GBS 1: 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.
GBS 1
Largest movements
- Stocks and contracts +€196,076
up €196,076 (+4.6%), from €4.2m to €4.4m
- Debts after one year +€247,236
up €247,236 (+5.9%), from €4.2m to €4.4m
- Other operating charges -€1,142
down €1,142 (-37.3%), from €3,064 to €1,921
- Gross operating margin +€594
up €594 (+13.9%), from -€4,270 to -€3,676
- Financial charges -€204
down €204 (-32.9%), from €620 to €416
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 | €4,237,263 | €4,442,692 | +€205,429 | +4.8% |
| Current assets | 29/58 | €4,237,263 | €4,442,692 | +€205,429 | +4.8% |
| Stocks and contracts in progress | 3 | €4,235,583 | €4,431,659 | +€196,076 | +4.6% |
| Stocks | 30/36 | €4,235,583 | €4,431,659 | +€196,076 | +4.6% |
| Cash at bank and in hand | 54/58 | €1,680 | €11,033 | +€9,353 | +557% |
| Total equity and liabilities | 10/49 | €4,237,263 | €4,442,692 | +€205,429 | +4.8% |
| Equity | 10/15 | -€2,953 | -€8,967 | -€6,013 | -204% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,953 | -€13,967 | -€6,013 | -75.6% |
| Amounts payable | 17/49 | €4,240,216 | €4,451,658 | +€211,442 | +5.0% |
| Amounts payable after more than one year | 17 | €4,179,359 | €4,426,595 | +€247,236 | +5.9% |
| Financial debts | 170/4 | €4,179,359 | €4,426,595 | +€247,236 | +5.9% |
| Amounts payable within one year | 42/48 | €32,120 | €2,228 | -€29,892 | -93.1% |
| Trade debts | 44 | €32,120 | €2,228 | -€29,892 | -93.1% |
| Suppliers | 440/4 | €32,120 | €2,228 | -€29,892 | -93.1% |
| Accrued charges and deferred income | 492/3 | €28,738 | €22,836 | -€5,902 | -20.5% |
| Other operating charges | 640/8 | €3,064 | €1,921 | -€1,142 | -37.3% |
| Gross operating margin | 9900 | -€4,270 | -€3,676 | +€594 | +13.9% |
| Operating profit (loss) | 9901 | -€7,333 | -€5,598 | +€1,736 | +23.7% |
| Financial charges | 65/66B | €620 | €416 | -€204 | -32.9% |
| Recurring financial charges | 65 | €620 | €416 | -€204 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,953 | -€6,013 | +€1,940 | +24.4% |
| Profit (loss) for the period | 9904 | -€7,953 | -€6,013 | +€1,940 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,953 | -€6,013 | +€1,940 | +24.4% |
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 18 October 2026 via checked.be.