GBCI: 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.
GBCI
Largest movements
- Tangible fixed assets -€122,169
down €122,169 (-4.9%), from €2.5m to €2.4m
of which Land and buildings: -€112,062
- Cash -€68,475
down €68,475 (-98.6%), from €69,434 to €959
mainly Net result for the year (-€123,026) and Debts after one year (-€48,296)
- Receivables within one year +€29,113
up €29,113 (+79.5%), from €36,603 to €65,717
of which Other amounts receivable: +€16,552
- Profit (loss) carried forward -€68,570
down €68,570 (-16.3%), from -€419,928 to -€488,498
- Reserves -€54,456
down €54,456 (-3.6%), from €1.5m to €1.5m
of which Tax-exempt reserves: -€54,456
- Debts after one year -€48,296
down €48,296 (-3.8%), from €1.3m to €1.2m
- Financial charges -€15,109
down €15,109 (-22.4%), from €67,308 to €52,199
- Financial income -€3,327
down €3,327 (-61.3%), from €5,428 to €2,101
- Other operating charges -€2,031
down €2,031 (-75.6%), from €2,685 to €654
- Depreciation +€1,740
up €1,740 (+1.4%), from €120,429 to €122,169
- Gross operating margin -€1,396
down €1,396 (-3.7%), from €37,992 to €36,596
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,713,085 | €2,551,126 | -€161,960 | -6.0% |
| Fixed assets | 21/28 | €2,504,642 | €2,382,474 | -€122,169 | -4.9% |
| Tangible fixed assets | 22/27 | €2,502,142 | €2,379,974 | -€122,169 | -4.9% |
| Land and buildings | 22 | €2,459,976 | €2,347,914 | -€112,062 | -4.6% |
| Furniture and vehicles | 24 | €42,166 | €32,060 | -€10,107 | -24.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €208,443 | €168,652 | -€39,791 | -19.1% |
| Amounts receivable within one year | 40/41 | €36,603 | €65,717 | +€29,113 | +79.5% |
| Trade receivables | 40 | €12,079 | €24,640 | +€12,562 | +104% |
| Other amounts receivable | 41 | €24,524 | €41,076 | +€16,552 | +67.5% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €69,434 | €959 | -€68,475 | -98.6% |
| Deferred charges and accrued income | 490/1 | €2,406 | €1,976 | -€429 | -17.8% |
| Total equity and liabilities | 10/49 | €2,713,085 | €2,551,126 | -€161,960 | -6.0% |
| Equity | 10/15 | €1,127,690 | €1,004,664 | -€123,026 | -10.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,516,631 | €1,462,175 | -€54,456 | -3.6% |
| Tax-exempt reserves | 132 | €1,028,567 | €974,111 | -€54,456 | -5.3% |
| Distributable reserves | 133 | €488,063 | €488,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€419,928 | -€488,498 | -€68,570 | -16.3% |
| Provisions and deferred taxes | 16 | €257,063 | €243,449 | -€13,614 | -5.3% |
| Deferred taxes | 168 | €257,063 | €243,449 | -€13,614 | -5.3% |
| Amounts payable | 17/49 | €1,328,333 | €1,303,013 | -€25,320 | -1.9% |
| Amounts payable after more than one year | 17 | €1,266,344 | €1,218,048 | -€48,296 | -3.8% |
| Financial debts | 170/4 | €1,266,344 | €1,218,048 | -€48,296 | -3.8% |
| Amounts payable within one year | 42/48 | €61,989 | €76,767 | +€14,778 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €46,394 | €48,296 | +€1,902 | +4.1% |
| Trade debts | 44 | €4,740 | €15,283 | +€10,542 | +222% |
| Suppliers | 440/4 | €4,740 | €15,283 | +€10,542 | +222% |
| Advances received on contracts in progress | 46 | €8,564 | €10,835 | +€2,271 | +26.5% |
| Taxes, remuneration and social security | 45 | €2,291 | €2,354 | +€62 | +2.7% |
| Taxes | 450/3 | €2,291 | €2,354 | +€62 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €8,199 | +€8,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,429 | €122,169 | +€1,740 | +1.4% |
| Other operating charges | 640/8 | €2,685 | €654 | -€2,031 | -75.6% |
| Gross operating margin | 9900 | €37,992 | €36,596 | -€1,396 | -3.7% |
| Operating profit (loss) | 9901 | -€85,122 | -€86,227 | -€1,105 | -1.3% |
| Financial income | 75/76B | €5,428 | €2,101 | -€3,327 | -61.3% |
| Recurring financial income | 75 | €5,428 | €2,101 | -€3,327 | -61.3% |
| Financial charges | 65/66B | €67,308 | €52,199 | -€15,109 | -22.4% |
| Recurring financial charges | 65 | €67,308 | €52,199 | -€15,109 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | -€147,002 | -€136,325 | +€10,677 | +7.3% |
| Transfer from deferred taxes | 780 | €13,614 | €13,614 | = | 0.0% |
| Income taxes | 67/77 | €240 | €315 | +€75 | +31.1% |
| Profit (loss) for the period | 9904 | -€133,628 | -€123,026 | +€10,602 | +7.9% |
| Transfer from tax-exempt reserves | 789 | €54,456 | €54,456 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,172 | -€68,570 | +€10,602 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.