GIBMAUBRAY: 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.
GIBMAUBRAY
Largest movements
- Tangible fixed assets -€9,380
down €9,380 (-1.6%), from €575,374 to €565,994
of which Plant, machinery and equipment: -€5,134
- Cash +€8,586
up €8,586 (+1,138%), from €754 to €9,341
mainly Other debts (+€284,913) and Depreciation (+€9,380)
- Other debts +€284,913
up €284,913 (+1,727%), from €16,500 to €301,413
- Current portion of long-term debt -€265,000
down €265,000 (-91.4%), from €290,000 to €25,000
- Profit (loss) carried forward -€20,413
down €20,413 (-13.1%), from -€156,058 to -€176,472
- Financial charges -€1,413
down €1,413 (-10.5%), from €13,506 to €12,093
- Gross operating margin +€1,333
up €1,333 (+37.5%), from €3,556 to €4,888
- Other operating charges +€107
up €107 (+2.9%), from €3,722 to €3,829
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 | €587,963 | €586,360 | -€1,603 | -0.3% |
| Fixed assets | 21/28 | €575,424 | €566,044 | -€9,380 | -1.6% |
| Tangible fixed assets | 22/27 | €575,374 | €565,994 | -€9,380 | -1.6% |
| Land and buildings | 22 | €527,105 | €522,859 | -€4,247 | -0.8% |
| Plant, machinery and equipment | 23 | €48,269 | €43,135 | -€5,134 | -10.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €12,539 | €20,316 | +€7,777 | +62.0% |
| Amounts receivable within one year | 40/41 | €11,784 | €10,975 | -€809 | -6.9% |
| Trade receivables | 40 | €11,784 | €10,975 | -€809 | -6.9% |
| Cash at bank and in hand | 54/58 | €754 | €9,341 | +€8,586 | +1,138% |
| Total equity and liabilities | 10/49 | €587,963 | €586,360 | -€1,603 | -0.3% |
| Equity | 10/15 | €279,324 | €258,910 | -€20,413 | -7.3% |
| Contributions | 10/11 | €427,479 | €427,479 | = | 0.0% |
| Reserves | 13 | €7,903 | €7,903 | = | 0.0% |
| Distributable reserves | 133 | €7,903 | €7,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,058 | -€176,472 | -€20,413 | -13.1% |
| Amounts payable | 17/49 | €308,639 | €327,449 | +€18,810 | +6.1% |
| Amounts payable within one year | 42/48 | €308,639 | €327,449 | +€18,810 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €290,000 | €25,000 | -€265,000 | -91.4% |
| Trade debts | 44 | €2,139 | €1,036 | -€1,103 | -51.6% |
| Suppliers | 440/4 | €2,139 | €1,036 | -€1,103 | -51.6% |
| Other amounts payable | 47/48 | €16,500 | €301,413 | +€284,913 | +1,727% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,380 | €9,380 | = | 0.0% |
| Other operating charges | 640/8 | €3,722 | €3,829 | +€107 | +2.9% |
| Gross operating margin | 9900 | €3,556 | €4,888 | +€1,333 | +37.5% |
| Operating profit (loss) | 9901 | -€9,546 | -€8,321 | +€1,226 | +12.8% |
| Financial charges | 65/66B | €13,506 | €12,093 | -€1,413 | -10.5% |
| Recurring financial charges | 65 | €13,506 | €12,093 | -€1,413 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,052 | -€20,413 | +€2,639 | +11.4% |
| Profit (loss) for the period | 9904 | -€23,052 | -€20,413 | +€2,639 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,052 | -€20,413 | +€2,639 | +11.4% |
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 26 October 2026 via checked.be.