GERY BOMBEKE: 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.
GERY BOMBEKE
Largest movements
- Receivables within one year +€226,552
up €226,552 (+38.6%), from €587,457 to €814,009
of which Other amounts receivable: +€233,911
- Cash -€219,379
down €219,379 (-36.5%), from €601,364 to €381,984
mainly Contributions, distributions and other (-€341,447) and Receivables within one year (-€226,552)
- Receivables after one year +€164,068
up €164,068 (+32.9%), from €498,214 to €662,282
- Reserves +€223,533
up €223,533 (+9.2%), from €2.4m to €2.6m
of which Distributable reserves: +€223,533
- Debts after one year -€88,952
down €88,952 (-10.3%), from €866,945 to €777,993
- Gross operating margin +€104,853
up €104,853 (+12.9%), from €815,122 to €919,975
- Taxes +€51,014
up €51,014 (+23.7%), from €214,841 to €265,855
- Financial income +€17,380
up €17,380 (+70.7%), from €24,595 to €41,974
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 | €3,531,736 | €3,681,606 | +€149,870 | +4.2% |
| Fixed assets | 21/28 | €1,839,004 | €1,818,240 | -€20,763 | -1.1% |
| Tangible fixed assets | 22/27 | €1,837,268 | €1,816,505 | -€20,763 | -1.1% |
| Land and buildings | 22 | €1,290,413 | €1,254,570 | -€35,843 | -2.8% |
| Plant, machinery and equipment | 23 | €480,965 | €478,807 | -€2,158 | -0.4% |
| Furniture and vehicles | 24 | €14,794 | €12,131 | -€2,663 | -18.0% |
| Other tangible fixed assets | 26 | €51,096 | €70,996 | +€19,900 | +38.9% |
| Financial fixed assets | 28 | €1,735 | €1,735 | = | 0.0% |
| Current assets | 29/58 | €1,692,732 | €1,863,366 | +€170,634 | +10.1% |
| Amounts receivable after more than one year | 29 | €498,214 | €662,282 | +€164,068 | +32.9% |
| Other amounts receivable | 291 | €498,214 | €662,282 | +€164,068 | +32.9% |
| Amounts receivable within one year | 40/41 | €587,457 | €814,009 | +€226,552 | +38.6% |
| Trade receivables | 40 | €7,359 | €0 | -€7,359 | -100% |
| Other amounts receivable | 41 | €580,099 | €814,009 | +€233,911 | +40.3% |
| Cash at bank and in hand | 54/58 | €601,364 | €381,984 | -€219,379 | -36.5% |
| Deferred charges and accrued income | 490/1 | €5,698 | €5,090 | -€608 | -10.7% |
| Total equity and liabilities | 10/49 | €3,531,736 | €3,681,606 | +€149,870 | +4.2% |
| Equity | 10/15 | €2,501,010 | €2,724,544 | +€223,534 | +8.9% |
| Contributions | 10/11 | €83,000 | €83,000 | = | 0.0% |
| Reserves | 13 | €2,418,000 | €2,641,533 | +€223,533 | +9.2% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €2,291,700 | €2,515,233 | +€223,533 | +9.8% |
| Profit (loss) carried forward | 14 | €10 | €12 | +€1 | +14.4% |
| Amounts payable | 17/49 | €1,030,725 | €957,062 | -€73,664 | -7.1% |
| Amounts payable after more than one year | 17 | €866,945 | €777,993 | -€88,952 | -10.3% |
| Financial debts | 170/4 | €866,945 | €777,993 | -€88,952 | -10.3% |
| Amounts payable within one year | 42/48 | €161,774 | €179,069 | +€17,294 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €86,945 | €88,952 | +€2,007 | +2.3% |
| Trade debts | 44 | €11,542 | €14,278 | +€2,736 | +23.7% |
| Suppliers | 440/4 | €11,542 | €14,278 | +€2,736 | +23.7% |
| Taxes, remuneration and social security | 45 | €63,287 | €75,838 | +€12,552 | +19.8% |
| Taxes | 450/3 | €60,851 | €70,926 | +€10,075 | +16.6% |
| Remuneration and social security | 454/9 | €2,436 | €4,913 | +€2,477 | +102% |
| Accrued charges and deferred income | 492/3 | €2,006 | €0 | -€2,006 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,665 | €98,197 | +€5,532 | +6.0% |
| Other operating charges | 640/8 | €5,814 | €6,139 | +€325 | +5.6% |
| Gross operating margin | 9900 | €815,122 | €919,975 | +€104,853 | +12.9% |
| Operating profit (loss) | 9901 | €716,643 | €815,640 | +€98,996 | +13.8% |
| Financial income | 75/76B | €24,595 | €41,974 | +€17,380 | +70.7% |
| Recurring financial income | 75 | €24,595 | €41,974 | +€17,380 | +70.7% |
| Financial charges | 65/66B | €22,086 | €26,778 | +€4,692 | +21.2% |
| Recurring financial charges | 65 | €22,086 | €26,778 | +€4,692 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €719,152 | €830,836 | +€111,684 | +15.5% |
| Income taxes | 67/77 | €214,841 | €265,855 | +€51,014 | +23.7% |
| Profit (loss) for the period | 9904 | €504,312 | €564,981 | +€60,670 | +12.0% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €0 | -€126,300 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €378,012 | €564,981 | +€186,970 | +49.5% |
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 17 October 2026 via checked.be.