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
- Cash +€24,477
up €24,477 (+114.7%), from €21,346 to €45,822
mainly Net result for the year (+€12,068) and Depreciation (+€6,064)
- Tangible fixed assets -€6,064
down €6,064 (-45.9%), from €13,199 to €7,136
- Receivables within one year -€4,658
down €4,658 (-50.5%), from €9,233 to €4,575
of which Other amounts receivable: -€4,235
- Deferred charges and accrued income +€901
new in 2025: €901
- Reserves +€12,068
up €12,068 (+47.8%), from €25,270 to €37,338
- Tax, wage and social debts +€1,981
up €1,981 (+13.7%), from €14,426 to €16,407
- Trade debts +€607
up €607 (+56.1%), from €1,082 to €1,689
- Gross operating margin -€16,094
down €16,094 (-41.5%), from €38,762 to €22,668
- Taxes -€3,085
down €3,085 (-42.3%), from €7,289 to €4,204
- Other operating charges +€718
up €718 (+2739.2%), from €26 to €744
- Depreciation -€471
down €471 (-7.2%), from €6,535 to €6,064
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 | €43,778 | €58,434 | +€14,656 | +33.5% |
| Fixed assets | 21/28 | €13,199 | €7,136 | -€6,064 | -45.9% |
| Tangible fixed assets | 22/27 | €13,199 | €7,136 | -€6,064 | -45.9% |
| Furniture and vehicles | 24 | €13,199 | €7,136 | -€6,064 | -45.9% |
| Current assets | 29/58 | €30,579 | €51,299 | +€20,720 | +67.8% |
| Amounts receivable within one year | 40/41 | €9,233 | €4,575 | -€4,658 | -50.5% |
| Trade receivables | 40 | €424 | €0 | -€424 | -100.0% |
| Other amounts receivable | 41 | €8,810 | €4,575 | -€4,235 | -48.1% |
| Cash at bank and in hand | 54/58 | €21,346 | €45,822 | +€24,477 | +114.7% |
| Deferred charges and accrued income | 490/1 | - | €901 | +€901 | |
| Total equity and liabilities | 10/49 | €43,778 | €58,434 | +€14,656 | +33.5% |
| Equity | 10/15 | €28,270 | €40,338 | +€12,068 | +42.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,270 | €37,338 | +€12,068 | +47.8% |
| Distributable reserves | 133 | €25,270 | €37,338 | +€12,068 | +47.8% |
| Amounts payable | 17/49 | €15,508 | €18,096 | +€2,588 | +16.7% |
| Amounts payable within one year | 42/48 | €15,508 | €18,096 | +€2,588 | +16.7% |
| Trade debts | 44 | €1,082 | €1,689 | +€607 | +56.1% |
| Suppliers | 440/4 | €1,082 | €1,689 | +€607 | +56.1% |
| Taxes, remuneration and social security | 45 | €14,426 | €16,407 | +€1,981 | +13.7% |
| Taxes | 450/3 | €14,426 | €16,407 | +€1,981 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,535 | €6,064 | -€471 | -7.2% |
| Other operating charges | 640/8 | €26 | €744 | +€718 | +2739.2% |
| Gross operating margin | 9900 | €38,762 | €22,668 | -€16,094 | -41.5% |
| Operating profit (loss) | 9901 | €32,201 | €15,860 | -€16,341 | -50.7% |
| Financial income | 75/76B | €455 | €482 | +€27 | +6.0% |
| Recurring financial income | 75 | €455 | €482 | +€27 | +6.0% |
| Financial charges | 65/66B | €96 | €70 | -€26 | -26.9% |
| Recurring financial charges | 65 | €96 | €70 | -€26 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €32,559 | €16,272 | -€16,288 | -50.0% |
| Income taxes | 67/77 | €7,289 | €4,204 | -€3,085 | -42.3% |
| Profit (loss) for the period | 9904 | €25,270 | €12,068 | -€13,202 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,270 | €12,068 | -€13,202 | -52.2% |
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.