GEBRU: 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.
GEBRU
Largest movements
- Tangible fixed assets +€33,517
up €33,517 (+4.7%), from €716,285 to €749,802
of which Land and buildings: +€33,018
- Receivables within one year -€17,717
down €17,717 (-68.5%), from €25,869 to €8,152
- Other debts +€89,648
new in 2025: €89,648
- Profit (loss) carried forward -€54,866
down €54,866 (-4.9%), from -€1.1m to -€1.2m
- Trade debts -€15,511
down €15,511 (-71.7%), from €21,626 to €6,116
- Gross operating margin -€7,316
down €7,316 (-32.8%), from €22,273 to €14,956
- Other operating charges +€5,373
up €5,373 (+27.4%), from €19,622 to €24,996
- Depreciation +€4,842
up €4,842 (+12.6%), from €38,327 to €43,169
- Financial income -€609
down €609 (-100.0%), from €609 to €0
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 | €775,091 | €792,350 | +€17,258 | +2.2% |
| Fixed assets | 21/28 | €716,285 | €749,802 | +€33,517 | +4.7% |
| Tangible fixed assets | 22/27 | €716,285 | €749,802 | +€33,517 | +4.7% |
| Land and buildings | 22 | €669,633 | €702,651 | +€33,018 | +4.9% |
| Plant, machinery and equipment | 23 | €28,966 | €29,465 | +€499 | +1.7% |
| Furniture and vehicles | 24 | €17,686 | €17,686 | = | 0.0% |
| Current assets | 29/58 | €58,806 | €42,548 | -€16,259 | -27.6% |
| Amounts receivable within one year | 40/41 | €25,869 | €8,152 | -€17,717 | -68.5% |
| Other amounts receivable | 41 | €25,869 | €8,152 | -€17,717 | -68.5% |
| Cash at bank and in hand | 54/58 | €32,937 | €30,795 | -€2,142 | -6.5% |
| Deferred charges and accrued income | 490/1 | - | €3,600 | +€3,600 | |
| Total equity and liabilities | 10/49 | €775,091 | €792,350 | +€17,258 | +2.2% |
| Equity | 10/15 | €750,494 | €695,628 | -€54,866 | -7.3% |
| Contributions | 10/11 | €1,875,562 | €1,875,562 | = | 0.0% |
| Capital | 10 | €1,875,562 | €1,875,562 | = | 0.0% |
| Issued capital | 100 | €1,875,562 | €1,875,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,125,069 | -€1,179,935 | -€54,866 | -4.9% |
| Amounts payable | 17/49 | €24,598 | €96,722 | +€72,124 | +293.2% |
| Amounts payable within one year | 42/48 | €23,848 | €96,722 | +€72,874 | +305.6% |
| Trade debts | 44 | €21,626 | €6,116 | -€15,511 | -71.7% |
| Suppliers | 440/4 | €21,626 | €6,116 | -€15,511 | -71.7% |
| Taxes, remuneration and social security | 45 | €2,221 | €958 | -€1,263 | -56.9% |
| Taxes | 450/3 | €2,013 | €750 | -€1,263 | -62.7% |
| Remuneration and social security | 454/9 | €208 | €208 | = | 0.0% |
| Other amounts payable | 47/48 | - | €89,648 | +€89,648 | |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,327 | €43,169 | +€4,842 | +12.6% |
| Other operating charges | 640/8 | €19,622 | €24,996 | +€5,373 | +27.4% |
| Gross operating margin | 9900 | €22,273 | €14,956 | -€7,316 | -32.8% |
| Operating profit (loss) | 9901 | -€35,677 | -€53,209 | -€17,531 | -49.1% |
| Financial income | 75/76B | €609 | €0 | -€609 | -100.0% |
| Recurring financial income | 75 | €609 | €0 | -€609 | -100.0% |
| Financial charges | 65/66B | €1,515 | €1,658 | +€143 | +9.4% |
| Recurring financial charges | 65 | €1,515 | €1,658 | +€143 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,583 | -€54,866 | -€18,283 | -50.0% |
| Profit (loss) for the period | 9904 | -€36,583 | -€54,866 | -€18,283 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,583 | -€54,866 | -€18,283 | -50.0% |
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 2 October 2026 via checked.be.