GB TRANS: 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 TRANS
Largest movements
- Tangible fixed assets +€161,086
up €161,086 (+94.0%), from €171,334 to €332,420
of which Leasing and similar rights: +€164,761
- Receivables within one year +€97,031
up €97,031 (+62.3%), from €155,652 to €252,684
- Cash +€34,229
up €34,229 (+88.5%), from €38,682 to €72,911
mainly Debts after one year (+€143,377) and Net result for the year (+€134,943)
- Debts after one year +€143,377
up €143,377 (+86.3%), from €166,128 to €309,506
- Profit (loss) carried forward +€64,943
up €64,943 (+82.3%), from €78,944 to €143,887
- Tax, wage and social debts +€49,045
up €49,045 (+128%), from €38,234 to €87,279
of which Taxes: +€44,242
- Trade debts +€38,678
new in 2025: €38,678
- Other debts -€9,744
no longer reported in 2025 (was €9,744)
- Gross operating margin +€261,591
up €261,591 (+165%), from €158,556 to €420,147
- Taxes +€46,757
up €46,757 (+9,151%), from €511 to €47,268
- Depreciation +€33,936
up €33,936 (+52.3%), from €64,938 to €98,874
- Staff costs +€25,584
up €25,584 (+26.5%), from €96,427 to €122,011
- Financial charges +€5,820
up €5,820 (+79.6%), from €7,309 to €13,129
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 | €390,139 | €685,620 | +€295,481 | +75.7% |
| Fixed assets | 21/28 | €195,804 | €357,225 | +€161,421 | +82.4% |
| Tangible fixed assets | 22/27 | €171,334 | €332,420 | +€161,086 | +94.0% |
| Furniture and vehicles | 24 | €194 | €1,511 | +€1,317 | +681% |
| Leasing and similar rights | 25 | €142,768 | €307,530 | +€164,761 | +115% |
| Other tangible fixed assets | 26 | €28,372 | €23,380 | -€4,992 | -17.6% |
| Financial fixed assets | 28 | €24,470 | €24,805 | +€335 | +1.4% |
| Current assets | 29/58 | €194,335 | €328,395 | +€134,060 | +69.0% |
| Amounts receivable within one year | 40/41 | €155,652 | €252,684 | +€97,031 | +62.3% |
| Trade receivables | 40 | €155,652 | €252,684 | +€97,031 | +62.3% |
| Cash at bank and in hand | 54/58 | €38,682 | €72,911 | +€34,229 | +88.5% |
| Deferred charges and accrued income | 490/1 | - | €2,800 | +€2,800 | |
| Total equity and liabilities | 10/49 | €390,139 | €685,620 | +€295,481 | +75.7% |
| Equity | 10/15 | €97,544 | €162,487 | +€64,943 | +66.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,944 | €143,887 | +€64,943 | +82.3% |
| Amounts payable | 17/49 | €292,595 | €523,133 | +€230,539 | +78.8% |
| Amounts payable after more than one year | 17 | €166,128 | €309,506 | +€143,377 | +86.3% |
| Financial debts | 170/4 | €166,128 | €309,506 | +€143,377 | +86.3% |
| Amounts payable within one year | 42/48 | €126,467 | €213,602 | +€87,135 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | €78,489 | €87,645 | +€9,156 | +11.7% |
| Trade debts | 44 | - | €38,678 | +€38,678 | |
| Suppliers | 440/4 | - | €38,678 | +€38,678 | |
| Taxes, remuneration and social security | 45 | €38,234 | €87,279 | +€49,045 | +128% |
| Taxes | 450/3 | €19,999 | €64,241 | +€44,242 | +221% |
| Remuneration and social security | 454/9 | €18,235 | €23,038 | +€4,803 | +26.3% |
| Other amounts payable | 47/48 | €9,744 | - | -€9,744 | |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Remuneration, social security and pensions | 62 | €96,427 | €122,011 | +€25,584 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,938 | €98,874 | +€33,936 | +52.3% |
| Other operating charges | 640/8 | €7,472 | €3,923 | -€3,550 | -47.5% |
| Gross operating margin | 9900 | €158,556 | €420,147 | +€261,591 | +165% |
| Operating profit (loss) | 9901 | -€10,282 | €195,339 | +€205,621 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +1,567% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +1,567% |
| Financial charges | 65/66B | €7,309 | €13,129 | +€5,820 | +79.6% |
| Recurring financial charges | 65 | €7,309 | €13,129 | +€5,820 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,591 | €182,210 | +€199,801 | |
| Income taxes | 67/77 | €511 | €47,268 | +€46,757 | +9,151% |
| Profit (loss) for the period | 9904 | -€18,102 | €134,943 | +€153,044 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,102 | €134,943 | +€153,044 |
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 13 October 2026 via checked.be.