GBO Accounting: 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.
GBO Accounting
Largest movements
- Receivables within one year +€89,464
up €89,464 (+177%), from €50,683 to €140,147
of which Other amounts receivable: +€89,848
- Cash +€61,290
up €61,290 (+229%), from €26,706 to €87,995
mainly Net result for the year (+€89,508) and Current investments (+€22,700)
- Current investments -€22,700
no longer reported in 2025 (was €22,700)
- Receivables after one year -€12,150
down €12,150 (-47.1%), from €25,773 to €13,623
- Reserves +€89,508
up €89,508 (+116%), from €76,961 to €166,469
of which Distributable reserves: +€74,773
- Tax, wage and social debts +€22,430
up €22,430 (+80.1%), from €28,007 to €50,437
- Gross operating margin +€13,041
up €13,041 (+13.3%), from €98,406 to €111,447
- Financial income +€5,024
up €5,024 (+290%), from €1,733 to €6,757
- Taxes +€4,692
up €4,692 (+22.7%), from €20,658 to €25,350
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 | €134,579 | €248,370 | +€113,791 | +84.6% |
| Fixed assets | 21/28 | €3,643 | €1,976 | -€1,667 | -45.8% |
| Tangible fixed assets | 22/27 | €3,643 | €1,976 | -€1,667 | -45.8% |
| Furniture and vehicles | 24 | €3,643 | €1,976 | -€1,667 | -45.8% |
| Current assets | 29/58 | €130,936 | €246,394 | +€115,458 | +88.2% |
| Amounts receivable after more than one year | 29 | €25,773 | €13,623 | -€12,150 | -47.1% |
| Other amounts receivable | 291 | €25,773 | €13,623 | -€12,150 | -47.1% |
| Amounts receivable within one year | 40/41 | €50,683 | €140,147 | +€89,464 | +177% |
| Trade receivables | 40 | €21,923 | €21,540 | -€384 | -1.7% |
| Other amounts receivable | 41 | €28,760 | €118,608 | +€89,848 | +312% |
| Current investments | 50/53 | €22,700 | - | -€22,700 | |
| Cash at bank and in hand | 54/58 | €26,706 | €87,995 | +€61,290 | +229% |
| Deferred charges and accrued income | 490/1 | €5,073 | €4,628 | -€446 | -8.8% |
| Total equity and liabilities | 10/49 | €134,579 | €248,370 | +€113,791 | +84.6% |
| Equity | 10/15 | €80,961 | €170,469 | +€89,508 | +111% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €76,961 | €166,469 | +€89,508 | +116% |
| Tax-exempt reserves | 132 | - | €14,735 | +€14,735 | |
| Distributable reserves | 133 | €76,961 | €151,734 | +€74,773 | +97.2% |
| Amounts payable | 17/49 | €53,618 | €77,901 | +€24,283 | +45.3% |
| Amounts payable within one year | 42/48 | €45,523 | €68,917 | +€23,393 | +51.4% |
| Trade debts | 44 | €793 | €1,820 | +€1,026 | +129% |
| Suppliers | 440/4 | €793 | €1,820 | +€1,026 | +129% |
| Taxes, remuneration and social security | 45 | €28,007 | €50,437 | +€22,430 | +80.1% |
| Taxes | 450/3 | €28,007 | €50,437 | +€22,430 | +80.1% |
| Other amounts payable | 47/48 | €16,723 | €16,660 | -€63 | -0.4% |
| Accrued charges and deferred income | 492/3 | €8,094 | €8,984 | +€890 | +11.0% |
| Non-recurring operating income | 76A | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,772 | €1,452 | -€320 | -18.1% |
| Other operating charges | 640/8 | €591 | €775 | +€184 | +31.1% |
| Gross operating margin | 9900 | €98,406 | €111,447 | +€13,041 | +13.3% |
| Operating profit (loss) | 9901 | €96,044 | €109,221 | +€13,177 | +13.7% |
| Financial income | 75/76B | €1,733 | €6,757 | +€5,024 | +290% |
| Recurring financial income | 75 | €1,733 | €6,757 | +€5,024 | +290% |
| Financial charges | 65/66B | €158 | €1,120 | +€962 | +609% |
| Recurring financial charges | 65 | €158 | €1,120 | +€962 | +609% |
| Profit (loss) for the period before taxes | 9903 | €97,619 | €114,858 | +€17,239 | +17.7% |
| Income taxes | 67/77 | €20,658 | €25,350 | +€4,692 | +22.7% |
| Profit (loss) for the period | 9904 | €76,961 | €89,508 | +€12,547 | +16.3% |
| Transfer to tax-exempt reserves | 689 | - | €14,735 | +€14,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,961 | €74,773 | -€2,188 | -2.8% |
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 23 October 2026 via checked.be.