Gebo Construct: 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.
Gebo Construct
Largest movements
- Current investments +€914,378
up €914,378 (+228.6%), from €400,000 to €1.3m
- Cash -€615,382
down €615,382 (-99.8%), from €616,840 to €1,458
mainly Contributions, distributions and other (-€1.3m) and Current investments (-€914,378)
- Stocks and contracts +€445,139
up €445,139 (+8902.8%), from €5,000 to €450,139
- Receivables within one year -€232,449
down €232,449 (-30.6%), from €759,246 to €526,797
of which Other amounts receivable: -€167,175
- Tangible fixed assets -€181,590
down €181,590 (-25.1%), from €724,315 to €542,726
of which Furniture and vehicles: -€147,035
- Other debts +€1.1m
up €1.1m (+2213181.4%), from €49 to €1.1m
- Reserves -€593,200
down €593,200 (-36.7%), from €1.6m to €1.0m
of which Distributable reserves: -€930,000
- Debts after one year -€115,522
down €115,522 (-42.4%), from €272,444 to €156,922
- Trade debts -€79,443
down €79,443 (-16.0%), from €495,940 to €416,498
- Tax, wage and social debts +€41,314
new in 2025: €41,314
- Gross operating margin -€161,643
down €161,643 (-13.1%), from €1.2m to €1.1m
- Financial charges -€117,719
down €117,719 (-89.1%), from €132,110 to €14,391
of which Non-recurring financial charges: -€119,400
- Depreciation +€36,858
up €36,858 (+24.4%), from €151,254 to €188,112
- Financial income +€23,048
up €23,048 (+90.2%), from €25,545 to €48,593
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 | €2,537,709 | €2,859,497 | +€321,788 | +12.7% |
| Fixed assets | 21/28 | €755,165 | €566,726 | -€188,440 | -25.0% |
| Intangible fixed assets | 21 | €28,000 | €24,000 | -€4,000 | -14.3% |
| Tangible fixed assets | 22/27 | €724,315 | €542,726 | -€181,590 | -25.1% |
| Plant, machinery and equipment | 23 | €111,219 | €76,664 | -€34,555 | -31.1% |
| Furniture and vehicles | 24 | €613,096 | €466,061 | -€147,035 | -24.0% |
| Financial fixed assets | 28 | €2,850 | - | -€2,850 | |
| Current assets | 29/58 | €1,782,543 | €2,292,771 | +€510,228 | +28.6% |
| Stocks and contracts in progress | 3 | €5,000 | €450,139 | +€445,139 | +8902.8% |
| Stocks | 30/36 | €5,000 | €450,139 | +€445,139 | +8902.8% |
| Amounts receivable within one year | 40/41 | €759,246 | €526,797 | -€232,449 | -30.6% |
| Trade receivables | 40 | €516,416 | €451,142 | -€65,274 | -12.6% |
| Other amounts receivable | 41 | €242,830 | €75,655 | -€167,175 | -68.8% |
| Current investments | 50/53 | €400,000 | €1,314,378 | +€914,378 | +228.6% |
| Cash at bank and in hand | 54/58 | €616,840 | €1,458 | -€615,382 | -99.8% |
| Deferred charges and accrued income | 490/1 | €1,458 | - | -€1,458 | |
| Total equity and liabilities | 10/49 | €2,537,709 | €2,859,497 | +€321,788 | +12.7% |
| Equity | 10/15 | €1,619,067 | €1,029,250 | -€589,817 | -36.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,616,800 | €1,023,600 | -€593,200 | -36.7% |
| Tax-exempt reserves | 132 | €336,800 | €673,600 | +€336,800 | +100.0% |
| Distributable reserves | 133 | €1,280,000 | €350,000 | -€930,000 | -72.7% |
| Profit (loss) carried forward | 14 | €1,267 | €4,650 | +€3,383 | +266.9% |
| Amounts payable | 17/49 | €918,641 | €1,830,246 | +€911,605 | +99.2% |
| Amounts payable after more than one year | 17 | €272,444 | €156,922 | -€115,522 | -42.4% |
| Financial debts | 170/4 | €272,444 | €156,922 | -€115,522 | -42.4% |
| Amounts payable within one year | 42/48 | €634,247 | €1,661,382 | +€1.0m | +161.9% |
| Current portion of amounts payable after more than one year | 42 | €138,258 | €115,522 | -€22,736 | -16.4% |
| Trade debts | 44 | €495,940 | €416,498 | -€79,443 | -16.0% |
| Suppliers | 440/4 | €495,940 | €416,498 | -€79,443 | -16.0% |
| Taxes, remuneration and social security | 45 | - | €41,314 | +€41,314 | |
| Taxes | 450/3 | - | €41,314 | +€41,314 | |
| Other amounts payable | 47/48 | €49 | €1,088,049 | +€1.1m | +2213181.4% |
| Accrued charges and deferred income | 492/3 | €11,950 | €11,942 | -€8 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,254 | €188,112 | +€36,858 | +24.4% |
| Other operating charges | 640/8 | €1,782 | €1,955 | +€174 | +9.7% |
| Non-recurring operating charges | 66A | - | €2,850 | +€2,850 | |
| Gross operating margin | 9900 | €1,236,295 | €1,074,652 | -€161,643 | -13.1% |
| Operating profit (loss) | 9901 | €1,083,259 | €881,735 | -€201,524 | -18.6% |
| Financial income | 75/76B | €25,545 | €48,593 | +€23,048 | +90.2% |
| Recurring financial income | 75 | €25,545 | €48,593 | +€23,048 | +90.2% |
| Financial charges | 65/66B | €132,110 | €14,391 | -€117,719 | -89.1% |
| Recurring financial charges | 65 | €12,710 | €14,391 | +€1,681 | +13.2% |
| Non-recurring financial charges | 66B | €119,400 | - | -€119,400 | |
| Profit (loss) for the period before taxes | 9903 | €976,694 | €915,937 | -€60,758 | -6.2% |
| Income taxes | 67/77 | €227,726 | €225,754 | -€1,972 | -0.9% |
| Profit (loss) for the period | 9904 | €748,968 | €690,183 | -€58,785 | -7.8% |
| Transfer to tax-exempt reserves | 689 | €336,800 | €336,800 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €412,168 | €353,383 | -€58,785 | -14.3% |
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 4 October 2026 via checked.be.