GEBOBE: 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.
GEBOBE
Largest movements
- Current investments -€2.7m
down €2.7m (-91.4%), from €2.9m to €250,126
- Financial fixed assets +€2.2m
up €2.2m (+119.5%), from €1.9m to €4.1m
- Other debts -€608,446
down €608,446 (-14.4%), from €4.2m to €3.6m
- Profit (loss) carried forward +€117,463
up €117,463 (+100.8%), from €116,554 to €234,017
- Financial income +€91,689
up €91,689 (+147.5%), from €62,144 to €153,833
- Taxes +€18,852
new in 2025: €18,852
- Gross operating margin -€7,860
down €7,860 (-18.2%), from €43,148 to €35,287
- Financial charges -€5,944
down €5,944 (-59.1%), from €10,053 to €4,108
- Other operating charges -€2,389
down €2,389 (-31.8%), from €7,513 to €5,124
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 | €5,098,377 | €4,592,084 | -€506,293 | -9.9% |
| Fixed assets | 21/28 | €2,097,355 | €4,286,452 | +€2.2m | +104.4% |
| Tangible fixed assets | 22/27 | €240,809 | €211,462 | -€29,347 | -12.2% |
| Land and buildings | 22 | €164,401 | €152,764 | -€11,637 | -7.1% |
| Plant, machinery and equipment | 23 | €6,263 | €11,935 | +€5,672 | +90.6% |
| Furniture and vehicles | 24 | €70,145 | €46,763 | -€23,382 | -33.3% |
| Financial fixed assets | 28 | €1,856,546 | €4,074,990 | +€2.2m | +119.5% |
| Current assets | 29/58 | €3,001,022 | €305,631 | -€2.7m | -89.8% |
| Amounts receivable within one year | 40/41 | €24,807 | €2,747 | -€22,060 | -88.9% |
| Trade receivables | 40 | €11,005 | €2,747 | -€8,258 | -75.0% |
| Other amounts receivable | 41 | €13,802 | - | -€13,802 | |
| Current investments | 50/53 | €2,900,126 | €250,126 | -€2.7m | -91.4% |
| Cash at bank and in hand | 54/58 | €73,451 | €50,107 | -€23,344 | -31.8% |
| Deferred charges and accrued income | 490/1 | €2,639 | €2,652 | +€13 | +0.5% |
| Total equity and liabilities | 10/49 | €5,098,377 | €4,592,084 | -€506,293 | -9.9% |
| Equity | 10/15 | €756,379 | €880,027 | +€123,648 | +16.3% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €39,825 | €46,010 | +€6,185 | +15.5% |
| Non-distributable reserves | 130/1 | €39,825 | €46,010 | +€6,185 | +15.5% |
| Legal reserve | 130 | €39,825 | €46,010 | +€6,185 | +15.5% |
| Profit (loss) carried forward | 14 | €116,554 | €234,017 | +€117,463 | +100.8% |
| Amounts payable | 17/49 | €4,341,998 | €3,712,056 | -€629,942 | -14.5% |
| Amounts payable after more than one year | 17 | €92,815 | €71,344 | -€21,471 | -23.1% |
| Financial debts | 170/4 | €92,815 | €71,344 | -€21,471 | -23.1% |
| Amounts payable within one year | 42/48 | €4,249,183 | €3,640,678 | -€608,506 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €20,684 | €21,471 | +€787 | +3.8% |
| Trade debts | 44 | €2,029 | €1,183 | -€846 | -41.7% |
| Suppliers | 440/4 | €2,029 | €1,183 | -€846 | -41.7% |
| Other amounts payable | 47/48 | €4,226,470 | €3,618,024 | -€608,446 | -14.4% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,584 | €37,388 | +€804 | +2.2% |
| Other operating charges | 640/8 | €7,513 | €5,124 | -€2,389 | -31.8% |
| Gross operating margin | 9900 | €43,148 | €35,287 | -€7,860 | -18.2% |
| Operating profit (loss) | 9901 | -€949 | -€7,225 | -€6,276 | -661.5% |
| Financial income | 75/76B | €62,144 | €153,833 | +€91,689 | +147.5% |
| Recurring financial income | 75 | €62,144 | €153,833 | +€91,689 | +147.5% |
| Financial charges | 65/66B | €10,053 | €4,108 | -€5,944 | -59.1% |
| Recurring financial charges | 65 | €10,053 | €4,108 | -€5,944 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €51,143 | €142,500 | +€91,357 | +178.6% |
| Income taxes | 67/77 | - | €18,852 | +€18,852 | |
| Profit (loss) for the period | 9904 | €51,143 | €123,648 | +€72,505 | +141.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,143 | €123,648 | +€72,505 | +141.8% |
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 6 October 2026 via checked.be.