GIPSY: 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.
GIPSY
Largest movements
- Tangible fixed assets -€11,749
down €11,749 (-15.7%), from €75,006 to €63,257
- Deferred charges and accrued income +€3,113
new in 2025: €3,113
- Receivables within one year -€2,844
down €2,844 (-79.4%), from €3,582 to €738
of which Trade receivables: -€3,037
- Profit (loss) carried forward -€15,009
new in 2025: -€15,009
- Advances received +€1,714
new in 2025: €1,714
- Trade debts +€1,677
up €1,677 (+148%), from €1,132 to €2,809
- Gross operating margin -€12,445
down €12,445 (-81.1%), from €15,351 to €2,906
- Other operating charges +€499
up €499 (+9.1%), from €5,517 to €6,016
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 | €91,355 | €79,144 | -€12,211 | -13.4% |
| Fixed assets | 21/28 | €75,071 | €63,322 | -€11,749 | -15.7% |
| Tangible fixed assets | 22/27 | €75,006 | €63,257 | -€11,749 | -15.7% |
| Land and buildings | 22 | €75,006 | €63,257 | -€11,749 | -15.7% |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €16,284 | €15,823 | -€461 | -2.8% |
| Amounts receivable within one year | 40/41 | €3,582 | €738 | -€2,844 | -79.4% |
| Trade receivables | 40 | €3,037 | €0 | -€3,037 | -100% |
| Other amounts receivable | 41 | €545 | €738 | +€193 | +35.4% |
| Cash at bank and in hand | 54/58 | €12,702 | €11,971 | -€730 | -5.8% |
| Deferred charges and accrued income | 490/1 | - | €3,113 | +€3,113 | |
| Total equity and liabilities | 10/49 | €91,355 | €79,144 | -€12,211 | -13.4% |
| Equity | 10/15 | €87,898 | €72,889 | -€15,009 | -17.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €24,064 | €24,064 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €15,385 | €15,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,009 | -€15,009 | |
| Investment grants | 15 | €1,834 | €1,834 | = | 0.0% |
| Amounts payable | 17/49 | €3,457 | €6,256 | +€2,799 | +81.0% |
| Amounts payable within one year | 42/48 | €3,457 | €6,256 | +€2,799 | +81.0% |
| Trade debts | 44 | €1,132 | €2,809 | +€1,677 | +148% |
| Suppliers | 440/4 | €1,132 | €2,809 | +€1,677 | +148% |
| Advances received on contracts in progress | 46 | - | €1,714 | +€1,714 | |
| Other amounts payable | 47/48 | €2,324 | €1,733 | -€592 | -25.5% |
| Non-recurring operating income | 76A | €1,500 | €0 | -€1,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,749 | €11,749 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,517 | €6,016 | +€499 | +9.1% |
| Gross operating margin | 9900 | €15,351 | €2,906 | -€12,445 | -81.1% |
| Operating profit (loss) | 9901 | -€1,915 | -€14,859 | -€12,944 | -676% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,030 | -€15,009 | -€12,979 | -639% |
| Profit (loss) for the period | 9904 | -€2,030 | -€15,009 | -€12,979 | -639% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,030 | -€15,009 | -€12,979 | -639% |
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 24 October 2026 via checked.be.