GIPA MOTOR: 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.
GIPA MOTOR
Largest movements
- Current investments -€91,997
down €91,997 (-67.3%), from €136,639 to €44,642
- Stocks and contracts -€25,176
down €25,176 (-44.3%), from €56,888 to €31,712
- Cash -€24,845
down €24,845 (-57.0%), from €43,583 to €18,739
mainly Net result for the year (-€80,684) and Investment in fixed assets (net) (-€38,182)
- Receivables within one year -€16,825
down €16,825 (-64.8%), from €25,949 to €9,124
of which Trade receivables: -€23,547
- Deferred charges and accrued income -€12,054
down €12,054 (-71.5%), from €16,861 to €4,807
- Profit (loss) carried forward -€80,684
down €80,684 (-30.1%), from €267,993 to €187,310
- Other debts -€37,714
down €37,714 (-100%), from €37,714 to €0
- Tax, wage and social debts -€27,815
down €27,815 (-69.2%), from €40,179 to €12,364
of which Taxes: -€18,795
- Debts after one year -€26,403
down €26,403 (-9.6%), from €274,507 to €248,104
- Gross operating margin -€172,145
down €172,145 (-80.8%), from €213,094 to €40,949
- Staff costs -€50,441
down €50,441 (-42.7%), from €118,029 to €67,587
- Depreciation +€20,194
up €20,194 (+109%), from €18,543 to €38,737
- Taxes -€18,484
down €18,484 (-100%), from €18,484 to €0
- Financial charges +€9,936
up €9,936 (+1,839%), from €540 to €10,476
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 | €764,055 | €592,603 | -€171,452 | -22.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €484,135 | €483,579 | -€555 | -0.1% |
| Tangible fixed assets | 22/27 | €484,060 | €483,505 | -€555 | -0.1% |
| Land and buildings | 22 | €428,259 | €408,769 | -€19,491 | -4.6% |
| Plant, machinery and equipment | 23 | €15,592 | €12,134 | -€3,457 | -22.2% |
| Furniture and vehicles | 24 | €10,222 | €37,654 | +€27,432 | +268% |
| Other tangible fixed assets | 26 | €29,987 | €24,948 | -€5,039 | -16.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €279,921 | €109,024 | -€170,897 | -61.1% |
| Stocks and contracts in progress | 3 | €56,888 | €31,712 | -€25,176 | -44.3% |
| Stocks | 30/36 | €56,888 | €31,712 | -€25,176 | -44.3% |
| Amounts receivable within one year | 40/41 | €25,949 | €9,124 | -€16,825 | -64.8% |
| Trade receivables | 40 | €25,128 | €1,580 | -€23,547 | -93.7% |
| Other amounts receivable | 41 | €822 | €7,544 | +€6,722 | +818% |
| Current investments | 50/53 | €136,639 | €44,642 | -€91,997 | -67.3% |
| Cash at bank and in hand | 54/58 | €43,583 | €18,739 | -€24,845 | -57.0% |
| Deferred charges and accrued income | 490/1 | €16,861 | €4,807 | -€12,054 | -71.5% |
| Total equity and liabilities | 10/49 | €764,055 | €592,603 | -€171,452 | -22.4% |
| Equity | 10/15 | €379,993 | €299,310 | -€80,684 | -21.2% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €77,000 | €77,000 | = | 0.0% |
| Distributable reserves | 133 | €77,000 | €77,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267,993 | €187,310 | -€80,684 | -30.1% |
| Amounts payable | 17/49 | €384,062 | €293,293 | -€90,768 | -23.6% |
| Amounts payable after more than one year | 17 | €274,507 | €248,104 | -€26,403 | -9.6% |
| Financial debts | 170/4 | €274,507 | €248,104 | -€26,403 | -9.6% |
| Amounts payable within one year | 42/48 | €109,554 | €44,377 | -€65,177 | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €25,493 | €28,561 | +€3,068 | +12.0% |
| Trade debts | 44 | €5,451 | €3,451 | -€2,000 | -36.7% |
| Suppliers | 440/4 | €5,451 | €3,451 | -€2,000 | -36.7% |
| Advances received on contracts in progress | 46 | €716 | €0 | -€716 | -100% |
| Taxes, remuneration and social security | 45 | €40,179 | €12,364 | -€27,815 | -69.2% |
| Taxes | 450/3 | €26,459 | €7,664 | -€18,795 | -71.0% |
| Remuneration and social security | 454/9 | €13,720 | €4,700 | -€9,020 | -65.7% |
| Other amounts payable | 47/48 | €37,714 | €0 | -€37,714 | -100% |
| Accrued charges and deferred income | 492/3 | €1 | €812 | +€811 | +80,331% |
| Non-recurring operating income | 76A | €1,200 | €23,352 | +€22,152 | +1,846% |
| Remuneration, social security and pensions | 62 | €118,029 | €67,587 | -€50,441 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,543 | €38,737 | +€20,194 | +109% |
| Other operating charges | 640/8 | €3,658 | €8,039 | +€4,381 | +120% |
| Non-recurring operating charges | 66A | €500 | €227 | -€273 | -54.6% |
| Gross operating margin | 9900 | €213,094 | €40,949 | -€172,145 | -80.8% |
| Operating profit (loss) | 9901 | €72,365 | -€73,641 | -€146,006 | |
| Financial income | 75/76B | €481 | €3,433 | +€2,952 | +614% |
| Recurring financial income | 75 | €481 | €3,433 | +€2,952 | +614% |
| Financial charges | 65/66B | €540 | €10,476 | +€9,936 | +1,839% |
| Recurring financial charges | 65 | €540 | €10,476 | +€9,936 | +1,839% |
| Profit (loss) for the period before taxes | 9903 | €72,305 | -€80,684 | -€152,989 | |
| Income taxes | 67/77 | €18,484 | €0 | -€18,484 | -100% |
| Profit (loss) for the period | 9904 | €53,821 | -€80,684 | -€134,505 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,821 | -€80,684 | -€134,505 |
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 1 November 2026 via checked.be.