GBON: 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.
GBON
Largest movements
- Cash +€45,470
up €45,470 (+104.7%), from €43,413 to €88,883
mainly Net result for the year (+€142,543) and Trade debts (+€75,457)
- Tangible fixed assets -€36,037
down €36,037 (-18.0%), from €200,173 to €164,136
- Trade debts +€75,457
up €75,457 (+61.3%), from €123,110 to €198,567
- Profit (loss) carried forward -€57,457
down €57,457 (-88.0%), from €65,285 to €7,828
- Advances received -€19,089
down €19,089 (-100.0%), from €19,089 to €0
- Tax, wage and social debts +€9,951
up €9,951 (+32.1%), from €31,037 to €40,987
of which Remuneration and social security: +€12,581
- Gross operating margin +€104,676
up €104,676 (+22.9%), from €457,436 to €562,112
- Staff costs +€99,851
up €99,851 (+49.5%), from €201,844 to €301,695
- Depreciation +€18,053
up €18,053 (+42.7%), from €42,329 to €60,382
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.
Cash bridge derived
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 | €621,355 | €630,892 | +€9,537 | +1.5% |
| Fixed assets | 21/28 | €200,173 | €164,136 | -€36,037 | -18.0% |
| Tangible fixed assets | 22/27 | €200,173 | €164,136 | -€36,037 | -18.0% |
| Plant, machinery and equipment | 23 | €122,293 | €104,914 | -€17,380 | -14.2% |
| Furniture and vehicles | 24 | €4,453 | €1,225 | -€3,228 | -72.5% |
| Other tangible fixed assets | 26 | €73,427 | €57,998 | -€15,429 | -21.0% |
| Current assets | 29/58 | €421,182 | €466,756 | +€45,574 | +10.8% |
| Stocks and contracts in progress | 3 | €280,253 | €278,119 | -€2,134 | -0.8% |
| Stocks | 30/36 | €280,253 | €278,119 | -€2,134 | -0.8% |
| Amounts receivable within one year | 40/41 | €91,886 | €93,451 | +€1,564 | +1.7% |
| Trade receivables | 40 | €52,717 | €47,188 | -€5,529 | -10.5% |
| Other amounts receivable | 41 | €39,170 | €46,263 | +€7,093 | +18.1% |
| Cash at bank and in hand | 54/58 | €43,413 | €88,883 | +€45,470 | +104.7% |
| Deferred charges and accrued income | 490/1 | €5,630 | €6,303 | +€673 | +12.0% |
| Total equity and liabilities | 10/49 | €621,355 | €630,892 | +€9,537 | +1.5% |
| Equity | 10/15 | €230,285 | €172,828 | -€57,457 | -25.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,285 | €7,828 | -€57,457 | -88.0% |
| Amounts payable | 17/49 | €391,070 | €458,063 | +€66,994 | +17.1% |
| Amounts payable after more than one year | 17 | €13,376 | €8,917 | -€4,459 | -33.3% |
| Financial debts | 170/4 | €13,376 | €8,917 | -€4,459 | -33.3% |
| Amounts payable within one year | 42/48 | €377,694 | €449,146 | +€71,452 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €4,459 | €4,459 | = | 0.0% |
| Trade debts | 44 | €123,110 | €198,567 | +€75,457 | +61.3% |
| Suppliers | 440/4 | €123,110 | €198,567 | +€75,457 | +61.3% |
| Advances received on contracts in progress | 46 | €19,089 | €0 | -€19,089 | -100.0% |
| Taxes, remuneration and social security | 45 | €31,037 | €40,987 | +€9,951 | +32.1% |
| Taxes | 450/3 | €2,630 | €0 | -€2,630 | -100.0% |
| Remuneration and social security | 454/9 | €28,407 | €40,987 | +€12,581 | +44.3% |
| Other amounts payable | 47/48 | €200,000 | €205,133 | +€5,133 | +2.6% |
| Remuneration, social security and pensions | 62 | €201,844 | €301,695 | +€99,851 | +49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,329 | €60,382 | +€18,053 | +42.7% |
| Other operating charges | 640/8 | €919 | €980 | +€62 | +6.7% |
| Gross operating margin | 9900 | €457,436 | €562,112 | +€104,676 | +22.9% |
| Operating profit (loss) | 9901 | €212,344 | €199,054 | -€13,290 | -6.3% |
| Financial income | 75/76B | €7,525 | €5,166 | -€2,359 | -31.3% |
| Recurring financial income | 75 | €7,525 | €5,166 | -€2,359 | -31.3% |
| Financial charges | 65/66B | €12,326 | €12,381 | +€55 | +0.4% |
| Recurring financial charges | 65 | €12,326 | €12,381 | +€55 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €207,543 | €191,839 | -€15,704 | -7.6% |
| Income taxes | 67/77 | €52,630 | €49,295 | -€3,335 | -6.3% |
| Profit (loss) for the period | 9904 | €154,913 | €142,543 | -€12,369 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €154,913 | €142,543 | -€12,369 | -8.0% |
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 11 October 2026 via checked.be.