GIPLAS: 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.
GIPLAS
Largest movements
- Cash -€851,072
down €851,072 (-48.9%), from €1.7m to €888,717
mainly Investment in fixed assets (net) (-€779,471) and Debts after one year (-€666,558)
- Stocks and contracts -€528,436
down €528,436 (-38.2%), from €1.4m to €855,099
- Tangible fixed assets +€264,123
up €264,123 (+6.9%), from €3.9m to €4.1m
of which Land and buildings: +€428,724
- Debts after one year -€666,558
down €666,558 (-23.3%), from €2.9m to €2.2m
of which Other amounts payable: -€599,999
- Trade debts -€507,534
down €507,534 (-77.0%), from €659,460 to €151,926
- Current portion of long-term debt +€106,447
up €106,447 (+32.7%), from €325,112 to €431,559
- Profit (loss) carried forward +€83,779
up €83,779 (+4.1%), from €2.0m to €2.1m
- Tax, wage and social debts -€77,060
down €77,060 (-74.8%), from €103,071 to €26,010
of which Taxes: -€77,161
- Gross operating margin -€1.1m
down €1.1m (-58.4%), from €1.8m to €765,041
- Taxes -€404,957
down €404,957 (-94.7%), from €427,713 to €22,756
- Depreciation +€145,660
up €145,660 (+39.4%), from €369,689 to €515,349
- Other operating charges +€74,608
up €74,608 (+349.7%), from €21,334 to €95,941
- Financial charges -€20,654
down €20,654 (-30.2%), from €68,468 to €47,814
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,620,280 | €6,520,259 | -€1.1m | -14.4% |
| Fixed assets | 21/28 | €3,853,916 | €4,118,039 | +€264,123 | +6.9% |
| Tangible fixed assets | 22/27 | €3,851,884 | €4,116,007 | +€264,123 | +6.9% |
| Land and buildings | 22 | €1,815,785 | €2,244,509 | +€428,724 | +23.6% |
| Plant, machinery and equipment | 23 | €1,995,570 | €1,843,818 | -€151,753 | -7.6% |
| Furniture and vehicles | 24 | €40,529 | €27,680 | -€12,848 | -31.7% |
| Financial fixed assets | 28 | €2,032 | €2,032 | = | 0.0% |
| Current assets | 29/58 | €3,766,364 | €2,402,221 | -€1.4m | -36.2% |
| Stocks and contracts in progress | 3 | €1,383,534 | €855,099 | -€528,436 | -38.2% |
| Stocks | 30/36 | €1,383,534 | €855,099 | -€528,436 | -38.2% |
| Amounts receivable within one year | 40/41 | €639,231 | €618,137 | -€21,093 | -3.3% |
| Trade receivables | 40 | €102,777 | €568,362 | +€465,585 | +453.0% |
| Other amounts receivable | 41 | €536,454 | €49,775 | -€486,678 | -90.7% |
| Cash at bank and in hand | 54/58 | €1,739,789 | €888,717 | -€851,072 | -48.9% |
| Deferred charges and accrued income | 490/1 | €3,811 | €40,268 | +€36,457 | +956.8% |
| Total equity and liabilities | 10/49 | €7,620,280 | €6,520,259 | -€1.1m | -14.4% |
| Equity | 10/15 | €3,588,282 | €3,640,548 | +€52,266 | +1.5% |
| Contributions | 10/11 | €204,100 | €204,100 | = | 0.0% |
| Capital | 10 | €204,100 | €204,100 | = | 0.0% |
| Issued capital | 100 | €204,100 | €204,100 | = | 0.0% |
| Reserves | 13 | €1,245,009 | €1,227,866 | -€17,143 | -1.4% |
| Non-distributable reserves | 130/1 | €20,410 | €20,410 | = | 0.0% |
| Legal reserve | 130 | €20,410 | €20,410 | = | 0.0% |
| Tax-exempt reserves | 132 | €124,599 | €107,456 | -€17,143 | -13.8% |
| Distributable reserves | 133 | €1,100,000 | €1,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,039,304 | €2,123,083 | +€83,779 | +4.1% |
| Investment grants | 15 | €99,870 | €85,499 | -€14,370 | -14.4% |
| Provisions and deferred taxes | 16 | €48,942 | €41,610 | -€7,332 | -15.0% |
| Deferred taxes | 168 | €48,942 | €41,610 | -€7,332 | -15.0% |
| Amounts payable | 17/49 | €3,983,056 | €2,838,101 | -€1.1m | -28.7% |
| Amounts payable after more than one year | 17 | €2,864,310 | €2,197,752 | -€666,558 | -23.3% |
| Financial debts | 170/4 | €2,182,384 | €2,115,825 | -€66,559 | -3.0% |
| Other amounts payable | 178/9 | €681,926 | €81,928 | -€599,999 | -88.0% |
| Amounts payable within one year | 42/48 | €1,118,246 | €640,099 | -€478,147 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €325,112 | €431,559 | +€106,447 | +32.7% |
| Trade debts | 44 | €659,460 | €151,926 | -€507,534 | -77.0% |
| Suppliers | 440/4 | €659,460 | €151,926 | -€507,534 | -77.0% |
| Taxes, remuneration and social security | 45 | €103,071 | €26,010 | -€77,060 | -74.8% |
| Taxes | 450/3 | €100,345 | €23,184 | -€77,161 | -76.9% |
| Remuneration and social security | 454/9 | €2,725 | €2,826 | +€101 | +3.7% |
| Other amounts payable | 47/48 | €30,603 | €30,603 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €500 | €250 | -€250 | -50.0% |
| Remuneration, social security and pensions | 62 | €39,913 | €38,247 | -€1,666 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369,689 | €515,349 | +€145,660 | +39.4% |
| Other operating charges | 640/8 | €21,334 | €95,941 | +€74,608 | +349.7% |
| Gross operating margin | 9900 | €1,840,158 | €765,041 | -€1.1m | -58.4% |
| Operating profit (loss) | 9901 | €1,409,222 | €115,503 | -€1.3m | -91.8% |
| Financial income | 75/76B | €33,722 | €14,371 | -€19,352 | -57.4% |
| Recurring financial income | 75 | €33,722 | €14,371 | -€19,352 | -57.4% |
| Financial charges | 65/66B | €68,468 | €47,814 | -€20,654 | -30.2% |
| Recurring financial charges | 65 | €68,468 | €47,814 | -€20,654 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €1,374,477 | €82,060 | -€1.3m | -94.0% |
| Transfer from deferred taxes | 780 | €36,913 | €7,332 | -€29,581 | -80.1% |
| Income taxes | 67/77 | €427,713 | €22,756 | -€404,957 | -94.7% |
| Profit (loss) for the period | 9904 | €983,677 | €66,636 | -€917,041 | -93.2% |
| Transfer from tax-exempt reserves | 789 | €105,886 | €17,143 | -€88,744 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,089,563 | €83,779 | -€1.0m | -92.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.