GBS 5: 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 5
Largest movements
- Stocks and contracts +€102,117
up €102,117 (+4.6%), from €2.2m to €2.3m
- Debts after one year +€134,913
up €134,913 (+6.2%), from €2.2m to €2.3m
- Gross operating margin +€807
up €807 (+19.2%), from -€4,193 to -€3,386
- Other operating charges -€593
down €593 (-35.9%), from €1,653 to €1,060
- Financial charges -€208
down €208 (-33.4%), from €624 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 | €2,208,673 | €2,320,058 | +€111,385 | +5.0% |
| Current assets | 29/58 | €2,208,673 | €2,320,058 | +€111,385 | +5.0% |
| Stocks and contracts in progress | 3 | €2,207,264 | €2,309,381 | +€102,117 | +4.6% |
| Stocks | 30/36 | €2,207,264 | €2,309,381 | +€102,117 | +4.6% |
| Cash at bank and in hand | 54/58 | €1,409 | €10,677 | +€9,268 | +658% |
| Total equity and liabilities | 10/49 | €2,208,673 | €2,320,058 | +€111,385 | +5.0% |
| Equity | 10/15 | -€1,470 | -€6,332 | -€4,862 | -331% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,470 | -€11,332 | -€4,862 | -75.1% |
| Amounts payable | 17/49 | €2,210,143 | €2,326,390 | +€116,247 | +5.3% |
| Amounts payable after more than one year | 17 | €2,178,452 | €2,313,365 | +€134,913 | +6.2% |
| Financial debts | 170/4 | €2,178,452 | €2,313,365 | +€134,913 | +6.2% |
| Amounts payable within one year | 42/48 | €16,758 | €1,158 | -€15,600 | -93.1% |
| Trade debts | 44 | €16,758 | €1,158 | -€15,600 | -93.1% |
| Suppliers | 440/4 | €16,758 | €1,158 | -€15,600 | -93.1% |
| Accrued charges and deferred income | 492/3 | €14,933 | €11,866 | -€3,067 | -20.5% |
| Other operating charges | 640/8 | €1,653 | €1,060 | -€593 | -35.9% |
| Gross operating margin | 9900 | -€4,193 | -€3,386 | +€807 | +19.2% |
| Operating profit (loss) | 9901 | -€5,846 | -€4,446 | +€1,400 | +23.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €624 | €416 | -€208 | -33.4% |
| Recurring financial charges | 65 | €624 | €416 | -€208 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,470 | -€4,862 | +€1,608 | +24.9% |
| Profit (loss) for the period | 9904 | -€6,470 | -€4,862 | +€1,608 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,470 | -€4,862 | +€1,608 | +24.9% |
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 16 October 2026 via checked.be.