GEFIBO: 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.
GEFIBO
Largest movements
- Cash +€357,035
up €357,035 (+1178.3%), from €30,302 to €387,336
mainly Current investments (+€300,739) and Net result for the year (+€111,089)
- Current investments -€300,739
down €300,739 (-38.4%), from €783,856 to €483,117
- Receivables within one year +€20,578
up €20,578 (+58.5%), from €35,198 to €55,776
of which Other amounts receivable: +€12,870
- Tangible fixed assets -€14,602
down €14,602 (-40.1%), from €36,443 to €21,841
of which Land and buildings: -€9,226
- Other debts +€66,216
up €66,216 (+73.3%), from €90,274 to €156,489
- Current portion of long-term debt -€10,048
no longer reported in 2025 (was €10,048)
- Gross operating margin -€79,400
down €79,400 (-35.8%), from €221,928 to €142,528
- Taxes -€26,654
down €26,654 (-50.3%), from €52,956 to €26,303
- Financial income -€8,268
down €8,268 (-32.7%), from €25,322 to €17,054
- Write-downs +€4,122
new in 2025: €4,122
- Financial charges -€2,814
down €2,814 (-70.0%), from €4,018 to €1,204
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 | €888,857 | €949,373 | +€60,515 | +6.8% |
| Fixed assets | 21/28 | €36,443 | €21,841 | -€14,602 | -40.1% |
| Tangible fixed assets | 22/27 | €36,443 | €21,841 | -€14,602 | -40.1% |
| Land and buildings | 22 | €14,753 | €5,527 | -€9,226 | -62.5% |
| Furniture and vehicles | 24 | €6,035 | €3,699 | -€2,336 | -38.7% |
| Other tangible fixed assets | 26 | €15,654 | €12,615 | -€3,040 | -19.4% |
| Current assets | 29/58 | €852,415 | €927,532 | +€75,117 | +8.8% |
| Amounts receivable within one year | 40/41 | €35,198 | €55,776 | +€20,578 | +58.5% |
| Trade receivables | 40 | €29,216 | €36,924 | +€7,707 | +26.4% |
| Other amounts receivable | 41 | €5,982 | €18,852 | +€12,870 | +215.2% |
| Current investments | 50/53 | €783,856 | €483,117 | -€300,739 | -38.4% |
| Cash at bank and in hand | 54/58 | €30,302 | €387,336 | +€357,035 | +1178.3% |
| Deferred charges and accrued income | 490/1 | €3,059 | €1,303 | -€1,756 | -57.4% |
| Total equity and liabilities | 10/49 | €888,857 | €949,373 | +€60,515 | +6.8% |
| Equity | 10/15 | €771,754 | €775,537 | +€3,782 | +0.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €752,754 | €756,537 | +€3,782 | +0.5% |
| Distributable reserves | 133 | €752,754 | €756,537 | +€3,782 | +0.5% |
| Amounts payable | 17/49 | €117,103 | €173,836 | +€56,733 | +48.4% |
| Amounts payable within one year | 42/48 | €117,103 | €173,836 | +€56,733 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €10,048 | - | -€10,048 | |
| Trade debts | 44 | €504 | €6,569 | +€6,065 | +1202.2% |
| Suppliers | 440/4 | €504 | €6,569 | +€6,065 | +1202.2% |
| Advances received on contracts in progress | 46 | €1,254 | €1,109 | -€145 | -11.6% |
| Taxes, remuneration and social security | 45 | €15,023 | €9,669 | -€5,354 | -35.6% |
| Taxes | 450/3 | €15,023 | €9,669 | -€5,354 | -35.6% |
| Other amounts payable | 47/48 | €90,274 | €156,489 | +€66,216 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,168 | €14,602 | +€434 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,122 | +€4,122 | |
| Other operating charges | 640/8 | €2,615 | €2,262 | -€353 | -13.5% |
| Gross operating margin | 9900 | €221,928 | €142,528 | -€79,400 | -35.8% |
| Operating profit (loss) | 9901 | €205,145 | €121,542 | -€83,603 | -40.8% |
| Financial income | 75/76B | €25,322 | €17,054 | -€8,268 | -32.7% |
| Recurring financial income | 75 | €25,322 | €17,054 | -€8,268 | -32.7% |
| Financial charges | 65/66B | €4,018 | €1,204 | -€2,814 | -70.0% |
| Recurring financial charges | 65 | €4,018 | €1,204 | -€2,814 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €226,450 | €137,392 | -€89,057 | -39.3% |
| Income taxes | 67/77 | €52,956 | €26,303 | -€26,654 | -50.3% |
| Profit (loss) for the period | 9904 | €173,493 | €111,089 | -€62,404 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,493 | €111,089 | -€62,404 | -36.0% |
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.