G.B.D.: 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.B.D.
Largest movements
- Cash -€10,800
down €10,800 (-89.6%), from €12,060 to €1,260
mainly Receivables within one year (-€8,800) and Other debts (-€5,000)
- Receivables within one year +€8,800
new in 2025: €8,800
- Tangible fixed assets -€5,180
down €5,180 (-43.5%), from €11,921 to €6,741
- Other debts -€5,000
down €5,000 (-59.3%), from €8,437 to €3,437
- Profit (loss) carried forward -€1,934
down €1,934 (-4.7%), from -€41,329 to -€43,262
- Trade debts -€498
no longer reported in 2025 (was €498)
- Tax, wage and social debts +€252
up €252 (+97.0%), from €260 to €511
- Gross operating margin -€6,357
down €6,357 (-60.3%), from €10,538 to €4,181
- Financial charges -€165
down €165 (-76.0%), from €218 to €52
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 | €23,981 | €16,801 | -€7,180 | -29.9% |
| Fixed assets | 21/28 | €11,921 | €6,741 | -€5,180 | -43.5% |
| Tangible fixed assets | 22/27 | €11,921 | €6,741 | -€5,180 | -43.5% |
| Furniture and vehicles | 24 | €11,921 | €6,741 | -€5,180 | -43.5% |
| Current assets | 29/58 | €12,060 | €10,060 | -€2,000 | -16.6% |
| Amounts receivable within one year | 40/41 | - | €8,800 | +€8,800 | |
| Trade receivables | 40 | - | €8,800 | +€8,800 | |
| Cash at bank and in hand | 54/58 | €12,060 | €1,260 | -€10,800 | -89.6% |
| Total equity and liabilities | 10/49 | €23,981 | €16,801 | -€7,180 | -29.9% |
| Equity | 10/15 | €14,786 | €12,853 | -€1,934 | -13.1% |
| Contributions | 10/11 | €54,255 | €54,255 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,329 | -€43,262 | -€1,934 | -4.7% |
| Amounts payable | 17/49 | €9,194 | €3,948 | -€5,246 | -57.1% |
| Amounts payable within one year | 42/48 | €9,194 | €3,948 | -€5,246 | -57.1% |
| Trade debts | 44 | €498 | - | -€498 | |
| Suppliers | 440/4 | €498 | - | -€498 | |
| Taxes, remuneration and social security | 45 | €260 | €511 | +€252 | +97.0% |
| Taxes | 450/3 | €260 | €511 | +€252 | +97.0% |
| Other amounts payable | 47/48 | €8,437 | €3,437 | -€5,000 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,180 | €5,180 | = | 0.0% |
| Other operating charges | 640/8 | €610 | €630 | +€20 | +3.3% |
| Gross operating margin | 9900 | €10,538 | €4,181 | -€6,357 | -60.3% |
| Operating profit (loss) | 9901 | €4,748 | -€1,630 | -€6,377 | |
| Financial charges | 65/66B | €218 | €52 | -€165 | -76.0% |
| Recurring financial charges | 65 | €218 | €52 | -€165 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €4,530 | -€1,682 | -€6,212 | |
| Income taxes | 67/77 | €260 | €252 | -€8 | -3.0% |
| Profit (loss) for the period | 9904 | €4,270 | -€1,934 | -€6,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,270 | -€1,934 | -€6,204 |
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 11 October 2026 via checked.be.