GIPP: 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.
GIPP
Largest movements
- Receivables within one year +€14,652
up €14,652 (+19.4%), from €75,687 to €90,339
of which Other amounts receivable: +€13,367
- Trade debts +€9,309
up €9,309 (+302.7%), from €3,075 to €12,384
- Profit (loss) carried forward +€2,822
up €2,822 (+5.8%), from €48,632 to €51,454
- Advances received +€2,150
up €2,150 (+143.0%), from €1,504 to €3,654
- Gross operating margin -€6,388
down €6,388 (-48.0%), from €13,321 to €6,933
- Financial charges +€730
up €730 (+40.2%), from €1,818 to €2,548
- Financial income -€620
no longer reported in 2025 (was €620)
- Other operating charges +€581
new in 2025: €581
- Taxes +€561
up €561 (+133.4%), from €421 to €982
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,762 | €90,564 | +€14,802 | +19.5% |
| Fixed assets | 21/28 | €75 | €225 | +€150 | +200.0% |
| Financial fixed assets | 28 | €75 | €225 | +€150 | +200.0% |
| Current assets | 29/58 | €75,687 | €90,339 | +€14,652 | +19.4% |
| Amounts receivable within one year | 40/41 | €75,687 | €90,339 | +€14,652 | +19.4% |
| Trade receivables | 40 | €1,495 | €2,780 | +€1,285 | +86.0% |
| Other amounts receivable | 41 | €74,192 | €87,559 | +€13,367 | +18.0% |
| Total equity and liabilities | 10/49 | €75,762 | €90,564 | +€14,802 | +19.5% |
| Equity | 10/15 | €56,692 | €59,514 | +€2,822 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,632 | €51,454 | +€2,822 | +5.8% |
| Amounts payable | 17/49 | €19,071 | €31,051 | +€11,980 | +62.8% |
| Amounts payable within one year | 42/48 | €19,071 | €31,051 | +€11,980 | +62.8% |
| Financial debts | 43 | €14,071 | €14,030 | -€40 | -0.3% |
| Credit institutions | 430/8 | €14,071 | €14,030 | -€40 | -0.3% |
| Trade debts | 44 | €3,075 | €12,384 | +€9,309 | +302.7% |
| Suppliers | 440/4 | €3,075 | €12,384 | +€9,309 | +302.7% |
| Advances received on contracts in progress | 46 | €1,504 | €3,654 | +€2,150 | +143.0% |
| Taxes, remuneration and social security | 45 | €421 | €982 | +€561 | +133.4% |
| Taxes | 450/3 | €421 | €982 | +€561 | +133.4% |
| Other operating charges | 640/8 | - | €581 | +€581 | |
| Gross operating margin | 9900 | €13,321 | €6,933 | -€6,388 | -48.0% |
| Operating profit (loss) | 9901 | €13,321 | €6,352 | -€6,968 | -52.3% |
| Financial income | 75/76B | €620 | - | -€620 | |
| Recurring financial income | 75 | €620 | - | -€620 | |
| Financial charges | 65/66B | €1,818 | €2,548 | +€730 | +40.2% |
| Recurring financial charges | 65 | €1,818 | €2,548 | +€730 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €12,123 | €3,804 | -€8,318 | -68.6% |
| Income taxes | 67/77 | €421 | €982 | +€561 | +133.4% |
| Profit (loss) for the period | 9904 | €11,702 | €2,822 | -€8,880 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,702 | €2,822 | -€8,880 | -75.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.