GIPSYL: 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.
GIPSYL
Largest movements
- Receivables within one year +€11,417
up €11,417 (+51.0%), from €22,405 to €33,821
of which Other amounts receivable: +€20,702
- Tangible fixed assets -€9,052
down €9,052 (-17.7%), from €51,025 to €41,973
of which Other tangible fixed assets: -€5,926
- Cash +€6,496
up €6,496 (+9.8%), from €66,511 to €73,007
mainly Net result for the year (+€101,707) and Tax, wage and social debts (+€17,754)
- Deferred charges and accrued income +€6,212
up €6,212 (+261%), from €2,381 to €8,592
- Stocks and contracts +€4,351
up €4,351 (+32.1%), from €13,536 to €17,887
- Tax, wage and social debts +€17,754
up €17,754 (+103%), from €17,170 to €34,924
of which Taxes: +€18,987
- Trade debts -€1,933
down €1,933 (-16.3%), from €11,826 to €9,892
- Gross operating margin +€45,699
up €45,699 (+28.8%), from €158,499 to €204,198
- Staff costs +€15,761
up €15,761 (+42.4%), from €37,188 to €52,949
- Taxes +€7,736
up €7,736 (+28.3%), from €27,365 to €35,101
- Depreciation -€2,076
down €2,076 (-17.9%), from €11,575 to €9,499
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,510 | €177,711 | +€17,201 | +10.7% |
| Fixed assets | 21/28 | €55,677 | €44,403 | -€11,274 | -20.2% |
| Intangible fixed assets | 21 | €4,444 | €2,222 | -€2,222 | -50.0% |
| Tangible fixed assets | 22/27 | €51,025 | €41,973 | -€9,052 | -17.7% |
| Furniture and vehicles | 24 | €5,927 | €2,801 | -€3,126 | -52.7% |
| Other tangible fixed assets | 26 | €45,099 | €39,172 | -€5,926 | -13.1% |
| Financial fixed assets | 28 | €207 | €207 | = | 0.0% |
| Current assets | 29/58 | €104,833 | €133,308 | +€28,475 | +27.2% |
| Stocks and contracts in progress | 3 | €13,536 | €17,887 | +€4,351 | +32.1% |
| Stocks | 30/36 | €13,536 | €17,887 | +€4,351 | +32.1% |
| Amounts receivable within one year | 40/41 | €22,405 | €33,821 | +€11,417 | +51.0% |
| Trade receivables | 40 | €9,700 | €415 | -€9,285 | -95.7% |
| Other amounts receivable | 41 | €12,705 | €33,406 | +€20,702 | +163% |
| Cash at bank and in hand | 54/58 | €66,511 | €73,007 | +€6,496 | +9.8% |
| Deferred charges and accrued income | 490/1 | €2,381 | €8,592 | +€6,212 | +261% |
| Total equity and liabilities | 10/49 | €160,510 | €177,711 | +€17,201 | +10.7% |
| Equity | 10/15 | €48,373 | €50,080 | +€1,707 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €27,913 | €29,620 | +€1,707 | +6.1% |
| Amounts payable | 17/49 | €112,137 | €127,630 | +€15,494 | +13.8% |
| Amounts payable within one year | 42/48 | €112,137 | €127,362 | +€15,225 | +13.6% |
| Trade debts | 44 | €11,826 | €9,892 | -€1,933 | -16.3% |
| Suppliers | 440/4 | €11,826 | €9,892 | -€1,933 | -16.3% |
| Taxes, remuneration and social security | 45 | €17,170 | €34,924 | +€17,754 | +103% |
| Taxes | 450/3 | €15,937 | €34,924 | +€18,987 | +119% |
| Remuneration and social security | 454/9 | €1,233 | - | -€1,233 | |
| Other amounts payable | 47/48 | €83,141 | €82,546 | -€595 | -0.7% |
| Accrued charges and deferred income | 492/3 | - | €268 | +€268 | |
| Remuneration, social security and pensions | 62 | €37,188 | €52,949 | +€15,761 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,575 | €9,499 | -€2,076 | -17.9% |
| Other operating charges | 640/8 | €1,045 | €1,784 | +€738 | +70.6% |
| Gross operating margin | 9900 | €158,499 | €204,198 | +€45,699 | +28.8% |
| Operating profit (loss) | 9901 | €108,691 | €139,966 | +€31,275 | +28.8% |
| Financial income | 75/76B | €34 | €1 | -€34 | -97.4% |
| Recurring financial income | 75 | €34 | €1 | -€34 | -97.4% |
| Financial charges | 65/66B | €2,791 | €3,158 | +€368 | +13.2% |
| Recurring financial charges | 65 | €2,791 | €3,158 | +€368 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €105,934 | €136,808 | +€30,874 | +29.1% |
| Income taxes | 67/77 | €27,365 | €35,101 | +€7,736 | +28.3% |
| Profit (loss) for the period | 9904 | €78,569 | €101,707 | +€23,138 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,569 | €101,707 | +€23,138 | +29.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.