GAIONI: 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.
GAIONI
Largest movements
- Tangible fixed assets +€15,761
up €15,761 (+83.5%), from €18,866 to €34,627
of which Furniture and vehicles: +€16,162
- Cash +€13,932
up €13,932 (+750%), from €1,856 to €15,789
mainly Debts after one year (+€16,568) and Depreciation (+€15,050)
- Debts after one year +€16,568
up €16,568 (+328%), from €5,051 to €21,619
- Reserves +€13,000
up €13,000 (+30.2%), from €43,000 to €56,000
- Tax, wage and social debts -€11,651
down €11,651 (-62.1%), from €18,773 to €7,123
of which Taxes: -€11,599
- Trade debts +€10,857
up €10,857 (+136%), from €8,007 to €18,863
- Staff costs -€19,856
no longer reported in 2025 (was €19,856)
- Taxes +€5,102
up €5,102 (+505%), from €1,010 to €6,112
- Financial charges +€2,082
up €2,082 (+161%), from €1,294 to €3,376
- Gross operating margin +€1,654
up €1,654 (+4.4%), from €37,456 to €39,110
- Depreciation +€880
up €880 (+6.2%), from €14,170 to €15,050
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 | €84,787 | €115,459 | +€30,672 | +36.2% |
| Formation expenses | 20 | €616 | €399 | -€218 | -35.3% |
| Fixed assets | 21/28 | €18,866 | €34,627 | +€15,761 | +83.5% |
| Tangible fixed assets | 22/27 | €18,866 | €34,627 | +€15,761 | +83.5% |
| Plant, machinery and equipment | 23 | €2,120 | €0 | -€2,120 | -100% |
| Furniture and vehicles | 24 | €16,747 | €32,908 | +€16,162 | +96.5% |
| Other tangible fixed assets | 26 | - | €1,719 | +€1,719 | |
| Current assets | 29/58 | €65,304 | €80,433 | +€15,129 | +23.2% |
| Stocks and contracts in progress | 3 | €6,000 | €6,750 | +€750 | +12.5% |
| Stocks | 30/36 | €6,000 | €6,750 | +€750 | +12.5% |
| Amounts receivable within one year | 40/41 | €56,706 | €56,946 | +€240 | +0.4% |
| Trade receivables | 40 | €10,358 | €16,135 | +€5,776 | +55.8% |
| Other amounts receivable | 41 | €46,347 | €40,811 | -€5,536 | -11.9% |
| Cash at bank and in hand | 54/58 | €1,856 | €15,789 | +€13,932 | +750% |
| Deferred charges and accrued income | 490/1 | €742 | €949 | +€207 | +27.8% |
| Total equity and liabilities | 10/49 | €84,787 | €115,459 | +€30,672 | +36.2% |
| Equity | 10/15 | €44,473 | €58,498 | +€14,025 | +31.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,000 | €56,000 | +€13,000 | +30.2% |
| Distributable reserves | 133 | €43,000 | €56,000 | +€13,000 | +30.2% |
| Profit (loss) carried forward | 14 | -€527 | €498 | +€1,025 | |
| Amounts payable | 17/49 | €40,314 | €56,961 | +€16,647 | +41.3% |
| Amounts payable after more than one year | 17 | €5,051 | €21,619 | +€16,568 | +328% |
| Financial debts | 170/4 | €5,051 | €21,619 | +€16,568 | +328% |
| Amounts payable within one year | 42/48 | €35,263 | €35,318 | +€55 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €8,408 | €9,332 | +€924 | +11.0% |
| Trade debts | 44 | €8,007 | €18,863 | +€10,857 | +136% |
| Suppliers | 440/4 | €8,007 | €18,863 | +€10,857 | +136% |
| Taxes, remuneration and social security | 45 | €18,773 | €7,123 | -€11,651 | -62.1% |
| Taxes | 450/3 | €18,722 | €7,123 | -€11,599 | -62.0% |
| Remuneration and social security | 454/9 | €51 | - | -€51 | |
| Other amounts payable | 47/48 | €75 | - | -€75 | |
| Accrued charges and deferred income | 492/3 | - | €24 | +€24 | |
| Remuneration, social security and pensions | 62 | €19,856 | - | -€19,856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,170 | €15,050 | +€880 | +6.2% |
| Other operating charges | 640/8 | €2,655 | €1,880 | -€775 | -29.2% |
| Non-recurring operating charges | 66A | €160 | - | -€160 | |
| Gross operating margin | 9900 | €37,456 | €39,110 | +€1,654 | +4.4% |
| Operating profit (loss) | 9901 | €616 | €22,180 | +€21,565 | +3,503% |
| Financial income | 75/76B | €633 | €1,333 | +€700 | +111% |
| Recurring financial income | 75 | €633 | €1,333 | +€700 | +111% |
| Financial charges | 65/66B | €1,294 | €3,376 | +€2,082 | +161% |
| Recurring financial charges | 65 | €1,294 | €3,376 | +€2,082 | +161% |
| Profit (loss) for the period before taxes | 9903 | -€45 | €20,137 | +€20,182 | |
| Income taxes | 67/77 | €1,010 | €6,112 | +€5,102 | +505% |
| Profit (loss) for the period | 9904 | -€1,056 | €14,025 | +€15,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,056 | €14,025 | +€15,080 |
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 14 October 2026 via checked.be.