GABCO: 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.
GABCO
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+167.5%), from €901,335 to €2.4m
of which Other amounts receivable: +€1.4m
- Deferred charges and accrued income -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Profit (loss) carried forward +€181,657
up €181,657 (+2.4%), from €7.6m to €7.8m
- Financial income +€113,744
up €113,744 (+227.5%), from €49,995 to €163,740
- Taxes +€46,020
new in 2025: €46,020
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 | €9,083,890 | €9,300,715 | +€216,825 | +2.4% |
| Fixed assets | 21/28 | €6,875,416 | €6,875,416 | = | 0.0% |
| Financial fixed assets | 28 | €6,875,416 | €6,875,416 | = | 0.0% |
| Current assets | 29/58 | €2,208,474 | €2,425,299 | +€216,825 | +9.8% |
| Amounts receivable within one year | 40/41 | €901,335 | €2,410,805 | +€1.5m | +167.5% |
| Trade receivables | 40 | €168,567 | €249,600 | +€81,033 | +48.1% |
| Other amounts receivable | 41 | €732,768 | €2,161,205 | +€1.4m | +194.9% |
| Cash at bank and in hand | 54/58 | €42,184 | €14,494 | -€27,690 | -65.6% |
| Deferred charges and accrued income | 490/1 | €1,264,955 | €0 | -€1.3m | -100.0% |
| Total equity and liabilities | 10/49 | €9,083,890 | €9,300,715 | +€216,825 | +2.4% |
| Equity | 10/15 | €8,171,010 | €8,352,668 | +€181,657 | +2.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,621,010 | €7,802,668 | +€181,657 | +2.4% |
| Amounts payable | 17/49 | €912,880 | €948,047 | +€35,167 | +3.9% |
| Amounts payable after more than one year | 17 | €900,000 | €905,000 | +€5,000 | +0.6% |
| Other amounts payable | 178/9 | €900,000 | €905,000 | +€5,000 | +0.6% |
| Amounts payable within one year | 42/48 | €12,880 | €43,047 | +€30,167 | +234.2% |
| Trade debts | 44 | €12,880 | €22,027 | +€9,147 | +71.0% |
| Suppliers | 440/4 | €12,880 | €22,027 | +€9,147 | +71.0% |
| Taxes, remuneration and social security | 45 | - | €21,020 | +€21,020 | |
| Taxes | 450/3 | - | €21,020 | +€21,020 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €64,754 | €64,989 | +€235 | +0.4% |
| Operating profit (loss) | 9901 | €63,786 | €63,991 | +€204 | +0.3% |
| Financial income | 75/76B | €49,995 | €163,740 | +€113,744 | +227.5% |
| Recurring financial income | 75 | €49,995 | €163,740 | +€113,744 | +227.5% |
| Financial charges | 65/66B | €53 | €53 | +€0 | +0.5% |
| Recurring financial charges | 65 | €53 | €53 | +€0 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €113,729 | €227,678 | +€113,949 | +100.2% |
| Income taxes | 67/77 | - | €46,020 | +€46,020 | |
| Profit (loss) for the period | 9904 | €113,729 | €181,657 | +€67,928 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €113,729 | €181,657 | +€67,928 | +59.7% |
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 7 October 2026 via checked.be.