GIRBO: 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.
GIRBO
Largest movements
- Cash -€966
down €966 (-76.2%), from €1,267 to €301
mainly Trade debts (-€8,530) and Short-term financial debts (-€819)
- Deferred charges and accrued income -€944
no longer reported in 2025 (was €944)
- Tangible fixed assets -€516
down €516 (-23.9%), from €2,164 to €1,647
- Receivables within one year +€107
up €107 (+8.9%), from €1,204 to €1,311
- Trade debts -€8,530
down €8,530 (-90.3%), from €9,450 to €920
- Profit (loss) carried forward +€7,029
up €7,029 (+5.8%), from -€121,273 to -€114,243
- Short-term financial debts -€819
down €819 (-5.9%), from €13,946 to €13,128
- Gross operating margin +€7,755
up €7,755 (+265.2%), from €2,924 to €10,679
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 | €5,578 | €3,259 | -€2,319 | -41.6% |
| Fixed assets | 21/28 | €2,164 | €1,647 | -€516 | -23.9% |
| Tangible fixed assets | 22/27 | €2,164 | €1,647 | -€516 | -23.9% |
| Furniture and vehicles | 24 | €2,164 | €1,647 | -€516 | -23.9% |
| Current assets | 29/58 | €3,415 | €1,612 | -€1,803 | -52.8% |
| Amounts receivable within one year | 40/41 | €1,204 | €1,311 | +€107 | +8.9% |
| Other amounts receivable | 41 | €1,204 | €1,311 | +€107 | +8.9% |
| Cash at bank and in hand | 54/58 | €1,267 | €301 | -€966 | -76.2% |
| Deferred charges and accrued income | 490/1 | €944 | - | -€944 | |
| Total equity and liabilities | 10/49 | €5,578 | €3,259 | -€2,319 | -41.6% |
| Equity | 10/15 | -€55,571 | -€48,541 | +€7,029 | +12.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,202 | €4,202 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,202 | €4,202 | = | 0.0% |
| Legal reserve | 130 | €4,202 | €4,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,273 | -€114,243 | +€7,029 | +5.8% |
| Amounts payable | 17/49 | €61,149 | €51,800 | -€9,349 | -15.3% |
| Amounts payable within one year | 42/48 | €61,149 | €51,800 | -€9,349 | -15.3% |
| Financial debts | 43 | €13,946 | €13,128 | -€819 | -5.9% |
| Credit institutions | 430/8 | €13,946 | €13,128 | -€819 | -5.9% |
| Trade debts | 44 | €9,450 | €920 | -€8,530 | -90.3% |
| Suppliers | 440/4 | €9,450 | €920 | -€8,530 | -90.3% |
| Other amounts payable | 47/48 | €37,753 | €37,753 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417 | €516 | +€99 | +23.6% |
| Other operating charges | 640/8 | €690 | €793 | +€103 | +14.9% |
| Gross operating margin | 9900 | €2,924 | €10,679 | +€7,755 | +265.2% |
| Operating profit (loss) | 9901 | €1,816 | €9,370 | +€7,553 | +415.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,254 | €2,340 | +€86 | +3.8% |
| Recurring financial charges | 65 | €2,254 | €2,340 | +€86 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€437 | €7,029 | +€7,466 | |
| Profit (loss) for the period | 9904 | -€437 | €7,029 | +€7,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€437 | €7,029 | +€7,466 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.