GIBO CONSULT: 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.
GIBO CONSULT
Largest movements
- Receivables within one year -€281,975
down €281,975 (-45.9%), from €614,342 to €332,367
of which Trade receivables: -€210,427
- Cash +€140,927
up €140,927 (+65.4%), from €215,545 to €356,472
mainly Net result for the year (+€289,657) and Receivables within one year (+€281,975)
- Tangible fixed assets +€93,663
up €93,663 (+8.2%), from €1.1m to €1.2m
of which Land and buildings: +€93,672
- Reserves +€199,622
up €199,622 (+15.3%), from €1.3m to €1.5m
of which Distributable reserves: +€205,600
- Tax, wage and social debts -€123,219
down €123,219 (-48.7%), from €253,092 to €129,873
of which Taxes: -€125,165
- Other debts -€75,000
down €75,000 (-100%), from €75,000 to €0
- Debts after one year -€63,288
down €63,288 (-47.3%), from €133,862 to €70,575
- Current portion of long-term debt +€37,776
up €37,776 (+38.4%), from €98,269 to €136,045
- Gross operating margin -€244,537
down €244,537 (-38.5%), from €635,437 to €390,899
- Taxes -€34,849
down €34,849 (-22.7%), from €153,269 to €118,419
- Financial income +€21,666
up €21,666 (+27.4%), from €79,074 to €100,740
- Depreciation +€17,290
up €17,290 (+29.6%), from €58,330 to €75,620
- Financial charges -€7,254
down €7,254 (-54.1%), from €13,410 to €6,157
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 | €2,200,368 | €2,153,035 | -€47,333 | -2.2% |
| Fixed assets | 21/28 | €1,367,537 | €1,461,199 | +€93,663 | +6.8% |
| Tangible fixed assets | 22/27 | €1,140,543 | €1,234,205 | +€93,663 | +8.2% |
| Land and buildings | 22 | €1,127,437 | €1,221,109 | +€93,672 | +8.3% |
| Furniture and vehicles | 24 | €13,106 | €13,096 | -€9 | -0.1% |
| Financial fixed assets | 28 | €226,994 | €226,994 | = | 0.0% |
| Current assets | 29/58 | €832,831 | €691,835 | -€140,996 | -16.9% |
| Amounts receivable within one year | 40/41 | €614,342 | €332,367 | -€281,975 | -45.9% |
| Trade receivables | 40 | €240,677 | €30,250 | -€210,427 | -87.4% |
| Other amounts receivable | 41 | €373,666 | €302,117 | -€71,549 | -19.1% |
| Cash at bank and in hand | 54/58 | €215,545 | €356,472 | +€140,927 | +65.4% |
| Deferred charges and accrued income | 490/1 | €2,944 | €2,996 | +€52 | +1.8% |
| Total equity and liabilities | 10/49 | €2,200,368 | €2,153,035 | -€47,333 | -2.2% |
| Equity | 10/15 | €1,533,963 | €1,733,620 | +€199,657 | +13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €201,150 | €201,150 | = | 0.0% |
| Reserves | 13 | €1,306,513 | €1,506,135 | +€199,622 | +15.3% |
| Tax-exempt reserves | 132 | €229,313 | €223,335 | -€5,978 | -2.6% |
| Distributable reserves | 133 | €1,077,200 | €1,282,800 | +€205,600 | +19.1% |
| Profit (loss) carried forward | 14 | €7,700 | €7,735 | +€35 | +0.5% |
| Provisions and deferred taxes | 16 | €79,415 | €76,904 | -€2,511 | -3.2% |
| Deferred taxes | 168 | €79,415 | €76,904 | -€2,511 | -3.2% |
| Amounts payable | 17/49 | €586,990 | €342,511 | -€244,479 | -41.6% |
| Amounts payable after more than one year | 17 | €133,862 | €70,575 | -€63,288 | -47.3% |
| Financial debts | 170/4 | €133,862 | €70,575 | -€63,288 | -47.3% |
| Amounts payable within one year | 42/48 | €441,816 | €270,859 | -€170,957 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €98,269 | €136,045 | +€37,776 | +38.4% |
| Trade debts | 44 | €15,455 | €4,941 | -€10,514 | -68.0% |
| Suppliers | 440/4 | €15,455 | €4,941 | -€10,514 | -68.0% |
| Taxes, remuneration and social security | 45 | €253,092 | €129,873 | -€123,219 | -48.7% |
| Taxes | 450/3 | €253,092 | €127,927 | -€125,165 | -49.5% |
| Remuneration and social security | 454/9 | - | €1,946 | +€1,946 | |
| Other amounts payable | 47/48 | €75,000 | €0 | -€75,000 | -100% |
| Accrued charges and deferred income | 492/3 | €11,312 | €1,077 | -€10,235 | -90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,330 | €75,620 | +€17,290 | +29.6% |
| Other operating charges | 640/8 | €4,218 | €4,298 | +€80 | +1.9% |
| Gross operating margin | 9900 | €635,437 | €390,899 | -€244,537 | -38.5% |
| Operating profit (loss) | 9901 | €572,889 | €310,982 | -€261,907 | -45.7% |
| Financial income | 75/76B | €79,074 | €100,740 | +€21,666 | +27.4% |
| Recurring financial income | 75 | €79,074 | €100,740 | +€21,666 | +27.4% |
| Financial charges | 65/66B | €13,410 | €6,157 | -€7,254 | -54.1% |
| Recurring financial charges | 65 | €13,410 | €6,157 | -€7,254 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €638,553 | €405,565 | -€232,988 | -36.5% |
| Transfer from deferred taxes | 780 | €2,511 | €2,511 | = | 0.0% |
| Transfer to deferred taxes | 680 | €27,584 | €0 | -€27,584 | -100% |
| Income taxes | 67/77 | €153,269 | €118,419 | -€34,849 | -22.7% |
| Profit (loss) for the period | 9904 | €460,211 | €289,657 | -€170,554 | -37.1% |
| Transfer from tax-exempt reserves | 789 | €5,978 | €5,978 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €82,753 | €0 | -€82,753 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €383,436 | €295,635 | -€87,801 | -22.9% |
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 16 October 2026 via checked.be.