G&B Team: 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 Team
Largest movements
- Cash -€107,779
down €107,779 (-48.0%), from €224,721 to €116,941
mainly Other debts (-€88,940) and Investment in fixed assets (net) (-€64,676)
- Tangible fixed assets +€52,047
up €52,047 (+416%), from €12,520 to €64,566
of which Leasing and similar rights: +€35,614
- Receivables within one year +€24,928
up €24,928 (+22.8%), from €109,183 to €134,111
of which Other amounts receivable: +€27,022
- Other debts -€88,940
down €88,940 (-31.8%), from €280,000 to €191,060
- Debts after one year +€30,636
new in 2025: €30,636
- Trade debts +€13,537
up €13,537 (+392%), from €3,451 to €16,988
- Profit (loss) carried forward +€11,149
up €11,149 (+80.6%), from €13,828 to €24,976
- Current portion of long-term debt +€4,401
up €4,401 (+114%), from €3,874 to €8,274
- Gross operating margin -€302,965
down €302,965 (-75.8%), from €399,440 to €96,475
- Taxes -€78,931
down €78,931 (-82.3%), from €95,863 to €16,932
- Depreciation +€4,357
up €4,357 (+52.7%), from €8,273 to €12,629
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 | €349,815 | €321,197 | -€28,618 | -8.2% |
| Fixed assets | 21/28 | €12,520 | €64,566 | +€52,047 | +416% |
| Tangible fixed assets | 22/27 | €12,520 | €64,566 | +€52,047 | +416% |
| Furniture and vehicles | 24 | €9,063 | €25,496 | +€16,433 | +181% |
| Leasing and similar rights | 25 | €3,457 | €39,071 | +€35,614 | +1,030% |
| Current assets | 29/58 | €337,296 | €256,631 | -€80,665 | -23.9% |
| Amounts receivable within one year | 40/41 | €109,183 | €134,111 | +€24,928 | +22.8% |
| Trade receivables | 40 | €106,999 | €104,905 | -€2,094 | -2.0% |
| Other amounts receivable | 41 | €2,184 | €29,206 | +€27,022 | +1,237% |
| Cash at bank and in hand | 54/58 | €224,721 | €116,941 | -€107,779 | -48.0% |
| Deferred charges and accrued income | 490/1 | €3,392 | €5,579 | +€2,187 | +64.5% |
| Total equity and liabilities | 10/49 | €349,815 | €321,197 | -€28,618 | -8.2% |
| Equity | 10/15 | €28,828 | €39,976 | +€11,149 | +38.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,828 | €24,976 | +€11,149 | +80.6% |
| Amounts payable | 17/49 | €320,988 | €281,221 | -€39,767 | -12.4% |
| Amounts payable after more than one year | 17 | - | €30,636 | +€30,636 | |
| Financial debts | 170/4 | - | €30,636 | +€30,636 | |
| Amounts payable within one year | 42/48 | €320,988 | €250,585 | -€70,403 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €3,874 | €8,274 | +€4,401 | +114% |
| Trade debts | 44 | €3,451 | €16,988 | +€13,537 | +392% |
| Suppliers | 440/4 | €3,451 | €16,988 | +€13,537 | +392% |
| Taxes, remuneration and social security | 45 | €33,663 | €34,263 | +€600 | +1.8% |
| Taxes | 450/3 | €33,663 | €34,263 | +€600 | +1.8% |
| Other amounts payable | 47/48 | €280,000 | €191,060 | -€88,940 | -31.8% |
| Non-recurring operating income | 76A | - | €650 | +€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,273 | €12,629 | +€4,357 | +52.7% |
| Other operating charges | 640/8 | €908 | €1,431 | +€523 | +57.6% |
| Gross operating margin | 9900 | €399,440 | €96,475 | -€302,965 | -75.8% |
| Operating profit (loss) | 9901 | €390,260 | €82,415 | -€307,845 | -78.9% |
| Financial income | 75/76B | €50 | €46 | -€4 | -8.3% |
| Recurring financial income | 75 | €50 | €46 | -€4 | -8.3% |
| Financial charges | 65/66B | €619 | €880 | +€262 | +42.3% |
| Recurring financial charges | 65 | €619 | €880 | +€262 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €389,691 | €81,580 | -€308,111 | -79.1% |
| Income taxes | 67/77 | €95,863 | €16,932 | -€78,931 | -82.3% |
| Profit (loss) for the period | 9904 | €293,828 | €64,649 | -€229,179 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €293,828 | €64,649 | -€229,179 | -78.0% |
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.