GBUSY: 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.
GBUSY
Largest movements
- Tangible fixed assets +€591,162
up €591,162 (+101%), from €584,617 to €1.2m
of which Land and buildings: +€461,590
- Cash -€440,859
down €440,859 (-93.2%), from €473,020 to €32,162
mainly Investment in fixed assets (net) (-€668,063) and Tax, wage and social debts (-€32,304)
- Receivables within one year -€61,430
down €61,430 (-94.0%), from €65,340 to €3,910
- Debts after one year +€81,667
new in 2025: €81,667
- Other debts +€56,840
up €56,840 (+7.8%), from €732,290 to €789,130
- Tax, wage and social debts -€32,304
down €32,304 (-70.8%), from €45,595 to €13,291
- Profit (loss) carried forward -€28,984
down €28,984 (-8.5%), from €341,515 to €312,530
- Current portion of long-term debt +€12,990
new in 2025: €12,990
- Gross operating margin -€156,206
down €156,206 (-75.2%), from €207,678 to €51,472
- Taxes -€39,291
down €39,291 (-99.2%), from €39,593 to €302
- Depreciation +€28,656
up €28,656 (+67.6%), from €42,414 to €71,070
- Other operating charges +€4,929
up €4,929 (+182%), from €2,708 to €7,637
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 | €1,123,875 | €1,217,681 | +€93,806 | +8.3% |
| Fixed assets | 21/28 | €584,617 | €1,181,610 | +€596,992 | +102% |
| Intangible fixed assets | 21 | - | €5,830 | +€5,830 | |
| Tangible fixed assets | 22/27 | €584,617 | €1,175,779 | +€591,162 | +101% |
| Land and buildings | 22 | €477,568 | €939,158 | +€461,590 | +96.7% |
| Plant, machinery and equipment | 23 | €1,082 | €148,071 | +€146,989 | +13,580% |
| Furniture and vehicles | 24 | €105,967 | €88,551 | -€17,416 | -16.4% |
| Current assets | 29/58 | €539,257 | €36,071 | -€503,186 | -93.3% |
| Amounts receivable within one year | 40/41 | €65,340 | €3,910 | -€61,430 | -94.0% |
| Trade receivables | 40 | €65,340 | €3,910 | -€61,430 | -94.0% |
| Cash at bank and in hand | 54/58 | €473,020 | €32,162 | -€440,859 | -93.2% |
| Deferred charges and accrued income | 490/1 | €897 | €0 | -€897 | -100% |
| Total equity and liabilities | 10/49 | €1,123,875 | €1,217,681 | +€93,806 | +8.3% |
| Equity | 10/15 | €344,515 | €315,530 | -€28,984 | -8.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €341,515 | €312,530 | -€28,984 | -8.5% |
| Amounts payable | 17/49 | €779,360 | €902,151 | +€122,791 | +15.8% |
| Amounts payable after more than one year | 17 | - | €81,667 | +€81,667 | |
| Financial debts | 170/4 | - | €81,667 | +€81,667 | |
| Amounts payable within one year | 42/48 | €779,360 | €820,483 | +€41,123 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | - | €12,990 | +€12,990 | |
| Trade debts | 44 | €1,475 | €5,071 | +€3,597 | +244% |
| Suppliers | 440/4 | €1,475 | €5,071 | +€3,597 | +244% |
| Taxes, remuneration and social security | 45 | €45,595 | €13,291 | -€32,304 | -70.8% |
| Taxes | 450/3 | €45,595 | €13,291 | -€32,304 | -70.8% |
| Other amounts payable | 47/48 | €732,290 | €789,130 | +€56,840 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,414 | €71,070 | +€28,656 | +67.6% |
| Other operating charges | 640/8 | €2,708 | €7,637 | +€4,929 | +182% |
| Gross operating margin | 9900 | €207,678 | €51,472 | -€156,206 | -75.2% |
| Operating profit (loss) | 9901 | €162,556 | -€27,235 | -€189,792 | |
| Financial income | 75/76B | €0 | €45 | +€45 | |
| Recurring financial income | 75 | €0 | €45 | +€45 | |
| Financial charges | 65/66B | €820 | €1,492 | +€673 | +82.1% |
| Recurring financial charges | 65 | €820 | €1,492 | +€673 | +82.1% |
| Profit (loss) for the period before taxes | 9903 | €161,737 | -€28,682 | -€190,419 | |
| Income taxes | 67/77 | €39,593 | €302 | -€39,291 | -99.2% |
| Profit (loss) for the period | 9904 | €122,144 | -€28,984 | -€151,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,144 | -€28,984 | -€151,128 |
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 22 October 2026 via checked.be.