GIBE: 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.
GIBE
Largest movements
- Stocks and contracts +€14,615
up €14,615 (+12.2%), from €120,192 to €134,807
- Tangible fixed assets -€5,507
down €5,507 (-50.6%), from €10,893 to €5,386
- Cash +€2,364
up €2,364 (+32.6%), from €7,256 to €9,621
mainly Trade debts (+€31,274) and Depreciation (+€5,507)
- Trade debts +€31,274
up €31,274 (+2472.1%), from €1,265 to €32,539
- Other debts -€14,923
down €14,923 (-24.4%), from €61,056 to €46,132
- Profit (loss) carried forward -€4,595
down €4,595 (-9.4%), from €48,669 to €44,074
- Gross operating margin -€15,492
down €15,492 (-46.0%), from €33,672 to €18,181
- Staff costs -€3,898
down €3,898 (-19.4%), from €20,105 to €16,208
- Financial charges -€2,349
down €2,349 (-87.9%), from €2,672 to €323
- Other operating charges -€1,996
down €1,996 (-66.6%), from €2,996 to €1,001
- Depreciation -€523
down €523 (-8.7%), from €6,029 to €5,507
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,211 | €165,063 | +€11,852 | +7.7% |
| Fixed assets | 21/28 | €10,893 | €5,386 | -€5,507 | -50.6% |
| Tangible fixed assets | 22/27 | €10,893 | €5,386 | -€5,507 | -50.6% |
| Furniture and vehicles | 24 | €10,893 | €5,386 | -€5,507 | -50.6% |
| Current assets | 29/58 | €142,319 | €159,677 | +€17,359 | +12.2% |
| Stocks and contracts in progress | 3 | €120,192 | €134,807 | +€14,615 | +12.2% |
| Stocks | 30/36 | €120,192 | €134,807 | +€14,615 | +12.2% |
| Amounts receivable within one year | 40/41 | €14,871 | €15,250 | +€379 | +2.5% |
| Other amounts receivable | 41 | €14,871 | €15,250 | +€379 | +2.5% |
| Cash at bank and in hand | 54/58 | €7,256 | €9,621 | +€2,364 | +32.6% |
| Total equity and liabilities | 10/49 | €153,211 | €165,063 | +€11,852 | +7.7% |
| Equity | 10/15 | €67,269 | €62,674 | -€4,595 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,669 | €44,074 | -€4,595 | -9.4% |
| Amounts payable | 17/49 | €85,943 | €102,390 | +€16,447 | +19.1% |
| Amounts payable within one year | 42/48 | €85,943 | €102,390 | +€16,447 | +19.1% |
| Trade debts | 44 | €1,265 | €32,539 | +€31,274 | +2472.1% |
| Suppliers | 440/4 | €1,265 | €32,539 | +€31,274 | +2472.1% |
| Taxes, remuneration and social security | 45 | €23,622 | €23,718 | +€96 | +0.4% |
| Taxes | 450/3 | €23,622 | €23,718 | +€96 | +0.4% |
| Other amounts payable | 47/48 | €61,056 | €46,132 | -€14,923 | -24.4% |
| Remuneration, social security and pensions | 62 | €20,105 | €16,208 | -€3,898 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,029 | €5,507 | -€523 | -8.7% |
| Other operating charges | 640/8 | €2,996 | €1,001 | -€1,996 | -66.6% |
| Gross operating margin | 9900 | €33,672 | €18,181 | -€15,492 | -46.0% |
| Operating profit (loss) | 9901 | €4,542 | -€4,534 | -€9,076 | |
| Financial income | 75/76B | - | €262 | +€262 | |
| Recurring financial income | 75 | - | €262 | +€262 | |
| Financial charges | 65/66B | €2,672 | €323 | -€2,349 | -87.9% |
| Recurring financial charges | 65 | €2,672 | €323 | -€2,349 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €1,870 | -€4,595 | -€6,465 | |
| Profit (loss) for the period | 9904 | €1,870 | -€4,595 | -€6,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,870 | -€4,595 | -€6,465 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.