Gubta: what changed
Two fiscal 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.
Gubta
Largest movements
- Tangible fixed assets -€7,840
down €7,840 (-36.9%), from €21,244 to €13,404
- Receivables within one year -€6,567
down €6,567 (-47.4%), from €13,842 to €7,275
of which Trade receivables: -€6,607
- Cash +€5,844
up €5,844 (+26.9%), from €21,702 to €27,546
mainly Depreciation (+€7,840) and Receivables within one year (+€6,567)
- Reserves -€11,768
down €11,768 (-50.6%), from €23,256 to €11,488
- Tax, wage and social debts +€3,673
up €3,673 (+50.8%), from €7,226 to €10,899
of which Taxes: +€6,323
- Other debts -€1,041
down €1,041 (-80.1%), from €1,300 to €259
- Gross operating margin -€12,846
down €12,846 (-43.8%), from €29,357 to €16,511
- Taxes -€2,607
down €2,607 (-61.3%), from €4,254 to €1,647
- Depreciation +€499
up €499 (+6.8%), from €7,341 to €7,840
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 | €57,741 | €49,040 | -€8,701 | -15.1% |
| Fixed assets | 21/28 | €21,244 | €13,404 | -€7,840 | -36.9% |
| Tangible fixed assets | 22/27 | €21,244 | €13,404 | -€7,840 | -36.9% |
| Furniture and vehicles | 24 | €21,244 | €13,404 | -€7,840 | -36.9% |
| Current assets | 29/58 | €36,497 | €35,636 | -€861 | -2.4% |
| Amounts receivable within one year | 40/41 | €13,842 | €7,275 | -€6,567 | -47.4% |
| Trade receivables | 40 | €13,842 | €7,235 | -€6,607 | -47.7% |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Cash at bank and in hand | 54/58 | €21,702 | €27,546 | +€5,844 | +26.9% |
| Deferred charges and accrued income | 490/1 | €953 | €815 | -€138 | -14.5% |
| Total equity and liabilities | 10/49 | €57,741 | €49,040 | -€8,701 | -15.1% |
| Equity | 10/15 | €48,256 | €36,488 | -€11,768 | -24.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €23,256 | €11,488 | -€11,768 | -50.6% |
| Distributable reserves | 133 | €23,256 | €11,488 | -€11,768 | -50.6% |
| Amounts payable | 17/49 | €9,485 | €12,552 | +€3,067 | +32.3% |
| Amounts payable within one year | 42/48 | €9,485 | €12,552 | +€3,067 | +32.3% |
| Trade debts | 44 | €960 | €1,394 | +€435 | +45.3% |
| Suppliers | 440/4 | €960 | €1,394 | +€435 | +45.3% |
| Taxes, remuneration and social security | 45 | €7,226 | €10,899 | +€3,673 | +50.8% |
| Taxes | 450/3 | €4,576 | €10,899 | +€6,323 | +138.2% |
| Remuneration and social security | 454/9 | €2,650 | - | -€2,650 | |
| Other amounts payable | 47/48 | €1,300 | €259 | -€1,041 | -80.1% |
| Non-recurring operating income | 76A | €343 | - | -€343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,341 | €7,840 | +€499 | +6.8% |
| Other operating charges | 640/8 | €1,024 | €1,067 | +€43 | +4.2% |
| Gross operating margin | 9900 | €29,357 | €16,511 | -€12,846 | -43.8% |
| Operating profit (loss) | 9901 | €20,992 | €7,604 | -€13,388 | -63.8% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €83 | €78 | -€5 | -6.0% |
| Recurring financial charges | 65 | €83 | €78 | -€5 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €20,922 | €7,526 | -€13,396 | -64.0% |
| Income taxes | 67/77 | €4,254 | €1,647 | -€2,607 | -61.3% |
| Profit (loss) for the period | 9904 | €16,668 | €5,879 | -€10,789 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,668 | €5,879 | -€10,789 | -64.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.