G&I-TECH: 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-TECH
Largest movements
- Receivables within one year +€648,383
up €648,383 (+98.7%), from €657,172 to €1.3m
of which Trade receivables: +€367,520
- Tangible fixed assets +€278,918
up €278,918 (+67.7%), from €411,972 to €690,890
of which Leasing and similar rights: +€168,550
- Cash -€160,959
down €160,959 (-80.1%), from €201,066 to €40,106
mainly Receivables within one year (-€648,383) and Investment in fixed assets (net) (-€469,243)
- Receivables after one year +€41,000
up €41,000 (+17.9%), from €229,524 to €270,524
of which Other amounts receivable: +€270,524
- Trade debts +€500,959
up €500,959 (+144.3%), from €347,103 to €848,062
- Other debts +€344,090
up €344,090 (+1356.6%), from €25,364 to €369,454
- Reserves -€214,152
down €214,152 (-39.6%), from €541,463 to €327,311
- Short-term financial debts +€150,000
new in 2025: €150,000
- Debts after one year +€97,306
up €97,306 (+66.7%), from €145,821 to €243,127
- Gross operating margin +€605,931
up €605,931 (+47.8%), from €1.3m to €1.9m
- Staff costs +€469,665
up €469,665 (+56.4%), from €832,255 to €1.3m
- Depreciation +€90,209
up €90,209 (+90.4%), from €99,746 to €189,955
- Taxes +€22,115
up €22,115 (+38.8%), from €56,951 to €79,066
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 | €1,505,290 | €2,312,071 | +€806,781 | +53.6% |
| Fixed assets | 21/28 | €412,377 | €691,665 | +€279,288 | +67.7% |
| Tangible fixed assets | 22/27 | €411,972 | €690,890 | +€278,918 | +67.7% |
| Plant, machinery and equipment | 23 | €52,461 | €131,266 | +€78,805 | +150.2% |
| Furniture and vehicles | 24 | €33,830 | €67,208 | +€33,378 | +98.7% |
| Leasing and similar rights | 25 | €318,545 | €487,095 | +€168,550 | +52.9% |
| Other tangible fixed assets | 26 | €7,136 | €5,321 | -€1,815 | -25.4% |
| Financial fixed assets | 28 | €405 | €775 | +€370 | +91.4% |
| Current assets | 29/58 | €1,092,912 | €1,620,406 | +€527,493 | +48.3% |
| Amounts receivable after more than one year | 29 | €229,524 | €270,524 | +€41,000 | +17.9% |
| Trade receivables | 290 | €229,524 | €0 | -€229,524 | -100.0% |
| Other amounts receivable | 291 | - | €270,524 | +€270,524 | |
| Amounts receivable within one year | 40/41 | €657,172 | €1,305,555 | +€648,383 | +98.7% |
| Trade receivables | 40 | €457,641 | €825,162 | +€367,520 | +80.3% |
| Other amounts receivable | 41 | €199,531 | €480,394 | +€280,863 | +140.8% |
| Cash at bank and in hand | 54/58 | €201,066 | €40,106 | -€160,959 | -80.1% |
| Deferred charges and accrued income | 490/1 | €5,150 | €4,220 | -€930 | -18.1% |
| Total equity and liabilities | 10/49 | €1,505,290 | €2,312,071 | +€806,781 | +53.6% |
| Equity | 10/15 | €546,463 | €332,311 | -€214,152 | -39.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €541,463 | €327,311 | -€214,152 | -39.6% |
| Distributable reserves | 133 | €541,463 | €327,311 | -€214,152 | -39.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €958,827 | €1,979,760 | +€1.0m | +106.5% |
| Amounts payable after more than one year | 17 | €145,821 | €243,127 | +€97,306 | +66.7% |
| Financial debts | 170/4 | €145,821 | €243,127 | +€97,306 | +66.7% |
| Amounts payable within one year | 42/48 | €803,006 | €1,726,633 | +€923,627 | +115.0% |
| Current portion of amounts payable after more than one year | 42 | €149,039 | €132,994 | -€16,045 | -10.8% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €347,103 | €848,062 | +€500,959 | +144.3% |
| Suppliers | 440/4 | €347,103 | €848,062 | +€500,959 | +144.3% |
| Taxes, remuneration and social security | 45 | €281,500 | €226,123 | -€55,378 | -19.7% |
| Taxes | 450/3 | €150,379 | €147,237 | -€3,142 | -2.1% |
| Remuneration and social security | 454/9 | €131,121 | €78,886 | -€52,235 | -39.8% |
| Other amounts payable | 47/48 | €25,364 | €369,454 | +€344,090 | +1356.6% |
| Accrued charges and deferred income | 492/3 | €10,000 | €10,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €832,255 | €1,301,920 | +€469,665 | +56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,746 | €189,955 | +€90,209 | +90.4% |
| Other operating charges | 640/8 | €8,891 | €11,217 | +€2,325 | +26.1% |
| Non-recurring operating charges | 66A | - | €11,458 | +€11,458 | |
| Gross operating margin | 9900 | €1,267,390 | €1,873,321 | +€605,931 | +47.8% |
| Operating profit (loss) | 9901 | €326,498 | €358,773 | +€32,275 | +9.9% |
| Financial income | 75/76B | €5,356 | €3,105 | -€2,250 | -42.0% |
| Recurring financial income | 75 | €5,356 | €3,105 | -€2,250 | -42.0% |
| Financial charges | 65/66B | €118,763 | €104,808 | -€13,956 | -11.8% |
| Recurring financial charges | 65 | €118,763 | €104,808 | -€13,956 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €213,090 | €257,071 | +€43,980 | +20.6% |
| Income taxes | 67/77 | €56,951 | €79,066 | +€22,115 | +38.8% |
| Profit (loss) for the period | 9904 | €156,140 | €178,005 | +€21,865 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €156,140 | €178,005 | +€21,865 | +14.0% |
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 12 October 2026 via checked.be.