Gub's Services: 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.
Gub's Services
Largest movements
- Current investments +€125,000
up €125,000 (+62.5%), from €200,000 to €325,000
- Cash +€53,500
up €53,500 (+114%), from €46,855 to €100,355
mainly Net result for the year (+€168,831) and Depreciation (+€18,887)
- Tangible fixed assets -€18,887
down €18,887 (-31.0%), from €60,990 to €42,103
of which Furniture and vehicles: -€13,500
- Reserves +€170,000
up €170,000 (+60.7%), from €280,000 to €450,000
- Other debts -€9,191
down €9,191 (-29.7%), from €30,903 to €21,712
- Gross operating margin +€17,780
up €17,780 (+8.1%), from €219,270 to €237,050
- Taxes +€4,577
up €4,577 (+10.1%), from €45,365 to €49,943
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 | €330,348 | €490,580 | +€160,232 | +48.5% |
| Fixed assets | 21/28 | €60,990 | €42,103 | -€18,887 | -31.0% |
| Tangible fixed assets | 22/27 | €60,990 | €42,103 | -€18,887 | -31.0% |
| Plant, machinery and equipment | 23 | €1,388 | €947 | -€440 | -31.7% |
| Furniture and vehicles | 24 | €42,460 | €28,960 | -€13,500 | -31.8% |
| Other tangible fixed assets | 26 | €17,142 | €12,195 | -€4,946 | -28.9% |
| Current assets | 29/58 | €269,358 | €448,477 | +€179,119 | +66.5% |
| Amounts receivable within one year | 40/41 | €22,027 | €22,701 | +€675 | +3.1% |
| Trade receivables | 40 | €19,312 | €22,701 | +€3,390 | +17.6% |
| Other amounts receivable | 41 | €2,715 | - | -€2,715 | |
| Current investments | 50/53 | €200,000 | €325,000 | +€125,000 | +62.5% |
| Cash at bank and in hand | 54/58 | €46,855 | €100,355 | +€53,500 | +114% |
| Deferred charges and accrued income | 490/1 | €476 | €421 | -€56 | -11.7% |
| Total equity and liabilities | 10/49 | €330,348 | €490,580 | +€160,232 | +48.5% |
| Equity | 10/15 | €291,121 | €459,952 | +€168,831 | +58.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €280,000 | €450,000 | +€170,000 | +60.7% |
| Distributable reserves | 133 | €280,000 | €450,000 | +€170,000 | +60.7% |
| Profit (loss) carried forward | 14 | €8,121 | €6,952 | -€1,169 | -14.4% |
| Amounts payable | 17/49 | €39,227 | €30,628 | -€8,599 | -21.9% |
| Amounts payable within one year | 42/48 | €39,161 | €30,561 | -€8,600 | -22.0% |
| Trade debts | 44 | €334 | €47 | -€287 | -85.8% |
| Suppliers | 440/4 | €334 | €47 | -€287 | -85.8% |
| Taxes, remuneration and social security | 45 | €7,924 | €8,801 | +€877 | +11.1% |
| Taxes | 450/3 | €7,924 | €8,801 | +€877 | +11.1% |
| Other amounts payable | 47/48 | €30,903 | €21,712 | -€9,191 | -29.7% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,887 | €18,887 | = | 0.0% |
| Other operating charges | 640/8 | €536 | €561 | +€25 | +4.6% |
| Gross operating margin | 9900 | €219,270 | €237,050 | +€17,780 | +8.1% |
| Operating profit (loss) | 9901 | €199,847 | €217,602 | +€17,755 | +8.9% |
| Financial income | 75/76B | €1,161 | €1,349 | +€189 | +16.3% |
| Recurring financial income | 75 | €1,161 | €1,349 | +€189 | +16.3% |
| Financial charges | 65/66B | €179 | €178 | -€1 | -0.6% |
| Recurring financial charges | 65 | €179 | €178 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €200,829 | €218,774 | +€17,945 | +8.9% |
| Income taxes | 67/77 | €45,365 | €49,943 | +€4,577 | +10.1% |
| Profit (loss) for the period | 9904 | €155,464 | €168,831 | +€13,368 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €155,464 | €168,831 | +€13,368 | +8.6% |
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 28 October 2026 via checked.be.