GBM 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.
GBM Services
Largest movements
- Current investments +€22,000
up €22,000 (+38.6%), from €57,000 to €79,000
- Tangible fixed assets -€8,457
down €8,457 (-40.7%), from €20,782 to €12,326
- Cash +€4,192
up €4,192 (+14.7%), from €28,482 to €32,674
mainly Net result for the year (+€23,673) and Depreciation (+€8,457)
- Reserves +€23,000
up €23,000 (+29.1%), from €79,000 to €102,000
- Other debts -€6,128
down €6,128 (-32.3%), from €18,976 to €12,848
- Financial income +€1,269
up €1,269 (+81.3%), from €1,560 to €2,829
- Financial charges -€822
down €822 (-43.0%), from €1,913 to €1,091
- Taxes +€611
up €611 (+6.9%), from €8,915 to €9,526
- Gross operating margin -€555
down €555 (-1.3%), from €41,132 to €40,578
- Depreciation -€442
down €442 (-5.0%), from €8,899 to €8,457
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 | €120,057 | €137,605 | +€17,548 | +14.6% |
| Fixed assets | 21/28 | €20,782 | €12,326 | -€8,457 | -40.7% |
| Tangible fixed assets | 22/27 | €20,782 | €12,326 | -€8,457 | -40.7% |
| Furniture and vehicles | 24 | €20,782 | €12,326 | -€8,457 | -40.7% |
| Current assets | 29/58 | €99,275 | €125,279 | +€26,004 | +26.2% |
| Amounts receivable within one year | 40/41 | €13,793 | €13,605 | -€188 | -1.4% |
| Trade receivables | 40 | €12,240 | €12,632 | +€392 | +3.2% |
| Other amounts receivable | 41 | €1,553 | €973 | -€579 | -37.3% |
| Current investments | 50/53 | €57,000 | €79,000 | +€22,000 | +38.6% |
| Cash at bank and in hand | 54/58 | €28,482 | €32,674 | +€4,192 | +14.7% |
| Total equity and liabilities | 10/49 | €120,057 | €137,605 | +€17,548 | +14.6% |
| Equity | 10/15 | €91,643 | €115,315 | +€23,673 | +25.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €79,000 | €102,000 | +€23,000 | +29.1% |
| Distributable reserves | 133 | €79,000 | €102,000 | +€23,000 | +29.1% |
| Profit (loss) carried forward | 14 | €7,643 | €8,315 | +€673 | +8.8% |
| Amounts payable | 17/49 | €28,415 | €22,290 | -€6,125 | -21.6% |
| Amounts payable within one year | 42/48 | €28,415 | €22,290 | -€6,125 | -21.6% |
| Trade debts | 44 | €602 | €614 | +€12 | +2.0% |
| Suppliers | 440/4 | €602 | €614 | +€12 | +2.0% |
| Taxes, remuneration and social security | 45 | €8,837 | €8,828 | -€9 | -0.1% |
| Taxes | 450/3 | €8,837 | €8,828 | -€9 | -0.1% |
| Other amounts payable | 47/48 | €18,976 | €12,848 | -€6,128 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,899 | €8,457 | -€442 | -5.0% |
| Other operating charges | 640/8 | €232 | €661 | +€429 | +185.4% |
| Gross operating margin | 9900 | €41,132 | €40,578 | -€555 | -1.3% |
| Operating profit (loss) | 9901 | €32,002 | €31,460 | -€542 | -1.7% |
| Financial income | 75/76B | €1,560 | €2,829 | +€1,269 | +81.3% |
| Recurring financial income | 75 | €1,560 | €2,829 | +€1,269 | +81.3% |
| Financial charges | 65/66B | €1,913 | €1,091 | -€822 | -43.0% |
| Recurring financial charges | 65 | €1,913 | €1,091 | -€822 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €31,649 | €33,198 | +€1,549 | +4.9% |
| Income taxes | 67/77 | €8,915 | €9,526 | +€611 | +6.9% |
| Profit (loss) for the period | 9904 | €22,734 | €23,673 | +€938 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,734 | €23,673 | +€938 | +4.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.