GBS BELGIUM: what changed
GBS BELGIUM
Largest movements
- Receivables within one year +€48,615
up €48,615 (+281%), from €17,295 to €65,910
of which Other amounts receivable: +€59,621
- Cash -€23,883
down €23,883 (-62.2%), from €38,387 to €14,504
mainly Receivables within one year (-€48,615) and Other debts (-€23,857)
- Tangible fixed assets +€3,395
up €3,395 (+61.2%), from €5,548 to €8,943
- Profit (loss) carried forward +€29,788
up €29,788 (+219%), from €13,624 to €43,413
- Other debts -€23,857
down €23,857 (-95.0%), from €25,118 to €1,261
- Trade debts +€18,639
up €18,639 (+170%), from €10,933 to €29,572
of which Bills of exchange payable: +€29,572
- Tax, wage and social debts +€3,558
up €3,558 (+36.0%), from €9,884 to €13,442
of which Taxes: +€3,558
- Depreciation -€10,111
down €10,111 (-58.7%), from €17,216 to €7,105
- Gross operating margin +€5,088
up €5,088 (+14.3%), from €35,649 to €40,736
- Financial income -€1,802
down €1,802 (-90.4%), from €1,993 to €191
of which Non-recurring financial income: -€1,987
- Other operating charges -€1,650
down €1,650 (-35.8%), from €4,609 to €2,959
- Financial charges +€778
up €778 (+262%), from €298 to €1,076
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,561 | €89,688 | +€28,128 | +45.7% |
| Fixed assets | 21/28 | €5,548 | €8,943 | +€3,395 | +61.2% |
| Tangible fixed assets | 22/27 | €5,548 | €8,943 | +€3,395 | +61.2% |
| Furniture and vehicles | 24 | €5,548 | €8,943 | +€3,395 | +61.2% |
| Current assets | 29/58 | €56,012 | €80,745 | +€24,732 | +44.2% |
| Amounts receivable within one year | 40/41 | €17,295 | €65,910 | +€48,615 | +281% |
| Trade receivables | 40 | €17,295 | €6,289 | -€11,006 | -63.6% |
| Other amounts receivable | 41 | - | €59,621 | +€59,621 | |
| Cash at bank and in hand | 54/58 | €38,387 | €14,504 | -€23,883 | -62.2% |
| Deferred charges and accrued income | 490/1 | €331 | €331 | = | 0.0% |
| Total equity and liabilities | 10/49 | €61,561 | €89,688 | +€28,128 | +45.7% |
| Equity | 10/15 | €15,624 | €45,413 | +€29,788 | +191% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,624 | €43,413 | +€29,788 | +219% |
| Amounts payable | 17/49 | €45,936 | €44,276 | -€1,661 | -3.6% |
| Amounts payable within one year | 42/48 | €45,936 | €44,276 | -€1,661 | -3.6% |
| Trade debts | 44 | €10,933 | €29,572 | +€18,639 | +170% |
| Suppliers | 440/4 | €10,933 | - | -€10,933 | |
| Bills of exchange payable | 441 | - | €29,572 | +€29,572 | |
| Taxes, remuneration and social security | 45 | €9,884 | €13,442 | +€3,558 | +36.0% |
| Taxes | 450/3 | €6,161 | €9,719 | +€3,558 | +57.7% |
| Remuneration and social security | 454/9 | €3,723 | €3,723 | = | 0.0% |
| Other amounts payable | 47/48 | €25,118 | €1,261 | -€23,857 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,216 | €7,105 | -€10,111 | -58.7% |
| Other operating charges | 640/8 | €4,609 | €2,959 | -€1,650 | -35.8% |
| Gross operating margin | 9900 | €35,649 | €40,736 | +€5,088 | +14.3% |
| Operating profit (loss) | 9901 | €13,825 | €30,673 | +€16,848 | +122% |
| Financial income | 75/76B | €1,993 | €191 | -€1,802 | -90.4% |
| Recurring financial income | 75 | €5 | €191 | +€186 | +3,573% |
| Non-recurring financial income | 76B | €1,987 | - | -€1,987 | |
| Financial charges | 65/66B | €298 | €1,076 | +€778 | +262% |
| Recurring financial charges | 65 | €298 | €1,076 | +€778 | +262% |
| Profit (loss) for the period before taxes | 9903 | €15,520 | €29,788 | +€14,268 | +91.9% |
| Profit (loss) for the period | 9904 | €15,520 | €29,788 | +€14,268 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,520 | €29,788 | +€14,268 | +91.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.