GBE Company: 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.
GBE Company
Largest movements
- Receivables within one year +€21,980
up €21,980 (+47.3%), from €46,491 to €68,471
of which Other amounts receivable: +€15,667
- Cash +€3,687
up €3,687 (+24.8%), from €14,861 to €18,548
mainly Other debts (+€40,000) and Net result for the year (+€22,652)
- Intangible fixed assets -€3,340
down €3,340 (-23.0%), from €14,535 to €11,195
- Tangible fixed assets -€1,517
down €1,517 (-4.9%), from €30,871 to €29,354
of which Other tangible fixed assets: -€958
- Other debts +€40,000
new in 2025: €40,000
- Reserves -€15,000
down €15,000 (-75.0%), from €20,000 to €5,000
- Debts after one year -€9,390
down €9,390 (-26.3%), from €35,639 to €26,249
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Tax, wage and social debts +€3,958
up €3,958 (+29.4%), from €13,477 to €17,435
- Gross operating margin +€58,543
up €58,543, from -€10,046 to €48,497
- Taxes +€6,864
up €6,864 (+3,939%), from €174 to €7,038
- Other operating charges -€2,056
down €2,056 (-32.4%), from €6,355 to €4,299
- Depreciation +€1,136
up €1,136 (+9.9%), from €11,444 to €12,580
- Financial income +€729
up €729 (+35.1%), from €2,073 to €2,802
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 | €107,585 | €127,817 | +€20,232 | +18.8% |
| Fixed assets | 21/28 | €45,656 | €40,798 | -€4,857 | -10.6% |
| Intangible fixed assets | 21 | €14,535 | €11,195 | -€3,340 | -23.0% |
| Tangible fixed assets | 22/27 | €30,871 | €29,354 | -€1,517 | -4.9% |
| Plant, machinery and equipment | 23 | €1,625 | €1,247 | -€379 | -23.3% |
| Furniture and vehicles | 24 | €2,468 | €2,287 | -€180 | -7.3% |
| Other tangible fixed assets | 26 | €26,778 | €25,819 | -€958 | -3.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €61,930 | €87,019 | +€25,089 | +40.5% |
| Amounts receivable within one year | 40/41 | €46,491 | €68,471 | +€21,980 | +47.3% |
| Trade receivables | 40 | €883 | €7,196 | +€6,313 | +715% |
| Other amounts receivable | 41 | €45,608 | €61,275 | +€15,667 | +34.4% |
| Cash at bank and in hand | 54/58 | €14,861 | €18,548 | +€3,687 | +24.8% |
| Deferred charges and accrued income | 490/1 | €577 | - | -€577 | |
| Total equity and liabilities | 10/49 | €107,585 | €127,817 | +€20,232 | +18.8% |
| Equity | 10/15 | €35,009 | €23,861 | -€11,148 | -31.8% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €20,000 | €5,000 | -€15,000 | -75.0% |
| Distributable reserves | 133 | €20,000 | €5,000 | -€15,000 | -75.0% |
| Profit (loss) carried forward | 14 | €2,609 | €261 | -€2,348 | -90.0% |
| Amounts payable | 17/49 | €72,576 | €103,956 | +€31,380 | +43.2% |
| Amounts payable after more than one year | 17 | €35,639 | €26,249 | -€9,390 | -26.3% |
| Financial debts | 170/4 | €35,639 | €26,249 | -€9,390 | -26.3% |
| Amounts payable within one year | 42/48 | €33,771 | €77,707 | +€43,936 | +130% |
| Current portion of amounts payable after more than one year | 42 | €9,074 | €9,390 | +€316 | +3.5% |
| Trade debts | 44 | €11,220 | €10,882 | -€338 | -3.0% |
| Suppliers | 440/4 | €11,220 | €10,882 | -€338 | -3.0% |
| Taxes, remuneration and social security | 45 | €13,477 | €17,435 | +€3,958 | +29.4% |
| Taxes | 450/3 | €13,477 | €17,435 | +€3,958 | +29.4% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €3,166 | - | -€3,166 | |
| Remuneration, social security and pensions | 62 | €263 | - | -€263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,444 | €12,580 | +€1,136 | +9.9% |
| Other operating charges | 640/8 | €6,355 | €4,299 | -€2,056 | -32.4% |
| Gross operating margin | 9900 | -€10,046 | €48,497 | +€58,543 | |
| Operating profit (loss) | 9901 | -€28,108 | €31,618 | +€59,726 | |
| Financial income | 75/76B | €2,073 | €2,802 | +€729 | +35.1% |
| Recurring financial income | 75 | €2,073 | €2,802 | +€729 | +35.1% |
| Financial charges | 65/66B | €4,299 | €4,729 | +€431 | +10.0% |
| Recurring financial charges | 65 | €4,299 | €4,729 | +€431 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,334 | €29,690 | +€60,024 | |
| Income taxes | 67/77 | €174 | €7,038 | +€6,864 | +3,939% |
| Profit (loss) for the period | 9904 | -€30,509 | €22,652 | +€53,160 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,509 | €22,652 | +€53,160 |
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 26 October 2026 via checked.be.