G.F.B.M.: 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.F.B.M.
Largest movements
- Receivables within one year +€61,723
up €61,723 (+2,090%), from €2,953 to €64,677
of which Other amounts receivable: +€35,538
- Cash +€60,811
up €60,811 (+6,752%), from €901 to €61,712
mainly Trade debts (+€50,637) and Net result for the year (+€45,783)
- Tangible fixed assets -€6,661
down €6,661 (-32.2%), from €20,683 to €14,022
of which Furniture and vehicles: -€5,215
- Deferred charges and accrued income +€3,137
new in 2025: €3,137
- Trade debts +€50,637
up €50,637 (+1,258%), from €4,024 to €54,661
- Profit (loss) carried forward +€45,783
up €45,783 (+364%), from €12,568 to €58,350
- Tax, wage and social debts +€26,589
up €26,589 (+1,381%), from €1,926 to €28,515
- Other debts -€3,500
no longer reported in 2025 (was €3,500)
- Gross operating margin +€71,743
up €71,743 (+290%), from €24,764 to €96,507
- Staff costs +€27,621
new in 2025: €27,621
- Taxes +€11,216
up €11,216 (+263%), from €4,270 to €15,486
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 | €27,017 | €147,640 | +€120,623 | +446% |
| Fixed assets | 21/28 | €23,163 | €17,115 | -€6,048 | -26.1% |
| Tangible fixed assets | 22/27 | €20,683 | €14,022 | -€6,661 | -32.2% |
| Furniture and vehicles | 24 | €8,522 | €3,307 | -€5,215 | -61.2% |
| Other tangible fixed assets | 26 | €12,161 | €10,715 | -€1,446 | -11.9% |
| Financial fixed assets | 28 | €2,481 | €3,094 | +€613 | +24.7% |
| Current assets | 29/58 | €3,854 | €130,525 | +€126,671 | +3,287% |
| Stocks and contracts in progress | 3 | - | €1,000 | +€1,000 | |
| Stocks | 30/36 | - | €1,000 | +€1,000 | |
| Amounts receivable within one year | 40/41 | €2,953 | €64,677 | +€61,723 | +2,090% |
| Trade receivables | 40 | €2,953 | €29,139 | +€26,186 | +887% |
| Other amounts receivable | 41 | - | €35,538 | +€35,538 | |
| Cash at bank and in hand | 54/58 | €901 | €61,712 | +€60,811 | +6,752% |
| Deferred charges and accrued income | 490/1 | - | €3,137 | +€3,137 | |
| Total equity and liabilities | 10/49 | €27,017 | €147,640 | +€120,623 | +446% |
| Equity | 10/15 | €17,568 | €63,350 | +€45,783 | +261% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,568 | €58,350 | +€45,783 | +364% |
| Amounts payable | 17/49 | €9,450 | €84,290 | +€74,840 | +792% |
| Amounts payable within one year | 42/48 | €9,450 | €84,290 | +€74,840 | +792% |
| Trade debts | 44 | €4,024 | €54,661 | +€50,637 | +1,258% |
| Suppliers | 440/4 | €4,024 | €54,661 | +€50,637 | +1,258% |
| Advances received on contracts in progress | 46 | - | €1,115 | +€1,115 | |
| Taxes, remuneration and social security | 45 | €1,926 | €28,515 | +€26,589 | +1,381% |
| Taxes | 450/3 | €1,926 | €28,515 | +€26,589 | +1,381% |
| Other amounts payable | 47/48 | €3,500 | - | -€3,500 | |
| Remuneration, social security and pensions | 62 | - | €27,621 | +€27,621 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,492 | €6,661 | +€169 | +2.6% |
| Other operating charges | 640/8 | €678 | €700 | +€22 | +3.3% |
| Gross operating margin | 9900 | €24,764 | €96,507 | +€71,743 | +290% |
| Operating profit (loss) | 9901 | €17,594 | €61,525 | +€43,931 | +250% |
| Financial income | 75/76B | €180 | €861 | +€681 | +378% |
| Recurring financial income | 75 | €180 | €861 | +€681 | +378% |
| Financial charges | 65/66B | €679 | €1,116 | +€437 | +64.3% |
| Recurring financial charges | 65 | €679 | €1,116 | +€437 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €17,094 | €61,269 | +€44,175 | +258% |
| Income taxes | 67/77 | €4,270 | €15,486 | +€11,216 | +263% |
| Profit (loss) for the period | 9904 | €12,824 | €45,783 | +€32,959 | +257% |
| Profit (loss) for the period to be appropriated | 9905 | €12,824 | €45,783 | +€32,959 | +257% |
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 24 October 2026 via checked.be.