G.C.B.: 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.C.B.
Largest movements
- Tangible fixed assets +€60,204
up €60,204 (+6.0%), from €1.0m to €1.1m
of which Plant, machinery and equipment: +€61,749
- Receivables within one year +€17,998
up €17,998 (+63.5%), from €28,337 to €46,335
of which Trade receivables: +€16,759
- Debts after one year +€46,198
up €46,198 (+471.1%), from €9,806 to €56,004
- Other debts +€32,876
up €32,876 (+5.8%), from €571,534 to €604,410
- Reserves +€12,181
up €12,181 (+3.3%), from €365,182 to €377,363
of which Distributable reserves: +€12,181
- Gross operating margin -€37,723
down €37,723 (-30.0%), from €125,851 to €88,128
- Taxes -€18,274
down €18,274 (-74.7%), from €24,461 to €6,187
- Depreciation +€8,682
up €8,682 (+186.9%), from €4,645 to €13,327
- Staff costs +€6,315
up €6,315 (+17.6%), from €35,919 to €42,234
- Other operating charges +€3,241
up €3,241 (+39.1%), from €8,282 to €11,523
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 | €1,074,079 | €1,153,650 | +€79,571 | +7.4% |
| Fixed assets | 21/28 | €1,018,383 | €1,088,387 | +€70,004 | +6.9% |
| Tangible fixed assets | 22/27 | €1,009,001 | €1,069,205 | +€60,204 | +6.0% |
| Land and buildings | 22 | €1,001,357 | €999,812 | -€1,545 | -0.2% |
| Plant, machinery and equipment | 23 | €7,644 | €69,393 | +€61,749 | +807.8% |
| Financial fixed assets | 28 | €9,382 | €19,182 | +€9,800 | +104.5% |
| Current assets | 29/58 | €55,696 | €65,263 | +€9,567 | +17.2% |
| Amounts receivable within one year | 40/41 | €28,337 | €46,335 | +€17,998 | +63.5% |
| Trade receivables | 40 | - | €16,759 | +€16,759 | |
| Other amounts receivable | 41 | €28,337 | €29,576 | +€1,239 | +4.4% |
| Cash at bank and in hand | 54/58 | €27,359 | €18,928 | -€8,431 | -30.8% |
| Total equity and liabilities | 10/49 | €1,074,079 | €1,153,650 | +€79,571 | +7.4% |
| Equity | 10/15 | €383,774 | €395,955 | +€12,181 | +3.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €365,182 | €377,363 | +€12,181 | +3.3% |
| Non-distributable reserves | 130/1 | €2,713 | €2,713 | = | 0.0% |
| Legal reserve | 130 | €2,713 | €2,713 | = | 0.0% |
| Distributable reserves | 133 | €362,469 | €374,650 | +€12,181 | +3.4% |
| Amounts payable | 17/49 | €690,305 | €757,695 | +€67,390 | +9.8% |
| Amounts payable after more than one year | 17 | €9,806 | €56,004 | +€46,198 | +471.1% |
| Financial debts | 170/4 | €9,806 | €56,004 | +€46,198 | +471.1% |
| Amounts payable within one year | 42/48 | €680,499 | €701,691 | +€21,192 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €19,266 | €9,806 | -€9,460 | -49.1% |
| Trade debts | 44 | €64,895 | €54,896 | -€9,999 | -15.4% |
| Suppliers | 440/4 | €64,895 | €54,896 | -€9,999 | -15.4% |
| Taxes, remuneration and social security | 45 | €24,804 | €32,579 | +€7,775 | +31.3% |
| Taxes | 450/3 | €24,804 | €31,164 | +€6,360 | +25.6% |
| Remuneration and social security | 454/9 | - | €1,415 | +€1,415 | |
| Other amounts payable | 47/48 | €571,534 | €604,410 | +€32,876 | +5.8% |
| Remuneration, social security and pensions | 62 | €35,919 | €42,234 | +€6,315 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,645 | €13,327 | +€8,682 | +186.9% |
| Other operating charges | 640/8 | €8,282 | €11,523 | +€3,241 | +39.1% |
| Gross operating margin | 9900 | €125,851 | €88,128 | -€37,723 | -30.0% |
| Operating profit (loss) | 9901 | €77,005 | €21,044 | -€55,961 | -72.7% |
| Financial charges | 65/66B | €3,384 | €2,676 | -€708 | -20.9% |
| Recurring financial charges | 65 | €3,384 | €2,676 | -€708 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €73,621 | €18,368 | -€55,253 | -75.1% |
| Income taxes | 67/77 | €24,461 | €6,187 | -€18,274 | -74.7% |
| Profit (loss) for the period | 9904 | €49,160 | €12,181 | -€36,979 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,160 | €12,181 | -€36,979 | -75.2% |
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 9 October 2026 via checked.be.