GIPS Management Services: 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.
GIPS Management Services
Largest movements
- Cash +€31,719
up €31,719 (+20.1%), from €158,089 to €189,808
mainly Net result for the year (+€28,772) and Receivables within one year (+€16,293)
- Receivables within one year -€16,293
down €16,293 (-97.6%), from €16,695 to €402
of which Trade receivables: -€11,344
- Tangible fixed assets +€10,544
up €10,544 (+27.3%), from €38,669 to €49,213
of which Furniture and vehicles: +€13,755
- Profit (loss) carried forward +€28,772
new in 2025: €28,772
- Gross operating margin -€51,749
down €51,749 (-49.9%), from €103,715 to €51,967
- Taxes -€18,826
down €18,826 (-62.0%), from €30,357 to €11,531
- Depreciation +€2,150
up €2,150 (+24.4%), from €8,821 to €10,971
- Financial charges -€1,214
down €1,214 (-50.0%), from €2,426 to €1,212
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 | €214,257 | €240,087 | +€25,830 | +12.1% |
| Fixed assets | 21/28 | €38,669 | €49,213 | +€10,544 | +27.3% |
| Tangible fixed assets | 22/27 | €38,669 | €49,213 | +€10,544 | +27.3% |
| Furniture and vehicles | 24 | €12,559 | €26,314 | +€13,755 | +110% |
| Other tangible fixed assets | 26 | €26,110 | €22,899 | -€3,210 | -12.3% |
| Current assets | 29/58 | €175,588 | €190,874 | +€15,286 | +8.7% |
| Amounts receivable within one year | 40/41 | €16,695 | €402 | -€16,293 | -97.6% |
| Trade receivables | 40 | €11,344 | €0 | -€11,344 | -100% |
| Other amounts receivable | 41 | €5,351 | €402 | -€4,950 | -92.5% |
| Cash at bank and in hand | 54/58 | €158,089 | €189,808 | +€31,719 | +20.1% |
| Deferred charges and accrued income | 490/1 | €803 | €664 | -€139 | -17.3% |
| Total equity and liabilities | 10/49 | €214,257 | €240,087 | +€25,830 | +12.1% |
| Equity | 10/15 | €201,656 | €230,428 | +€28,772 | +14.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €189,256 | €189,256 | = | 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% |
| Distributable reserves | 133 | €187,396 | €187,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €28,772 | +€28,772 | |
| Amounts payable | 17/49 | €12,600 | €9,659 | -€2,941 | -23.3% |
| Amounts payable within one year | 42/48 | €12,506 | €9,598 | -€2,908 | -23.3% |
| Trade debts | 44 | €1,846 | €1,598 | -€248 | -13.4% |
| Suppliers | 440/4 | €1,846 | €1,598 | -€248 | -13.4% |
| Taxes, remuneration and social security | 45 | €6,581 | €4,241 | -€2,340 | -35.6% |
| Taxes | 450/3 | €6,581 | €4,241 | -€2,340 | -35.6% |
| Other amounts payable | 47/48 | €4,079 | €3,760 | -€319 | -7.8% |
| Accrued charges and deferred income | 492/3 | €94 | €61 | -€33 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,821 | €10,971 | +€2,150 | +24.4% |
| Other operating charges | 640/8 | €705 | €623 | -€82 | -11.6% |
| Gross operating margin | 9900 | €103,715 | €51,967 | -€51,749 | -49.9% |
| Operating profit (loss) | 9901 | €94,190 | €40,373 | -€53,817 | -57.1% |
| Financial income | 75/76B | €717 | €1,142 | +€426 | +59.4% |
| Recurring financial income | 75 | €717 | €1,142 | +€426 | +59.4% |
| Financial charges | 65/66B | €2,426 | €1,212 | -€1,214 | -50.0% |
| Recurring financial charges | 65 | €2,426 | €1,212 | -€1,214 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €92,480 | €40,303 | -€52,177 | -56.4% |
| Income taxes | 67/77 | €30,357 | €11,531 | -€18,826 | -62.0% |
| Profit (loss) for the period | 9904 | €62,123 | €28,772 | -€33,352 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,123 | €28,772 | -€33,352 | -53.7% |
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 19 October 2026 via checked.be.