GBS 7: 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 7
Largest movements
- Stocks and contracts +€127,519
up €127,519 (+4.6%), from €2.8m to €2.9m
- Debts after one year +€164,400
up €164,400 (+6.0%), from €2.7m to €2.9m
- Gross operating margin +€793
up €793 (+18.9%), from -€4,193 to -€3,400
- Other operating charges -€741
down €741 (-36.4%), from €2,034 to €1,293
- 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 | €2,758,547 | €2,894,534 | +€135,986 | +4.9% |
| Current assets | 29/58 | €2,758,547 | €2,894,534 | +€135,986 | +4.9% |
| Stocks and contracts in progress | 3 | €2,755,895 | €2,883,413 | +€127,519 | +4.6% |
| Stocks | 30/36 | €2,755,895 | €2,883,413 | +€127,519 | +4.6% |
| Cash at bank and in hand | 54/58 | €2,653 | €11,120 | +€8,468 | +319% |
| Total equity and liabilities | 10/49 | €2,758,547 | €2,894,534 | +€135,986 | +4.9% |
| Equity | 10/15 | -€1,851 | -€6,960 | -€5,109 | -276% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,851 | -€11,960 | -€5,109 | -74.6% |
| Amounts payable | 17/49 | €2,760,398 | €2,901,494 | +€141,095 | +5.1% |
| Amounts payable after more than one year | 17 | €2,720,784 | €2,885,184 | +€164,400 | +6.0% |
| Financial debts | 170/4 | €2,720,784 | €2,885,184 | +€164,400 | +6.0% |
| Amounts payable within one year | 42/48 | €20,912 | €1,447 | -€19,464 | -93.1% |
| Trade debts | 44 | €20,912 | €1,447 | -€19,464 | -93.1% |
| Suppliers | 440/4 | €20,912 | €1,447 | -€19,464 | -93.1% |
| Accrued charges and deferred income | 492/3 | €18,703 | €14,862 | -€3,841 | -20.5% |
| Other operating charges | 640/8 | €2,034 | €1,293 | -€741 | -36.4% |
| Gross operating margin | 9900 | -€4,193 | -€3,400 | +€793 | +18.9% |
| Operating profit (loss) | 9901 | -€6,227 | -€4,693 | +€1,534 | +24.6% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| 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 | -€6,851 | -€5,109 | +€1,743 | +25.4% |
| Profit (loss) for the period | 9904 | -€6,851 | -€5,109 | +€1,743 | +25.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,851 | -€5,109 | +€1,743 | +25.4% |
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 16 October 2026 via checked.be.