GIPO: 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.
GIPO
Largest movements
- Receivables within one year +€12,984
up €12,984 (+36.4%), from €35,642 to €48,626
- Tangible fixed assets -€2,854
down €2,854 (-4.6%), from €61,556 to €58,702
- Profit (loss) carried forward +€8,700
up €8,700 (+51.2%), from €16,977 to €25,677
- Depreciation -€5,219
down €5,219 (-47.9%), from €10,885 to €5,666
- Taxes +€1,014
new in 2025: €1,014
- Gross operating margin +€926
up €926 (+6.2%), from €15,020 to €15,946
- Financial income +€877
up €877 (+52.3%), from €1,676 to €2,553
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 | €98,477 | €108,191 | +€9,714 | +9.9% |
| Fixed assets | 21/28 | €61,556 | €58,702 | -€2,854 | -4.6% |
| Tangible fixed assets | 22/27 | €61,556 | €58,702 | -€2,854 | -4.6% |
| Land and buildings | 22 | €61,556 | €58,702 | -€2,854 | -4.6% |
| Current assets | 29/58 | €36,921 | €49,489 | +€12,568 | +34.0% |
| Amounts receivable within one year | 40/41 | €35,642 | €48,626 | +€12,984 | +36.4% |
| Other amounts receivable | 41 | €35,642 | €48,626 | +€12,984 | +36.4% |
| Cash at bank and in hand | 54/58 | €878 | €447 | -€431 | -49.1% |
| Deferred charges and accrued income | 490/1 | €401 | €416 | +€15 | +3.7% |
| Total equity and liabilities | 10/49 | €98,477 | €108,191 | +€9,714 | +9.9% |
| Equity | 10/15 | €98,477 | €107,177 | +€8,700 | +8.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | - | €61,500 | +€61,500 | |
| Issued capital | 100 | - | €61,500 | +€61,500 | |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €20,000 | +€20,000 | |
| Legal reserve | 130 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €16,977 | €25,677 | +€8,700 | +51.2% |
| Amounts payable | 17/49 | - | €1,014 | +€1,014 | |
| Amounts payable within one year | 42/48 | - | €1,014 | +€1,014 | |
| Taxes, remuneration and social security | 45 | - | €1,014 | +€1,014 | |
| Taxes | 450/3 | - | €1,014 | +€1,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,885 | €5,666 | -€5,219 | -47.9% |
| Other operating charges | 640/8 | €2,860 | €2,958 | +€98 | +3.4% |
| Gross operating margin | 9900 | €15,020 | €15,946 | +€926 | +6.2% |
| Operating profit (loss) | 9901 | €1,275 | €7,322 | +€6,047 | +474.3% |
| Financial income | 75/76B | €1,676 | €2,553 | +€877 | +52.3% |
| Recurring financial income | 75 | €1,676 | €2,553 | +€877 | +52.3% |
| Financial charges | 65/66B | €153 | €161 | +€8 | +5.2% |
| Recurring financial charges | 65 | €153 | €161 | +€8 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €2,798 | €9,714 | +€6,916 | +247.2% |
| Income taxes | 67/77 | - | €1,014 | +€1,014 | |
| Profit (loss) for the period | 9904 | €2,798 | €8,700 | +€5,902 | +210.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,798 | €8,700 | +€5,902 | +210.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.