GBT: what changed
Two fiscal 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.
What changed
GBT
NACE 01.610, Support activities for crop production
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€645,601
2024 · €264,581+€381,020
Equity
€3.7m
2024 · €3.0m+€645,601
Cash
€87,754
2024 · €258,795-€171,041
Balance sheet total
€11.4m
2024 · €11.1m+€245,484
Largest movements
Assets
- Receivables within one year +€611,234
up €611,234 (+117.5%), from €520,416 to €1.1m
of which Other amounts receivable: +€505,937
- Tangible fixed assets -€443,788
down €443,788 (-5.7%), from €7.8m to €7.3m
- Stocks and contracts +€299,985
up €299,985 (+12.1%), from €2.5m to €2.8m
- Cash -€171,041
down €171,041 (-66.1%), from €258,795 to €87,754
mainly Receivables within one year (-€611,234) and Debts after one year (-€602,582)
Equity and liabilities
- Reserves +€645,601
up €645,601 (+25.1%), from €2.6m to €3.2m
of which Distributable reserves: +€443,801
- Debts after one year -€602,582
down €602,582 (-10.3%), from €5.8m to €5.2m
- Current portion of long-term debt +€209,929
up €209,929 (+27.2%), from €772,635 to €982,564
Income statement
- Staff costs -€517,890
down €517,890 (-26.8%), from €1.9m to €1.4m
- Taxes +€74,912
up €74,912 (+110.1%), from €68,047 to €142,960
- Depreciation +€50,448
up €50,448 (+9.0%), from €563,226 to €613,674
- Gross operating margin +€47,713
up €47,713 (+1.5%), from €3.2m to €3.2m
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.
Result 2024
€264,581
Gross operating margin
+€47,713
Staff costs
+€517,890
Depreciation
-€50,448
Other operating charges
-€13,109
Other operating items
+€39,357
Financial income
-€7,191
Financial charges
-€11,012
Taxes
-€74,912
Deferred taxes and other
-€67,267
Result 2025
€645,601
Cash bridge derived
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.
From operations
+€391,498
Investment
-€169,885
Financing
-€392,653
Cash 2024
€258,795
From operations (derived)
+€391,498
Net result for the year
+€645,601
Depreciation
+€613,674
Stocks and contracts
-€299,985
Receivables within one year
-€611,234
Deferred charges and accrued income
+€50,906
Provisions
+€67,267
Trade debts
-€32,366
Tax, wage and social debts
+€19,937
Other debts
-€65,182
Accrued charges and deferred income
+€2,880
Investment (derived)
-€169,885
Investment in fixed assets (net)
-€169,885
Financing
-€392,653
Debts after one year
-€602,582
Current portion of long-term debt
+€209,929
Cash 2025
€87,754
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,122,121 | €11,367,604 | +€245,484 | +2.2% |
| Fixed assets | 21/28 | €7,789,145 | €7,345,356 | -€443,788 | -5.7% |
| Tangible fixed assets | 22/27 | €7,789,145 | €7,345,356 | -€443,788 | -5.7% |
| Land and buildings | 22 | €5,169,078 | €4,957,794 | -€211,284 | -4.1% |
| Plant, machinery and equipment | 23 | €2,032,204 | €1,897,062 | -€135,142 | -6.6% |
| Furniture and vehicles | 24 | €559,995 | €468,644 | -€91,351 | -16.3% |
| Leasing and similar rights | 25 | €27,868 | €21,856 | -€6,012 | -21.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €3,332,976 | €4,022,248 | +€689,272 | +20.7% |
| Stocks and contracts in progress | 3 | €2,484,833 | €2,784,818 | +€299,985 | +12.1% |
| Stocks | 30/36 | €2,484,833 | €2,784,818 | +€299,985 | +12.1% |
| Amounts receivable within one year | 40/41 | €520,416 | €1,131,650 | +€611,234 | +117.5% |
| Trade receivables | 40 | €225,271 | €330,568 | +€105,297 | +46.7% |
| Other amounts receivable | 41 | €295,145 | €801,082 | +€505,937 | +171.4% |
