Gi.Ga: what changed
Two fiscal 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.
Gi.Ga
Largest movements
- Cash -€25,533
down €25,533 (-98.4%), from €25,937 to €404
mainly Receivables within one year (-€24,805) and Debts after one year (-€11,006)
- Receivables within one year +€24,805
up €24,805 (+46.1%), from €53,773 to €78,578
of which Other amounts receivable: +€22,175
- Tangible fixed assets -€12,546
down €12,546 (-4.9%), from €255,877 to €243,330
of which Land and buildings: -€12,546
- Debts after one year -€11,006
down €11,006 (-9.4%), from €117,192 to €106,185
- Profit (loss) carried forward -€4,922
down €4,922 (-4.2%), from -€116,965 to -€121,887
- Gross operating margin +€6,637
up €6,637 (+161.6%), from €4,108 to €10,745
- Financial charges -€637
down €637 (-21.3%), from €2,986 to €2,349
- Other operating charges -€164
down €164 (-19.8%), from €827 to €663
- Financial income -€130
down €130 (-53.8%), from €242 to €112
of which Financial income: -€130
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 | €337,256 | €322,933 | -€14,324 | -4.2% |
| Fixed assets | 21/28 | €255,877 | €243,330 | -€12,546 | -4.9% |
| Tangible fixed assets | 22/27 | €255,877 | €243,330 | -€12,546 | -4.9% |
| Land and buildings | 22 | €254,637 | €242,091 | -€12,546 | -4.9% |
| Furniture and vehicles | 24 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €81,380 | €79,602 | -€1,778 | -2.2% |
| Amounts receivable within one year | 40/41 | €53,773 | €78,578 | +€24,805 | +46.1% |
| Trade receivables | 40 | €5,077 | €7,707 | +€2,630 | +51.8% |
| Other amounts receivable | 41 | €48,696 | €70,871 | +€22,175 | +45.5% |
| Cash at bank and in hand | 54/58 | €25,937 | €404 | -€25,533 | -98.4% |
| Deferred charges and accrued income | 490/1 | €1,670 | €620 | -€1,050 | -62.9% |
| Total equity and liabilities | 10/49 | €337,256 | €322,933 | -€14,324 | -4.2% |
| Equity | 10/15 | €203,495 | €198,573 | -€4,922 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,860 | €301,860 | = | 0.0% |
| 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 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,965 | -€121,887 | -€4,922 | -4.2% |
| Amounts payable | 17/49 | €133,762 | €124,360 | -€9,402 | -7.0% |
| Amounts payable after more than one year | 17 | €117,192 | €106,185 | -€11,006 | -9.4% |
| Financial debts | 170/4 | €117,192 | €106,185 | -€11,006 | -9.4% |
| Amounts payable within one year | 42/48 | €16,570 | €18,174 | +€1,604 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €10,856 | €11,006 | +€151 | +1.4% |
| Trade debts | 44 | €3,648 | €6,664 | +€3,016 | +82.7% |
| Suppliers | 440/4 | €3,648 | €6,664 | +€3,016 | +82.7% |
| Taxes, remuneration and social security | 45 | €314 | €352 | +€38 | +12.1% |
| Taxes | 450/3 | €314 | €352 | +€38 | +12.1% |
| Other amounts payable | 47/48 | €1,752 | €152 | -€1,600 | -91.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,546 | €12,546 | = | 0.0% |
| Other operating charges | 640/8 | €827 | €663 | -€164 | -19.8% |
| Gross operating margin | 9900 | €4,108 | €10,745 | +€6,637 | +161.6% |
| Operating profit (loss) | 9901 | -€9,265 | -€2,464 | +€6,801 | +73.4% |
| Financial income | 75/76B | €242 | €112 | -€130 | -53.8% |
| Recurring financial income | 75 | €242 | €112 | -€130 | -53.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,986 | €2,349 | -€637 | -21.3% |
| Recurring financial charges | 65 | €2,986 | €2,349 | -€637 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,009 | -€4,701 | +€7,308 | +60.9% |
| Income taxes | 67/77 | €238 | €221 | -€17 | -7.0% |
| Profit (loss) for the period | 9904 | -€12,246 | -€4,922 | +€7,325 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,246 | -€4,922 | +€7,325 | +59.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.