G & B Holding: 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 Holding
Largest movements
- Tangible fixed assets +€505,221
up €505,221 (+36.5%), from €1.4m to €1.9m
of which Land and buildings: +€517,353
- Cash -€297,594
down €297,594 (-70.4%), from €422,653 to €125,059
mainly Investment in fixed assets (net) (-€593,748) and Tax, wage and social debts (-€57,306)
- Stocks and contracts -€201,003
down €201,003 (-29.9%), from €671,161 to €470,159
- Other debts +€128,876
up €128,876 (+6.2%), from €2.1m to €2.2m
- Tax, wage and social debts -€57,306
down €57,306 (-57.5%), from €99,613 to €42,307
- Profit (loss) carried forward -€40,761
down €40,761 (-28.1%), from €145,074 to €104,313
- Gross operating margin -€157,258
down €157,258 (-56.3%), from €279,434 to €122,176
- Taxes -€32,437
down €32,437 (-92.3%), from €35,160 to €2,723
- Financial charges -€17,506
down €17,506 (-42.1%), from €41,597 to €24,091
- Other operating charges -€12,815
down €12,815 (-34.5%), from €37,188 to €24,373
- Depreciation +€10,496
up €10,496 (+13.5%), from €78,031 to €88,527
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 | €2,505,110 | €2,503,778 | -€1,332 | -0.1% |
| Fixed assets | 21/28 | €1,387,802 | €1,893,023 | +€505,221 | +36.4% |
| Tangible fixed assets | 22/27 | €1,384,202 | €1,889,423 | +€505,221 | +36.5% |
| Land and buildings | 22 | €1,304,273 | €1,821,626 | +€517,353 | +39.7% |
| Plant, machinery and equipment | 23 | €6,617 | €3,767 | -€2,850 | -43.1% |
| Furniture and vehicles | 24 | €73,313 | €64,031 | -€9,282 | -12.7% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €1,117,308 | €610,755 | -€506,553 | -45.3% |
| Stocks and contracts in progress | 3 | €671,161 | €470,159 | -€201,003 | -29.9% |
| Stocks | 30/36 | €671,161 | €470,159 | -€201,003 | -29.9% |
| Amounts receivable within one year | 40/41 | €12,143 | €4,210 | -€7,933 | -65.3% |
| Trade receivables | 40 | €12,143 | €4,210 | -€7,933 | -65.3% |
| Cash at bank and in hand | 54/58 | €422,653 | €125,059 | -€297,594 | -70.4% |
| Deferred charges and accrued income | 490/1 | €11,351 | €11,327 | -€24 | -0.2% |
| Total equity and liabilities | 10/49 | €2,505,110 | €2,503,778 | -€1,332 | -0.1% |
| Equity | 10/15 | €165,074 | €124,313 | -€40,761 | -24.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,074 | €104,313 | -€40,761 | -28.1% |
| Amounts payable | 17/49 | €2,340,036 | €2,379,465 | +€39,429 | +1.7% |
| Amounts payable after more than one year | 17 | €97,190 | €82,379 | -€14,811 | -15.2% |
| Financial debts | 170/4 | €97,190 | €82,379 | -€14,811 | -15.2% |
| Amounts payable within one year | 42/48 | €2,220,978 | €2,278,863 | +€57,885 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €35,286 | €14,811 | -€20,475 | -58.0% |
| Trade debts | 44 | €17,381 | €24,171 | +€6,790 | +39.1% |
| Suppliers | 440/4 | €17,381 | €24,171 | +€6,790 | +39.1% |
| Taxes, remuneration and social security | 45 | €99,613 | €42,307 | -€57,306 | -57.5% |
| Taxes | 450/3 | €99,613 | €42,307 | -€57,306 | -57.5% |
| Other amounts payable | 47/48 | €2,068,699 | €2,197,575 | +€128,876 | +6.2% |
| Accrued charges and deferred income | 492/3 | €21,868 | €18,223 | -€3,645 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,031 | €88,527 | +€10,496 | +13.5% |
| Other operating charges | 640/8 | €37,188 | €24,373 | -€12,815 | -34.5% |
| Non-recurring operating charges | 66A | - | €23,224 | +€23,224 | |
| Gross operating margin | 9900 | €279,434 | €122,176 | -€157,258 | -56.3% |
| Operating profit (loss) | 9901 | €164,215 | -€13,947 | -€178,162 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -96.4% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.4% |
| Financial charges | 65/66B | €41,597 | €24,091 | -€17,506 | -42.1% |
| Recurring financial charges | 65 | €41,597 | €24,091 | -€17,506 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €122,619 | -€38,038 | -€160,657 | |
| Income taxes | 67/77 | €35,160 | €2,723 | -€32,437 | -92.3% |
| Profit (loss) for the period | 9904 | €87,459 | -€40,761 | -€128,220 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,459 | -€40,761 | -€128,220 |
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 29 October 2026 via checked.be.