G.B.O. SERVICES: 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.O. SERVICES
Largest movements
- Cash +€35,601
up €35,601 (+12.9%), from €276,398 to €311,999
mainly Net result for the year (+€174,961) and Depreciation (+€15,707)
- Receivables within one year +€27,194
up €27,194 (+23.2%), from €117,175 to €144,370
of which Other amounts receivable: +€22,583
- Reserves +€107,938
up €107,938 (+50.3%), from €214,480 to €322,418
- Other debts -€38,316
down €38,316 (-48.8%), from €78,595 to €40,279
- Tax, wage and social debts -€7,402
down €7,402 (-8.5%), from €87,225 to €79,823
of which Taxes: -€5,332
- Gross operating margin -€71,602
down €71,602 (-21.0%), from €340,810 to €269,209
- Staff costs -€44,436
down €44,436, from €44,372 to -€64
- Depreciation -€5,537
down €5,537 (-26.1%), from €21,244 to €15,707
- Taxes +€4,471
up €4,471 (+6.1%), from €72,915 to €77,386
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 | €414,678 | €476,371 | +€61,692 | +14.9% |
| Fixed assets | 21/28 | €16,584 | €17,969 | +€1,385 | +8.4% |
| Tangible fixed assets | 22/27 | €13,490 | €14,875 | +€1,385 | +10.3% |
| Furniture and vehicles | 24 | €13,490 | €14,875 | +€1,385 | +10.3% |
| Financial fixed assets | 28 | €3,094 | €3,094 | = | 0.0% |
| Current assets | 29/58 | €398,094 | €458,402 | +€60,307 | +15.1% |
| Amounts receivable within one year | 40/41 | €117,175 | €144,370 | +€27,194 | +23.2% |
| Trade receivables | 40 | €97,251 | €101,863 | +€4,612 | +4.7% |
| Other amounts receivable | 41 | €19,924 | €42,507 | +€22,583 | +113% |
| Cash at bank and in hand | 54/58 | €276,398 | €311,999 | +€35,601 | +12.9% |
| Deferred charges and accrued income | 490/1 | €4,521 | €2,033 | -€2,488 | -55.0% |
| Total equity and liabilities | 10/49 | €414,678 | €476,371 | +€61,692 | +14.9% |
| Equity | 10/15 | €214,480 | €322,418 | +€107,938 | +50.3% |
| Reserves | 13 | €214,480 | €322,418 | +€107,938 | +50.3% |
| Distributable reserves | 133 | €214,480 | €322,418 | +€107,938 | +50.3% |
| Amounts payable | 17/49 | €200,198 | €153,953 | -€46,245 | -23.1% |
| Amounts payable within one year | 42/48 | €199,504 | €153,953 | -€45,551 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €2,497 | - | -€2,497 | |
| Trade debts | 44 | €31,186 | €33,850 | +€2,664 | +8.5% |
| Suppliers | 440/4 | €31,186 | €33,850 | +€2,664 | +8.5% |
| Taxes, remuneration and social security | 45 | €87,225 | €79,823 | -€7,402 | -8.5% |
| Taxes | 450/3 | €79,699 | €74,366 | -€5,332 | -6.7% |
| Remuneration and social security | 454/9 | €7,527 | €5,457 | -€2,069 | -27.5% |
| Other amounts payable | 47/48 | €78,595 | €40,279 | -€38,316 | -48.8% |
| Accrued charges and deferred income | 492/3 | €694 | - | -€694 | |
| Remuneration, social security and pensions | 62 | €44,372 | -€64 | -€44,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,244 | €15,707 | -€5,537 | -26.1% |
| Other operating charges | 640/8 | €2,907 | €1,298 | -€1,609 | -55.3% |
| Gross operating margin | 9900 | €340,810 | €269,209 | -€71,602 | -21.0% |
| Operating profit (loss) | 9901 | €272,287 | €252,267 | -€20,020 | -7.4% |
| Financial income | 75/76B | €12 | €2,216 | +€2,204 | +18,305% |
| Recurring financial income | 75 | €12 | €2,216 | +€2,204 | +18,305% |
| Financial charges | 65/66B | €1,705 | €2,136 | +€430 | +25.2% |
| Recurring financial charges | 65 | €1,705 | €2,136 | +€430 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €270,593 | €252,347 | -€18,246 | -6.7% |
| Income taxes | 67/77 | €72,915 | €77,386 | +€4,471 | +6.1% |
| Profit (loss) for the period | 9904 | €197,678 | €174,961 | -€22,717 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €197,678 | €174,961 | -€22,717 | -11.5% |
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.