Gilbos: 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.
What changed
Gilbos
NACE 28.940, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€766,770
2024 · €19,636-€786,405
Equity
€5.2m
2024 · €6.0m-€766,770
Cash
€1.0m
2024 · €1.8m-€787,177
Balance sheet total
€8.1m
2024 · €9.9m-€1.8m
Largest movements
Assets
- Stocks and contracts -€830,675
down €830,675 (-35.2%), from €2.4m to €1.5m
of which Contracts in progress: -€465,087
- Cash -€787,177
down €787,177 (-42.8%), from €1.8m to €1.0m
mainly Advances received (-€1.2m) and Net result for the year (-€766,770)
- Tangible fixed assets -€374,794
down €374,794 (-15.3%), from €2.5m to €2.1m
- Intangible fixed assets +€289,296
up €289,296 (+29.5%), from €980,501 to €1.3m
Equity and liabilities
- Advances received -€1.2m
down €1.2m (-88.5%), from €1.3m to €151,486
- Profit (loss) carried forward -€766,770
down €766,770 (-29.1%), from €2.6m to €1.9m
- Provisions +€192,510
up €192,510 (+26.9%), from €716,796 to €909,305
- Trade debts +€169,444
up €169,444 (+39.9%), from €424,150 to €593,594
- Debts after one year -€126,324
down €126,324 (-29.4%), from €429,361 to €303,037
Income statement
- Financial income +€372,976
up €372,976 (+203.0%), from €183,728 to €556,704
of which Non-recurring financial income: +€358,558
- Provisions +€192,003
up €192,003 (+37866.6%), from €507 to €192,510
- Turnover -€134,014
down €134,014 (-1.3%), from €9.9m to €9.8m
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
€19,636
Turnover
-€134,014
Other operating income
-€51,486
Goods and materials
-€50,098
Services and other goods
-€55,945
Staff costs
-€37,008
Depreciation
-€85,727
Write-downs
+€50
Provisions
-€192,003
Other operating charges
-€4,665
Other operating items
-€552,499
Financial income
+€372,976
Financial charges
+€3,431
Taxes
+€583
Result 2025
-€766,770
Cash bridge derived
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
-€42,252
Investment
-€632,848
Financing
-€112,077
Cash 2024
€1.8m
From operations (derived)
-€42,252
Net result for the year
-€766,770
Depreciation
+€724,979
Stocks and contracts
+€830,675
Receivables within one year
+€92,862
Deferred charges and accrued income
-€3,334
Provisions
+€192,510
Trade debts
+€169,444
Tax, wage and social debts
-€5,812
Advances received
-€1.2m
Other debts
-€1,885
Accrued charges and deferred income
-€114,583
Investment (derived)
-€632,848
Investment in fixed assets (net)
-€632,842
Current investments
-€7
Financing
-€112,077
Debts after one year
-€126,324
Current portion of long-term debt
+€14,247
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,881,029 | €8,081,518 | -€1.8m | -18.2% |
| Fixed assets | 21/28 | €3,654,258 | €3,562,121 | -€92,137 | -2.5% |
| Intangible fixed assets | 21 | €980,501 | €1,269,797 | +€289,296 | +29.5% |
| Tangible fixed assets | 22/27 | €2,451,512 | €2,076,718 | -€374,794 | -15.3% |
| Land and buildings | 22 | €1,311,130 | €1,210,518 | -€100,612 | -7.7% |
| Plant, machinery and equipment | 23 | €232,339 | €88,463 | -€143,877 | -61.9% |
| Furniture and vehicles | 24 | €2,565 | €616 | -€1,950 | -76.0% |
| Leasing and similar rights | 25 | €567,032 | €507,513 | -€59,519 | -10.5% |
| Other tangible fixed assets | 26 | €338,444 | €269,608 | -€68,836 | -20.3% |
| Financial fixed assets | 28 | €222,245 | €215,606 | -€6,639 | -3.0% |
| Affiliated companies | 280/1 | €218,995 | €212,356 | -€6,639 | -3.0% |
| Participating interests | 280 | €218,995 | €212,356 | -€6,639 | -3.0% |
| Companies linked by participating interests | 282/3 | €3,250 | €3,250 | = | 0.0% |
| Participating interests | 282 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €6,226,770 | €4,519,397 | -€1.7m | -27.4% |
| Stocks and contracts in progress | 3 | €2,362,361 | €1,531,686 | -€830,675 | -35.2% |
| Stocks | 30/36 | €1,407,687 | €1,042,099 | -€365,588 | -26.0% |
| Raw materials and consumables | 30/31 | €135,799 | €101,316 | -€34,484 | -25.4% |
| Work in progress | 32 | €23,222 | €7,535 | -€15,688 | -67.6% |
| Finished goods | 33 | €1,248,665 | €933,248 | -€315,417 | -25.3% |
| Contracts in progress | 37 | €954,674 | €489,587 | -€465,087 | -48.7% |
| Amounts receivable within one year | 40/41 | €1,948,777 | €1,855,915 | -€92,862 | -4.8% |
| Trade receivables | 40 | €1,862,618 | €1,784,419 | -€78,200 | -4.2% |
| Other amounts receivable | 41 | €86,158 | €71,496 | -€14,662 | -17.0% |
| Current investments | 50/53 | €1,575 | €1,582 | +€7 | +0.4% |
| Other investments | 51/53 | €1,575 | €1,582 | +€7 | +0.4% |
| Cash at bank and in hand | 54/58 | €1,837,078 | €1,049,901 | -€787,177 | -42.8% |
| Deferred charges and accrued income | 490/1 | €76,979 | €80,314 | +€3,334 | +4.3% |
| Total equity and liabilities | 10/49 | €9,881,029 | €8,081,518 | -€1.8m | -18.2% |
