GJB: 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.
GJB
Largest movements
- Receivables within one year +€8,636
up €8,636 (+20.2%), from €42,773 to €51,409
of which Trade receivables: +€4,477
- Deferred charges and accrued income +€2,498
up €2,498 (+2,044%), from €122 to €2,620
- Tangible fixed assets -€1,452
down €1,452 (-6.9%), from €21,054 to €19,602
of which Land and buildings: -€2,469
- Reserves +€14,650
up €14,650 (+68.7%), from €21,340 to €35,990
- Debts after one year -€10,438
down €10,438 (-54.7%), from €19,069 to €8,631
- Other debts +€4,888
up €4,888 (+42.3%), from €11,556 to €16,444
- Accrued charges and deferred income -€1,666
no longer reported in 2025 (was €1,666)
- Gross operating margin -€4,457
down €4,457 (-15.0%), from €29,667 to €25,211
- Taxes -€2,088
down €2,088 (-28.0%), from €7,464 to €5,376
- Financial income +€359
up €359 (+206%), from €174 to €534
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 | €99,773 | €108,914 | +€9,142 | +9.2% |
| Fixed assets | 21/28 | €21,054 | €19,602 | -€1,452 | -6.9% |
| Tangible fixed assets | 22/27 | €21,054 | €19,602 | -€1,452 | -6.9% |
| Land and buildings | 22 | €19,754 | €17,284 | -€2,469 | -12.5% |
| Plant, machinery and equipment | 23 | €396 | €1,974 | +€1,578 | +398% |
| Furniture and vehicles | 24 | €905 | €343 | -€561 | -62.1% |
| Current assets | 29/58 | €78,718 | €89,313 | +€10,594 | +13.5% |
| Amounts receivable within one year | 40/41 | €42,773 | €51,409 | +€8,636 | +20.2% |
| Trade receivables | 40 | €42,773 | €47,251 | +€4,477 | +10.5% |
| Other amounts receivable | 41 | - | €4,159 | +€4,159 | |
| Current investments | 50/53 | €17,805 | €18,163 | +€358 | +2.0% |
| Cash at bank and in hand | 54/58 | €18,018 | €17,121 | -€898 | -5.0% |
| Deferred charges and accrued income | 490/1 | €122 | €2,620 | +€2,498 | +2,044% |
| Total equity and liabilities | 10/49 | €99,773 | €108,914 | +€9,142 | +9.2% |
| Equity | 10/15 | €39,964 | €54,675 | +€14,711 | +36.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,340 | €35,990 | +€14,650 | +68.7% |
| Distributable reserves | 133 | €21,340 | €35,990 | +€14,650 | +68.7% |
| Profit (loss) carried forward | 14 | €24 | €85 | +€61 | +259% |
| Amounts payable | 17/49 | €59,809 | €54,240 | -€5,569 | -9.3% |
| Amounts payable after more than one year | 17 | €19,069 | €8,631 | -€10,438 | -54.7% |
| Financial debts | 170/4 | €19,069 | €8,631 | -€10,438 | -54.7% |
| Amounts payable within one year | 42/48 | €39,074 | €45,609 | +€6,535 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €10,142 | €10,438 | +€297 | +2.9% |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €6,777 | €7,134 | +€357 | +5.3% |
| Suppliers | 440/4 | €6,777 | €7,134 | +€357 | +5.3% |
| Taxes, remuneration and social security | 45 | €10,598 | €11,592 | +€994 | +9.4% |
| Taxes | 450/3 | €10,598 | €11,592 | +€994 | +9.4% |
| Other amounts payable | 47/48 | €11,556 | €16,444 | +€4,888 | +42.3% |
| Accrued charges and deferred income | 492/3 | €1,666 | - | -€1,666 | |
| Non-recurring operating income | 76A | - | €5,785 | +€5,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,672 | €3,434 | -€238 | -6.5% |
| Other operating charges | 640/8 | €896 | €852 | -€43 | -4.8% |
| Non-recurring operating charges | 66A | €144 | €312 | +€167 | +116% |
| Gross operating margin | 9900 | €29,667 | €25,211 | -€4,457 | -15.0% |
| Operating profit (loss) | 9901 | €24,955 | €20,612 | -€4,343 | -17.4% |
| Financial income | 75/76B | €174 | €534 | +€359 | +206% |
| Recurring financial income | 75 | €174 | €534 | +€359 | +206% |
| Financial charges | 65/66B | €1,265 | €1,059 | -€206 | -16.3% |
| Recurring financial charges | 65 | €1,265 | €1,059 | -€206 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €23,864 | €20,087 | -€3,777 | -15.8% |
| Income taxes | 67/77 | €7,464 | €5,376 | -€2,088 | -28.0% |
| Profit (loss) for the period | 9904 | €16,400 | €14,711 | -€1,689 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,400 | €14,711 | -€1,689 | -10.3% |
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.