G.I.S. PROJECT: what changed
G.I.S. PROJECT
Largest movements
- Receivables after one year +€4,192
up €4,192 (+5.5%), from €76,395 to €80,587
- Cash +€3,560
up €3,560 (+27.5%), from €12,962 to €16,522
mainly Tax, wage and social debts (+€5,349) and Depreciation (+€2,738)
- Tangible fixed assets -€2,287
down €2,287 (-45.6%), from €5,015 to €2,728
of which Other tangible fixed assets: -€2,223
- Reserves +€30,000
up €30,000 (+94.2%), from €31,860 to €61,860
of which Distributable reserves: +€30,000
- Profit (loss) carried forward -€27,678
down €27,678 (-71.9%), from €38,478 to €10,801
- Tax, wage and social debts +€5,349
up €5,349 (+61.7%), from €8,672 to €14,021
of which Taxes: +€4,536
- Trade debts -€1,713
down €1,713 (-63.9%), from €2,681 to €968
- Gross operating margin -€2,583
down €2,583 (-19.3%), from €13,386 to €10,803
- Staff costs +€887
up €887 (+29.1%), from €3,052 to €3,939
- Financial income -€332
down €332 (-7.2%), from €4,588 to €4,256
- Depreciation -€223
down €223 (-7.5%), from €2,962 to €2,738
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,291 | €106,250 | +€5,958 | +5.9% |
| Fixed assets | 21/28 | €7,205 | €4,918 | -€2,287 | -31.7% |
| Tangible fixed assets | 22/27 | €5,015 | €2,728 | -€2,287 | -45.6% |
| Furniture and vehicles | 24 | €588 | €525 | -€63 | -10.8% |
| Other tangible fixed assets | 26 | €4,427 | €2,203 | -€2,223 | -50.2% |
| Financial fixed assets | 28 | €2,190 | €2,190 | = | 0.0% |
| Current assets | 29/58 | €93,086 | €101,332 | +€8,245 | +8.9% |
| Amounts receivable after more than one year | 29 | €76,395 | €80,587 | +€4,192 | +5.5% |
| Other amounts receivable | 291 | €76,395 | €80,587 | +€4,192 | +5.5% |
| Stocks and contracts in progress | 3 | €980 | €980 | = | 0.0% |
| Stocks | 30/36 | €980 | €980 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,715 | €2,400 | -€315 | -11.6% |
| Trade receivables | 40 | €2,715 | €2,400 | -€315 | -11.6% |
| Cash at bank and in hand | 54/58 | €12,962 | €16,522 | +€3,560 | +27.5% |
| Deferred charges and accrued income | 490/1 | €34 | €842 | +€809 | +2,407% |
| Total equity and liabilities | 10/49 | €100,291 | €106,250 | +€5,958 | +5.9% |
| Equity | 10/15 | €88,938 | €91,261 | +€2,322 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €61,860 | +€30,000 | +94.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €60,000 | +€30,000 | +100% |
| Profit (loss) carried forward | 14 | €38,478 | €10,801 | -€27,678 | -71.9% |
| Amounts payable | 17/49 | €11,353 | €14,989 | +€3,636 | +32.0% |
| Amounts payable within one year | 42/48 | €11,353 | €14,989 | +€3,636 | +32.0% |
| Trade debts | 44 | €2,681 | €968 | -€1,713 | -63.9% |
| Suppliers | 440/4 | €2,681 | €968 | -€1,713 | -63.9% |
| Taxes, remuneration and social security | 45 | €8,672 | €14,021 | +€5,349 | +61.7% |
| Taxes | 450/3 | €8,672 | €13,208 | +€4,536 | +52.3% |
| Remuneration and social security | 454/9 | - | €813 | +€813 | |
| Remuneration, social security and pensions | 62 | €3,052 | €3,939 | +€887 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,962 | €2,738 | -€223 | -7.5% |
| Other operating charges | 640/8 | €387 | €431 | +€43 | +11.2% |
| Gross operating margin | 9900 | €13,386 | €10,803 | -€2,583 | -19.3% |
| Operating profit (loss) | 9901 | €6,985 | €3,694 | -€3,291 | -47.1% |
| Financial income | 75/76B | €4,588 | €4,256 | -€332 | -7.2% |
| Recurring financial income | 75 | €4,588 | €4,256 | -€332 | -7.2% |
| Financial charges | 65/66B | €105 | €99 | -€6 | -5.6% |
| Recurring financial charges | 65 | €105 | €99 | -€6 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €11,468 | €7,851 | -€3,617 | -31.5% |
| Income taxes | 67/77 | €5,555 | €5,529 | -€26 | -0.5% |
| Profit (loss) for the period | 9904 | €5,913 | €2,322 | -€3,591 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,913 | €2,322 | -€3,591 | -60.7% |
Next steps
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 4 November 2026 via checked.be.