GBO BOUW: 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 BOUW
Largest movements
- Receivables within one year +€14,811
up €14,811 (+129%), from €11,497 to €26,308
of which Trade receivables: +€20,464
- Tangible fixed assets -€2,672
down €2,672 (-35.2%), from €7,592 to €4,920
- Cash +€1,190
up €1,190 (+151%), from €789 to €1,979
mainly Other debts (+€25,125) and Tax, wage and social debts (+€10,843)
- Other debts +€25,125
new in 2025: €25,125
- Profit (loss) carried forward -€22,505
new in 2025: -€22,505
- Tax, wage and social debts +€10,843
up €10,843 (+114%), from €9,481 to €20,324
of which Remuneration and social security: +€11,088
- Staff costs +€61,935
up €61,935 (+433%), from €14,305 to €76,241
- Gross operating margin +€34,868
up €34,868 (+157%), from €22,147 to €57,015
- Depreciation +€2,248
up €2,248 (+529%), from €425 to €2,672
- Taxes -€1,810
no longer reported in 2025 (was €1,810)
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 | €19,877 | €33,207 | +€13,329 | +67.1% |
| Fixed assets | 21/28 | €7,592 | €4,920 | -€2,672 | -35.2% |
| Tangible fixed assets | 22/27 | €7,592 | €4,920 | -€2,672 | -35.2% |
| Furniture and vehicles | 24 | €7,592 | €4,920 | -€2,672 | -35.2% |
| Current assets | 29/58 | €12,285 | €28,287 | +€16,001 | +130% |
| Amounts receivable within one year | 40/41 | €11,497 | €26,308 | +€14,811 | +129% |
| Trade receivables | 40 | €5,844 | €26,308 | +€20,464 | +350% |
| Other amounts receivable | 41 | €5,652 | - | -€5,652 | |
| Cash at bank and in hand | 54/58 | €789 | €1,979 | +€1,190 | +151% |
| Total equity and liabilities | 10/49 | €19,877 | €33,207 | +€13,329 | +67.1% |
| Equity | 10/15 | €9,826 | -€12,689 | -€22,516 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,826 | €4,816 | -€11 | -0.2% |
| Distributable reserves | 133 | €4,826 | €4,816 | -€11 | -0.2% |
| Profit (loss) carried forward | 14 | - | -€22,505 | -€22,505 | |
| Amounts payable | 17/49 | €10,051 | €45,896 | +€35,845 | +357% |
| Amounts payable within one year | 42/48 | €10,051 | €45,896 | +€35,845 | +357% |
| Trade debts | 44 | €570 | €447 | -€123 | -21.6% |
| Suppliers | 440/4 | €570 | €447 | -€123 | -21.6% |
| Taxes, remuneration and social security | 45 | €9,481 | €20,324 | +€10,843 | +114% |
| Taxes | 450/3 | €2,743 | €2,498 | -€245 | -8.9% |
| Remuneration and social security | 454/9 | €6,738 | €17,826 | +€11,088 | +165% |
| Other amounts payable | 47/48 | - | €25,125 | +€25,125 | |
| Remuneration, social security and pensions | 62 | €14,305 | €76,241 | +€61,935 | +433% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425 | €2,672 | +€2,248 | +529% |
| Other operating charges | 640/8 | €778 | €520 | -€258 | -33.2% |
| Gross operating margin | 9900 | €22,147 | €57,015 | +€34,868 | +157% |
| Operating profit (loss) | 9901 | €6,639 | -€22,418 | -€29,057 | |
| Financial income | 75/76B | €74 | €0 | -€74 | -99.7% |
| Recurring financial income | 75 | €74 | €0 | -€74 | -99.7% |
| Financial charges | 65/66B | €77 | €87 | +€10 | +13.4% |
| Recurring financial charges | 65 | €77 | €87 | +€10 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €6,636 | -€22,505 | -€29,141 | |
| Income taxes | 67/77 | €1,810 | - | -€1,810 | |
| Profit (loss) for the period | 9904 | €4,826 | -€22,505 | -€27,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,826 | -€22,505 | -€27,332 |
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 25 October 2026 via checked.be.