GIBCO: 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.
GIBCO
Largest movements
- Tangible fixed assets -€41,357
down €41,357 (-33.4%), from €123,734 to €82,378
of which Furniture and vehicles: -€40,983
- Receivables within one year -€25,711
down €25,711 (-36.2%), from €70,978 to €45,266
of which Trade receivables: -€21,784
- Cash +€12,897
up €12,897 (+41.3%), from €31,222 to €44,119
mainly Depreciation (+€41,357) and Receivables within one year (+€25,711)
- Debts after one year -€25,960
down €25,960 (-47.3%), from €54,858 to €28,899
- Profit (loss) carried forward -€21,195
down €21,195 (-39.8%), from -€53,282 to -€74,477
- Other debts -€4,630
down €4,630 (-3.6%), from €127,958 to €123,328
- Trade debts -€4,326
down €4,326 (-61.8%), from €7,000 to €2,674
- Depreciation +€5,579
up €5,579 (+15.6%), from €35,777 to €41,357
- Gross operating margin +€1,412
up €1,412 (+5.9%), from €24,001 to €25,413
- Other operating charges -€789
down €789 (-30.5%), from €2,586 to €1,796
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 | €226,544 | €172,199 | -€54,346 | -24.0% |
| Fixed assets | 21/28 | €123,734 | €82,378 | -€41,357 | -33.4% |
| Tangible fixed assets | 22/27 | €123,734 | €82,378 | -€41,357 | -33.4% |
| Land and buildings | 22 | €1,761 | €1,694 | -€67 | -3.8% |
| Plant, machinery and equipment | 23 | €508 | €202 | -€306 | -60.2% |
| Furniture and vehicles | 24 | €121,465 | €80,481 | -€40,983 | -33.7% |
| Current assets | 29/58 | €102,810 | €89,821 | -€12,989 | -12.6% |
| Amounts receivable within one year | 40/41 | €70,978 | €45,266 | -€25,711 | -36.2% |
| Trade receivables | 40 | €58,735 | €36,951 | -€21,784 | -37.1% |
| Other amounts receivable | 41 | €12,242 | €8,315 | -€3,927 | -32.1% |
| Cash at bank and in hand | 54/58 | €31,222 | €44,119 | +€12,897 | +41.3% |
| Deferred charges and accrued income | 490/1 | €611 | €435 | -€175 | -28.7% |
| Total equity and liabilities | 10/49 | €226,544 | €172,199 | -€54,346 | -24.0% |
| Equity | 10/15 | €6,861 | -€14,334 | -€21,195 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €40,143 | €40,143 | = | 0.0% |
| Distributable reserves | 133 | €40,143 | €40,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,282 | -€74,477 | -€21,195 | -39.8% |
| Amounts payable | 17/49 | €219,683 | €186,533 | -€33,150 | -15.1% |
| Amounts payable after more than one year | 17 | €54,858 | €28,899 | -€25,960 | -47.3% |
| Financial debts | 170/4 | €54,858 | €28,899 | -€25,960 | -47.3% |
| Amounts payable within one year | 42/48 | €164,825 | €157,572 | -€7,253 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €25,004 | €25,960 | +€955 | +3.8% |
| Financial debts | 43 | €609 | €446 | -€163 | -26.8% |
| Credit institutions | 430/8 | €609 | €446 | -€163 | -26.8% |
| Trade debts | 44 | €7,000 | €2,674 | -€4,326 | -61.8% |
| Suppliers | 440/4 | €7,000 | €2,674 | -€4,326 | -61.8% |
| Taxes, remuneration and social security | 45 | €4,254 | €5,165 | +€911 | +21.4% |
| Taxes | 450/3 | €3,454 | €4,365 | +€911 | +26.4% |
| Remuneration and social security | 454/9 | €800 | €800 | = | 0.0% |
| Other amounts payable | 47/48 | €127,958 | €123,328 | -€4,630 | -3.6% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,777 | €41,357 | +€5,579 | +15.6% |
| Other operating charges | 640/8 | €2,586 | €1,796 | -€789 | -30.5% |
| Gross operating margin | 9900 | €24,001 | €25,413 | +€1,412 | +5.9% |
| Operating profit (loss) | 9901 | -€14,362 | -€17,740 | -€3,378 | -23.5% |
| Financial income | 75/76B | €1 | €9 | +€7 | +582% |
| Recurring financial income | 75 | €1 | €9 | +€7 | +582% |
| Financial charges | 65/66B | €2,836 | €3,010 | +€174 | +6.1% |
| Recurring financial charges | 65 | €2,836 | €3,010 | +€174 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,197 | -€20,742 | -€3,545 | -20.6% |
| Income taxes | 67/77 | €434 | €454 | +€20 | +4.5% |
| Profit (loss) for the period | 9904 | -€17,631 | -€21,195 | -€3,564 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,631 | -€21,195 | -€3,564 | -20.2% |
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 22 October 2026 via checked.be.