Gi Makoto: 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.
Gi Makoto
Largest movements
- Cash +€17,262
up €17,262 (+300%), from €5,756 to €23,017
mainly Other debts (+€54,648) and Depreciation (+€27,026)
- Receivables within one year +€8,534
up €8,534 (+88.8%), from €9,608 to €18,142
- Other debts +€54,648
up €54,648 (+19.4%), from €282,066 to €336,715
- Advances received -€50,187
no longer reported in 2025 (was €50,187)
- Trade debts +€16,656
up €16,656 (+715%), from €2,329 to €18,985
- Short-term financial debts -€9,217
no longer reported in 2025 (was €9,217)
- Tax, wage and social debts +€6,729
up €6,729 (+23.2%), from €28,944 to €35,673
of which Taxes: +€3,708
- Gross operating margin +€36,417
up €36,417 (+77.5%), from €46,999 to €83,416
- Other operating charges +€9,297
up €9,297 (+418%), from €2,224 to €11,521
- Staff costs +€6,563
up €6,563 (+21.5%), from €30,526 to €37,089
- Depreciation +€2,160
up €2,160 (+8.7%), from €24,866 to €27,026
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 | €499,247 | €527,871 | +€28,624 | +5.7% |
| Fixed assets | 21/28 | €458,058 | €457,332 | -€726 | -0.2% |
| Intangible fixed assets | 21 | €532 | €31 | -€500 | -94.1% |
| Tangible fixed assets | 22/27 | €457,481 | €457,255 | -€226 | 0.0% |
| Land and buildings | 22 | €427,992 | €406,993 | -€20,999 | -4.9% |
| Plant, machinery and equipment | 23 | €29,489 | €50,262 | +€20,773 | +70.4% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €41,189 | €70,539 | +€29,350 | +71.3% |
| Stocks and contracts in progress | 3 | €25,826 | €28,821 | +€2,995 | +11.6% |
| Stocks | 30/36 | €25,826 | €28,821 | +€2,995 | +11.6% |
| Amounts receivable within one year | 40/41 | €9,608 | €18,142 | +€8,534 | +88.8% |
| Trade receivables | 40 | €9,608 | €18,142 | +€8,534 | +88.8% |
| Cash at bank and in hand | 54/58 | €5,756 | €23,017 | +€17,262 | +300% |
| Deferred charges and accrued income | 490/1 | - | €559 | +€559 | |
| Total equity and liabilities | 10/49 | €499,247 | €527,871 | +€28,624 | +5.7% |
| Equity | 10/15 | -€111,455 | -€108,041 | +€3,413 | +3.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,955 | -€120,541 | +€3,413 | +2.8% |
| Amounts payable | 17/49 | €610,702 | €635,912 | +€25,211 | +4.1% |
| Amounts payable after more than one year | 17 | €216,165 | €220,893 | +€4,728 | +2.2% |
| Financial debts | 170/4 | €216,165 | €220,893 | +€4,728 | +2.2% |
| Amounts payable within one year | 42/48 | €391,992 | €412,475 | +€20,483 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €19,249 | €21,102 | +€1,854 | +9.6% |
| Financial debts | 43 | €9,217 | - | -€9,217 | |
| Credit institutions | 430/8 | €9,217 | - | -€9,217 | |
| Trade debts | 44 | €2,329 | €18,985 | +€16,656 | +715% |
| Suppliers | 440/4 | €2,329 | €18,985 | +€16,656 | +715% |
| Advances received on contracts in progress | 46 | €50,187 | - | -€50,187 | |
| Taxes, remuneration and social security | 45 | €28,944 | €35,673 | +€6,729 | +23.2% |
| Taxes | 450/3 | €5,328 | €9,037 | +€3,708 | +69.6% |
| Remuneration and social security | 454/9 | €23,615 | €26,636 | +€3,020 | +12.8% |
| Other amounts payable | 47/48 | €282,066 | €336,715 | +€54,648 | +19.4% |
| Accrued charges and deferred income | 492/3 | €2,545 | €2,545 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €30,526 | €37,089 | +€6,563 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,866 | €27,026 | +€2,160 | +8.7% |
| Other operating charges | 640/8 | €2,224 | €11,521 | +€9,297 | +418% |
| Gross operating margin | 9900 | €46,999 | €83,416 | +€36,417 | +77.5% |
| Operating profit (loss) | 9901 | -€10,617 | €7,780 | +€18,397 | |
| Financial income | 75/76B | €18 | €33 | +€14 | +76.8% |
| Recurring financial income | 75 | €18 | €33 | +€14 | +76.8% |
| Financial charges | 65/66B | €3,989 | €4,389 | +€401 | +10.0% |
| Recurring financial charges | 65 | €3,989 | €4,389 | +€401 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,587 | €3,423 | +€18,010 | |
| Income taxes | 67/77 | €6 | €10 | +€4 | +76.6% |
| Profit (loss) for the period | 9904 | -€14,593 | €3,413 | +€18,006 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,593 | €3,413 | +€18,006 |
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 16 October 2026 via checked.be.