GACIBO: 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.
GACIBO
Largest movements
- Receivables within one year -€105,640
no longer reported in 2025 (was €105,640)
of which Other amounts receivable: -€105,138
- Cash +€55,403
up €55,403 (+369%), from €14,994 to €70,397
mainly Receivables within one year (+€105,640) and Depreciation (+€21,337)
- Tangible fixed assets +€5,888
up €5,888 (+4.6%), from €127,042 to €132,930
of which Furniture and vehicles: +€20,117
- Debts after one year -€35,216
down €35,216 (-52.8%), from €66,724 to €31,509
- Profit (loss) carried forward -€24,792
down €24,792 (-50.7%), from €48,859 to €24,067
- Other debts +€18,939
new in 2025: €18,939
- Trade debts +€12,252
up €12,252 (+68.0%), from €18,021 to €30,274
- Tax, wage and social debts -€10,106
down €10,106 (-62.6%), from €16,143 to €6,037
of which Taxes: -€10,530
- Gross operating margin -€40,206
down €40,206 (-22.6%), from €177,923 to €137,717
- Depreciation -€31,846
down €31,846 (-59.9%), from €53,183 to €21,337
- Financial income -€4,484
down €4,484 (-64.1%), from €6,995 to €2,511
- Staff costs -€2,364
down €2,364 (-1.7%), from €139,099 to €136,735
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 | €268,694 | €224,026 | -€44,668 | -16.6% |
| Fixed assets | 21/28 | €127,289 | €133,178 | +€5,888 | +4.6% |
| Tangible fixed assets | 22/27 | €127,042 | €132,930 | +€5,888 | +4.6% |
| Plant, machinery and equipment | 23 | €5,595 | €5,172 | -€423 | -7.6% |
| Furniture and vehicles | 24 | €27,666 | €47,783 | +€20,117 | +72.7% |
| Other tangible fixed assets | 26 | €93,781 | €79,975 | -€13,806 | -14.7% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €141,405 | €90,848 | -€50,557 | -35.8% |
| Stocks and contracts in progress | 3 | €15,522 | €17,210 | +€1,688 | +10.9% |
| Stocks | 30/36 | €15,522 | €17,210 | +€1,688 | +10.9% |
| Amounts receivable within one year | 40/41 | €105,640 | - | -€105,640 | |
| Trade receivables | 40 | €502 | - | -€502 | |
| Other amounts receivable | 41 | €105,138 | - | -€105,138 | |
| Cash at bank and in hand | 54/58 | €14,994 | €70,397 | +€55,403 | +369% |
| Deferred charges and accrued income | 490/1 | €5,249 | €3,242 | -€2,007 | -38.2% |
| Total equity and liabilities | 10/49 | €268,694 | €224,026 | -€44,668 | -16.6% |
| Equity | 10/15 | €126,844 | €102,052 | -€24,792 | -19.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €53,196 | €53,196 | = | 0.0% |
| Distributable reserves | 133 | €53,196 | €53,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,859 | €24,067 | -€24,792 | -50.7% |
| Amounts payable | 17/49 | €141,850 | €121,974 | -€19,877 | -14.0% |
| Amounts payable after more than one year | 17 | €66,724 | €31,509 | -€35,216 | -52.8% |
| Financial debts | 170/4 | €66,724 | €31,509 | -€35,216 | -52.8% |
| Amounts payable within one year | 42/48 | €75,126 | €90,465 | +€15,339 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €40,962 | €35,216 | -€5,746 | -14.0% |
| Trade debts | 44 | €18,021 | €30,274 | +€12,252 | +68.0% |
| Suppliers | 440/4 | €18,021 | €30,274 | +€12,252 | +68.0% |
| Taxes, remuneration and social security | 45 | €16,143 | €6,037 | -€10,106 | -62.6% |
| Taxes | 450/3 | €12,172 | €1,642 | -€10,530 | -86.5% |
| Remuneration and social security | 454/9 | €3,971 | €4,395 | +€424 | +10.7% |
| Other amounts payable | 47/48 | - | €18,939 | +€18,939 | |
| Remuneration, social security and pensions | 62 | €139,099 | €136,735 | -€2,364 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,183 | €21,337 | -€31,846 | -59.9% |
| Other operating charges | 640/8 | €1,106 | €1,073 | -€33 | -3.0% |
| Gross operating margin | 9900 | €177,923 | €137,717 | -€40,206 | -22.6% |
| Operating profit (loss) | 9901 | -€15,465 | -€21,428 | -€5,963 | -38.6% |
| Financial income | 75/76B | €6,995 | €2,511 | -€4,484 | -64.1% |
| Recurring financial income | 75 | €6,995 | €2,511 | -€4,484 | -64.1% |
| Financial charges | 65/66B | €6,696 | €5,849 | -€846 | -12.6% |
| Recurring financial charges | 65 | €6,696 | €5,849 | -€846 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,166 | -€24,766 | -€9,600 | -63.3% |
| Income taxes | 67/77 | - | €26 | +€26 | |
| Profit (loss) for the period | 9904 | -€15,166 | -€24,792 | -€9,626 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,166 | -€24,792 | -€9,626 | -63.5% |
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 17 October 2026 via checked.be.