GEBO-BEHEER: 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.
GEBO-BEHEER
Largest movements
- Tangible fixed assets -€49,826
down €49,826 (-4.5%), from €1.1m to €1.1m
of which Land and buildings: -€49,826
- Debts after one year -€106,920
down €106,920 (-60.3%), from €177,429 to €70,509
of which Financial debts: -€110,000
- Reserves +€58,080
up €58,080 (+24.8%), from €234,017 to €292,097
of which Distributable reserves: +€58,080
- Other debts -€14,410
down €14,410 (-4.0%), from €363,809 to €349,400
- Financial charges -€9,010
down €9,010 (-31.7%), from €28,463 to €19,452
- Gross operating margin -€4,256
down €4,256 (-2.3%), from €181,836 to €177,580
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 | €1,152,499 | €1,094,300 | -€58,199 | -5.0% |
| Fixed assets | 21/28 | €1,109,752 | €1,059,925 | -€49,826 | -4.5% |
| Tangible fixed assets | 22/27 | €1,109,396 | €1,059,570 | -€49,826 | -4.5% |
| Land and buildings | 22 | €1,109,396 | €1,059,570 | -€49,826 | -4.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €356 | €356 | = | 0.0% |
| Current assets | 29/58 | €42,747 | €34,374 | -€8,373 | -19.6% |
| Cash at bank and in hand | 54/58 | €42,747 | €34,374 | -€8,373 | -19.6% |
| Total equity and liabilities | 10/49 | €1,152,499 | €1,094,300 | -€58,199 | -5.0% |
| Equity | 10/15 | €565,158 | €623,238 | +€58,080 | +10.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €234,017 | €292,097 | +€58,080 | +24.8% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €317 | €317 | = | 0.0% |
| Distributable reserves | 133 | €221,305 | €279,386 | +€58,080 | +26.2% |
| Profit (loss) carried forward | 14 | €207,194 | €207,194 | = | 0.0% |
| Amounts payable | 17/49 | €587,341 | €471,061 | -€116,279 | -19.8% |
| Amounts payable after more than one year | 17 | €177,429 | €70,509 | -€106,920 | -60.3% |
| Financial debts | 170/4 | €170,000 | €60,000 | -€110,000 | -64.7% |
| Other amounts payable | 178/9 | €7,429 | €10,509 | +€3,080 | +41.5% |
| Amounts payable within one year | 42/48 | €382,461 | €370,954 | -€11,507 | -3.0% |
| Trade debts | 44 | €1,012 | €3,001 | +€1,989 | +197% |
| Suppliers | 440/4 | €1,012 | €3,001 | +€1,989 | +197% |
| Taxes, remuneration and social security | 45 | €17,640 | €18,554 | +€914 | +5.2% |
| Taxes | 450/3 | €17,640 | €18,554 | +€914 | +5.2% |
| Other amounts payable | 47/48 | €363,809 | €349,400 | -€14,410 | -4.0% |
| Accrued charges and deferred income | 492/3 | €27,451 | €29,598 | +€2,147 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,966 | €49,826 | -€140 | -0.3% |
| Other operating charges | 640/8 | €23,477 | €23,181 | -€296 | -1.3% |
| Gross operating margin | 9900 | €181,836 | €177,580 | -€4,256 | -2.3% |
| Operating profit (loss) | 9901 | €108,393 | €104,573 | -€3,820 | -3.5% |
| Financial charges | 65/66B | €28,463 | €19,452 | -€9,010 | -31.7% |
| Recurring financial charges | 65 | €28,463 | €19,452 | -€9,010 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €79,931 | €85,121 | +€5,190 | +6.5% |
| Income taxes | 67/77 | €25,259 | €27,040 | +€1,782 | +7.1% |
| Profit (loss) for the period | 9904 | €54,672 | €58,080 | +€3,409 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,672 | €58,080 | +€3,409 | +6.2% |
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 17 October 2026 via checked.be.