GBR: what changed
Two fiscal 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.
GBR
Largest movements
- Cash -€37,465
down €37,465 (-27.8%), from €134,767 to €97,302
mainly Contributions, distributions and other (-€127,893) and Current investments (-€25,320)
- Current investments +€25,320
up €25,320 (+33.8%), from €75,000 to €100,320
- Tangible fixed assets -€12,238
down €12,238 (-24.0%), from €51,044 to €38,806
of which Furniture and vehicles: -€11,875
- Receivables within one year +€9,797
up €9,797 (+127.1%), from €7,710 to €17,507
of which Other amounts receivable: +€9,797
- Debts after one year -€9,548
down €9,548 (-28.8%), from €33,147 to €23,600
- Other debts -€5,731
down €5,731 (-4.0%), from €142,599 to €136,867
- Gross operating margin -€14,178
down €14,178 (-7.5%), from €189,349 to €175,171
- Financial income +€3,040
up €3,040 (+562.5%), from €540 to €3,580
- Taxes -€3,023
down €3,023 (-7.7%), from €39,376 to €36,353
- Depreciation +€2,342
up €2,342 (+23.7%), from €9,896 to €12,238
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 | €271,122 | €256,609 | -€14,514 | -5.4% |
| Fixed assets | 21/28 | €51,044 | €38,806 | -€12,238 | -24.0% |
| Tangible fixed assets | 22/27 | €51,044 | €38,806 | -€12,238 | -24.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €49,452 | €37,577 | -€11,875 | -24.0% |
| Other tangible fixed assets | 26 | €1,592 | €1,228 | -€363 | -22.8% |
| Current assets | 29/58 | €220,078 | €217,803 | -€2,275 | -1.0% |
| Amounts receivable within one year | 40/41 | €7,710 | €17,507 | +€9,797 | +127.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €7,710 | €17,507 | +€9,797 | +127.1% |
| Current investments | 50/53 | €75,000 | €100,320 | +€25,320 | +33.8% |
| Cash at bank and in hand | 54/58 | €134,767 | €97,302 | -€37,465 | -27.8% |
| Deferred charges and accrued income | 490/1 | €2,602 | €2,674 | +€72 | +2.8% |
| Total equity and liabilities | 10/49 | €271,122 | €256,609 | -€14,514 | -5.4% |
| Equity | 10/15 | €78,085 | €78,085 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €68,085 | €68,085 | = | 0.0% |
| Distributable reserves | 133 | €68,085 | €68,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €193,037 | €178,523 | -€14,514 | -7.5% |
| Amounts payable after more than one year | 17 | €33,147 | €23,600 | -€9,548 | -28.8% |
| Financial debts | 170/4 | €33,147 | €23,600 | -€9,548 | -28.8% |
| Amounts payable within one year | 42/48 | €159,139 | €154,173 | -€4,966 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €9,224 | €9,548 | +€323 | +3.5% |
| Trade debts | 44 | €1,263 | €933 | -€330 | -26.2% |
| Suppliers | 440/4 | €1,263 | €933 | -€330 | -26.2% |
| Taxes, remuneration and social security | 45 | €6,053 | €6,826 | +€773 | +12.8% |
| Taxes | 450/3 | €4,153 | €5,326 | +€1,173 | +28.2% |
| Remuneration and social security | 454/9 | €1,900 | €1,500 | -€400 | -21.1% |
| Other amounts payable | 47/48 | €142,599 | €136,867 | -€5,731 | -4.0% |
| Accrued charges and deferred income | 492/3 | €751 | €751 | = | 0.0% |
| Non-recurring operating income | 76A | €9,225 | €0 | -€9,225 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,896 | €12,238 | +€2,342 | +23.7% |
| Other operating charges | 640/8 | €778 | €673 | -€105 | -13.5% |
| Gross operating margin | 9900 | €189,349 | €175,171 | -€14,178 | -7.5% |
| Operating profit (loss) | 9901 | €178,674 | €162,259 | -€16,415 | -9.2% |
| Financial income | 75/76B | €540 | €3,580 | +€3,040 | +562.5% |
| Recurring financial income | 75 | €540 | €3,580 | +€3,040 | +562.5% |
| Financial charges | 65/66B | €1,258 | €1,594 | +€336 | +26.7% |
| Recurring financial charges | 65 | €1,258 | €1,594 | +€336 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €177,957 | €164,246 | -€13,711 | -7.7% |
| Income taxes | 67/77 | €39,376 | €36,353 | -€3,023 | -7.7% |
| Profit (loss) for the period | 9904 | €138,581 | €127,893 | -€10,688 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €138,581 | €127,893 | -€10,688 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.