GABLEX: 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.
GABLEX
Largest movements
- Current investments +€550,000
new in 2025: €550,000
- Cash +€513,932
up €513,932 (+1677.9%), from €30,629 to €544,560
mainly Net result for the year (+€844,398) and Investment in fixed assets (net) (+€300,611)
- Financial fixed assets -€300,611
down €300,611 (-28.5%), from €1.1m to €755,527
- Reserves +€844,400
up €844,400 (+202.0%), from €418,057 to €1.3m
of which Distributable reserves: +€844,400
- Debts after one year -€72,712
down €72,712 (-34.8%), from €208,803 to €136,092
- Tax, wage and social debts -€27,064
down €27,064 (-93.6%), from €28,899 to €1,835
- Other debts +€20,000
new in 2025: €20,000
- Gross operating margin +€844,813
up €844,813 (+797.3%), from €105,962 to €950,775
- Taxes +€76,811
up €76,811 (+266.4%), from €28,836 to €105,647
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 | €1,086,808 | €1,852,478 | +€765,670 | +70.5% |
| Fixed assets | 21/28 | €1,056,138 | €755,527 | -€300,611 | -28.5% |
| Financial fixed assets | 28 | €1,056,138 | €755,527 | -€300,611 | -28.5% |
| Current assets | 29/58 | €30,670 | €1,096,951 | +€1.1m | +3476.6% |
| Amounts receivable within one year | 40/41 | €42 | €2,390 | +€2,348 | +5644.0% |
| Other amounts receivable | 41 | €42 | €2,390 | +€2,348 | +5644.0% |
| Current investments | 50/53 | - | €550,000 | +€550,000 | |
| Cash at bank and in hand | 54/58 | €30,629 | €544,560 | +€513,932 | +1677.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,086,808 | €1,852,478 | +€765,670 | +70.5% |
| Equity | 10/15 | €774,392 | €1,618,790 | +€844,398 | +109.0% |
| Contributions | 10/11 | €356,200 | €356,200 | = | 0.0% |
| Reserves | 13 | €418,057 | €1,262,457 | +€844,400 | +202.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €418,057 | €1,262,457 | +€844,400 | +202.0% |
| Profit (loss) carried forward | 14 | €135 | €133 | -€2 | -1.5% |
| Amounts payable | 17/49 | €312,417 | €233,688 | -€78,728 | -25.2% |
| Amounts payable after more than one year | 17 | €208,803 | €136,092 | -€72,712 | -34.8% |
| Financial debts | 170/4 | €208,803 | €136,092 | -€72,712 | -34.8% |
| Amounts payable within one year | 42/48 | €103,614 | €97,597 | -€6,017 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €71,658 | €72,712 | +€1,053 | +1.5% |
| Trade debts | 44 | €3,056 | €3,050 | -€6 | -0.2% |
| Suppliers | 440/4 | €3,056 | €3,050 | -€6 | -0.2% |
| Taxes, remuneration and social security | 45 | €28,899 | €1,835 | -€27,064 | -93.6% |
| Taxes | 450/3 | €28,899 | €1,835 | -€27,064 | -93.6% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | - | €848,487 | +€848,487 | |
| Other operating charges | 640/8 | €960 | €2,912 | +€1,952 | +203.2% |
| Gross operating margin | 9900 | €105,962 | €950,775 | +€844,813 | +797.3% |
| Operating profit (loss) | 9901 | €105,002 | €947,863 | +€842,861 | +802.7% |
| Financial income | 75/76B | €0 | €7,337 | +€7,337 | |
| Recurring financial income | 75 | €0 | €7,337 | +€7,337 | |
| Financial charges | 65/66B | €5,185 | €5,155 | -€30 | -0.6% |
| Recurring financial charges | 65 | €5,185 | €5,155 | -€30 | -0.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €99,816 | €950,045 | +€850,228 | +851.8% |
| Income taxes | 67/77 | €28,836 | €105,647 | +€76,811 | +266.4% |
| Profit (loss) for the period | 9904 | €70,981 | €844,398 | +€773,417 | +1089.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,981 | €844,398 | +€773,417 | +1089.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.