GREAT BEAR: 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.
GREAT BEAR
Largest movements
- Receivables within one year -€191,595
down €191,595 (-41.4%), from €462,295 to €270,700
of which Trade receivables: -€193,151
- Stocks and contracts +€92,814
up €92,814 (+282%), from €32,856 to €125,670
- Trade debts -€137,171
down €137,171 (-36.2%), from €379,186 to €242,015
- Profit (loss) carried forward +€37,270
up €37,270 (+19.9%), from -€186,936 to -€149,666
- Other debts -€6,826
down €6,826 (-11.1%), from €61,569 to €54,743
- Tax, wage and social debts +€6,441
up €6,441 (+34.9%), from €18,470 to €24,910
of which Remuneration and social security: +€3,933
- Financial charges +€8,824
up €8,824 (+142%), from €6,231 to €15,055
- Staff costs -€4,706
down €4,706 (-70.3%), from €6,695 to €1,988
- Financial income -€2,137
down €2,137 (-75.8%), from €2,818 to €682
- Gross operating margin +€1,484
up €1,484 (+2.2%), from €68,402 to €69,886
- Taxes -€1,124
down €1,124 (-9.2%), from €12,190 to €11,065
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 | €539,579 | €439,292 | -€100,287 | -18.6% |
| Fixed assets | 21/28 | €13,617 | €9,307 | -€4,310 | -31.7% |
| Tangible fixed assets | 22/27 | €13,617 | €9,307 | -€4,310 | -31.7% |
| Furniture and vehicles | 24 | €13,617 | €9,307 | -€4,310 | -31.7% |
| Current assets | 29/58 | €525,962 | €429,985 | -€95,977 | -18.2% |
| Stocks and contracts in progress | 3 | €32,856 | €125,670 | +€92,814 | +282% |
| Stocks | 30/36 | €32,856 | €125,670 | +€92,814 | +282% |
| Amounts receivable within one year | 40/41 | €462,295 | €270,700 | -€191,595 | -41.4% |
| Trade receivables | 40 | €199,813 | €6,663 | -€193,151 | -96.7% |
| Other amounts receivable | 41 | €262,482 | €264,038 | +€1,556 | +0.6% |
| Cash at bank and in hand | 54/58 | €30,810 | €33,615 | +€2,805 | +9.1% |
| Total equity and liabilities | 10/49 | €539,579 | €439,292 | -€100,287 | -18.6% |
| Equity | 10/15 | -€181,936 | -€144,666 | +€37,270 | +20.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,936 | -€149,666 | +€37,270 | +19.9% |
| Provisions and deferred taxes | 16 | €262,290 | €262,290 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €262,290 | €262,290 | = | 0.0% |
| Other liabilities and charges | 164/5 | €262,290 | €262,290 | = | 0.0% |
| Amounts payable | 17/49 | €459,225 | €321,668 | -€137,557 | -30.0% |
| Amounts payable within one year | 42/48 | €459,225 | €321,668 | -€137,557 | -30.0% |
| Trade debts | 44 | €379,186 | €242,015 | -€137,171 | -36.2% |
| Suppliers | 440/4 | €379,186 | €242,015 | -€137,171 | -36.2% |
| Taxes, remuneration and social security | 45 | €18,470 | €24,910 | +€6,441 | +34.9% |
| Taxes | 450/3 | €16,210 | €18,717 | +€2,507 | +15.5% |
| Remuneration and social security | 454/9 | €2,260 | €6,193 | +€3,933 | +174% |
| Other amounts payable | 47/48 | €61,569 | €54,743 | -€6,826 | -11.1% |
| Remuneration, social security and pensions | 62 | €6,695 | €1,988 | -€4,706 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,796 | €4,310 | -€485 | -10.1% |
| Other operating charges | 640/8 | €714 | €765 | +€51 | +7.1% |
| Non-recurring operating charges | 66A | €240 | €114 | -€125 | -52.2% |
| Gross operating margin | 9900 | €68,402 | €69,886 | +€1,484 | +2.2% |
| Operating profit (loss) | 9901 | €55,959 | €62,709 | +€6,750 | +12.1% |
| Financial income | 75/76B | €2,818 | €682 | -€2,137 | -75.8% |
| Recurring financial income | 75 | €2,818 | €682 | -€2,137 | -75.8% |
| Financial charges | 65/66B | €6,231 | €15,055 | +€8,824 | +142% |
| Recurring financial charges | 65 | €6,231 | €15,055 | +€8,824 | +142% |
| Profit (loss) for the period before taxes | 9903 | €52,546 | €48,335 | -€4,210 | -8.0% |
| Income taxes | 67/77 | €12,190 | €11,065 | -€1,124 | -9.2% |
| Profit (loss) for the period | 9904 | €40,356 | €37,270 | -€3,086 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,356 | €37,270 | -€3,086 | -7.6% |
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 21 October 2026 via checked.be.