GEGIBO: 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.
GEGIBO
Largest movements
- Tangible fixed assets +€71,505
up €71,505 (+4.8%), from €1.5m to €1.6m
of which Furniture and vehicles: +€133,875
- Current investments -€35,946
down €35,946 (-2.9%), from €1.2m to €1.2m
- Debts after one year -€119,392
down €119,392 (-11.8%), from €1.0m to €896,421
of which Financial debts: -€80,600
- Reserves +€70,182
up €70,182 (+5.9%), from €1.2m to €1.3m
of which Distributable reserves: +€95,552
- Accrued charges and deferred income +€42,357
up €42,357 (+301.4%), from €14,054 to €56,411
- Gross operating margin -€472,167
down €472,167 (-67.9%), from €695,446 to €223,279
- Financial income +€76,403
up €76,403 (+12445.6%), from €614 to €77,017
- Financial charges +€53,563
up €53,563 (+384.3%), from €13,939 to €67,502
of which Financial charges: +€51,592
- Depreciation +€47,032
up €47,032 (+96.1%), from €48,955 to €95,987
- Taxes +€12,492
up €12,492 (+53.3%), from €23,445 to €35,936
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 | €2,752,528 | €2,764,638 | +€12,110 | +0.4% |
| Fixed assets | 21/28 | €1,482,218 | €1,553,723 | +€71,505 | +4.8% |
| Tangible fixed assets | 22/27 | €1,482,218 | €1,553,723 | +€71,505 | +4.8% |
| Land and buildings | 22 | €1,478,695 | €1,409,622 | -€69,073 | -4.7% |
| Plant, machinery and equipment | 23 | €571 | €7,274 | +€6,703 | +1174.9% |
| Furniture and vehicles | 24 | €2,953 | €136,828 | +€133,875 | +4533.4% |
| Current assets | 29/58 | €1,270,310 | €1,210,915 | -€59,395 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,110 | - | -€1,110 | |
| Trade receivables | 40 | €1,110 | - | -€1,110 | |
| Current investments | 50/53 | €1,235,780 | €1,199,834 | -€35,946 | -2.9% |
| Cash at bank and in hand | 54/58 | €29,964 | €7,705 | -€22,259 | -74.3% |
| Deferred charges and accrued income | 490/1 | €3,456 | €3,376 | -€80 | -2.3% |
| Total equity and liabilities | 10/49 | €2,752,528 | €2,764,638 | +€12,110 | +0.4% |
| Equity | 10/15 | €1,480,502 | €1,550,684 | +€70,182 | +4.7% |
| Contributions | 10/11 | €288,171 | €288,171 | = | 0.0% |
| Capital | 10 | €288,171 | €288,171 | = | 0.0% |
| Issued capital | 100 | €288,171 | €288,171 | = | 0.0% |
| Reserves | 13 | €1,192,331 | €1,262,514 | +€70,182 | +5.9% |
| Non-distributable reserves | 130/1 | €22,200 | €22,200 | = | 0.0% |
| Legal reserve | 130 | €22,200 | €22,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €394,518 | €369,149 | -€25,369 | -6.4% |
| Distributable reserves | 133 | €775,613 | €871,165 | +€95,552 | +12.3% |
| Provisions and deferred taxes | 16 | €131,506 | €122,130 | -€9,376 | -7.1% |
| Deferred taxes | 168 | €131,506 | €122,130 | -€9,376 | -7.1% |
| Amounts payable | 17/49 | €1,140,520 | €1,091,824 | -€48,696 | -4.3% |
| Amounts payable after more than one year | 17 | €1,015,813 | €896,421 | -€119,392 | -11.8% |
| Financial debts | 170/4 | €147,767 | €67,167 | -€80,600 | -54.5% |
| Other amounts payable | 178/9 | €868,046 | €829,254 | -€38,792 | -4.5% |
| Amounts payable within one year | 42/48 | €110,653 | €138,992 | +€28,339 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €80,600 | €80,600 | = | 0.0% |
| Trade debts | 44 | €23,958 | €30,394 | +€6,435 | +26.9% |
| Suppliers | 440/4 | €23,958 | €30,394 | +€6,435 | +26.9% |
| Taxes, remuneration and social security | 45 | €6,094 | €27,998 | +€21,904 | +359.4% |
| Taxes | 450/3 | €6,094 | €27,998 | +€21,904 | +359.4% |
| Accrued charges and deferred income | 492/3 | €14,054 | €56,411 | +€42,357 | +301.4% |
| Non-recurring operating income | 76A | €530,476 | €43,000 | -€487,476 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,955 | €95,987 | +€47,032 | +96.1% |
| Other operating charges | 640/8 | €35,090 | €40,064 | +€4,974 | +14.2% |
| Gross operating margin | 9900 | €695,446 | €223,279 | -€472,167 | -67.9% |
| Operating profit (loss) | 9901 | €611,401 | €87,228 | -€524,173 | -85.7% |
| Financial income | 75/76B | €614 | €77,017 | +€76,403 | +12445.6% |
| Recurring financial income | 75 | €614 | €77,017 | +€76,403 | +12445.6% |
| Financial charges | 65/66B | €13,939 | €67,502 | +€53,563 | +384.3% |
| Recurring financial charges | 65 | €13,939 | €65,532 | +€51,592 | +370.1% |
| Non-recurring financial charges | 66B | - | €1,971 | +€1,971 | |
| Profit (loss) for the period before taxes | 9903 | €598,076 | €96,743 | -€501,333 | -83.8% |
| Transfer from deferred taxes | 780 | €10,469 | €9,376 | -€1,094 | -10.4% |
| Transfer to deferred taxes | 680 | €132,619 | - | -€132,619 | |
| Income taxes | 67/77 | €23,445 | €35,936 | +€12,492 | +53.3% |
| Profit (loss) for the period | 9904 | €452,482 | €70,182 | -€382,299 | -84.5% |
| Transfer from tax-exempt reserves | 789 | €21,510 | €25,369 | +€3,860 | +17.9% |
| Transfer to tax-exempt reserves | 689 | €397,857 | - | -€397,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,134 | €95,552 | +€19,418 | +25.5% |
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 7 October 2026 via checked.be.