GIBOSTAR: 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.
GIBOSTAR
Largest movements
- Cash -€49,472
down €49,472 (-92.6%), from €53,428 to €3,956
mainly Net result for the year (-€35,270) and Other debts (-€20,516)
- Receivables within one year -€12,948
down €12,948 (-34.6%), from €37,429 to €24,481
of which Trade receivables: -€12,502
- Tangible fixed assets -€4,001
down €4,001 (-5.0%), from €80,283 to €76,282
- Current investments +€2,400
up €2,400 (+14.8%), from €16,210 to €18,610
- Reserves -€34,000
down €34,000 (-27.0%), from €125,789 to €91,789
- Other debts -€20,516
down €20,516 (-95.9%), from €21,391 to €875
- Tax, wage and social debts -€9,354
down €9,354 (-47.4%), from €19,750 to €10,396
of which Taxes: -€12,838
- Gross operating margin -€58,865
down €58,865, from €29,380 to -€29,485
- Taxes -€6,341
down €6,341 (-97.9%), from €6,474 to €133
- Financial income +€707
up €707 (+82,258%), from €1 to €708
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.
Derived cash bridge
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 | €188,177 | €123,642 | -€64,535 | -34.3% |
| Fixed assets | 21/28 | €80,283 | €76,282 | -€4,001 | -5.0% |
| Tangible fixed assets | 22/27 | €80,283 | €76,282 | -€4,001 | -5.0% |
| Land and buildings | 22 | €80,283 | €76,282 | -€4,001 | -5.0% |
| Current assets | 29/58 | €107,894 | €47,360 | -€60,534 | -56.1% |
| Amounts receivable within one year | 40/41 | €37,429 | €24,481 | -€12,948 | -34.6% |
| Trade receivables | 40 | €29,903 | €17,401 | -€12,502 | -41.8% |
| Other amounts receivable | 41 | €7,526 | €7,080 | -€447 | -5.9% |
| Current investments | 50/53 | €16,210 | €18,610 | +€2,400 | +14.8% |
| Cash at bank and in hand | 54/58 | €53,428 | €3,956 | -€49,472 | -92.6% |
| Deferred charges and accrued income | 490/1 | €827 | €314 | -€513 | -62.1% |
| Total equity and liabilities | 10/49 | €188,177 | €123,642 | -€64,535 | -34.3% |
| Equity | 10/15 | €146,182 | €110,912 | -€35,270 | -24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,789 | €91,789 | -€34,000 | -27.0% |
| Distributable reserves | 133 | €125,789 | €91,789 | -€34,000 | -27.0% |
| Profit (loss) carried forward | 14 | €1,793 | €523 | -€1,270 | -70.8% |
| Amounts payable | 17/49 | €41,995 | €12,731 | -€29,265 | -69.7% |
| Amounts payable within one year | 42/48 | €41,992 | €12,706 | -€29,286 | -69.7% |
| Trade debts | 44 | €852 | €1,436 | +€584 | +68.6% |
| Suppliers | 440/4 | €852 | €1,436 | +€584 | +68.6% |
| Taxes, remuneration and social security | 45 | €19,750 | €10,396 | -€9,354 | -47.4% |
| Taxes | 450/3 | €17,504 | €4,666 | -€12,838 | -73.3% |
| Remuneration and social security | 454/9 | €2,246 | €5,730 | +€3,483 | +155% |
| Other amounts payable | 47/48 | €21,391 | €875 | -€20,516 | -95.9% |
| Accrued charges and deferred income | 492/3 | €3 | €24 | +€21 | +744% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,001 | €4,001 | = | 0.0% |
| Other operating charges | 640/8 | €1,771 | €1,785 | +€14 | +0.8% |
| Gross operating margin | 9900 | €29,380 | -€29,485 | -€58,865 | |
| Operating profit (loss) | 9901 | €23,608 | -€35,271 | -€58,879 | |
| Financial income | 75/76B | €1 | €708 | +€707 | +82,258% |
| Recurring financial income | 75 | €1 | €708 | +€707 | +82,258% |
| Financial charges | 65/66B | €489 | €575 | +€86 | +17.5% |
| Recurring financial charges | 65 | €489 | €575 | +€86 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €23,120 | -€35,137 | -€58,257 | |
| Income taxes | 67/77 | €6,474 | €133 | -€6,341 | -97.9% |
| Profit (loss) for the period | 9904 | €16,646 | -€35,270 | -€51,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,646 | -€35,270 | -€51,916 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.