GABSI: 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.
GABSI
Largest movements
- Receivables after one year +€162,000
new in 2025: €162,000
- Receivables within one year +€25,683
up €25,683 (+6.2%), from €412,402 to €438,085
of which Trade receivables: +€73,374
- Cash +€18,555
up €18,555 (+60.5%), from €30,675 to €49,230
mainly Net result for the year (+€152,687) and Trade debts (+€73,938)
- Tangible fixed assets -€13,474
down €13,474 (-13.7%), from €98,231 to €84,757
of which Plant, machinery and equipment: -€14,704
- Trade debts +€73,938
up €73,938 (+359.5%), from €20,565 to €94,503
- Other debts +€46,000
new in 2025: €46,000
- Reserves +€38,633
up €38,633 (+9.2%), from €421,373 to €460,006
of which Distributable reserves: +€40,493
- Tax, wage and social debts +€38,050
up €38,050 (+49.2%), from €77,410 to €115,460
of which Taxes: +€42,445
- Gross operating margin +€102,281
up €102,281 (+75.7%), from €135,095 to €237,376
- Depreciation +€3,711
up €3,711 (+10.8%), from €34,428 to €38,139
- Taxes +€2,691
up €2,691 (+7.4%), from €36,192 to €38,883
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 | €541,869 | €734,569 | +€192,700 | +35.6% |
| Fixed assets | 21/28 | €98,231 | €84,757 | -€13,474 | -13.7% |
| Tangible fixed assets | 22/27 | €98,231 | €84,757 | -€13,474 | -13.7% |
| Plant, machinery and equipment | 23 | €37,727 | €23,023 | -€14,704 | -39.0% |
| Furniture and vehicles | 24 | €60,504 | €61,734 | +€1,230 | +2.0% |
| Current assets | 29/58 | €443,638 | €649,812 | +€206,174 | +46.5% |
| Amounts receivable after more than one year | 29 | - | €162,000 | +€162,000 | |
| Other amounts receivable | 291 | - | €162,000 | +€162,000 | |
| Amounts receivable within one year | 40/41 | €412,402 | €438,085 | +€25,683 | +6.2% |
| Trade receivables | 40 | €207,814 | €281,188 | +€73,374 | +35.3% |
| Other amounts receivable | 41 | €204,588 | €156,897 | -€47,692 | -23.3% |
| Cash at bank and in hand | 54/58 | €30,675 | €49,230 | +€18,555 | +60.5% |
| Deferred charges and accrued income | 490/1 | €560 | €497 | -€63 | -11.3% |
| Total equity and liabilities | 10/49 | €541,869 | €734,569 | +€192,700 | +35.6% |
| Equity | 10/15 | €439,973 | €478,606 | +€38,633 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €421,373 | €460,006 | +€38,633 | +9.2% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €419,513 | €460,006 | +€40,493 | +9.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €101,895 | €255,963 | +€154,068 | +151.2% |
| Amounts payable within one year | 42/48 | €101,895 | €255,963 | +€154,068 | +151.2% |
| Current portion of amounts payable after more than one year | 42 | €3,920 | €0 | -€3,920 | -100.0% |
| Trade debts | 44 | €20,565 | €94,503 | +€73,938 | +359.5% |
| Suppliers | 440/4 | €20,565 | €94,503 | +€73,938 | +359.5% |
| Taxes, remuneration and social security | 45 | €77,410 | €115,460 | +€38,050 | +49.2% |
| Taxes | 450/3 | €73,016 | €115,460 | +€42,445 | +58.1% |
| Remuneration and social security | 454/9 | €4,394 | €0 | -€4,394 | -100.0% |
| Other amounts payable | 47/48 | - | €46,000 | +€46,000 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,428 | €38,139 | +€3,711 | +10.8% |
| Other operating charges | 640/8 | €4,428 | €5,476 | +€1,048 | +23.7% |
| Non-recurring operating charges | 66A | - | €1,392 | +€1,392 | |
| Gross operating margin | 9900 | €135,095 | €237,376 | +€102,281 | +75.7% |
| Operating profit (loss) | 9901 | €96,239 | €192,369 | +€96,130 | +99.9% |
| Financial income | 75/76B | €12,467 | €14,308 | +€1,841 | +14.8% |
| Recurring financial income | 75 | €12,467 | €14,308 | +€1,841 | +14.8% |
| Financial charges | 65/66B | €12,780 | €15,107 | +€2,326 | +18.2% |
| Recurring financial charges | 65 | €12,780 | €15,107 | +€2,326 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €95,926 | €191,571 | +€95,644 | +99.7% |
| Income taxes | 67/77 | €36,192 | €38,883 | +€2,691 | +7.4% |
| Profit (loss) for the period | 9904 | €59,734 | €152,687 | +€92,953 | +155.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,734 | €152,687 | +€92,953 | +155.6% |
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 12 October 2026 via checked.be.