G.I.Ware: 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.Ware
Largest movements
- Cash +€9,660
up €9,660 (+28.8%), from €33,544 to €43,204
mainly Net result for the year (+€34,979) and Accrued charges and deferred income (+€21,779)
- Receivables within one year -€8,127
down €8,127 (-21.0%), from €38,767 to €30,640
of which Trade receivables: -€11,635
- Tangible fixed assets -€1,174
down €1,174 (-33.0%), from €3,554 to €2,380
of which Furniture and vehicles: -€729
- Accrued charges and deferred income +€21,779
new in 2025: €21,779
- Other debts -€8,786
no longer reported in 2025 (was €8,786)
- Reserves -€6,356
down €6,356 (-23.8%), from €26,740 to €20,384
- Tax, wage and social debts -€5,380
down €5,380 (-73.3%), from €7,339 to €1,959
of which Taxes: -€5,629
- Trade debts -€808
down €808 (-51.4%), from €1,572 to €764
- Gross operating margin +€23,480
up €23,480 (+124%), from €18,877 to €42,357
- Taxes +€1,478
up €1,478 (+38.0%), from €3,891 to €5,369
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 | €77,387 | €77,836 | +€449 | +0.6% |
| Fixed assets | 21/28 | €3,554 | €2,380 | -€1,174 | -33.0% |
| Tangible fixed assets | 22/27 | €3,554 | €2,380 | -€1,174 | -33.0% |
| Plant, machinery and equipment | 23 | €910 | €465 | -€445 | -48.9% |
| Furniture and vehicles | 24 | €2,644 | €1,915 | -€729 | -27.6% |
| Current assets | 29/58 | €73,833 | €75,456 | +€1,623 | +2.2% |
| Amounts receivable within one year | 40/41 | €38,767 | €30,640 | -€8,127 | -21.0% |
| Trade receivables | 40 | €14,688 | €3,053 | -€11,635 | -79.2% |
| Other amounts receivable | 41 | €24,079 | €27,587 | +€3,508 | +14.6% |
| Cash at bank and in hand | 54/58 | €33,544 | €43,204 | +€9,660 | +28.8% |
| Deferred charges and accrued income | 490/1 | €1,522 | €1,612 | +€90 | +5.9% |
| Total equity and liabilities | 10/49 | €77,387 | €77,836 | +€449 | +0.6% |
| Equity | 10/15 | €59,690 | €53,334 | -€6,356 | -10.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,740 | €20,384 | -€6,356 | -23.8% |
| Distributable reserves | 133 | €26,740 | €20,384 | -€6,356 | -23.8% |
| Profit (loss) carried forward | 14 | €30,950 | €30,950 | = | 0.0% |
| Amounts payable | 17/49 | €17,697 | €24,502 | +€6,805 | +38.5% |
| Amounts payable within one year | 42/48 | €17,697 | €2,723 | -€14,974 | -84.6% |
| Trade debts | 44 | €1,572 | €764 | -€808 | -51.4% |
| Suppliers | 440/4 | €1,572 | €764 | -€808 | -51.4% |
| Taxes, remuneration and social security | 45 | €7,339 | €1,959 | -€5,380 | -73.3% |
| Taxes | 450/3 | €7,339 | €1,710 | -€5,629 | -76.7% |
| Remuneration and social security | 454/9 | - | €249 | +€249 | |
| Other amounts payable | 47/48 | €8,786 | - | -€8,786 | |
| Accrued charges and deferred income | 492/3 | - | €21,779 | +€21,779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,153 | €1,174 | +€21 | +1.8% |
| Other operating charges | 640/8 | €385 | €688 | +€303 | +78.7% |
| Gross operating margin | 9900 | €18,877 | €42,357 | +€23,480 | +124% |
| Operating profit (loss) | 9901 | €17,339 | €40,495 | +€23,156 | +134% |
| Financial charges | 65/66B | €185 | €147 | -€38 | -20.5% |
| Recurring financial charges | 65 | €185 | €147 | -€38 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €17,154 | €40,348 | +€23,194 | +135% |
| Income taxes | 67/77 | €3,891 | €5,369 | +€1,478 | +38.0% |
| Profit (loss) for the period | 9904 | €13,263 | €34,979 | +€21,716 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €13,263 | €34,979 | +€21,716 | +164% |
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 18 October 2026 via checked.be.