GBS 2: 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.
GBS 2
Largest movements
- Cash +€1.5m
up €1.5m (+59179.4%), from €2,612 to €1.5m
mainly Stocks and contracts (+€1.4m) and Debts after one year (+€177,147)
- Stocks and contracts -€1.4m
down €1.4m (-48.5%), from €3.0m to €1.5m
- Debts after one year +€177,147
up €177,147 (+6.0%), from €2.9m to €3.1m
- Profit (loss) carried forward -€50,146
down €50,146 (-716.0%), from -€7,004 to -€57,150
- Gross operating margin -€44,149
down €44,149 (-1053.0%), from -€4,193 to -€48,342
- Other operating charges -€802
down €802 (-36.6%), from €2,191 to €1,389
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 | €2,981,900 | €3,083,704 | +€101,805 | +3.4% |
| Current assets | 29/58 | €2,981,900 | €3,083,704 | +€101,805 | +3.4% |
| Stocks and contracts in progress | 3 | €2,979,288 | €1,535,557 | -€1.4m | -48.5% |
| Stocks | 30/36 | €2,979,288 | €1,535,557 | -€1.4m | -48.5% |
| Cash at bank and in hand | 54/58 | €2,612 | €1,548,147 | +€1.5m | +59179.4% |
| Total equity and liabilities | 10/49 | €2,981,900 | €3,083,704 | +€101,805 | +3.4% |
| Equity | 10/15 | -€2,004 | -€52,150 | -€50,146 | -2502.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,004 | -€57,150 | -€50,146 | -716.0% |
| Amounts payable | 17/49 | €2,983,904 | €3,135,854 | +€151,951 | +5.1% |
| Amounts payable after more than one year | 17 | €2,941,099 | €3,118,246 | +€177,147 | +6.0% |
| Financial debts | 170/4 | €2,941,099 | €3,118,246 | +€177,147 | +6.0% |
| Amounts payable within one year | 42/48 | €22,617 | €1,566 | -€21,050 | -93.1% |
| Trade debts | 44 | €22,617 | €1,566 | -€21,050 | -93.1% |
| Suppliers | 440/4 | €22,617 | €1,566 | -€21,050 | -93.1% |
| Accrued charges and deferred income | 492/3 | €20,188 | €16,042 | -€4,146 | -20.5% |
| Other operating charges | 640/8 | €2,191 | €1,389 | -€802 | -36.6% |
| Gross operating margin | 9900 | -€4,193 | -€48,342 | -€44,149 | -1053.0% |
| Operating profit (loss) | 9901 | -€6,384 | -€49,730 | -€43,346 | -679.0% |
| 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 | -€7,004 | -€50,146 | -€43,142 | -616.0% |
| Profit (loss) for the period | 9904 | -€7,004 | -€50,146 | -€43,142 | -616.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,004 | -€50,146 | -€43,142 | -616.0% |
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 9 October 2026 via checked.be.