| Cash at bank and in hand | 54/58 | €258,795 | €87,754 | -€171,041 | -66.1% |
| Deferred charges and accrued income | 490/1 | €68,933 | €18,027 | -€50,906 | -73.8% |
| Total equity and liabilities | 10/49 | €11,122,121 | €11,367,604 | +€245,484 | +2.2% |
| Equity | 10/15 | €3,006,629 | €3,652,231 | +€645,601 | +21.5% |
| Contributions | 10/11 | €435,000 | €435,000 | = | 0.0% |
| Capital | 10 | €435,000 | €435,000 | = | 0.0% |
| Issued capital | 100 | €435,000 | €435,000 | = | 0.0% |
| Reserves | 13 | €2,571,629 | €3,217,231 | +€645,601 | +25.1% |
| Non-distributable reserves | 130/1 | €43,500 | €43,500 | = | 0.0% |
| Legal reserve | 130 | €43,500 | €43,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,450 | €207,250 | +€201,800 | +3703.0% |
| Distributable reserves | 133 | €2,522,680 | €2,966,481 | +€443,801 | +17.6% |
| Provisions and deferred taxes | 16 | - | €67,267 | +€67,267 | |
| Deferred taxes | 168 | - | €67,267 | +€67,267 | |
| Amounts payable | 17/49 | €8,115,491 | €7,648,107 | -€467,384 | -5.8% |
| Amounts payable after more than one year | 17 | €5,822,417 | €5,219,835 | -€602,582 | -10.3% |
| Financial debts | 170/4 | €5,822,417 | €5,219,835 | -€602,582 | -10.3% |
| Amounts payable within one year | 42/48 | €2,275,789 | €2,408,107 | +€132,318 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €772,635 | €982,564 | +€209,929 | +27.2% |
| Financial debts | 43 | €700,000 | €700,000 | = | 0.0% |
| Credit institutions | 430/8 | €700,000 | €700,000 | = | 0.0% |
| Trade debts | 44 | €427,174 | €394,808 | -€32,366 | -7.6% |
| Suppliers | 440/4 | €427,174 | €394,808 | -€32,366 | -7.6% |
| Taxes, remuneration and social security | 45 | €41,616 | €61,552 | +€19,937 | +47.9% |
| Taxes | 450/3 | €13,769 | €54,156 | +€40,388 | +293.3% |
| Remuneration and social security | 454/9 | €27,847 | €7,396 | -€20,451 | -73.4% |
| Other amounts payable | 47/48 | €334,363 | €269,182 | -€65,182 | -19.5% |
| Accrued charges and deferred income | 492/3 | €17,285 | €20,165 | +€2,880 | +16.7% |
| Non-recurring operating income | 76A | €44,008 | €270,519 | +€226,511 | +514.7% |
| Remuneration, social security and pensions | 62 | €1,933,826 | €1,415,936 | -€517,890 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563,226 | €613,674 | +€50,448 | +9.0% |
| Other operating charges | 640/8 | €18,268 | €31,376 | +€13,109 | +71.8% |
| Non-recurring operating charges | 66A | €68,143 | €28,786 | -€39,357 | -57.8% |
| Gross operating margin | 9900 | €3,186,583 | €3,234,295 | +€47,713 | +1.5% |
| Operating profit (loss) | 9901 | €603,120 | €1,144,523 | +€541,403 | +89.8% |
| Financial income | 75/76B | €7,192 | €1 | -€7,191 | -100.0% |
| Recurring financial income | 75 | €7,192 | €1 | -€7,191 | -100.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €277,684 | €288,696 | +€11,012 | +4.0% |
| Recurring financial charges | 65 | €277,684 | €288,696 | +€11,012 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €332,628 | €855,828 | +€523,200 | +157.3% |
| Transfer from deferred taxes | 780 | - | €363 | +€363 | |
| Transfer to deferred taxes | 680 | - | €67,630 | +€67,630 | |
| Income taxes | 67/77 | €68,047 | €142,960 | +€74,912 | +110.1% |
| Profit (loss) for the period | 9904 | €264,581 | €645,601 | +€381,020 | +144.0% |
| Transfer from tax-exempt reserves | 789 | - | €1,089 | +€1,089 | |
| Transfer to tax-exempt reserves | 689 | - | €202,889 | +€202,889 | |
| Profit (loss) for the period to be appropriated | 9905 | €264,581 | €443,801 | +€179,220 | +67.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.