G.E.B. LABRANCHE: 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. LABRANCHE
Largest movements
- Tangible fixed assets -€62,983
down €62,983 (-9.4%), from €673,453 to €610,469
of which Land and buildings: -€56,600
- Profit (loss) carried forward -€66,710
down €66,710 (-63.5%), from -€105,068 to -€171,778
- Gross operating margin -€24,930
down €24,930, from €22,133 to -€2,796
- Depreciation -€3,595
down €3,595 (-5.4%), from €66,579 to €62,983
- Taxes -€1,689
no longer reported in 2025 (was €1,689)
- Other operating charges -€1,150
down €1,150 (-71.1%), from €1,617 to €467
- Financial charges -€929
down €929 (-66.7%), from €1,393 to €464
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 | €743,574 | €680,265 | -€63,309 | -8.5% |
| Fixed assets | 21/28 | €673,453 | €610,469 | -€62,983 | -9.4% |
| Tangible fixed assets | 22/27 | €673,453 | €610,469 | -€62,983 | -9.4% |
| Land and buildings | 22 | €638,711 | €582,111 | -€56,600 | -8.9% |
| Plant, machinery and equipment | 23 | €109 | - | -€109 | |
| Other tangible fixed assets | 26 | €34,634 | €28,359 | -€6,275 | -18.1% |
| Current assets | 29/58 | €70,122 | €69,796 | -€326 | -0.5% |
| Amounts receivable within one year | 40/41 | €70,042 | €69,786 | -€256 | -0.4% |
| Trade receivables | 40 | €12,500 | €12,500 | = | 0.0% |
| Other amounts receivable | 41 | €57,542 | €57,286 | -€256 | -0.4% |
| Cash at bank and in hand | 54/58 | €79 | €9 | -€70 | -88.2% |
| Total equity and liabilities | 10/49 | €743,574 | €680,265 | -€63,309 | -8.5% |
| Equity | 10/15 | €660,312 | €593,602 | -€66,710 | -10.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €746,788 | €746,788 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €744,929 | €744,929 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,068 | -€171,778 | -€66,710 | -63.5% |
| Amounts payable | 17/49 | €83,262 | €86,663 | +€3,401 | +4.1% |
| Amounts payable within one year | 42/48 | €83,262 | €86,663 | +€3,401 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €20,272 | €20,272 | = | 0.0% |
| Financial debts | 43 | €49 | €321 | +€272 | +550.5% |
| Credit institutions | 430/8 | €49 | €321 | +€272 | +550.5% |
| Trade debts | 44 | €26,731 | €27,391 | +€660 | +2.5% |
| Suppliers | 440/4 | €26,731 | €27,391 | +€660 | +2.5% |
| Taxes, remuneration and social security | 45 | €167 | €167 | = | 0.0% |
| Taxes | 450/3 | €167 | €167 | = | 0.0% |
| Other amounts payable | 47/48 | €36,043 | €38,512 | +€2,469 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,579 | €62,983 | -€3,595 | -5.4% |
| Other operating charges | 640/8 | €1,617 | €467 | -€1,150 | -71.1% |
| Gross operating margin | 9900 | €22,133 | -€2,796 | -€24,930 | |
| Operating profit (loss) | 9901 | -€46,062 | -€66,247 | -€20,185 | -43.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,393 | €464 | -€929 | -66.7% |
| Recurring financial charges | 65 | €1,393 | €464 | -€929 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | -€47,455 | -€66,710 | -€19,255 | -40.6% |
| Income taxes | 67/77 | €1,689 | - | -€1,689 | |
| Profit (loss) for the period | 9904 | -€49,144 | -€66,710 | -€17,566 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,144 | -€66,710 | -€17,566 | -35.7% |
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 8 October 2026 via checked.be.