GIJSBRECHTS: what changed
GIJSBRECHTS
Largest movements
- Cash -€30,796
down €30,796 (-17.9%), from €172,029 to €141,234
mainly Contributions, distributions and other (-€53,884) and Investment in fixed assets (net) (-€30,405)
- Tangible fixed assets +€25,125
up €25,125 (+684%), from €3,671 to €28,796
of which Furniture and vehicles: +€26,048
- Receivables within one year -€10,519
down €10,519 (-28.9%), from €36,336 to €25,818
of which Trade receivables: -€11,704
- Deferred charges and accrued income +€4,280
up €4,280 (+820%), from €522 to €4,801
- Reserves -€29,163
down €29,163 (-13.7%), from €213,028 to €183,865
- Trade debts +€22,443
up €22,443 (+170%), from €13,208 to €35,650
- Tax, wage and social debts -€4,606
down €4,606 (-32.2%), from €14,315 to €9,709
- Gross operating margin -€24,330
down €24,330 (-37.4%), from €65,099 to €40,769
- Taxes -€8,048
down €8,048 (-46.9%), from €17,177 to €9,129
- Depreciation +€3,761
up €3,761 (+248%), from €1,519 to €5,280
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €249,656 | €238,348 | -€11,308 | -4.5% |
| Fixed assets | 21/28 | €3,671 | €28,796 | +€25,125 | +684% |
| Tangible fixed assets | 22/27 | €3,671 | €28,796 | +€25,125 | +684% |
| Land and buildings | 22 | €2,529 | €2,057 | -€472 | -18.7% |
| Plant, machinery and equipment | 23 | €1,119 | €668 | -€451 | -40.3% |
| Furniture and vehicles | 24 | €24 | €26,072 | +€26,048 | +108,352% |
| Current assets | 29/58 | €245,985 | €209,552 | -€36,433 | -14.8% |
| Stocks and contracts in progress | 3 | €12,707 | €13,309 | +€602 | +4.7% |
| Stocks | 30/36 | €12,707 | €13,309 | +€602 | +4.7% |
| Amounts receivable within one year | 40/41 | €36,336 | €25,818 | -€10,519 | -28.9% |
| Trade receivables | 40 | €30,051 | €18,347 | -€11,704 | -38.9% |
| Other amounts receivable | 41 | €6,285 | €7,471 | +€1,186 | +18.9% |
| Current investments | 50/53 | €24,390 | €24,390 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €172,029 | €141,234 | -€30,796 | -17.9% |
| Deferred charges and accrued income | 490/1 | €522 | €4,801 | +€4,280 | +820% |
| Total equity and liabilities | 10/49 | €249,656 | €238,348 | -€11,308 | -4.5% |
| Equity | 10/15 | €219,228 | €190,065 | -€29,163 | -13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,028 | €183,865 | -€29,163 | -13.7% |
| Distributable reserves | 133 | €213,028 | €183,865 | -€29,163 | -13.7% |
| Amounts payable | 17/49 | €30,428 | €48,283 | +€17,856 | +58.7% |
| Amounts payable within one year | 42/48 | €27,523 | €45,359 | +€17,836 | +64.8% |
| Trade debts | 44 | €13,208 | €35,650 | +€22,443 | +170% |
| Suppliers | 440/4 | €13,208 | €35,650 | +€22,443 | +170% |
| Taxes, remuneration and social security | 45 | €14,315 | €9,709 | -€4,606 | -32.2% |
| Taxes | 450/3 | €14,315 | €9,709 | -€4,606 | -32.2% |
| Accrued charges and deferred income | 492/3 | €2,905 | €2,924 | +€19 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,519 | €5,280 | +€3,761 | +248% |
| Other operating charges | 640/8 | €1,930 | €1,665 | -€266 | -13.8% |
| Gross operating margin | 9900 | €65,099 | €40,769 | -€24,330 | -37.4% |
| Operating profit (loss) | 9901 | €61,650 | €33,824 | -€27,825 | -45.1% |
| Financial income | 75/76B | €160 | €197 | +€37 | +23.2% |
| Recurring financial income | 75 | €160 | €197 | +€37 | +23.2% |
| Financial charges | 65/66B | €165 | €172 | +€6 | +3.8% |
| Recurring financial charges | 65 | €165 | €172 | +€6 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €61,644 | €33,850 | -€27,795 | -45.1% |
| Income taxes | 67/77 | €17,177 | €9,129 | -€8,048 | -46.9% |
| Profit (loss) for the period | 9904 | €44,467 | €24,720 | -€19,747 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,467 | €24,720 | -€19,747 | -44.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.