GEBAMET: what changed
What changed
GEBAMET
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€121,710
2024 · €129,016-€7,305
Equity
€690,875
2024 · €569,164+€121,710
Cash
€346,346
2024 · €256,111+€90,235
Balance sheet total
€793,693
2024 · €670,848+€122,845
Largest movements
Assets
- Cash +€90,235
up €90,235 (+35.2%), from €256,111 to €346,346
mainly Net result for the year (+€121,710) and Depreciation (+€30,623)
- Tangible fixed assets +€49,059
up €49,059 (+17.0%), from €288,977 to €338,036
of which Furniture and vehicles: +€67,784
- Receivables within one year -€15,924
down €15,924 (-12.9%), from €123,079 to €107,155
of which Trade receivables: -€15,980
Equity and liabilities
- Reserves +€121,710
up €121,710 (+21.6%), from €562,964 to €684,675
- Debts after one year -€15,245
down €15,245 (-29.5%), from €51,599 to €36,354
- Tax, wage and social debts +€8,512
up €8,512 (+28.8%), from €29,561 to €38,073
of which Taxes: +€8,139
Income statement
- Gross operating margin -€17,221
down €17,221 (-7.4%), from €231,945 to €214,724
- Depreciation -€13,668
down €13,668 (-30.9%), from €44,291 to €30,623
- Taxes -€2,325
down €2,325 (-4.2%), from €54,822 to €52,497
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.
Result 2024
€129,016
Gross operating margin
-€17,221
Depreciation
+€13,668
Other operating charges
-€253
Other operating items
-€6,390
Financial income
+€562
Financial charges
+€4
Taxes
+€2,325
Result 2025
€121,710
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€186,660
Investment
-€79,683
Financing
-€16,742
Cash 2024
€256,111
From operations (derived)
+€186,660
Net result for the year
+€121,710
Depreciation
+€30,623
Receivables within one year
+€15,924
Deferred charges and accrued income
+€525
Trade debts
+€5,145
Tax, wage and social debts
+€8,512
Other debts
+€4,219
Investment (derived)
-€79,683
Investment in fixed assets (net)
-€79,683
Financing
-€16,742
Debts after one year
-€15,245
Current portion of long-term debt
+€534
Short-term financial debts
-€2,031
Cash 2025
€346,346
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €670,848 | €793,693 | +€122,845 | +18.3% |
| Fixed assets | 21/28 | €288,977 | €338,036 | +€49,059 | +17.0% |
| Tangible fixed assets | 22/27 | €288,977 | €338,036 | +€49,059 | +17.0% |
| Land and buildings | 22 | €249,344 | €230,618 | -€18,725 | -7.5% |
| Furniture and vehicles | 24 | €39,633 | €107,418 | +€67,784 | +171% |
| Current assets | 29/58 | €381,871 | €455,657 | +€73,786 | +19.3% |
| Amounts receivable within one year | 40/41 | €123,079 | €107,155 | -€15,924 | -12.9% |
| Trade receivables | 40 | €123,079 | €107,099 | -€15,980 | -13.0% |
| Other amounts receivable | 41 | €0 | €56 | +€56 | |
| Cash at bank and in hand | 54/58 | €256,111 | €346,346 | +€90,235 | +35.2% |
| Deferred charges and accrued income | 490/1 | €2,681 | €2,156 | -€525 | -19.6% |
| Total equity and liabilities | 10/49 | €670,848 | €793,693 | +€122,845 | +18.3% |
| Equity | 10/15 | €569,164 | €690,875 | +€121,710 | +21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €562,964 | €684,675 | +€121,710 | +21.6% |
| Distributable reserves | 133 | €562,964 | €684,675 | +€121,710 | +21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,684 | €102,818 | +€1,134 | +1.1% |
| Amounts payable after more than one year | 17 | €51,599 | €36,354 | -€15,245 | -29.5% |
| Financial debts | 170/4 | €51,599 | €36,354 | -€15,245 | -29.5% |
| Amounts payable within one year | 42/48 | €50,085 | €66,464 | +€16,379 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €14,711 | €15,245 | +€534 | +3.6% |
| Financial debts | 43 | €2,085 | €54 | -€2,031 | -97.4% |
| Credit institutions | 430/8 | €2,085 | €54 | -€2,031 | -97.4% |
| Trade debts | 44 | €1,924 | €7,069 | +€5,145 | +267% |
| Suppliers | 440/4 | €1,924 | €7,069 | +€5,145 | +267% |
| Taxes, remuneration and social security | 45 | €29,561 | €38,073 | +€8,512 | +28.8% |
| Taxes | 450/3 | €27,136 | €35,276 | +€8,139 | +30.0% |
| Remuneration and social security | 454/9 | €2,425 | €2,798 | +€373 | +15.4% |
| Other amounts payable | 47/48 | €1,803 | €6,022 | +€4,219 | +234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,291 | €30,623 | -€13,668 | -30.9% |
| Other operating charges | 640/8 | €1,776 | €2,029 | +€253 | +14.3% |
| Non-recurring operating charges | 66A | - | €6,390 | +€6,390 | |
| Gross operating margin | 9900 | €231,945 | €214,724 | -€17,221 | -7.4% |
| Operating profit (loss) | 9901 | €185,878 | €175,681 | -€10,197 | -5.5% |
| Financial income | 75/76B | €317 | €879 | +€562 | +178% |
| Recurring financial income | 75 | €317 | €879 | +€562 | +178% |
| Financial charges | 65/66B | €2,357 | €2,353 | -€4 | -0.2% |
| Recurring financial charges | 65 | €2,357 | €2,353 | -€4 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €183,837 | €174,207 | -€9,630 | -5.2% |
| Income taxes | 67/77 | €54,822 | €52,497 | -€2,325 | -4.2% |
| Profit (loss) for the period | 9904 | €129,016 | €121,710 | -€7,305 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €129,016 | €121,710 | -€7,305 | -5.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.