GIJBELS GROUP: 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.
What changed
GIJBELS GROUP
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9.8m
2024 · -€197,516+€10.0m
Equity
€19.6m
2024 · €12.4m+€7.2m
Cash
€203,078
2024 · €92,112+€110,966
Balance sheet total
€22.9m
2024 · €16.2m+€6.7m
Largest movements
Assets
- Receivables within one year +€4.3m
up €4.3m (+807%), from €533,926 to €4.8m
of which Other amounts receivable: +€4.2m
- Financial fixed assets +€1.3m
up €1.3m (+11.6%), from €10.9m to €12.1m
of which Affiliated companies: +€1.3m
- Receivables after one year +€826,957
new in 2025: €826,957
Equity and liabilities
- Reserves +€7.2m
up €7.2m (+58.0%), from €12.3m to €19.5m
of which Distributable reserves: +€7.2m
- Other debts -€3.6m
down €3.6m (-100%), from €3.6m to €0
- Short-term financial debts +€3.0m
new in 2025: €3.0m
Income statement
- Financial income +€10.0m
up €10.0m (+79,396%), from €12,646 to €10.1m
- Financial charges +€77,753
up €77,753 (+53.1%), from €146,444 to €224,197
- Services and other goods -€62,574
down €62,574 (-2.7%), from €2.3m to €2.2m
- Depreciation +€31,001
up €31,001 (+5,379%), from €576 to €31,577
- Turnover -€29,142
down €29,142 (-1.3%), from €2.3m to €2.3m
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.
Result 2024
-€197,516
Turnover
-€29,142
Other operating income
-€10,706
Services and other goods
+€62,574
Staff costs
-€371
Depreciation
-€31,001
Other operating charges
-€2,417
Financial income
+€10.0m
Financial charges
-€77,753
Taxes
+€18
Result 2025
€9.8m
raises the resultlowers the result
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.
From operations
+€1.0m
Investment
-€1.4m
Financing
+€537,391
Cash 2024
€92,112
From operations (derived)
+€1.0m
Net result for the year
+€9.8m
Depreciation
+€31,577
Receivables after one year
-€826,957
Receivables within one year
-€4.3m
Deferred charges and accrued income
-€42,398
Trade debts
+€170,961
Tax, wage and social debts
+€576
Other debts
-€3.6m
Accrued charges and deferred income
-€149,833
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Current investments
-€0
Financing
+€537,391
Debts after one year
+€104,689
Current portion of long-term debt
+€30,627
Short-term financial debts
+€3.0m
Contributions, distributions and other
-€2.6m
Cash 2025
€203,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,205,050 | €22,894,493 | +€6.7m | +41.3% |
| Fixed assets | 21/28 | €10,878,063 | €12,278,611 | +€1.4m | +12.9% |
| Tangible fixed assets | 22/27 | €646 | €137,445 | +€136,799 | +21,161% |
| Plant, machinery and equipment | 23 | - | €1,910 | +€1,910 | |
| Furniture and vehicles | 24 | €646 | €135,535 | +€134,888 | +20,865% |
| Financial fixed assets | 28 | €10,877,416 | €12,141,166 | +€1.3m | +11.6% |
| Affiliated companies | 280/1 | €10,790,903 | €12,040,903 | +€1.3m | +11.6% |
| Participating interests | 280 | €10,790,903 | €12,040,903 | +€1.3m | +11.6% |
| Companies linked by participating interests | 282/3 | - | €0 | = | |
| Participating interests | 282 | - | €0 | = | |
| Other financial fixed assets | 284/8 | €86,513 | €100,263 | +€13,750 | +15.9% |
| Shares | 284 | €81,513 | €100,263 | +€18,750 | +23.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,000 | €0 | -€5,000 | -100% |
| Current assets | 29/58 | €5,326,988 | €10,615,882 | +€5.3m | +99.3% |
| Amounts receivable after more than one year | 29 | - | €826,957 | +€826,957 | |
| Other amounts receivable | 291 | - | €826,957 | +€826,957 | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €533,926 | €4,842,500 | +€4.3m | +807% |
| Trade receivables | 40 | €78,154 | €153,443 | +€75,288 | +96.3% |
| Other amounts receivable | 41 | €455,772 | €4,689,057 | +€4.2m | +929% |
| Current investments | 50/53 | €4,694,411 | €4,694,411 | +€0 | 0.0% |
