G.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.B.S.
Largest movements
- Tangible fixed assets -€61,528
down €61,528 (-6.2%), from €990,393 to €928,865
- Receivables within one year -€19,281
down €19,281 (-11.0%), from €175,484 to €156,203
of which Trade receivables: -€52,224
- Trade debts -€86,750
down €86,750 (-98.0%), from €88,506 to €1,756
- Revaluation surpluses -€51,774
down €51,774 (-6.6%), from €789,827 to €738,053
- Reserves +€51,774
up €51,774 (+6.7%), from €776,606 to €828,380
- Gross operating margin +€14,299
up €14,299 (+19.8%), from €72,311 to €86,610
- Taxes +€8,185
up €8,185 (+3,127%), from €262 to €8,447
- Depreciation -€2,116
down €2,116 (-3.3%), from €63,645 to €61,528
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 | €1,167,834 | €1,087,187 | -€80,647 | -6.9% |
| Fixed assets | 21/28 | €990,393 | €928,865 | -€61,528 | -6.2% |
| Tangible fixed assets | 22/27 | €990,393 | €928,865 | -€61,528 | -6.2% |
| Land and buildings | 22 | €990,393 | €928,865 | -€61,528 | -6.2% |
| Current assets | 29/58 | €177,441 | €158,323 | -€19,119 | -10.8% |
| Amounts receivable within one year | 40/41 | €175,484 | €156,203 | -€19,281 | -11.0% |
| Trade receivables | 40 | €60,000 | €7,776 | -€52,224 | -87.0% |
| Other amounts receivable | 41 | €115,484 | €148,427 | +€32,943 | +28.5% |
| Cash at bank and in hand | 54/58 | €14 | €176 | +€162 | +1,181% |
| Deferred charges and accrued income | 490/1 | €1,944 | €1,944 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,167,834 | €1,087,187 | -€80,647 | -6.9% |
| Equity | 10/15 | €843,231 | €844,097 | +€867 | +0.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €789,827 | €738,053 | -€51,774 | -6.6% |
| Reserves | 13 | €776,606 | €828,380 | +€51,774 | +6.7% |
| Distributable reserves | 133 | €776,606 | €828,380 | +€51,774 | +6.7% |
| Profit (loss) carried forward | 14 | -€785,176 | -€784,309 | +€867 | +0.1% |
| Amounts payable | 17/49 | €324,604 | €243,090 | -€81,514 | -25.1% |
| Amounts payable after more than one year | 17 | €43,727 | €43,727 | = | 0.0% |
| Financial debts | 170/4 | €43,727 | €43,727 | = | 0.0% |
| Amounts payable within one year | 42/48 | €280,877 | €199,363 | -€81,514 | -29.0% |
| Trade debts | 44 | €88,506 | €1,756 | -€86,750 | -98.0% |
| Suppliers | 440/4 | €88,506 | €1,756 | -€86,750 | -98.0% |
| Taxes, remuneration and social security | 45 | €271 | €8,718 | +€8,447 | +3,118% |
| Taxes | 450/3 | €271 | €8,718 | +€8,447 | +3,118% |
| Other amounts payable | 47/48 | €192,100 | €188,889 | -€3,211 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,645 | €61,528 | -€2,116 | -3.3% |
| Other operating charges | 640/8 | €15,818 | €15,402 | -€416 | -2.6% |
| Gross operating margin | 9900 | €72,311 | €86,610 | +€14,299 | +19.8% |
| Operating profit (loss) | 9901 | -€7,152 | €9,680 | +€16,832 | |
| Financial income | 75/76B | €26 | €0 | -€26 | -98.8% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -98.8% |
| Financial charges | 65/66B | €981 | €366 | -€614 | -62.6% |
| Recurring financial charges | 65 | €981 | €366 | -€614 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,107 | €9,314 | +€17,420 | |
| Income taxes | 67/77 | €262 | €8,447 | +€8,185 | +3,127% |
| Profit (loss) for the period | 9904 | -€8,368 | €867 | +€9,235 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,368 | €867 | +€9,235 |
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 21 October 2026 via checked.be.