GB Ltd.: 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.
GB Ltd.
Largest movements
- Cash +€18,459
up €18,459 (+44.8%), from €41,218 to €59,677
mainly Net result for the year (+€26,419) and Other debts (+€25,200)
- Receivables within one year +€10,891
up €10,891 (+544%), from €2,002 to €12,892
of which Trade receivables: +€7,494
- Tangible fixed assets -€8,288
down €8,288 (-25.7%), from €32,242 to €23,954
- Other debts +€25,200
up €25,200 (+3,150%), from €800 to €26,000
- Tax, wage and social debts -€3,419
down €3,419 (-60.5%), from €5,650 to €2,231
- Trade debts -€1,137
down €1,137 (-76.1%), from €1,495 to €357
- Depreciation +€7,379
up €7,379 (+812%), from €908 to €8,288
- Taxes -€2,955
down €2,955 (-26.0%), from €11,358 to €8,403
- Gross operating margin -€1,338
down €1,338 (-3.0%), from €44,915 to €43,577
- Other operating charges -€1,011
down €1,011 (-56.2%), from €1,798 to €787
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.
Derived cash bridge
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 | €75,972 | €97,035 | +€21,063 | +27.7% |
| Fixed assets | 21/28 | €32,242 | €23,954 | -€8,288 | -25.7% |
| Tangible fixed assets | 22/27 | €32,242 | €23,954 | -€8,288 | -25.7% |
| Furniture and vehicles | 24 | €32,242 | €23,954 | -€8,288 | -25.7% |
| Current assets | 29/58 | €43,730 | €73,081 | +€29,351 | +67.1% |
| Amounts receivable within one year | 40/41 | €2,002 | €12,892 | +€10,891 | +544% |
| Trade receivables | 40 | €303 | €7,796 | +€7,494 | +2,477% |
| Other amounts receivable | 41 | €1,699 | €5,096 | +€3,397 | +200% |
| Cash at bank and in hand | 54/58 | €41,218 | €59,677 | +€18,459 | +44.8% |
| Deferred charges and accrued income | 490/1 | €511 | €512 | +€1 | +0.2% |
| Total equity and liabilities | 10/49 | €75,972 | €97,035 | +€21,063 | +27.7% |
| Equity | 10/15 | €68,028 | €68,447 | +€419 | +0.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €58,028 | €58,447 | +€419 | +0.7% |
| Distributable reserves | 133 | €58,028 | €58,447 | +€419 | +0.7% |
| Amounts payable | 17/49 | €7,945 | €28,588 | +€20,644 | +260% |
| Amounts payable within one year | 42/48 | €7,945 | €28,588 | +€20,644 | +260% |
| Trade debts | 44 | €1,495 | €357 | -€1,137 | -76.1% |
| Suppliers | 440/4 | €1,495 | €357 | -€1,137 | -76.1% |
| Taxes, remuneration and social security | 45 | €5,650 | €2,231 | -€3,419 | -60.5% |
| Taxes | 450/3 | €5,650 | €2,231 | -€3,419 | -60.5% |
| Other amounts payable | 47/48 | €800 | €26,000 | +€25,200 | +3,150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €8,288 | +€7,379 | +812% |
| Other operating charges | 640/8 | €1,798 | €787 | -€1,011 | -56.2% |
| Non-recurring operating charges | 66A | €4,062 | - | -€4,062 | |
| Gross operating margin | 9900 | €44,915 | €43,577 | -€1,338 | -3.0% |
| Operating profit (loss) | 9901 | €38,147 | €34,502 | -€3,645 | -9.6% |
| Financial income | 75/76B | €647 | €357 | -€290 | -44.8% |
| Recurring financial income | 75 | €647 | €357 | -€290 | -44.8% |
| Financial charges | 65/66B | €47 | €36 | -€10 | -22.4% |
| Recurring financial charges | 65 | €47 | €36 | -€10 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €38,747 | €34,823 | -€3,924 | -10.1% |
| Income taxes | 67/77 | €11,358 | €8,403 | -€2,955 | -26.0% |
| Profit (loss) for the period | 9904 | €27,389 | €26,419 | -€970 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,389 | €26,419 | -€970 | -3.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.