| Own shares | 50 | €4,694,411 | €4,694,411 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €92,112 | €203,078 | +€110,966 | +120% |
| Deferred charges and accrued income | 490/1 | €6,538 | €48,936 | +€42,398 | +648% |
| Total equity and liabilities | 10/49 | €16,205,050 | €22,894,493 | +€6.7m | +41.3% |
| Equity | 10/15 | €12,406,553 | €19,561,045 | +€7.2m | +57.7% |
| Contributions | 10/11 | €67,895 | €67,895 | = | 0.0% |
| Capital | 10 | €67,895 | €67,895 | = | 0.0% |
| Issued capital | 100 | €67,895 | €67,895 | = | 0.0% |
| Reserves | 13 | €12,338,658 | €19,493,150 | +€7.2m | +58.0% |
| Non-distributable reserves | 130/1 | €5,019,201 | €5,019,201 | +€0 | 0.0% |
| Legal reserve | 130 | €324,790 | €324,790 | -€0 | 0.0% |
| Own shares acquired | 1312 | €4,694,411 | €4,694,411 | +€0 | 0.0% |
| Distributable reserves | 133 | €7,319,457 | €14,473,949 | +€7.2m | +97.7% |
| Amounts payable | 17/49 | €3,798,497 | €3,333,449 | -€465,049 | -12.2% |
| Amounts payable after more than one year | 17 | - | €104,689 | +€104,689 | |
| Financial debts | 170/4 | - | €104,689 | +€104,689 | |
| Credit institutions | 173 | - | €104,689 | +€104,689 | |
| Amounts payable within one year | 42/48 | €3,637,335 | €3,217,430 | -€419,905 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | - | €30,627 | +€30,627 | |
| Financial debts | 43 | - | €3,002,075 | +€3.0m | |
| Credit institutions | 430/8 | - | €3,002,075 | +€3.0m | |
| Trade debts | 44 | €894 | €171,855 | +€170,961 | +19,130% |
| Suppliers | 440/4 | €894 | €171,855 | +€170,961 | +19,130% |
| Taxes, remuneration and social security | 45 | €12,297 | €12,873 | +€576 | +4.7% |
| Taxes | 450/3 | €126 | €105 | -€21 | -16.7% |
| Remuneration and social security | 454/9 | €12,171 | €12,769 | +€597 | +4.9% |
| Other amounts payable | 47/48 | €3,624,144 | €0 | -€3.6m | -100% |
| Accrued charges and deferred income | 492/3 | €161,163 | €11,330 | -€149,833 | -93.0% |
| Operating income | 70/76A | €2,348,650 | €2,308,802 | -€39,849 | -1.7% |
| Turnover | 70 | €2,330,114 | €2,300,972 | -€29,142 | -1.3% |
| Other operating income | 74 | €18,536 | €7,830 | -€10,706 | -57.8% |
| Operating charges | 60/66A | €2,412,247 | €2,383,462 | -€28,785 | -1.2% |
| Services and other goods | 61 | €2,304,221 | €2,241,647 | -€62,574 | -2.7% |
| Remuneration, social security and pensions | 62 | €106,358 | €106,729 | +€371 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €576 | €31,577 | +€31,001 | +5,379% |
| Other operating charges | 640/8 | €1,092 | €3,508 | +€2,417 | +221% |
| Operating profit (loss) | 9901 | -€63,596 | -€74,660 | -€11,064 | -17.4% |
| Financial income | 75/76B | €12,646 | €10,053,454 | +€10.0m | +79,396% |
| Recurring financial income | 75 | €12,646 | €10,053,454 | +€10.0m | +79,396% |
| Income from financial fixed assets | 750 | €2,677 | €10,008,394 | +€10.0m | +373,734% |
| Income from current assets | 751 | €991 | €45,059 | +€44,068 | +4,445% |
| Other financial income | 752/9 | €8,978 | €0 | -€8,978 | -100% |
| Financial charges | 65/66B | €146,444 | €224,197 | +€77,753 | +53.1% |
| Recurring financial charges | 65 | €146,444 | €224,197 | +€77,753 | +53.1% |
| Debt charges | 650 | €146,444 | €215,315 | +€68,871 | +47.0% |
| Other financial charges | 652/9 | - | €8,882 | +€8,882 | |
| Profit (loss) for the period before taxes | 9903 | -€197,394 | €9,754,597 | +€10.0m | |
| Income taxes | 67/77 | €122 | €105 | -€18 | -14.5% |
| Taxes | 670/3 | €126 | €105 | -€21 | -16.7% |
| Tax adjustments and reversals of tax provisions | 77 | €3 | €0 | -€3 | -100% |
| Profit (loss) for the period | 9904 | -€197,516 | €9,754,492 | +€10.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€197,516 | €9,754,492 | +€10.0m |
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.