GUBOVA: 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.
GUBOVA
Largest movements
- Cash -€40,835
down €40,835 (-46.1%), from €88,520 to €47,685
mainly Contributions, distributions and other (-€56,001) and Other debts (-€40,822)
- Receivables within one year -€29,648
down €29,648 (-6.8%), from €438,056 to €408,408
of which Trade receivables: -€34,257
- Stocks and contracts +€21,706
up €21,706 (+211%), from €10,311 to €32,017
- Other debts -€40,822
down €40,822 (-9.3%), from €440,661 to €399,839
- Tax, wage and social debts -€36,160
down €36,160 (-76.5%), from €47,245 to €11,085
of which Taxes: -€40,718
- Trade debts +€27,900
up €27,900 (+103%), from €27,065 to €54,965
- Gross operating margin -€78,702
down €78,702 (-46.9%), from €167,740 to €89,038
- Taxes -€20,769
down €20,769 (-47.9%), from €43,399 to €22,630
- Staff costs +€2,528
up €2,528 (+41.1%), from €6,155 to €8,683
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 | €536,887 | €488,110 | -€48,777 | -9.1% |
| Current assets | 29/58 | €536,887 | €488,110 | -€48,777 | -9.1% |
| Stocks and contracts in progress | 3 | €10,311 | €32,017 | +€21,706 | +211% |
| Stocks | 30/36 | €10,311 | €32,017 | +€21,706 | +211% |
| Amounts receivable within one year | 40/41 | €438,056 | €408,408 | -€29,648 | -6.8% |
| Trade receivables | 40 | €405,713 | €371,456 | -€34,257 | -8.4% |
| Other amounts receivable | 41 | €32,343 | €36,952 | +€4,609 | +14.3% |
| Cash at bank and in hand | 54/58 | €88,520 | €47,685 | -€40,835 | -46.1% |
| Total equity and liabilities | 10/49 | €536,887 | €488,110 | -€48,777 | -9.1% |
| Equity | 10/15 | €21,916 | €22,221 | +€305 | +1.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,456 | €1,761 | +€305 | +20.9% |
| Distributable reserves | 133 | €1,456 | €1,761 | +€305 | +20.9% |
| Amounts payable | 17/49 | €514,971 | €465,889 | -€49,082 | -9.5% |
| Amounts payable within one year | 42/48 | €514,971 | €465,889 | -€49,082 | -9.5% |
| Trade debts | 44 | €27,065 | €54,965 | +€27,900 | +103% |
| Suppliers | 440/4 | €27,065 | €54,965 | +€27,900 | +103% |
| Taxes, remuneration and social security | 45 | €47,245 | €11,085 | -€36,160 | -76.5% |
| Taxes | 450/3 | €47,245 | €6,527 | -€40,718 | -86.2% |
| Remuneration and social security | 454/9 | - | €4,558 | +€4,558 | |
| Other amounts payable | 47/48 | €440,661 | €399,839 | -€40,822 | -9.3% |
| Remuneration, social security and pensions | 62 | €6,155 | €8,683 | +€2,528 | +41.1% |
| Other operating charges | 640/8 | €519 | €1,139 | +€620 | +119% |
| Gross operating margin | 9900 | €167,740 | €89,038 | -€78,702 | -46.9% |
| Operating profit (loss) | 9901 | €161,066 | €79,216 | -€81,850 | -50.8% |
| Financial income | 75/76B | €211 | - | -€211 | |
| Recurring financial income | 75 | €211 | - | -€211 | |
| Financial charges | 65/66B | €701 | €280 | -€421 | -60.1% |
| Recurring financial charges | 65 | €701 | €280 | -€421 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €160,576 | €78,936 | -€81,640 | -50.8% |
| Income taxes | 67/77 | €43,399 | €22,630 | -€20,769 | -47.9% |
| Profit (loss) for the period | 9904 | €117,177 | €56,306 | -€60,871 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €117,177 | €56,306 | -€60,871 | -51.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.