GBBX: 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.
GBBX
Largest movements
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Intangible fixed assets +€69,021
up €69,021 (+41.2%), from €167,702 to €236,723
- Tangible fixed assets -€22,490
down €22,490 (-5.4%), from €418,169 to €395,679
of which Land and buildings: -€21,845
- Receivables within one year -€13,880
down €13,880 (-47.0%), from €29,557 to €15,676
of which Trade receivables: -€7,880
- Other debts +€272,140
up €272,140 (+272.1%), from €100,000 to €372,140
- Reserves -€211,719
down €211,719 (-45.3%), from €467,527 to €255,808
of which Distributable reserves: -€211,719
- Debts after one year -€187,500
down €187,500 (-77.8%), from €241,048 to €53,548
of which Financial debts: -€187,500
- Current portion of long-term debt -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Trade debts +€46,451
up €46,451 (+116.2%), from €39,978 to €86,429
- Gross operating margin +€74,636
up €74,636 (+20.2%), from €369,223 to €443,859
- Depreciation +€23,596
up €23,596 (+43.9%), from €53,738 to €77,333
- Taxes +€9,594
up €9,594 (+12.6%), from €76,146 to €85,740
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 | €939,456 | €813,658 | -€125,798 | -13.4% |
| Fixed assets | 21/28 | €585,871 | €632,403 | +€46,532 | +7.9% |
| Intangible fixed assets | 21 | €167,702 | €236,723 | +€69,021 | +41.2% |
| Tangible fixed assets | 22/27 | €418,169 | €395,679 | -€22,490 | -5.4% |
| Land and buildings | 22 | €408,931 | €387,086 | -€21,845 | -5.3% |
| Furniture and vehicles | 24 | €1,238 | €593 | -€645 | -52.1% |
| Other tangible fixed assets | 26 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €353,585 | €181,255 | -€172,330 | -48.7% |
| Amounts receivable within one year | 40/41 | €29,557 | €15,676 | -€13,880 | -47.0% |
| Trade receivables | 40 | €13,557 | €5,676 | -€7,880 | -58.1% |
| Other amounts receivable | 41 | €16,000 | €10,000 | -€6,000 | -37.5% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €173,869 | €165,388 | -€8,481 | -4.9% |
| Deferred charges and accrued income | 490/1 | €159 | €191 | +€32 | +20.2% |
| Total equity and liabilities | 10/49 | €939,456 | €813,658 | -€125,798 | -13.4% |
| Equity | 10/15 | €487,527 | €275,808 | -€211,719 | -43.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €467,527 | €255,808 | -€211,719 | -45.3% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €425,427 | €213,708 | -€211,719 | -49.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €451,929 | €537,850 | +€85,921 | +19.0% |
| Amounts payable after more than one year | 17 | €241,048 | €53,548 | -€187,500 | -77.8% |
| Financial debts | 170/4 | €187,500 | €0 | -€187,500 | -100.0% |
| Other amounts payable | 178/9 | €53,548 | €53,548 | = | 0.0% |
| Amounts payable within one year | 42/48 | €205,131 | €474,868 | +€269,737 | +131.5% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | €39,978 | €86,429 | +€46,451 | +116.2% |
| Suppliers | 440/4 | €39,978 | €86,429 | +€46,451 | +116.2% |
| Taxes, remuneration and social security | 45 | €15,153 | €16,299 | +€1,146 | +7.6% |
| Taxes | 450/3 | €15,153 | €16,299 | +€1,146 | +7.6% |
| Other amounts payable | 47/48 | €100,000 | €372,140 | +€272,140 | +272.1% |
| Accrued charges and deferred income | 492/3 | €5,750 | €9,434 | +€3,683 | +64.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,738 | €77,333 | +€23,596 | +43.9% |
| Other operating charges | 640/8 | €4,887 | €4,680 | -€207 | -4.2% |
| Gross operating margin | 9900 | €369,223 | €443,859 | +€74,636 | +20.2% |
| Operating profit (loss) | 9901 | €310,598 | €361,845 | +€51,247 | +16.5% |
| Financial income | 75/76B | €6,464 | €4,042 | -€2,423 | -37.5% |
| Recurring financial income | 75 | €6,464 | €4,042 | -€2,423 | -37.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,196 | €9,184 | +€2,988 | +48.2% |
| Recurring financial charges | 65 | €6,196 | €9,184 | +€2,988 | +48.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €310,866 | €356,702 | +€45,836 | +14.7% |
| Income taxes | 67/77 | €76,146 | €85,740 | +€9,594 | +12.6% |
| Profit (loss) for the period | 9904 | €234,720 | €270,962 | +€36,242 | +15.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €234,720 | €270,962 | +€36,242 | +15.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.