GEBRON: 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.
GEBRON
Largest movements
- Tangible fixed assets -€215,331
down €215,331 (-21.4%), from €1.0m to €792,116
of which Furniture and vehicles: -€137,821
- Receivables within one year +€167,145
up €167,145 (+96.7%), from €172,923 to €340,068
of which Trade receivables: +€228,028
- Cash -€36,936
down €36,936 (-11.7%), from €314,502 to €277,566
mainly Receivables within one year (-€167,145) and Trade debts (-€65,453)
- Deferred charges and accrued income +€22,798
up €22,798 (+284%), from €8,038 to €30,836
- Profit (loss) carried forward +€84,704
up €84,704 (+46.0%), from -€183,998 to -€99,294
- Trade debts -€65,453
down €65,453 (-45.8%), from €142,956 to €77,502
- Reserves -€42,529
down €42,529 (-3.0%), from €1.4m to €1.4m
of which Tax-exempt reserves: -€42,529
- Current portion of long-term debt -€27,000
down €27,000 (-60.0%), from €45,019 to €18,019
- Tax, wage and social debts +€20,149
new in 2025: €20,149
- Gross operating margin +€238,542
up €238,542 (+1,475%), from €16,175 to €254,717
- Depreciation +€51,129
up €51,129 (+31.1%), from €164,202 to €215,331
- Other operating charges +€7,553
new in 2025: €7,553
- Financial charges -€4,244
down €4,244 (-75.4%), from €5,632 to €1,388
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 | €1,502,910 | €1,440,586 | -€62,324 | -4.1% |
| Fixed assets | 21/28 | €1,007,448 | €792,116 | -€215,331 | -21.4% |
| Tangible fixed assets | 22/27 | €1,007,448 | €792,116 | -€215,331 | -21.4% |
| Land and buildings | 22 | €90,410 | €90,410 | = | 0.0% |
| Plant, machinery and equipment | 23 | €46,763 | €1,732 | -€45,031 | -96.3% |
| Furniture and vehicles | 24 | €740,356 | €602,536 | -€137,821 | -18.6% |
| Leasing and similar rights | 25 | €129,918 | €97,438 | -€32,479 | -25.0% |
| Current assets | 29/58 | €495,463 | €648,470 | +€153,007 | +30.9% |
| Amounts receivable within one year | 40/41 | €172,923 | €340,068 | +€167,145 | +96.7% |
| Trade receivables | 40 | €59,305 | €287,333 | +€228,028 | +385% |
| Other amounts receivable | 41 | €113,618 | €52,735 | -€60,883 | -53.6% |
| Cash at bank and in hand | 54/58 | €314,502 | €277,566 | -€36,936 | -11.7% |
| Deferred charges and accrued income | 490/1 | €8,038 | €30,836 | +€22,798 | +284% |
| Total equity and liabilities | 10/49 | €1,502,910 | €1,440,586 | -€62,324 | -4.1% |
| Equity | 10/15 | €1,250,740 | €1,292,915 | +€42,175 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,414,738 | €1,372,209 | -€42,529 | -3.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €128,568 | €86,039 | -€42,529 | -33.1% |
| Distributable reserves | 133 | €1,284,170 | €1,284,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,998 | -€99,294 | +€84,704 | +46.0% |
| Provisions and deferred taxes | 16 | €46,177 | €32,001 | -€14,176 | -30.7% |
| Deferred taxes | 168 | €46,177 | €32,001 | -€14,176 | -30.7% |
| Amounts payable | 17/49 | €205,993 | €115,670 | -€90,323 | -43.8% |
| Amounts payable after more than one year | 17 | €18,019 | - | -€18,019 | |
| Financial debts | 170/4 | €18,019 | - | -€18,019 | |
| Amounts payable within one year | 42/48 | €187,974 | €115,670 | -€72,304 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €45,019 | €18,019 | -€27,000 | -60.0% |
| Trade debts | 44 | €142,956 | €77,502 | -€65,453 | -45.8% |
| Suppliers | 440/4 | €142,956 | €77,502 | -€65,453 | -45.8% |
| Taxes, remuneration and social security | 45 | - | €20,149 | +€20,149 | |
| Taxes | 450/3 | - | €20,149 | +€20,149 | |
| Remuneration, social security and pensions | 62 | €4,854 | €4,854 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,202 | €215,331 | +€51,129 | +31.1% |
| Other operating charges | 640/8 | - | €7,553 | +€7,553 | |
| Gross operating margin | 9900 | €16,175 | €254,717 | +€238,542 | +1,475% |
| Operating profit (loss) | 9901 | -€152,881 | €26,979 | +€179,860 | |
| Financial income | 75/76B | €0 | €2,408 | +€2,408 | +963,140% |
| Recurring financial income | 75 | €0 | €2,408 | +€2,408 | +963,140% |
| Financial charges | 65/66B | €5,632 | €1,388 | -€4,244 | -75.4% |
| Recurring financial charges | 65 | €5,632 | €1,388 | -€4,244 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | -€158,513 | €27,999 | +€186,512 | |
| Transfer from deferred taxes | 780 | €14,176 | €14,176 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€144,336 | €42,175 | +€186,512 | |
| Transfer from tax-exempt reserves | 789 | €42,529 | €42,529 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,808 | €84,704 | +€186,512 |
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 29 October 2026 via checked.be.