GBS 8: 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 8
Largest movements
- Stocks and contracts +€145,488
up €145,488 (+4.6%), from €3.1m to €3.3m
- Debts after one year +€187,155
up €187,155 (+6.0%), from €3.1m to €3.3m
- Other operating charges -€847
down €847 (-36.7%), from €2,304 to €1,458
- Gross operating margin +€420
up €420 (+10.0%), from -€4,193 to -€3,773
- 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 | €3,144,947 | €3,299,882 | +€154,936 | +4.9% |
| Current assets | 29/58 | €3,144,947 | €3,299,882 | +€154,936 | +4.9% |
| Stocks and contracts in progress | 3 | €3,143,101 | €3,288,589 | +€145,488 | +4.6% |
| Stocks | 30/36 | €3,143,101 | €3,288,589 | +€145,488 | +4.6% |
| Cash at bank and in hand | 54/58 | €1,845 | €11,293 | +€9,448 | +512% |
| Total equity and liabilities | 10/49 | €3,144,947 | €3,299,882 | +€154,936 | +4.9% |
| Equity | 10/15 | -€2,121 | -€7,768 | -€5,647 | -266% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,121 | -€12,768 | -€5,647 | -79.3% |
| Amounts payable | 17/49 | €3,147,068 | €3,307,650 | +€160,583 | +5.1% |
| Amounts payable after more than one year | 17 | €3,101,917 | €3,289,072 | +€187,155 | +6.0% |
| Financial debts | 170/4 | €3,101,917 | €3,289,072 | +€187,155 | +6.0% |
| Amounts payable within one year | 42/48 | €23,850 | €1,652 | -€22,198 | -93.1% |
| Trade debts | 44 | €23,850 | €1,652 | -€22,198 | -93.1% |
| Suppliers | 440/4 | €23,850 | €1,652 | -€22,198 | -93.1% |
| Accrued charges and deferred income | 492/3 | €21,301 | €16,926 | -€4,375 | -20.5% |
| Other operating charges | 640/8 | €2,304 | €1,458 | -€847 | -36.7% |
| Gross operating margin | 9900 | -€4,193 | -€3,773 | +€420 | +10.0% |
| Operating profit (loss) | 9901 | -€6,497 | -€5,231 | +€1,266 | +19.5% |
| 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 | -€7,121 | -€5,647 | +€1,474 | +20.7% |
| Profit (loss) for the period | 9904 | -€7,121 | -€5,647 | +€1,474 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,121 | -€5,647 | +€1,474 | +20.7% |
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 15 October 2026 via checked.be.