GESBRA: 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.
GESBRA
Largest movements
- Tangible fixed assets -€5,203
down €5,203 (-9.0%), from €58,128 to €52,925
of which Land and buildings: -€4,652
- Cash -€3,211
down €3,211 (-14.9%), from €21,536 to €18,324
mainly Net result for the year (-€5,649) and Trade debts (-€4,056)
- Profit (loss) carried forward -€5,649
down €5,649 (-7.3%), from €77,133 to €71,484
- Trade debts -€4,056
down €4,056 (-95.9%), from €4,230 to €174
- Staff costs +€11,929
up €11,929 (+32.1%), from €37,159 to €49,088
- Gross operating margin +€4,200
up €4,200 (+8.0%), from €52,600 to €56,799
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 | €254,365 | €245,951 | -€8,414 | -3.3% |
| Fixed assets | 21/28 | €60,003 | €54,800 | -€5,203 | -8.7% |
| Tangible fixed assets | 22/27 | €58,128 | €52,925 | -€5,203 | -9.0% |
| Land and buildings | 22 | €56,640 | €51,988 | -€4,652 | -8.2% |
| Furniture and vehicles | 24 | €1,488 | €937 | -€551 | -37.1% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €194,362 | €191,151 | -€3,211 | -1.7% |
| Amounts receivable within one year | 40/41 | €172,827 | €172,827 | = | 0.0% |
| Other amounts receivable | 41 | €172,827 | €172,827 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,536 | €18,324 | -€3,211 | -14.9% |
| Total equity and liabilities | 10/49 | €254,365 | €245,951 | -€8,414 | -3.3% |
| Equity | 10/15 | €243,470 | €237,821 | -€5,649 | -2.3% |
| Contributions | 10/11 | €151,215 | €151,215 | = | 0.0% |
| Reserves | 13 | €15,122 | €15,122 | = | 0.0% |
| Distributable reserves | 133 | €15,122 | €15,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,133 | €71,484 | -€5,649 | -7.3% |
| Amounts payable | 17/49 | €10,895 | €8,130 | -€2,765 | -25.4% |
| Amounts payable within one year | 42/48 | €10,895 | €8,130 | -€2,765 | -25.4% |
| Trade debts | 44 | €4,230 | €174 | -€4,056 | -95.9% |
| Suppliers | 440/4 | €4,230 | €174 | -€4,056 | -95.9% |
| Taxes, remuneration and social security | 45 | €4,152 | €5,488 | +€1,336 | +32.2% |
| Remuneration and social security | 454/9 | €4,152 | €5,488 | +€1,336 | +32.2% |
| Other amounts payable | 47/48 | €2,513 | €2,468 | -€45 | -1.8% |
| Remuneration, social security and pensions | 62 | €37,159 | €49,088 | +€11,929 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,485 | €8,988 | +€504 | +5.9% |
| Other operating charges | 640/8 | €4,587 | €4,331 | -€256 | -5.6% |
| Gross operating margin | 9900 | €52,600 | €56,799 | +€4,200 | +8.0% |
| Operating profit (loss) | 9901 | €2,370 | -€5,608 | -€7,978 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +7185.7% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +7185.7% |
| Financial charges | 65/66B | €88 | €46 | -€42 | -47.4% |
| Recurring financial charges | 65 | €88 | €46 | -€42 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €2,282 | -€5,649 | -€7,931 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | +33.3% |
| Profit (loss) for the period | 9904 | €2,282 | -€5,649 | -€7,931 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,282 | -€5,649 | -€7,931 |
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 9 October 2026 via checked.be.