GILBERT FT: 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.
GILBERT FT
Largest movements
- Cash -€12,777
down €12,777 (-17.6%), from €72,490 to €59,713
mainly Investment in fixed assets (net) (-€16,678) and Tax, wage and social debts (-€8,106)
- Receivables within one year +€3,826
up €3,826, from €0 to €3,826
of which Other amounts receivable: +€3,826
- Tax, wage and social debts -€8,106
down €8,106 (-96.5%), from €8,399 to €293
- Gross operating margin -€54,104
down €54,104 (-76.5%), from €70,678 to €16,574
- Depreciation +€8,621
up €8,621 (+96.4%), from €8,938 to €17,559
- Taxes -€3,995
down €3,995 (-81.9%), from €4,877 to €882
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 | €137,579 | €127,756 | -€9,823 | -7.1% |
| Fixed assets | 21/28 | €64,734 | €63,854 | -€881 | -1.4% |
| Tangible fixed assets | 22/27 | €64,734 | €63,854 | -€881 | -1.4% |
| Plant, machinery and equipment | 23 | €64,734 | €63,854 | -€881 | -1.4% |
| Current assets | 29/58 | €72,845 | €63,902 | -€8,943 | -12.3% |
| Amounts receivable within one year | 40/41 | €0 | €3,826 | +€3,826 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €3,826 | +€3,826 | |
| Cash at bank and in hand | 54/58 | €72,490 | €59,713 | -€12,777 | -17.6% |
| Deferred charges and accrued income | 490/1 | €354 | €363 | +€8 | +2.3% |
| Total equity and liabilities | 10/49 | €137,579 | €127,756 | -€9,823 | -7.1% |
| Equity | 10/15 | €62,684 | €61,627 | -€1,057 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,084 | €43,027 | -€1,057 | -2.4% |
| Non-distributable reserves | 130/1 | €677 | €677 | = | 0.0% |
| Reserves not available under the articles | 1311 | €677 | €677 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,600 | €11,700 | -€3,900 | -25.0% |
| Distributable reserves | 133 | €27,807 | €30,650 | +€2,843 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €5,200 | €3,900 | -€1,300 | -25.0% |
| Deferred taxes | 168 | €5,200 | €3,900 | -€1,300 | -25.0% |
| Amounts payable | 17/49 | €69,695 | €62,229 | -€7,466 | -10.7% |
| Amounts payable within one year | 42/48 | €69,504 | €62,035 | -€7,469 | -10.7% |
| Financial debts | 43 | €55,600 | €55,600 | = | 0.0% |
| Other loans | 439 | €55,600 | €55,600 | = | 0.0% |
| Trade debts | 44 | €45 | €623 | +€578 | +1,284% |
| Suppliers | 440/4 | €45 | €623 | +€578 | +1,284% |
| Taxes, remuneration and social security | 45 | €8,399 | €293 | -€8,106 | -96.5% |
| Taxes | 450/3 | €8,399 | €293 | -€8,106 | -96.5% |
| Other amounts payable | 47/48 | €5,459 | €5,519 | +€60 | +1.1% |
| Accrued charges and deferred income | 492/3 | €191 | €194 | +€3 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,938 | €17,559 | +€8,621 | +96.4% |
| Other operating charges | 640/8 | €383 | €390 | +€6 | +1.7% |
| Gross operating margin | 9900 | €70,678 | €16,574 | -€54,104 | -76.5% |
| Operating profit (loss) | 9901 | €61,357 | -€1,375 | -€62,731 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €91 | €101 | +€10 | +11.0% |
| Recurring financial charges | 65 | €91 | €101 | +€10 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €61,266 | -€1,475 | -€62,741 | |
| Transfer from deferred taxes | 780 | €1,300 | €1,300 | = | 0.0% |
| Transfer to deferred taxes | 680 | €6,500 | €0 | -€6,500 | -100% |
| Income taxes | 67/77 | €4,877 | €882 | -€3,995 | -81.9% |
| Profit (loss) for the period | 9904 | €51,189 | -€1,057 | -€52,246 | |
| Transfer from tax-exempt reserves | 789 | €3,900 | €3,900 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €19,500 | €0 | -€19,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €35,589 | €2,843 | -€32,746 | -92.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.