GABAND: 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.
GABAND
Largest movements
- Receivables within one year +€20,946
up €20,946 (+96.2%), from €21,780 to €42,726
of which Trade receivables: +€20,691
- Tangible fixed assets -€20,943
down €20,943 (-24.1%), from €86,976 to €66,033
- Cash +€18,805
up €18,805 (+60.6%), from €31,025 to €49,830
mainly Net result for the year (+€34,019) and Depreciation (+€20,943)
- Profit (loss) carried forward +€34,019
up €34,019 (+131.2%), from €25,925 to €59,944
- Debts after one year -€20,327
down €20,327 (-31.9%), from €63,750 to €43,423
- Tax, wage and social debts +€7,713
up €7,713 (+36.3%), from €21,225 to €28,939
- Other debts -€7,467
no longer reported in 2025 (was €7,467)
- Current portion of long-term debt +€2,276
up €2,276 (+13.8%), from €16,519 to €18,795
- Gross operating margin +€14,183
up €14,183 (+25.5%), from €55,679 to €69,862
- Taxes +€3,391
up €3,391 (+45.8%), from €7,407 to €10,797
- Depreciation +€3,204
up €3,204 (+18.1%), from €17,739 to €20,943
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 | €139,886 | €158,590 | +€18,703 | +13.4% |
| Fixed assets | 21/28 | €86,976 | €66,033 | -€20,943 | -24.1% |
| Tangible fixed assets | 22/27 | €86,976 | €66,033 | -€20,943 | -24.1% |
| Furniture and vehicles | 24 | €86,976 | €66,033 | -€20,943 | -24.1% |
| Current assets | 29/58 | €52,910 | €92,557 | +€39,646 | +74.9% |
| Amounts receivable after more than one year | 29 | €105 | - | -€105 | |
| Other amounts receivable | 291 | €105 | - | -€105 | |
| Amounts receivable within one year | 40/41 | €21,780 | €42,726 | +€20,946 | +96.2% |
| Trade receivables | 40 | €21,780 | €42,471 | +€20,691 | +95.0% |
| Other amounts receivable | 41 | - | €255 | +€255 | |
| Cash at bank and in hand | 54/58 | €31,025 | €49,830 | +€18,805 | +60.6% |
| Total equity and liabilities | 10/49 | €139,886 | €158,590 | +€18,703 | +13.4% |
| Equity | 10/15 | €30,925 | €64,944 | +€34,019 | +110.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,925 | €59,944 | +€34,019 | +131.2% |
| Amounts payable | 17/49 | €108,962 | €93,646 | -€15,316 | -14.1% |
| Amounts payable after more than one year | 17 | €63,750 | €43,423 | -€20,327 | -31.9% |
| Financial debts | 170/4 | €63,750 | €43,423 | -€20,327 | -31.9% |
| Amounts payable within one year | 42/48 | €45,212 | €49,023 | +€3,812 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €16,519 | €18,795 | +€2,276 | +13.8% |
| Trade debts | 44 | - | €1,289 | +€1,289 | |
| Suppliers | 440/4 | - | €1,289 | +€1,289 | |
| Taxes, remuneration and social security | 45 | €21,225 | €28,939 | +€7,713 | +36.3% |
| Taxes | 450/3 | €21,225 | €28,939 | +€7,713 | +36.3% |
| Other amounts payable | 47/48 | €7,467 | - | -€7,467 | |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,739 | €20,943 | +€3,204 | +18.1% |
| Other operating charges | 640/8 | €1,457 | €946 | -€511 | -35.1% |
| Gross operating margin | 9900 | €55,679 | €69,862 | +€14,183 | +25.5% |
| Operating profit (loss) | 9901 | €36,484 | €47,973 | +€11,489 | +31.5% |
| Financial charges | 65/66B | €3,152 | €3,156 | +€4 | +0.1% |
| Recurring financial charges | 65 | €3,152 | €3,156 | +€4 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €33,331 | €44,816 | +€11,485 | +34.5% |
| Income taxes | 67/77 | €7,407 | €10,797 | +€3,391 | +45.8% |
| Profit (loss) for the period | 9904 | €25,925 | €34,019 | +€8,094 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,925 | €34,019 | +€8,094 | +31.2% |
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.