| Equity | 10/15 | €5,974,840 | €5,208,070 | -€766,770 | -12.8% |
| Contributions | 10/11 | €746,000 | €746,000 | = | 0.0% |
| Capital | 10 | €746,000 | €746,000 | = | 0.0% |
| Issued capital | 100 | €746,000 | €746,000 | = | 0.0% |
| Reserves | 13 | €2,591,940 | €2,591,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,600 | €74,600 | = | 0.0% |
| Legal reserve | 130 | €74,600 | €74,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €155,869 | €155,869 | = | 0.0% |
| Distributable reserves | 133 | €2,361,471 | €2,361,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,636,900 | €1,870,130 | -€766,770 | -29.1% |
| Provisions and deferred taxes | 16 | €716,796 | €909,305 | +€192,510 | +26.9% |
| Provisions for liabilities and charges | 160/5 | €716,796 | €909,305 | +€192,510 | +26.9% |
| Pensions and similar obligations | 160 | €14,191 | €5,133 | -€9,058 | -63.8% |
| Environmental obligations | 163 | €616,406 | €610,306 | -€6,100 | -1.0% |
| Other liabilities and charges | 164/5 | €86,198 | €293,866 | +€207,668 | +240.9% |
| Amounts payable | 17/49 | €3,189,393 | €1,964,143 | -€1.2m | -38.4% |
| Amounts payable after more than one year | 17 | €429,361 | €303,037 | -€126,324 | -29.4% |
| Financial debts | 170/4 | €429,361 | €303,037 | -€126,324 | -29.4% |
| Leasing and similar obligations | 172 | €429,361 | €303,037 | -€126,324 | -29.4% |
| Amounts payable within one year | 42/48 | €2,628,955 | €1,644,612 | -€984,343 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €102,560 | €116,806 | +€14,247 | +13.9% |
| Trade debts | 44 | €424,150 | €593,594 | +€169,444 | +39.9% |
| Suppliers | 440/4 | €424,150 | €593,594 | +€169,444 | +39.9% |
| Advances received on contracts in progress | 46 | €1,311,824 | €151,486 | -€1.2m | -88.5% |
| Taxes, remuneration and social security | 45 | €744,889 | €739,077 | -€5,812 | -0.8% |
| Taxes | 450/3 | €118,227 | €122,901 | +€4,674 | +4.0% |
| Remuneration and social security | 454/9 | €626,662 | €616,177 | -€10,485 | -1.7% |
| Other amounts payable | 47/48 | €45,533 | €43,648 | -€1,885 | -4.1% |
| Accrued charges and deferred income | 492/3 | €131,077 | €16,494 | -€114,583 | -87.4% |
| Operating income | 70/76A | €9,915,854 | €9,177,855 | -€737,999 | -7.4% |
| Turnover | 70 | €9,938,630 | €9,804,616 | -€134,014 | -1.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€540,021 | -€796,192 | -€256,171 | -47.4% |
| Own construction capitalised | 72 | €344,181 | €0 | -€344,181 | -100.0% |
| Other operating income | 74 | €169,191 | €117,706 | -€51,486 | -30.4% |
| Non-recurring operating income | 76A | €3,872 | €51,725 | +€47,852 | +1235.7% |
| Operating charges | 60/66A | €9,822,010 | €10,247,406 | +€425,396 | +4.3% |
| Goods for resale, raw materials and consumables | 60 | €2,584,581 | €2,634,679 | +€50,098 | +1.9% |
| Purchases | 600/8 | €2,527,472 | €2,600,196 | +€72,724 | +2.9% |
| Change in stocks: decrease (increase) | 609 | €57,110 | €34,484 | -€22,626 | -39.6% |
| Services and other goods | 61 | €2,188,394 | €2,244,339 | +€55,945 | +2.6% |
| Remuneration, social security and pensions | 62 | €4,291,256 | €4,328,264 | +€37,008 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639,252 | €724,979 | +€85,727 | +13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50 | €0 | -€50 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €507 | €192,510 | +€192,003 | +37866.6% |
| Other operating charges | 640/8 | €117,970 | €122,636 | +€4,665 | +4.0% |
| Operating profit (loss) | 9901 | €93,843 | -€1,069,552 | -€1.2m | |
| Financial income | 75/76B | €183,728 | €556,704 | +€372,976 | +203.0% |
| Recurring financial income | 75 | €183,728 | €198,146 | +€14,419 | +7.8% |
| Income from financial fixed assets | 750 | €8 | €0 | -€8 | -100.0% |
| Income from current assets | 751 | - | €9 | +€9 | |
| Other financial income | 752/9 | €183,719 | €198,137 | +€14,418 | +7.8% |
| Non-recurring financial income | 76B | - | €358,558 | +€358,558 | |
| Financial charges | 65/66B | €256,197 | €252,766 | -€3,431 | -1.3% |
| Recurring financial charges | 65 | €256,197 | €252,766 | -€3,431 | -1.3% |
| Debt charges | 650 | €38,512 | €32,338 | -€6,174 | -16.0% |
| Other financial charges | 652/9 | €217,685 | €220,428 | +€2,743 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €21,374 | -€765,614 | -€786,988 | |
| Income taxes | 67/77 | €1,738 | €1,155 | -€583 | -33.5% |
| Taxes | 670/3 | €1,740 | €1,155 | -€585 | -33.6% |
| Tax adjustments and reversals of tax provisions | 77 | €2 | - | -€2 | |
| Profit (loss) for the period | 9904 | €19,636 | -€766,770 | -€786,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,636 | -€766,770 | -€786,405 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.