DR. K. GIJBELS: what changed
What changed
DR. K. GIJBELS
filed annual accounts (NBB)
Net result for the year
€144,618
2024 · €316,963-€172,345
Equity
€2.2m
2024 · €2.1m+€144,618
Cash
€702,556
2024 · €943,797-€241,242
Balance sheet total
€2.2m
2024 · €2.5m-€237,907
Largest movements
Assets
- Cash -€241,242
down €241,242 (-25.6%), from €943,797 to €702,556
mainly Other debts (-€364,568) and Tax, wage and social debts (-€24,527)
Equity and liabilities
- Other debts -€364,568
down €364,568 (-98.3%), from €370,709 to €6,141
- Reserves +€144,600
up €144,600 (+7.1%), from €2.0m to €2.2m
of which Distributable reserves: +€144,600
Income statement
- Gross operating margin -€217,716
down €217,716 (-49.7%), from €438,116 to €220,399
- Taxes -€77,169
down €77,169 (-55.0%), from €140,322 to €63,153
- Financial income -€32,650
no longer reported in 2025 (was €32,650)
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.
Result 2024
€316,963
Gross operating margin
-€217,716
Depreciation
+€26
Other operating charges
-€206
Financial income
-€32,650
Financial charges
+€1,032
Taxes
+€77,169
Result 2025
€144,618
raises the resultlowers the result
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.
From operations
-€232,516
Investment
-€8,726
Financing
€0
Cash 2024
€943,797
From operations (derived)
-€232,516
Net result for the year
+€144,618
Depreciation
+€11,062
Receivables within one year
-€5,587
Smaller working-capital items
-€668
Trade debts
+€7,154
Tax, wage and social debts
-€24,527
Other debts
-€364,568
Investment (derived)
-€8,726
Current investments
-€8,726
Cash 2025
€702,556
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,486,912 | €2,249,005 | -€237,907 | -9.6% |
| Fixed assets | 21/28 | €41,517 | €30,455 | -€11,062 | -26.6% |
| Tangible fixed assets | 22/27 | €41,517 | €30,455 | -€11,062 | -26.6% |
| Furniture and vehicles | 24 | €41,517 | €30,455 | -€11,062 | -26.6% |
| Current assets | 29/58 | €2,445,394 | €2,218,550 | -€226,844 | -9.3% |
| Amounts receivable within one year | 40/41 | - | €5,587 | +€5,587 | |
| Other amounts receivable | 41 | - | €5,587 | +€5,587 | |
| Current investments | 50/53 | €1,500,000 | €1,508,726 | +€8,726 | +0.6% |
| Cash at bank and in hand | 54/58 | €943,797 | €702,556 | -€241,242 | -25.6% |
| Deferred charges and accrued income | 490/1 | €1,597 | €1,681 | +€84 | +5.3% |
| Total equity and liabilities | 10/49 | €2,486,912 | €2,249,005 | -€237,907 | -9.6% |
| Equity | 10/15 | €2,062,467 | €2,207,085 | +€144,618 | +7.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,026,010 | €2,170,610 | +€144,600 | +7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,024,150 | €2,168,750 | +€144,600 | +7.1% |
| Profit (loss) carried forward | 14 | €24,057 | €24,075 | +€18 | +0.1% |
| Amounts payable | 17/49 | €424,445 | €41,920 | -€382,525 | -90.1% |
| Amounts payable within one year | 42/48 | €421,329 | €39,388 | -€381,941 | -90.7% |
| Trade debts | 44 | €26,093 | €33,248 | +€7,154 | +27.4% |
| Suppliers | 440/4 | €26,093 | €33,248 | +€7,154 | +27.4% |
| Taxes, remuneration and social security | 45 | €24,527 | - | -€24,527 | |
| Taxes | 450/3 | €24,527 | - | -€24,527 | |
| Other amounts payable | 47/48 | €370,709 | €6,141 | -€364,568 | -98.3% |
| Accrued charges and deferred income | 492/3 | €3,116 | €2,532 | -€584 | -18.7% |
| Non-recurring operating income | 76A | €17,500 | - | -€17,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,089 | €11,062 | -€26 | -0.2% |
| Other operating charges | 640/8 | €1,261 | €1,467 | +€206 | +16.3% |
| Gross operating margin | 9900 | €438,116 | €220,399 | -€217,716 | -49.7% |
| Operating profit (loss) | 9901 | €425,766 | €207,870 | -€217,896 | -51.2% |
| Financial income | 75/76B | €32,650 | - | -€32,650 | |
| Recurring financial income | 75 | €32,650 | - | -€32,650 | |
| Financial charges | 65/66B | €1,131 | €99 | -€1,032 | -91.2% |
| Recurring financial charges | 65 | €1,131 | €99 | -€1,032 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €457,285 | €207,771 | -€249,514 | -54.6% |
| Income taxes | 67/77 | €140,322 | €63,153 | -€77,169 | -55.0% |
| Profit (loss) for the period | 9904 | €316,963 | €144,618 | -€172,345 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €316,963 | €144,618 | -€172,345 | -54.4% |
Next steps
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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.