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
- Tangible fixed assets -€25,753
down €25,753 (-7.7%), from €335,997 to €310,244
of which Land and buildings: -€22,365
- Stocks and contracts +€11,170
up €11,170 (+4.7%), from €235,287 to €246,457
- Deferred charges and accrued income +€9,340
up €9,340 (+150.8%), from €6,193 to €15,533
- Short-term financial debts +€18,342
up €18,342 (+917.1%), from €2,000 to €20,342
of which Credit institutions: +€18,342
- Other debts -€18,081
down €18,081 (-41.0%), from €44,060 to €25,979
- Debts after one year -€15,463
down €15,463 (-7.9%), from €195,673 to €180,210
- Reserves +€15,000
up €15,000 (+9.5%), from €158,668 to €173,668
- Gross operating margin -€13,345
down €13,345 (-11.0%), from €121,668 to €108,323
- Depreciation -€4,403
down €4,403 (-13.6%), from €32,437 to €28,034
- Taxes -€3,644
down €3,644 (-36.3%), from €10,031 to €6,387
- Financial income -€2,665
down €2,665 (-19.3%), from €13,838 to €11,173
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,061 | €590,309 | -€4,752 | -0.8% |
| Fixed assets | 21/28 | €338,729 | €312,976 | -€25,753 | -7.6% |
| Tangible fixed assets | 22/27 | €335,997 | €310,244 | -€25,753 | -7.7% |
| Land and buildings | 22 | €311,861 | €289,496 | -€22,365 | -7.2% |
| Plant, machinery and equipment | 23 | €21,906 | €20,748 | -€1,158 | -5.3% |
| Furniture and vehicles | 24 | €2,230 | - | -€2,230 | |
| Financial fixed assets | 28 | €2,732 | €2,732 | = | 0.0% |
| Current assets | 29/58 | €256,332 | €277,333 | +€21,001 | +8.2% |
| Stocks and contracts in progress | 3 | €235,287 | €246,457 | +€11,170 | +4.7% |
| Stocks | 30/36 | €235,287 | €246,457 | +€11,170 | +4.7% |
| Amounts receivable within one year | 40/41 | €2,066 | €7,582 | +€5,516 | +267.0% |
| Trade receivables | 40 | €97 | - | -€97 | |
| Other amounts receivable | 41 | €1,969 | €7,582 | +€5,613 | +285.1% |
| Cash at bank and in hand | 54/58 | €12,786 | €7,761 | -€5,025 | -39.3% |
| Deferred charges and accrued income | 490/1 | €6,193 | €15,533 | +€9,340 | +150.8% |
| Total equity and liabilities | 10/49 | €595,061 | €590,309 | -€4,752 | -0.8% |
| Equity | 10/15 | €304,308 | €318,740 | +€14,432 | +4.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €158,668 | €173,668 | +€15,000 | +9.5% |
| Distributable reserves | 133 | €158,668 | €173,668 | +€15,000 | +9.5% |
| Profit (loss) carried forward | 14 | €80,640 | €80,072 | -€568 | -0.7% |
| Amounts payable | 17/49 | €290,753 | €271,569 | -€19,184 | -6.6% |
| Amounts payable after more than one year | 17 | €195,673 | €180,210 | -€15,463 | -7.9% |
| Financial debts | 170/4 | €195,673 | €180,210 | -€15,463 | -7.9% |
| Amounts payable within one year | 42/48 | €92,113 | €88,159 | -€3,954 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €18,566 | €15,463 | -€3,103 | -16.7% |
| Financial debts | 43 | €2,000 | €20,342 | +€18,342 | +917.1% |
| Credit institutions | 430/8 | - | €18,342 | +€18,342 | |
| Other loans | 439 | €2,000 | €2,000 | = | 0.0% |
| Trade debts | 44 | €6,451 | €7,709 | +€1,258 | +19.5% |
| Suppliers | 440/4 | €6,451 | €7,709 | +€1,258 | +19.5% |
| Taxes, remuneration and social security | 45 | €21,036 | €18,666 | -€2,370 | -11.3% |
| Taxes | 450/3 | €11,545 | €10,498 | -€1,047 | -9.1% |
| Remuneration and social security | 454/9 | €9,491 | €8,168 | -€1,323 | -13.9% |
| Other amounts payable | 47/48 | €44,060 | €25,979 | -€18,081 | -41.0% |
| Accrued charges and deferred income | 492/3 | €2,967 | €3,200 | +€233 | +7.9% |
| Remuneration, social security and pensions | 62 | €54,045 | €53,518 | -€527 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,437 | €28,034 | -€4,403 | -13.6% |
| Other operating charges | 640/8 | €6,346 | €6,797 | +€451 | +7.1% |
| Gross operating margin | 9900 | €121,668 | €108,323 | -€13,345 | -11.0% |
| Operating profit (loss) | 9901 | €28,840 | €19,974 | -€8,866 | -30.7% |
| Financial income | 75/76B | €13,838 | €11,173 | -€2,665 | -19.3% |
| Recurring financial income | 75 | €13,838 | €11,173 | -€2,665 | -19.3% |
| Financial charges | 65/66B | €9,591 | €9,518 | -€73 | -0.8% |
| Recurring financial charges | 65 | €9,591 | €9,518 | -€73 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €33,087 | €21,629 | -€11,458 | -34.6% |
| Income taxes | 67/77 | €10,031 | €6,387 | -€3,644 | -36.3% |
| Profit (loss) for the period | 9904 | €23,056 | €15,242 | -€7,814 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,056 | €15,242 | -€7,814 | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.