GBC-Technics: 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-Technics
Largest movements
- Cash +€45,521
up €45,521 (+25.8%), from €176,168 to €221,689
mainly Other debts (+€82,284) and Net result for the year (+€34,759)
- Receivables within one year -€10,242
down €10,242 (-19.7%), from €52,009 to €41,767
of which Trade receivables: -€12,072
- Other debts +€82,284
up €82,284 (+335%), from €24,598 to €106,882
- Reserves -€62,951
down €62,951 (-27.8%), from €226,656 to €163,706
- Tax, wage and social debts +€14,717
up €14,717 (+267%), from €5,521 to €20,239
of which Taxes: +€14,657
- Current portion of long-term debt +€4,405
up €4,405 (+43.2%), from €10,188 to €14,593
- Depreciation +€4,718
up €4,718 (+18.2%), from €25,890 to €30,609
- Taxes -€2,915
down €2,915 (-24.0%), from €12,129 to €9,214
- Staff costs +€2,066
up €2,066 (+4.6%), from €44,734 to €46,800
- Gross operating margin -€1,440
down €1,440 (-1.2%), from €124,064 to €122,624
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 | €325,393 | €364,819 | +€39,426 | +12.1% |
| Fixed assets | 21/28 | €68,334 | €70,423 | +€2,090 | +3.1% |
| Intangible fixed assets | 21 | €1,136 | €583 | -€553 | -48.7% |
| Tangible fixed assets | 22/27 | €67,197 | €69,840 | +€2,643 | +3.9% |
| Plant, machinery and equipment | 23 | €5,242 | €2,499 | -€2,743 | -52.3% |
| Furniture and vehicles | 24 | €53,495 | €57,667 | +€4,172 | +7.8% |
| Other tangible fixed assets | 26 | €8,460 | €9,674 | +€1,214 | +14.4% |
| Current assets | 29/58 | €257,060 | €294,396 | +€37,336 | +14.5% |
| Stocks and contracts in progress | 3 | €28,000 | €30,000 | +€2,000 | +7.1% |
| Stocks | 30/36 | €25,500 | €27,500 | +€2,000 | +7.8% |
| Contracts in progress | 37 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,009 | €41,767 | -€10,242 | -19.7% |
| Trade receivables | 40 | €39,567 | €27,495 | -€12,072 | -30.5% |
| Other amounts receivable | 41 | €12,442 | €14,273 | +€1,830 | +14.7% |
| Cash at bank and in hand | 54/58 | €176,168 | €221,689 | +€45,521 | +25.8% |
| Deferred charges and accrued income | 490/1 | €883 | €940 | +€57 | +6.5% |
| Total equity and liabilities | 10/49 | €325,393 | €364,819 | +€39,426 | +12.1% |
| Equity | 10/15 | €236,656 | €173,706 | -€62,951 | -26.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €226,656 | €163,706 | -€62,951 | -27.8% |
| Distributable reserves | 133 | €226,656 | €163,706 | -€62,951 | -27.8% |
| Amounts payable | 17/49 | €88,737 | €191,113 | +€102,377 | +115% |
| Amounts payable after more than one year | 17 | €22,648 | €23,504 | +€856 | +3.8% |
| Financial debts | 170/4 | €22,648 | €23,504 | +€856 | +3.8% |
| Amounts payable within one year | 42/48 | €66,089 | €167,610 | +€101,520 | +154% |
| Current portion of amounts payable after more than one year | 42 | €10,188 | €14,593 | +€4,405 | +43.2% |
| Trade debts | 44 | €25,781 | €25,896 | +€114 | +0.4% |
| Suppliers | 440/4 | €25,781 | €25,896 | +€114 | +0.4% |
| Taxes, remuneration and social security | 45 | €5,521 | €20,239 | +€14,717 | +267% |
| Taxes | 450/3 | - | €14,657 | +€14,657 | |
| Remuneration and social security | 454/9 | €5,521 | €5,582 | +€61 | +1.1% |
| Other amounts payable | 47/48 | €24,598 | €106,882 | +€82,284 | +335% |
| Remuneration, social security and pensions | 62 | €44,734 | €46,800 | +€2,066 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,890 | €30,609 | +€4,718 | +18.2% |
| Other operating charges | 640/8 | €939 | €918 | -€20 | -2.2% |
| Gross operating margin | 9900 | €124,064 | €122,624 | -€1,440 | -1.2% |
| Operating profit (loss) | 9901 | €52,502 | €44,297 | -€8,204 | -15.6% |
| Financial income | 75/76B | €1,307 | €1,157 | -€150 | -11.5% |
| Recurring financial income | 75 | €1,307 | €1,157 | -€150 | -11.5% |
| Financial charges | 65/66B | €1,114 | €1,481 | +€367 | +33.0% |
| Recurring financial charges | 65 | €1,114 | €1,481 | +€367 | +33.0% |
| Profit (loss) for the period before taxes | 9903 | €52,695 | €43,973 | -€8,722 | -16.6% |
| Income taxes | 67/77 | €12,129 | €9,214 | -€2,915 | -24.0% |
| Profit (loss) for the period | 9904 | €40,566 | €34,759 | -€5,807 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,566 | €34,759 | -€5,807 | -14.3% |
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 19 October 2026 via checked.be.