GEBOS: 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.
GEBOS
Largest movements
- Cash +€99,430
up €99,430 (+62.8%), from €158,294 to €257,724
mainly Depreciation (+€67,280) and Net result for the year (+€60,508)
- Tangible fixed assets -€52,578
down €52,578 (-14.4%), from €365,183 to €312,604
of which Furniture and vehicles: -€30,556
- Intangible fixed assets -€11,059
down €11,059 (-25.0%), from €44,235 to €33,176
- Reserves +€60,508
up €60,508 (+34.8%), from €174,061 to €234,569
- Debts after one year -€28,682
down €28,682 (-27.9%), from €102,672 to €73,990
- Tax, wage and social debts +€15,367
up €15,367 (+29.5%), from €52,088 to €67,456
of which Taxes: +€11,140
- Short-term financial debts -€9,648
down €9,648 (-17.1%), from €56,383 to €46,735
- Other debts -€7,475
down €7,475 (-9.2%), from €81,488 to €74,014
- Gross operating margin +€92,646
up €92,646 (+24.3%), from €381,373 to €474,019
- Staff costs +€43,268
up €43,268 (+17.3%), from €250,418 to €293,686
- Taxes +€13,111
up €13,111 (+107.4%), from €12,205 to €25,317
- Depreciation +€5,240
up €5,240 (+8.4%), from €62,041 to €67,280
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 | €605,622 | €635,073 | +€29,451 | +4.9% |
| Fixed assets | 21/28 | €424,803 | €361,166 | -€63,637 | -15.0% |
| Intangible fixed assets | 21 | €44,235 | €33,176 | -€11,059 | -25.0% |
| Tangible fixed assets | 22/27 | €365,183 | €312,604 | -€52,578 | -14.4% |
| Land and buildings | 22 | €275,806 | €253,941 | -€21,864 | -7.9% |
| Plant, machinery and equipment | 23 | €9,283 | €9,125 | -€158 | -1.7% |
| Furniture and vehicles | 24 | €80,094 | €49,538 | -€30,556 | -38.1% |
| Financial fixed assets | 28 | €15,385 | €15,385 | = | 0.0% |
| Current assets | 29/58 | €180,819 | €273,907 | +€93,088 | +51.5% |
| Stocks and contracts in progress | 3 | €7,179 | €1,158 | -€6,022 | -83.9% |
| Stocks | 30/36 | €7,179 | €1,158 | -€6,022 | -83.9% |
| Amounts receivable within one year | 40/41 | €10,107 | €11,311 | +€1,204 | +11.9% |
| Trade receivables | 40 | €5,173 | €6,883 | +€1,709 | +33.0% |
| Other amounts receivable | 41 | €4,933 | €4,428 | -€505 | -10.2% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,294 | €257,724 | +€99,430 | +62.8% |
| Deferred charges and accrued income | 490/1 | €5,238 | €3,714 | -€1,523 | -29.1% |
| Total equity and liabilities | 10/49 | €605,622 | €635,073 | +€29,451 | +4.9% |
| Equity | 10/15 | €252,258 | €312,766 | +€60,508 | +24.0% |
| Contributions | 10/11 | €78,197 | €78,197 | = | 0.0% |
| Reserves | 13 | €174,061 | €234,569 | +€60,508 | +34.8% |
| Distributable reserves | 133 | €174,061 | €234,569 | +€60,508 | +34.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €353,363 | €322,307 | -€31,056 | -8.8% |
| Amounts payable after more than one year | 17 | €102,672 | €73,990 | -€28,682 | -27.9% |
| Financial debts | 170/4 | €102,672 | €73,990 | -€28,682 | -27.9% |
| Amounts payable within one year | 42/48 | €249,121 | €241,752 | -€7,369 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €120 | €120 | = | 0.0% |
| Financial debts | 43 | €56,383 | €46,735 | -€9,648 | -17.1% |
| Credit institutions | 430/8 | €56,383 | €46,735 | -€9,648 | -17.1% |
| Trade debts | 44 | €59,041 | €53,427 | -€5,614 | -9.5% |
| Suppliers | 440/4 | €59,041 | €53,427 | -€5,614 | -9.5% |
| Taxes, remuneration and social security | 45 | €52,088 | €67,456 | +€15,367 | +29.5% |
| Taxes | 450/3 | €25,038 | €36,178 | +€11,140 | +44.5% |
| Remuneration and social security | 454/9 | €27,050 | €31,278 | +€4,228 | +15.6% |
| Other amounts payable | 47/48 | €81,488 | €74,014 | -€7,475 | -9.2% |
| Accrued charges and deferred income | 492/3 | €1,570 | €6,565 | +€4,994 | +318.0% |
| Remuneration, social security and pensions | 62 | €250,418 | €293,686 | +€43,268 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,041 | €67,280 | +€5,240 | +8.4% |
| Other operating charges | 640/8 | €10,722 | €10,744 | +€22 | +0.2% |
| Non-recurring operating charges | 66A | €5,000 | €0 | -€5,000 | -100.0% |
| Gross operating margin | 9900 | €381,373 | €474,019 | +€92,646 | +24.3% |
| Operating profit (loss) | 9901 | €53,192 | €102,308 | +€49,116 | +92.3% |
| Financial income | 75/76B | €0 | €162 | +€162 | |
| Recurring financial income | 75 | €0 | €162 | +€162 | |
| Financial charges | 65/66B | €14,990 | €16,646 | +€1,656 | +11.0% |
| Recurring financial charges | 65 | €14,990 | €16,646 | +€1,656 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €38,202 | €85,825 | +€47,623 | +124.7% |
| Income taxes | 67/77 | €12,205 | €25,317 | +€13,111 | +107.4% |
| Profit (loss) for the period | 9904 | €25,996 | €60,508 | +€34,511 | +132.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,996 | €60,508 | +€34,511 | +132.8% |
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 7 October 2026 via checked.be.