GB MANAGEMENT AND DEVELOPMENT: 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 MANAGEMENT AND DEVELOPMENT
Largest movements
- Cash -€18,157
down €18,157 (-39.9%), from €45,548 to €27,391
mainly Tax, wage and social debts (-€21,080) and Investment in fixed assets (net) (-€5,824)
- Tangible fixed assets -€4,300
down €4,300 (-18.4%), from €23,429 to €19,129
- Receivables within one year +€3,327
up €3,327 (+350%), from €951 to €4,279
of which Trade receivables: +€2,062
- Tax, wage and social debts -€21,080
down €21,080 (-75.4%), from €27,961 to €6,881
of which Taxes: -€21,080
- Profit (loss) carried forward +€3,046
up €3,046 (+122%), from €2,505 to €5,551
- Trade debts -€1,169
down €1,169 (-51.6%), from €2,264 to €1,095
- Gross operating margin +€2,807
up €2,807 (+17.7%), from €15,826 to €18,632
- Taxes +€1,580
up €1,580 (+47.5%), from €3,325 to €4,905
- Depreciation +€686
up €686 (+7.3%), from €9,438 to €10,124
- Financial income +€380
up €380 (+563%), from €68 to €448
- Financial charges +€192
up €192 (+706%), from €27 to €219
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 | €72,768 | €53,565 | -€19,203 | -26.4% |
| Fixed assets | 21/28 | €23,769 | €19,469 | -€4,300 | -18.1% |
| Tangible fixed assets | 22/27 | €23,429 | €19,129 | -€4,300 | -18.4% |
| Furniture and vehicles | 24 | €23,429 | €19,129 | -€4,300 | -18.4% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €48,999 | €34,095 | -€14,904 | -30.4% |
| Amounts receivable within one year | 40/41 | €951 | €4,279 | +€3,327 | +350% |
| Trade receivables | 40 | €309 | €2,372 | +€2,062 | +667% |
| Other amounts receivable | 41 | €642 | €1,907 | +€1,265 | +197% |
| Cash at bank and in hand | 54/58 | €45,548 | €27,391 | -€18,157 | -39.9% |
| Deferred charges and accrued income | 490/1 | €2,499 | €2,426 | -€74 | -2.9% |
| Total equity and liabilities | 10/49 | €72,768 | €53,565 | -€19,203 | -26.4% |
| Equity | 10/15 | €42,543 | €45,589 | +€3,046 | +7.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,038 | €37,038 | = | 0.0% |
| Distributable reserves | 133 | €37,038 | €37,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,505 | €5,551 | +€3,046 | +122% |
| Amounts payable | 17/49 | €30,225 | €7,976 | -€22,249 | -73.6% |
| Amounts payable within one year | 42/48 | €30,225 | €7,976 | -€22,249 | -73.6% |
| Trade debts | 44 | €2,264 | €1,095 | -€1,169 | -51.6% |
| Suppliers | 440/4 | €2,264 | €1,095 | -€1,169 | -51.6% |
| Taxes, remuneration and social security | 45 | €27,961 | €6,881 | -€21,080 | -75.4% |
| Taxes | 450/3 | €25,774 | €4,694 | -€21,080 | -81.8% |
| Remuneration and social security | 454/9 | €2,188 | €2,188 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,438 | €10,124 | +€686 | +7.3% |
| Other operating charges | 640/8 | €599 | €787 | +€188 | +31.5% |
| Gross operating margin | 9900 | €15,826 | €18,632 | +€2,807 | +17.7% |
| Operating profit (loss) | 9901 | €5,789 | €7,722 | +€1,933 | +33.4% |
| Financial income | 75/76B | €68 | €448 | +€380 | +563% |
| Recurring financial income | 75 | €68 | €448 | +€380 | +563% |
| Financial charges | 65/66B | €27 | €219 | +€192 | +706% |
| Recurring financial charges | 65 | €27 | €219 | +€192 | +706% |
| Profit (loss) for the period before taxes | 9903 | €5,829 | €7,951 | +€2,121 | +36.4% |
| Income taxes | 67/77 | €3,325 | €4,905 | +€1,580 | +47.5% |
| Profit (loss) for the period | 9904 | €2,505 | €3,046 | +€541 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,505 | €3,046 | +€541 | +21.6% |
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 15 October 2026 via checked.be.