GEBEITELD: 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.
GEBEITELD
Largest movements
- Stocks and contracts +€143,334
up €143,334 (+22.3%), from €641,355 to €784,689
- Cash -€26,527
down €26,527 (-52.0%), from €50,994 to €24,466
mainly Stocks and contracts (-€143,334) and Other debts (-€13,675)
- Reserves +€51,279
new in 2025: €51,279
- Profit (loss) carried forward +€50,004
no longer reported in 2025 (was -€50,004)
- Tax, wage and social debts +€25,038
up €25,038 (+347.8%), from €7,199 to €32,236
- Other debts -€13,675
down €13,675 (-31.3%), from €43,653 to €29,978
- Debts after one year -€10,000
down €10,000 (-1.4%), from €690,000 to €680,000
- Gross operating margin +€154,173
up €154,173, from -€3,836 to €150,338
- Taxes +€23,241
new in 2025: €23,241
- Financial charges +€8,209
up €8,209 (+46.5%), from €17,651 to €25,860
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €717,349 | €828,757 | +€111,408 | +15.5% |
| Current assets | 29/58 | €717,349 | €828,757 | +€111,408 | +15.5% |
| Stocks and contracts in progress | 3 | €641,355 | €784,689 | +€143,334 | +22.3% |
| Stocks | 30/36 | €641,355 | €784,689 | +€143,334 | +22.3% |
| Amounts receivable within one year | 40/41 | €25,000 | €19,601 | -€5,399 | -21.6% |
| Trade receivables | 40 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 41 | - | €19,601 | +€19,601 | |
| Cash at bank and in hand | 54/58 | €50,994 | €24,466 | -€26,527 | -52.0% |
| Total equity and liabilities | 10/49 | €717,349 | €828,757 | +€111,408 | +15.5% |
| Equity | 10/15 | -€30,004 | €71,279 | +€101,282 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €51,279 | +€51,279 | |
| Distributable reserves | 133 | - | €51,279 | +€51,279 | |
| Profit (loss) carried forward | 14 | -€50,004 | - | +€50,004 | |
| Amounts payable | 17/49 | €747,352 | €757,478 | +€10,126 | +1.4% |
| Amounts payable after more than one year | 17 | €690,000 | €680,000 | -€10,000 | -1.4% |
| Financial debts | 170/4 | €690,000 | €680,000 | -€10,000 | -1.4% |
| Amounts payable within one year | 42/48 | €57,352 | €77,478 | +€20,126 | +35.1% |
| Trade debts | 44 | €6,501 | €15,264 | +€8,763 | +134.8% |
| Suppliers | 440/4 | €6,501 | €15,264 | +€8,763 | +134.8% |
| Taxes, remuneration and social security | 45 | €7,199 | €32,236 | +€25,038 | +347.8% |
| Taxes | 450/3 | €7,199 | €32,236 | +€25,038 | +347.8% |
| Other amounts payable | 47/48 | €43,653 | €29,978 | -€13,675 | -31.3% |
| Other operating charges | 640/8 | €451 | €485 | +€34 | +7.6% |
| Gross operating margin | 9900 | -€3,836 | €150,338 | +€154,173 | |
| Operating profit (loss) | 9901 | -€4,287 | €149,853 | +€154,139 | |
| Financial income | 75/76B | €86 | €531 | +€445 | +514.4% |
| Recurring financial income | 75 | €86 | €531 | +€445 | +514.4% |
| Financial charges | 65/66B | €17,651 | €25,860 | +€8,209 | +46.5% |
| Recurring financial charges | 65 | €17,651 | €25,860 | +€8,209 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,851 | €124,524 | +€146,375 | |
| Income taxes | 67/77 | - | €23,241 | +€23,241 | |
| Profit (loss) for the period | 9904 | -€21,851 | €101,282 | +€123,134 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,851 | €101,282 | +€123,134 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.