GEBRADO: 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.
GEBRADO
Largest movements
- Current investments +€93,377
up €93,377 (+146%), from €64,126 to €157,502
- Receivables within one year -€52,842
down €52,842 (-52.4%), from €100,793 to €47,951
of which Trade receivables: -€52,298
- Cash -€42,848
down €42,848 (-16.2%), from €264,629 to €221,781
mainly Investment in fixed assets (net) (-€100,938) and Current investments (-€93,377)
- Profit (loss) carried forward +€24,131
up €24,131 (+12.4%), from €194,838 to €218,970
- Trade debts -€10,443
down €10,443 (-54.9%), from €19,013 to €8,569
- Other operating charges +€31,416
up €31,416 (+3,182%), from €987 to €32,404
- Depreciation +€19,967
up €19,967 (+27.0%), from €73,818 to €93,785
- Gross operating margin -€15,501
down €15,501 (-8.8%), from €176,200 to €160,699
- Staff costs +€3,933
up €3,933 (+177%), from €2,225 to €6,158
- Taxes -€3,396
down €3,396 (-36.6%), from €9,267 to €5,871
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 | €761,218 | €766,197 | +€4,979 | +0.7% |
| Fixed assets | 21/28 | €327,856 | €335,009 | +€7,153 | +2.2% |
| Tangible fixed assets | 22/27 | €327,856 | €335,009 | +€7,153 | +2.2% |
| Land and buildings | 22 | €9,005 | €7,994 | -€1,011 | -11.2% |
| Plant, machinery and equipment | 23 | €138,428 | €135,156 | -€3,272 | -2.4% |
| Furniture and vehicles | 24 | €180,423 | €191,859 | +€11,436 | +6.3% |
| Current assets | 29/58 | €433,362 | €431,188 | -€2,174 | -0.5% |
| Stocks and contracts in progress | 3 | €1,568 | €1,568 | = | 0.0% |
| Stocks | 30/36 | €1,568 | €1,568 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,793 | €47,951 | -€52,842 | -52.4% |
| Trade receivables | 40 | €94,999 | €42,701 | -€52,298 | -55.1% |
| Other amounts receivable | 41 | €5,794 | €5,249 | -€544 | -9.4% |
| Current investments | 50/53 | €64,126 | €157,502 | +€93,377 | +146% |
| Cash at bank and in hand | 54/58 | €264,629 | €221,781 | -€42,848 | -16.2% |
| Deferred charges and accrued income | 490/1 | €2,247 | €2,387 | +€140 | +6.2% |
| Total equity and liabilities | 10/49 | €761,218 | €766,197 | +€4,979 | +0.7% |
| Equity | 10/15 | €202,897 | €227,029 | +€24,131 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,838 | €218,970 | +€24,131 | +12.4% |
| Amounts payable | 17/49 | €558,321 | €539,168 | -€19,153 | -3.4% |
| Amounts payable within one year | 42/48 | €558,321 | €539,168 | -€19,153 | -3.4% |
| Trade debts | 44 | €19,013 | €8,569 | -€10,443 | -54.9% |
| Suppliers | 440/4 | €19,013 | €8,569 | -€10,443 | -54.9% |
| Taxes, remuneration and social security | 45 | €3,436 | €303 | -€3,134 | -91.2% |
| Taxes | 450/3 | €1,767 | €0 | -€1,767 | -100% |
| Remuneration and social security | 454/9 | €1,670 | €303 | -€1,367 | -81.9% |
| Other amounts payable | 47/48 | €535,872 | €530,296 | -€5,576 | -1.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,225 | €6,158 | +€3,933 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,818 | €93,785 | +€19,967 | +27.0% |
| Other operating charges | 640/8 | €987 | €32,404 | +€31,416 | +3,182% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €176,200 | €160,699 | -€15,501 | -8.8% |
| Operating profit (loss) | 9901 | €99,169 | €28,352 | -€70,817 | -71.4% |
| Financial income | 75/76B | €0 | €1,697 | +€1,697 | |
| Recurring financial income | 75 | €0 | €1,697 | +€1,697 | |
| Financial charges | 65/66B | €35 | €47 | +€12 | +35.1% |
| Recurring financial charges | 65 | €35 | €47 | +€12 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €99,134 | €30,002 | -€69,132 | -69.7% |
| Income taxes | 67/77 | €9,267 | €5,871 | -€3,396 | -36.6% |
| Profit (loss) for the period | 9904 | €89,867 | €24,131 | -€65,736 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,867 | €24,131 | -€65,736 | -73.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.