GIBBS: 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.
GIBBS
Largest movements
- Receivables within one year +€9,922
up €9,922 (+168.6%), from €5,884 to €15,806
of which Trade receivables: +€14,761
- Cash -€8,859
down €8,859 (-50.1%), from €17,675 to €8,816
mainly Debts after one year (-€14,642) and Receivables within one year (-€9,922)
- Debts after one year -€14,642
down €14,642 (-2.5%), from €590,937 to €576,295
- Other debts +€7,284
up €7,284 (+412.7%), from €1,765 to €9,049
- Gross operating margin +€6,051
up €6,051 (+20.4%), from €29,608 to €35,659
- Depreciation -€4,077
down €4,077 (-95.3%), from €4,280 to €203
- Financial charges -€2,666
down €2,666 (-8.4%), from €31,710 to €29,044
- Other operating charges +€854
up €854 (+22.3%), from €3,834 to €4,688
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 | €655,594 | €648,070 | -€7,525 | -1.1% |
| Formation expenses | 20 | €575 | €372 | -€203 | -35.3% |
| Fixed assets | 21/28 | €4,757 | - | -€4,757 | |
| Tangible fixed assets | 22/27 | €4,757 | - | -€4,757 | |
| Furniture and vehicles | 24 | €4,757 | - | -€4,757 | |
| Current assets | 29/58 | €650,263 | €647,698 | -€2,565 | -0.4% |
| Stocks and contracts in progress | 3 | €621,590 | €621,626 | +€36 | 0.0% |
| Stocks | 30/36 | €621,590 | €621,626 | +€36 | 0.0% |
| Amounts receivable within one year | 40/41 | €5,884 | €15,806 | +€9,922 | +168.6% |
| Trade receivables | 40 | €1,045 | €15,806 | +€14,761 | +1412.5% |
| Other amounts receivable | 41 | €4,839 | €0 | -€4,839 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,675 | €8,816 | -€8,859 | -50.1% |
| Deferred charges and accrued income | 490/1 | €5,113 | €1,450 | -€3,663 | -71.6% |
| Total equity and liabilities | 10/49 | €655,594 | €648,070 | -€7,525 | -1.1% |
| Equity | 10/15 | €23,271 | €24,996 | +€1,725 | +7.4% |
| Contributions | 10/11 | €51,000 | €51,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,729 | -€26,004 | +€1,725 | +6.2% |
| Amounts payable | 17/49 | €632,323 | €623,074 | -€9,249 | -1.5% |
| Amounts payable after more than one year | 17 | €590,937 | €576,295 | -€14,642 | -2.5% |
| Financial debts | 170/4 | €590,937 | €576,295 | -€14,642 | -2.5% |
| Amounts payable within one year | 42/48 | €28,711 | €32,896 | +€4,186 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €15,071 | €15,830 | +€758 | +5.0% |
| Trade debts | 44 | €11,874 | €6,903 | -€4,972 | -41.9% |
| Suppliers | 440/4 | €11,874 | €6,903 | -€4,972 | -41.9% |
| Taxes, remuneration and social security | 45 | - | €1,115 | +€1,115 | |
| Taxes | 450/3 | - | €1,115 | +€1,115 | |
| Other amounts payable | 47/48 | €1,765 | €9,049 | +€7,284 | +412.7% |
| Accrued charges and deferred income | 492/3 | €12,676 | €13,882 | +€1,207 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,280 | €203 | -€4,077 | -95.3% |
| Other operating charges | 640/8 | €3,834 | €4,688 | +€854 | +22.3% |
| Gross operating margin | 9900 | €29,608 | €35,659 | +€6,051 | +20.4% |
| Operating profit (loss) | 9901 | €21,495 | €30,768 | +€9,274 | +43.1% |
| Financial charges | 65/66B | €31,710 | €29,044 | -€2,666 | -8.4% |
| Recurring financial charges | 65 | €31,710 | €29,044 | -€2,666 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,215 | €1,725 | +€11,940 | |
| Profit (loss) for the period | 9904 | -€10,215 | €1,725 | +€11,940 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,215 | €1,725 | +€11,940 |
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 30 September 2026 via checked.be.