GBC SERVICES: 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.
GBC SERVICES
Largest movements
- Cash -€15,176
down €15,176 (-30.8%), from €49,219 to €34,043
mainly Investment in fixed assets (net) (-€15,487) and Debts after one year (-€9,300)
- Deferred charges and accrued income +€5,176
new in 2025: €5,176
- Receivables within one year +€3,516
new in 2025: €3,516
- Debts after one year -€9,300
down €9,300 (-59.8%), from €15,552 to €6,252
- Other debts +€3,153
up €3,153 (+3.4%), from €91,618 to €94,770
- Depreciation +€11,715
up €11,715 (+406%), from €2,884 to €14,599
- Financial charges -€6,592
down €6,592 (-93.3%), from €7,062 to €470
- Financial income +€6,495
up €6,495 (+405,913%), from €2 to €6,496
- Gross operating margin -€4,878
down €4,878 (-29.4%), from €16,588 to €11,710
- Taxes -€703
down €703 (-80.2%), from €876 to €173
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 | €304,980 | €299,383 | -€5,596 | -1.8% |
| Fixed assets | 21/28 | €255,761 | €256,648 | +€887 | +0.3% |
| Intangible fixed assets | 21 | €14,000 | €14,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €241,761 | €242,648 | +€887 | +0.4% |
| Land and buildings | 22 | €215,036 | €206,555 | -€8,481 | -3.9% |
| Furniture and vehicles | 24 | €2,465 | €1,563 | -€902 | -36.6% |
| Leasing and similar rights | 25 | €2,658 | €2,233 | -€426 | -16.0% |
| Other tangible fixed assets | 26 | €21,601 | €32,297 | +€10,696 | +49.5% |
| Current assets | 29/58 | €49,219 | €42,735 | -€6,484 | -13.2% |
| Amounts receivable within one year | 40/41 | - | €3,516 | +€3,516 | |
| Trade receivables | 40 | - | €3,516 | +€3,516 | |
| Cash at bank and in hand | 54/58 | €49,219 | €34,043 | -€15,176 | -30.8% |
| Deferred charges and accrued income | 490/1 | - | €5,176 | +€5,176 | |
| Total equity and liabilities | 10/49 | €304,980 | €299,383 | -€5,596 | -1.8% |
| Equity | 10/15 | €146,000 | €145,744 | -€257 | -0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €42,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,000 | €83,744 | -€257 | -0.3% |
| Provisions and deferred taxes | 16 | €39,535 | €39,535 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €39,535 | €39,535 | = | 0.0% |
| Pensions and similar obligations | 160 | €39,535 | €39,535 | = | 0.0% |
| Amounts payable | 17/49 | €119,444 | €114,105 | -€5,340 | -4.5% |
| Amounts payable after more than one year | 17 | €15,552 | €6,252 | -€9,300 | -59.8% |
| Financial debts | 170/4 | €15,552 | €6,252 | -€9,300 | -59.8% |
| Amounts payable within one year | 42/48 | €103,892 | €107,853 | +€3,960 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €9,208 | €9,300 | +€92 | +1.0% |
| Trade debts | 44 | €241 | €2,332 | +€2,091 | +867% |
| Suppliers | 440/4 | €241 | €2,332 | +€2,091 | +867% |
| Advances received on contracts in progress | 46 | - | €1,450 | +€1,450 | |
| Taxes, remuneration and social security | 45 | €2,825 | - | -€2,825 | |
| Taxes | 450/3 | €2,825 | - | -€2,825 | |
| Other amounts payable | 47/48 | €91,618 | €94,770 | +€3,153 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,884 | €14,599 | +€11,715 | +406% |
| Other operating charges | 640/8 | €3,428 | €3,220 | -€208 | -6.1% |
| Gross operating margin | 9900 | €16,588 | €11,710 | -€4,878 | -29.4% |
| Operating profit (loss) | 9901 | €10,276 | -€6,109 | -€16,385 | |
| Financial income | 75/76B | €2 | €6,496 | +€6,495 | +405,913% |
| Recurring financial income | 75 | €2 | €6,496 | +€6,495 | +405,913% |
| Financial charges | 65/66B | €7,062 | €470 | -€6,592 | -93.3% |
| Recurring financial charges | 65 | €7,062 | €470 | -€6,592 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €3,216 | -€83 | -€3,299 | |
| Income taxes | 67/77 | €876 | €173 | -€703 | -80.2% |
| Profit (loss) for the period | 9904 | €2,340 | -€257 | -€2,596 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,340 | -€257 | -€2,596 |
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.