G.B.G.R.E.E.: what changed
Two fiscal 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.G.R.E.E.
Largest movements
- Stocks and contracts -€153,945
no longer reported in 2025 (was €153,945)
- Cash +€103,494
up €103,494 (+1877.6%), from €5,512 to €109,006
mainly Stocks and contracts (+€153,945) and Net result for the year (+€82,553)
- Receivables within one year +€84,409
up €84,409 (+368.0%), from €22,935 to €107,344
of which Other amounts receivable: +€67,164
- Reserves +€82,553
up €82,553 (+95.6%), from €86,368 to €168,922
- Current portion of long-term debt -€62,823
no longer reported in 2025 (was €62,823)
- Tax, wage and social debts +€13,703
up €13,703 (+52.3%), from €26,198 to €39,902
- Contributions +€5,000
new in 2025: €5,000
- Trade debts -€2,526
down €2,526 (-34.3%), from €7,362 to €4,836
- Gross operating margin +€22,327
up €22,327 (+27.7%), from €80,652 to €102,979
- Taxes +€6,304
up €6,304 (+40.7%), from €15,501 to €21,805
- Financial charges -€3,755
down €3,755 (-92.9%), from €4,041 to €286
- Financial income +€2,085
up €2,085 (+616.1%), from €338 to €2,424
- Other operating charges -€1,167
down €1,167 (-64.4%), from €1,812 to €645
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 | €182,752 | €218,660 | +€35,908 | +19.6% |
| Fixed assets | 21/28 | - | €552 | +€552 | |
| Tangible fixed assets | 22/27 | - | €552 | +€552 | |
| Furniture and vehicles | 24 | - | €552 | +€552 | |
| Current assets | 29/58 | €182,752 | €218,108 | +€35,355 | +19.3% |
| Stocks and contracts in progress | 3 | €153,945 | - | -€153,945 | |
| Stocks | 30/36 | €153,945 | - | -€153,945 | |
| Amounts receivable within one year | 40/41 | €22,935 | €107,344 | +€84,409 | +368.0% |
| Trade receivables | 40 | €11,795 | €29,040 | +€17,245 | +146.2% |
| Other amounts receivable | 41 | €11,140 | €78,304 | +€67,164 | +602.9% |
| Cash at bank and in hand | 54/58 | €5,512 | €109,006 | +€103,494 | +1877.6% |
| Deferred charges and accrued income | 490/1 | €360 | €1,757 | +€1,397 | +388.1% |
| Total equity and liabilities | 10/49 | €182,752 | €218,660 | +€35,908 | +19.6% |
| Equity | 10/15 | €86,368 | €173,922 | +€87,553 | +101.4% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €86,368 | €168,922 | +€82,553 | +95.6% |
| Distributable reserves | 133 | €86,368 | €168,922 | +€82,553 | +95.6% |
| Amounts payable | 17/49 | €96,384 | €44,738 | -€51,646 | -53.6% |
| Amounts payable within one year | 42/48 | €96,384 | €44,738 | -€51,646 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €62,823 | - | -€62,823 | |
| Trade debts | 44 | €7,362 | €4,836 | -€2,526 | -34.3% |
| Suppliers | 440/4 | €7,362 | €4,836 | -€2,526 | -34.3% |
| Taxes, remuneration and social security | 45 | €26,198 | €39,902 | +€13,703 | +52.3% |
| Taxes | 450/3 | €26,198 | €39,902 | +€13,703 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €113 | +€113 | |
| Other operating charges | 640/8 | €1,812 | €645 | -€1,167 | -64.4% |
| Gross operating margin | 9900 | €80,652 | €102,979 | +€22,327 | +27.7% |
| Operating profit (loss) | 9901 | €78,840 | €102,221 | +€23,381 | +29.7% |
| Financial income | 75/76B | €338 | €2,424 | +€2,085 | +616.1% |
| Recurring financial income | 75 | €338 | €2,424 | +€2,085 | +616.1% |
| Financial charges | 65/66B | €4,041 | €286 | -€3,755 | -92.9% |
| Recurring financial charges | 65 | €4,041 | €286 | -€3,755 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €75,137 | €104,358 | +€29,221 | +38.9% |
| Income taxes | 67/77 | €15,501 | €21,805 | +€6,304 | +40.7% |
| Profit (loss) for the period | 9904 | €59,637 | €82,553 | +€22,917 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,637 | €82,553 | +€22,917 | +38.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.