G.E.B.E.W.E.: what changed
Two fiscal 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.E.B.E.W.E.
Largest movements
- Tangible fixed assets -€53,402
down €53,402 (-4.5%), from €1.2m to €1.1m
of which Land and buildings: -€50,498
- Other debts +€299,535
up €299,535 (+479.0%), from €62,539 to €362,074
- Short-term financial debts -€243,805
down €243,805 (-83.7%), from €291,274 to €47,468
- Debts after one year -€65,724
down €65,724 (-17.3%), from €380,497 to €314,773
- Profit (loss) carried forward -€42,825
down €42,825 (-86.9%), from €49,304 to €6,480
- Staff costs -€65,579
down €65,579 (-99.9%), from €65,619 to €41
- Gross operating margin -€34,981
down €34,981 (-33.6%), from €104,112 to €69,130
- Other operating charges +€15,889
up €15,889 (+1683.6%), from €944 to €16,833
- Taxes +€11,134
up €11,134 (+1102.0%), from €1,010 to €12,145
- Financial charges -€8,439
down €8,439 (-25.4%), from €33,241 to €24,802
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 | €1,191,109 | €1,135,400 | -€55,709 | -4.7% |
| Fixed assets | 21/28 | €1,181,919 | €1,128,516 | -€53,402 | -4.5% |
| Tangible fixed assets | 22/27 | €1,181,187 | €1,127,785 | -€53,402 | -4.5% |
| Land and buildings | 22 | €1,130,184 | €1,079,686 | -€50,498 | -4.5% |
| Plant, machinery and equipment | 23 | €35,750 | €32,846 | -€2,904 | -8.1% |
| Other tangible fixed assets | 26 | €15,252 | €15,252 | = | 0.0% |
| Financial fixed assets | 28 | €732 | €732 | = | 0.0% |
| Current assets | 29/58 | €9,190 | €6,883 | -€2,307 | -25.1% |
| Amounts receivable within one year | 40/41 | - | €2,402 | +€2,402 | |
| Trade receivables | 40 | - | €2,402 | +€2,402 | |
| Cash at bank and in hand | 54/58 | €6,317 | €2,013 | -€4,304 | -68.1% |
| Deferred charges and accrued income | 490/1 | €2,874 | €2,469 | -€405 | -14.1% |
| Total equity and liabilities | 10/49 | €1,191,109 | €1,135,400 | -€55,709 | -4.7% |
| Equity | 10/15 | €333,054 | €290,230 | -€42,825 | -12.9% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,304 | €6,480 | -€42,825 | -86.9% |
| Amounts payable | 17/49 | €858,055 | €845,170 | -€12,885 | -1.5% |
| Amounts payable after more than one year | 17 | €380,497 | €314,773 | -€65,724 | -17.3% |
| Financial debts | 170/4 | €380,497 | €314,773 | -€65,724 | -17.3% |
| Amounts payable within one year | 42/48 | €475,558 | €529,397 | +€53,839 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €64,289 | €65,724 | +€1,435 | +2.2% |
| Financial debts | 43 | €291,274 | €47,468 | -€243,805 | -83.7% |
| Credit institutions | 430/8 | €291,274 | €47,468 | -€243,805 | -83.7% |
| Trade debts | 44 | €3,892 | €2,548 | -€1,343 | -34.5% |
| Suppliers | 440/4 | €3,892 | €2,548 | -€1,343 | -34.5% |
| Advances received on contracts in progress | 46 | €50,000 | €50,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,564 | €1,582 | -€1,982 | -55.6% |
| Taxes | 450/3 | €3,564 | €1,582 | -€1,982 | -55.6% |
| Other amounts payable | 47/48 | €62,539 | €362,074 | +€299,535 | +479.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €65,619 | €41 | -€65,579 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,619 | €58,543 | -€8,076 | -12.1% |
| Other operating charges | 640/8 | €944 | €16,833 | +€15,889 | +1683.6% |
| Non-recurring operating charges | 66A | €8 | - | -€8 | |
| Gross operating margin | 9900 | €104,112 | €69,130 | -€34,981 | -33.6% |
| Operating profit (loss) | 9901 | -€29,079 | -€6,286 | +€22,793 | +78.4% |
| Financial income | 75/76B | €1,384 | €408 | -€976 | -70.5% |
| Recurring financial income | 75 | €1,384 | €408 | -€976 | -70.5% |
| Financial charges | 65/66B | €33,241 | €24,802 | -€8,439 | -25.4% |
| Recurring financial charges | 65 | €33,241 | €24,802 | -€8,439 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€60,937 | -€30,680 | +€30,257 | +49.7% |
| Income taxes | 67/77 | €1,010 | €12,145 | +€11,134 | +1102.0% |
| Profit (loss) for the period | 9904 | -€61,947 | -€42,825 | +€19,122 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,947 | -€42,825 | +€19,122 | +30.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.