GEBUCON: 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.
GEBUCON
Largest movements
- Tangible fixed assets -€46,629
down €46,629 (-4.2%), from €1.1m to €1.1m
of which Land and buildings: -€44,221
- Reserves -€36,920
down €36,920 (-3.3%), from €1.1m to €1.1m
of which Distributable reserves: -€35,061
- Financial income -€46,465
down €46,465 (-99.5%), from €46,683 to €218
- Gross operating margin -€18,259
down €18,259 (-50.7%), from €36,016 to €17,757
- Depreciation -€959
down €959 (-2.0%), from €47,588 to €46,629
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 | €1,178,307 | €1,142,824 | -€35,483 | -3.0% |
| Fixed assets | 21/28 | €1,115,147 | €1,068,518 | -€46,629 | -4.2% |
| Tangible fixed assets | 22/27 | €1,115,147 | €1,068,518 | -€46,629 | -4.2% |
| Land and buildings | 22 | €1,108,928 | €1,064,706 | -€44,221 | -4.0% |
| Furniture and vehicles | 24 | €6,219 | €3,811 | -€2,408 | -38.7% |
| Current assets | 29/58 | €63,160 | €74,306 | +€11,147 | +17.6% |
| Amounts receivable within one year | 40/41 | €2,531 | €11,222 | +€8,690 | +343.3% |
| Other amounts receivable | 41 | €2,531 | €11,222 | +€8,690 | +343.3% |
| Current investments | 50/53 | €3,436 | €3,436 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,884 | €57,663 | +€2,780 | +5.1% |
| Deferred charges and accrued income | 490/1 | €2,309 | €1,985 | -€323 | -14.0% |
| Total equity and liabilities | 10/49 | €1,178,307 | €1,142,824 | -€35,483 | -3.0% |
| Equity | 10/15 | €1,141,766 | €1,104,847 | -€36,920 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,135,566 | €1,098,646 | -€36,920 | -3.3% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €1,133,707 | €1,098,646 | -€35,061 | -3.1% |
| Amounts payable | 17/49 | €36,540 | €37,977 | +€1,437 | +3.9% |
| Amounts payable within one year | 42/48 | €36,540 | €35,134 | -€1,406 | -3.8% |
| Trade debts | 44 | €400 | €548 | +€148 | +37.1% |
| Suppliers | 440/4 | €400 | €548 | +€148 | +37.1% |
| Taxes, remuneration and social security | 45 | €1,899 | €344 | -€1,554 | -81.9% |
| Taxes | 450/3 | €1,899 | €344 | -€1,554 | -81.9% |
| Other amounts payable | 47/48 | €34,242 | €34,242 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,843 | +€2,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,588 | €46,629 | -€959 | -2.0% |
| Other operating charges | 640/8 | €8,137 | €7,878 | -€259 | -3.2% |
| Gross operating margin | 9900 | €36,016 | €17,757 | -€18,259 | -50.7% |
| Operating profit (loss) | 9901 | -€19,710 | -€36,751 | -€17,041 | -86.5% |
| Financial income | 75/76B | €46,683 | €218 | -€46,465 | -99.5% |
| Recurring financial income | 75 | €46,683 | €218 | -€46,465 | -99.5% |
| Financial charges | 65/66B | €109 | €112 | +€3 | +2.9% |
| Recurring financial charges | 65 | €109 | €112 | +€3 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €26,864 | -€36,645 | -€63,509 | |
| Income taxes | 67/77 | €534 | €275 | -€259 | -48.5% |
| Profit (loss) for the period | 9904 | €26,331 | -€36,920 | -€63,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,331 | -€36,920 | -€63,250 |
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 12 October 2026 via checked.be.