GIBO: 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.
GIBO
Largest movements
- Current investments -€869,637
no longer reported in 2025 (was €869,637)
- Financial fixed assets -€285,995
down €285,995 (-23.8%), from €1.2m to €914,017
- Debts after one year -€1.1m
down €1.1m (-99.0%), from €1.1m to €10,710
of which Other amounts payable: -€900,000
- Accrued charges and deferred income -€105,629
down €105,629 (-79.0%), from €133,629 to €28,000
- Gross operating margin +€59,276
up €59,276, from -€51,541 to €7,736
- Financial charges -€28,029
down €28,029 (-98.7%), from €28,395 to €367
- Other operating charges +€5,308
up €5,308 (+880.5%), from €603 to €5,911
- Depreciation -€2,694
down €2,694 (-81.5%), from €3,307 to €613
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 | €2,316,414 | €1,161,944 | -€1.2m | -49.8% |
| Fixed assets | 21/28 | €1,329,440 | €1,042,831 | -€286,609 | -21.6% |
| Tangible fixed assets | 22/27 | €129,427 | €128,814 | -€613 | -0.5% |
| Land and buildings | 22 | €129,427 | €128,814 | -€613 | -0.5% |
| Financial fixed assets | 28 | €1,200,012 | €914,017 | -€285,995 | -23.8% |
| Current assets | 29/58 | €986,974 | €119,113 | -€867,862 | -87.9% |
| Amounts receivable within one year | 40/41 | €95,948 | €96,863 | +€916 | +1.0% |
| Trade receivables | 40 | €4,951 | €7,300 | +€2,349 | +47.4% |
| Other amounts receivable | 41 | €90,996 | €89,563 | -€1,433 | -1.6% |
| Current investments | 50/53 | €869,637 | - | -€869,637 | |
| Cash at bank and in hand | 54/58 | €19,734 | €22,189 | +€2,456 | +12.4% |
| Deferred charges and accrued income | 490/1 | €1,656 | €60 | -€1,596 | -96.4% |
| Total equity and liabilities | 10/49 | €2,316,414 | €1,161,944 | -€1.2m | -49.8% |
| Equity | 10/15 | €1,079,303 | €1,080,149 | +€846 | +0.1% |
| Contributions | 10/11 | €451,805 | €451,805 | = | 0.0% |
| Reserves | 13 | €308,436 | €308,436 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,596 | €27,596 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,596 | €27,596 | = | 0.0% |
| Distributable reserves | 133 | €280,839 | €280,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319,062 | €319,908 | +€846 | +0.3% |
| Amounts payable | 17/49 | €1,237,111 | €81,795 | -€1.2m | -93.4% |
| Amounts payable after more than one year | 17 | €1,060,714 | €10,710 | -€1.1m | -99.0% |
| Financial debts | 170/4 | €150,004 | - | -€150,004 | |
| Other amounts payable | 178/9 | €910,710 | €10,710 | -€900,000 | -98.8% |
| Amounts payable within one year | 42/48 | €42,768 | €43,085 | +€317 | +0.7% |
| Trade debts | 44 | €42,768 | €23,085 | -€19,683 | -46.0% |
| Suppliers | 440/4 | €42,768 | €23,085 | -€19,683 | -46.0% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €133,629 | €28,000 | -€105,629 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,307 | €613 | -€2,694 | -81.5% |
| Other operating charges | 640/8 | €603 | €5,911 | +€5,308 | +880.5% |
| Gross operating margin | 9900 | -€51,541 | €7,736 | +€59,276 | |
| Operating profit (loss) | 9901 | -€55,451 | €1,212 | +€56,663 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €28,395 | €367 | -€28,029 | -98.7% |
| Recurring financial charges | 65 | €28,395 | €367 | -€28,029 | -98.7% |
| Profit (loss) for the period before taxes | 9903 | -€83,846 | €846 | +€84,692 | |
| Profit (loss) for the period | 9904 | -€83,846 | €846 | +€84,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,846 | €846 | +€84,692 |
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.