% |
| Recurring financial charges | 65 | €484 | €454 | -€29 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €9,472 | €37,848 | +€28,375 | +300% |
| Income taxes | 67/77 | €2,368 | €13,691 | +€11,323 | +478% |
| Profit (loss) for the period | 9904 | €7,104 | €24,156 | +€17,052 | +240% |
| Profit (loss) for the period to be appropriated | 9905 | €7,104 | €24,156 | +€17,052 | +240% |
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 26 October 2026 via checked.be.