GBS 3: 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 3
Largest movements
- Stocks and contracts +€93,042
up €93,042 (+4.7%), from €2.0m to €2.1m
- Debts after one year +€122,951
up €122,951 (+6.2%), from €2.0m to €2.1m
- Gross operating margin +€932
up €932 (+24.0%), from -€3,881 to -€2,949
- Other operating charges -€503
down €503 (-35.4%), from €1,422 to €919
- Financial charges -€190
down €190 (-31.3%), from €605 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 | €2,012,829 | €2,117,498 | +€104,670 | +5.2% |
| Current assets | 29/58 | €2,012,829 | €2,117,498 | +€104,670 | +5.2% |
| Stocks and contracts in progress | 3 | €2,000,025 | €2,093,067 | +€93,042 | +4.7% |
| Stocks | 30/36 | €2,000,025 | €2,093,067 | +€93,042 | +4.7% |
| Amounts receivable within one year | 40/41 | €10,229 | €12,686 | +€2,457 | +24.0% |
| Other amounts receivable | 41 | €10,229 | €12,686 | +€2,457 | +24.0% |
| Cash at bank and in hand | 54/58 | €2,574 | €11,745 | +€9,171 | +356% |
| Total equity and liabilities | 10/49 | €2,012,829 | €2,117,498 | +€104,670 | +5.2% |
| Equity | 10/15 | -€908 | -€5,192 | -€4,284 | -472% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,908 | -€10,192 | -€4,284 | -72.5% |
| Amounts payable | 17/49 | €2,013,737 | €2,122,691 | +€108,954 | +5.4% |
| Amounts payable after more than one year | 17 | €1,987,906 | €2,110,857 | +€122,951 | +6.2% |
| Financial debts | 170/4 | €1,987,906 | €2,110,857 | +€122,951 | +6.2% |
| Amounts payable within one year | 42/48 | €12,175 | €983 | -€11,192 | -91.9% |
| Trade debts | 44 | €12,175 | €983 | -€11,192 | -91.9% |
| Suppliers | 440/4 | €12,175 | €983 | -€11,192 | -91.9% |
| Accrued charges and deferred income | 492/3 | €13,656 | €10,852 | -€2,805 | -20.5% |
| Other operating charges | 640/8 | €1,422 | €919 | -€503 | -35.4% |
| Gross operating margin | 9900 | -€3,881 | -€2,949 | +€932 | +24.0% |
| Operating profit (loss) | 9901 | -€5,303 | -€3,868 | +€1,435 | +27.1% |
| Financial charges | 65/66B | €605 | €416 | -€190 | -31.3% |
| Recurring financial charges | 65 | €605 | €416 | -€190 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,908 | -€4,284 | +€1,625 | +27.5% |
| Profit (loss) for the period | 9904 | -€5,908 | -€4,284 | +€1,625 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,908 | -€4,284 | +€1,625 | +27.5% |
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 17 October 2026 via checked.be.