Dr. Arno Gigase: what changed
What changed
Dr. Arno Gigase
filed annual accounts (NBB)
Net result for the year
€414,625
2024 · €465,085-€50,460
Equity
€414,135
2024 · €269,510+€144,625
Cash
€471,438
2024 · €422,151+€49,287
Balance sheet total
€686,757
2024 · €565,597+€121,160
Largest movements
Assets
- Current investments +€50,854
up €50,854 (+44.3%), from €114,668 to €165,522
- Cash +€49,287
up €49,287 (+11.7%), from €422,151 to €471,438
mainly Net result for the year (+€414,625) and Depreciation (+€2,989)
- Receivables within one year +€15,997
up €15,997 (+83.6%), from €19,136 to €35,134
of which Other amounts receivable: +€17,966
Equity and liabilities
- Reserves +€144,625
up €144,625 (+54.0%), from €268,010 to €412,635
- Other debts -€24,267
down €24,267 (-8.2%), from €294,267 to €270,000
Income statement
- Gross operating margin -€68,759
down €68,759 (-11.1%), from €618,281 to €549,522
- Taxes -€17,598
down €17,598 (-11.8%), from €149,632 to €132,034
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€465,085
Gross operating margin
-€68,759
Depreciation
-€442
Other operating charges
+€579
Financial income
+€589
Financial charges
-€25
Taxes
+€17,598
Result 2025
€414,625
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€376,822
Investment
-€57,535
Financing
-€270,000
Cash 2024
€422,151
From operations (derived)
+€376,822
Net result for the year
+€414,625
Depreciation
+€2,989
Receivables within one year
-€15,997
Deferred charges and accrued income
-€1,329
Smaller working-capital items
+€803
Other debts
-€24,267
Investment (derived)
-€57,535
Investment in fixed assets (net)
-€6,681
Current investments
-€50,854
Financing
-€270,000
Contributions, distributions and other
-€270,000
Cash 2025
€471,438
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €565,597 | €686,757 | +€121,160 | +21.4% |
| Fixed assets | 21/28 | €5,661 | €9,354 | +€3,693 | +65.2% |
| Tangible fixed assets | 22/27 | €5,661 | €9,354 | +€3,693 | +65.2% |
| Furniture and vehicles | 24 | €3,738 | €6,491 | +€2,754 | +73.7% |
| Other tangible fixed assets | 26 | €1,924 | €2,863 | +€939 | +48.8% |
| Current assets | 29/58 | €559,936 | €677,403 | +€117,467 | +21.0% |
| Amounts receivable within one year | 40/41 | €19,136 | €35,134 | +€15,997 | +83.6% |
| Trade receivables | 40 | €8,768 | €6,800 | -€1,969 | -22.5% |
| Other amounts receivable | 41 | €10,368 | €28,334 | +€17,966 | +173% |
| Current investments | 50/53 | €114,668 | €165,522 | +€50,854 | +44.3% |
| Cash at bank and in hand | 54/58 | €422,151 | €471,438 | +€49,287 | +11.7% |
| Deferred charges and accrued income | 490/1 | €3,980 | €5,310 | +€1,329 | +33.4% |
| Total equity and liabilities | 10/49 | €565,597 | €686,757 | +€121,160 | +21.4% |
| Equity | 10/15 | €269,510 | €414,135 | +€144,625 | +53.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €268,010 | €412,635 | +€144,625 | +54.0% |
| Distributable reserves | 133 | €268,010 | €412,635 | +€144,625 | +54.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €296,086 | €272,622 | -€23,464 | -7.9% |
| Amounts payable within one year | 42/48 | €295,538 | €272,055 | -€23,482 | -7.9% |
| Trade debts | 44 | €1,271 | €2,055 | +€785 | +61.8% |
| Suppliers | 440/4 | €1,271 | €2,055 | +€785 | +61.8% |
| Other amounts payable | 47/48 | €294,267 | €270,000 | -€24,267 | -8.2% |
| Accrued charges and deferred income | 492/3 | €549 | €566 | +€18 | +3.2% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,546 | €2,989 | +€442 | +17.4% |
| Other operating charges | 640/8 | €1,269 | €691 | -€579 | -45.6% |
| Gross operating margin | 9900 | €618,281 | €549,522 | -€68,759 | -11.1% |
| Operating profit (loss) | 9901 | €614,465 | €545,843 | -€68,623 | -11.2% |
| Financial income | 75/76B | €297 | €886 | +€589 | +199% |
| Recurring financial income | 75 | €297 | €886 | +€589 | +199% |
| Financial charges | 65/66B | €45 | €70 | +€25 | +55.6% |
| Recurring financial charges | 65 | €45 | €70 | +€25 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €614,717 | €546,658 | -€68,058 | -11.1% |
| Income taxes | 67/77 | €149,632 | €132,034 | -€17,598 | -11.8% |
| Profit (loss) for the period | 9904 | €465,085 | €414,625 | -€50,460 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €465,085 | €414,625 | -€50,460 | -10.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.