Dr. B Gijbels: what changed
Dr. B Gijbels
Largest movements
- Cash -€25,779
down €25,779 (-50.0%), from €51,521 to €25,742
mainly Contributions, distributions and other (-€106,502) and Other debts (-€53,276)
- Intangible fixed assets -€25,000
down €25,000 (-22.2%), from €112,500 to €87,500
- Receivables after one year -€8,000
no longer reported in 2025 (was €8,000)
- Receivables within one year -€6,403
no longer reported in 2025 (was €6,403)
- Tangible fixed assets -€2,587
down €2,587 (-8.8%), from €29,346 to €26,758
of which Land and buildings: -€2,180
- Other debts -€53,276
down €53,276 (-50.9%), from €104,566 to €51,290
- Debts after one year -€32,404
down €32,404 (-54.5%), from €59,501 to €27,097
- Current portion of long-term debt +€22,690
up €22,690 (+70.3%), from €32,283 to €54,973
- Trade debts -€3,568
down €3,568 (-39.0%), from €9,156 to €5,588
- Tax, wage and social debts -€2,185
down €2,185 (-90.8%), from €2,408 to €223
- Gross operating margin +€7,303
up €7,303 (+4.5%), from €164,089 to €171,392
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,914 | €144,170 | -€68,743 | -32.3% |
| Fixed assets | 21/28 | €141,846 | €114,258 | -€27,587 | -19.4% |
| Intangible fixed assets | 21 | €112,500 | €87,500 | -€25,000 | -22.2% |
| Tangible fixed assets | 22/27 | €29,346 | €26,758 | -€2,587 | -8.8% |
| Land and buildings | 22 | €13,625 | €11,445 | -€2,180 | -16.0% |
| Plant, machinery and equipment | 23 | €9,112 | €7,938 | -€1,174 | -12.9% |
| Furniture and vehicles | 24 | €6,609 | €5,199 | -€1,410 | -21.3% |
| Other tangible fixed assets | 26 | - | €2,176 | +€2,176 | |
| Current assets | 29/58 | €71,068 | €29,912 | -€41,156 | -57.9% |
| Amounts receivable after more than one year | 29 | €8,000 | - | -€8,000 | |
| Other amounts receivable | 291 | €8,000 | - | -€8,000 | |
| Amounts receivable within one year | 40/41 | €6,403 | - | -€6,403 | |
| Other amounts receivable | 41 | €6,403 | - | -€6,403 | |
| Cash at bank and in hand | 54/58 | €51,521 | €25,742 | -€25,779 | -50.0% |
| Deferred charges and accrued income | 490/1 | €5,144 | €4,170 | -€974 | -18.9% |
| Total equity and liabilities | 10/49 | €212,914 | €144,170 | -€68,743 | -32.3% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €207,914 | €139,170 | -€68,743 | -33.1% |
| Amounts payable after more than one year | 17 | €59,501 | €27,097 | -€32,404 | -54.5% |
| Financial debts | 170/4 | €59,501 | €27,097 | -€32,404 | -54.5% |
| Amounts payable within one year | 42/48 | €148,413 | €112,074 | -€36,339 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €32,283 | €54,973 | +€22,690 | +70.3% |
| Trade debts | 44 | €9,156 | €5,588 | -€3,568 | -39.0% |
| Suppliers | 440/4 | €9,156 | €5,588 | -€3,568 | -39.0% |
| Taxes, remuneration and social security | 45 | €2,408 | €223 | -€2,185 | -90.8% |
| Taxes | 450/3 | €2,408 | €223 | -€2,185 | -90.8% |
| Other amounts payable | 47/48 | €104,566 | €51,290 | -€53,276 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,461 | €29,765 | -€1,695 | -5.4% |
| Other operating charges | 640/8 | €1,360 | €1,071 | -€290 | -21.3% |
| Gross operating margin | 9900 | €164,089 | €171,392 | +€7,303 | +4.5% |
| Operating profit (loss) | 9901 | €131,268 | €140,556 | +€9,288 | +7.1% |
| Financial charges | 65/66B | €3,146 | €3,832 | +€686 | +21.8% |
| Recurring financial charges | 65 | €3,146 | €3,832 | +€686 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €128,122 | €136,724 | +€8,602 | +6.7% |
| Income taxes | 67/77 | €28,597 | €30,223 | +€1,626 | +5.7% |
| Profit (loss) for the period | 9904 | €99,525 | €106,502 | +€6,977 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,525 | €106,502 | +€6,977 | +7.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.