G.I.S.: 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.
G.I.S.
Largest movements
- Receivables within one year -€128,635
down €128,635 (-34.8%), from €369,850 to €241,215
of which Trade receivables: -€116,437
- Cash +€3,763
up €3,763 (+2,529%), from €149 to €3,912
mainly Receivables within one year (+€128,635) and Depreciation (+€2,478)
- Profit (loss) carried forward -€131,657
down €131,657 (-15.0%), from -€878,817 to -€1.0m
- Other operating charges +€76,768
up €76,768 (+57.6%), from €133,303 to €210,071
- Gross operating margin +€35,272
up €35,272 (+61.0%), from €57,784 to €93,056
- Staff costs -€34,388
no longer reported in 2025 (was €34,388)
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 | €373,396 | €246,046 | -€127,350 | -34.1% |
| Fixed assets | 21/28 | €3,279 | €801 | -€2,478 | -75.6% |
| Tangible fixed assets | 22/27 | €3,159 | €681 | -€2,478 | -78.4% |
| Other tangible fixed assets | 26 | €3,159 | €681 | -€2,478 | -78.4% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €370,117 | €245,245 | -€124,872 | -33.7% |
| Amounts receivable within one year | 40/41 | €369,850 | €241,215 | -€128,635 | -34.8% |
| Trade receivables | 40 | €357,085 | €240,648 | -€116,437 | -32.6% |
| Other amounts receivable | 41 | €12,766 | €567 | -€12,198 | -95.6% |
| Cash at bank and in hand | 54/58 | €149 | €3,912 | +€3,763 | +2,529% |
| Deferred charges and accrued income | 490/1 | €118 | €118 | = | 0.0% |
| Total equity and liabilities | 10/49 | €373,396 | €246,046 | -€127,350 | -34.1% |
| Equity | 10/15 | -€667,475 | -€799,132 | -€131,657 | -19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,742 | €192,742 | = | 0.0% |
| Distributable reserves | 133 | €192,742 | €192,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€878,817 | -€1,010,474 | -€131,657 | -15.0% |
| Amounts payable | 17/49 | €1,040,871 | €1,045,178 | +€4,306 | +0.4% |
| Amounts payable after more than one year | 17 | €275,000 | €275,000 | = | 0.0% |
| Other amounts payable | 178/9 | €275,000 | €275,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €765,871 | €770,178 | +€4,306 | +0.6% |
| Trade debts | 44 | €47,598 | €49,322 | +€1,724 | +3.6% |
| Suppliers | 440/4 | €47,598 | €49,322 | +€1,724 | +3.6% |
| Taxes, remuneration and social security | 45 | €273 | €855 | +€582 | +213% |
| Taxes | 450/3 | €273 | €855 | +€582 | +213% |
| Other amounts payable | 47/48 | €718,000 | €720,000 | +€2,000 | +0.3% |
| Remuneration, social security and pensions | 62 | €34,388 | - | -€34,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,478 | €2,478 | = | 0.0% |
| Other operating charges | 640/8 | €133,303 | €210,071 | +€76,768 | +57.6% |
| Non-recurring operating charges | 66A | - | €11,760 | +€11,760 | |
| Gross operating margin | 9900 | €57,784 | €93,056 | +€35,272 | +61.0% |
| Operating profit (loss) | 9901 | -€112,386 | -€131,253 | -€18,867 | -16.8% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €58 | €55 | -€3 | -4.7% |
| Recurring financial charges | 65 | €58 | €55 | -€3 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€112,443 | -€131,304 | -€18,861 | -16.8% |
| Income taxes | 67/77 | €117 | €352 | +€235 | +202% |
| Profit (loss) for the period | 9904 | -€112,560 | -€131,657 | -€19,096 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,560 | -€131,657 | -€19,096 | -17.0% |
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 23 October 2026 via checked.be.