Gi-net: 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-net
Largest movements
- Tangible fixed assets +€323,685
up €323,685 (+433.6%), from €74,652 to €398,337
of which Land and buildings: +€284,775
- Cash -€14,054
down €14,054 (-10.9%), from €129,448 to €115,394
mainly Investment in fixed assets (net) (-€392,144) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€13,287
up €13,287 (+73.6%), from €18,062 to €31,349
of which Other amounts receivable: +€9,097
- Debts after one year +€229,876
up €229,876 (+1316.0%), from €17,467 to €247,343
- Reserves +€30,336
up €30,336 (+17.1%), from €177,322 to €207,657
of which Distributable reserves: +€30,336
- Tax, wage and social debts +€20,102
up €20,102 (+255.2%), from €7,877 to €27,978
- Current portion of long-term debt +€16,178
up €16,178 (+137.4%), from €11,777 to €27,955
- Trade debts +€14,554
up €14,554 (+770.3%), from €1,889 to €16,443
- Depreciation +€43,660
up €43,660 (+176.1%), from €24,799 to €68,459
- Taxes -€10,501
down €10,501 (-43.0%), from €24,448 to €13,947
- Financial charges +€3,759
up €3,759 (+269.1%), from €1,397 to €5,156
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 | €222,531 | €545,677 | +€323,145 | +145.2% |
| Fixed assets | 21/28 | €74,652 | €398,337 | +€323,685 | +433.6% |
| Tangible fixed assets | 22/27 | €74,652 | €398,337 | +€323,685 | +433.6% |
| Land and buildings | 22 | - | €284,775 | +€284,775 | |
| Plant, machinery and equipment | 23 | €15,088 | €26,809 | +€11,722 | +77.7% |
| Furniture and vehicles | 24 | €59,564 | €86,753 | +€27,188 | +45.6% |
| Current assets | 29/58 | €147,879 | €147,339 | -€540 | -0.4% |
| Amounts receivable within one year | 40/41 | €18,062 | €31,349 | +€13,287 | +73.6% |
| Trade receivables | 40 | €17,677 | €21,867 | +€4,190 | +23.7% |
| Other amounts receivable | 41 | €385 | €9,482 | +€9,097 | +2364.8% |
| Cash at bank and in hand | 54/58 | €129,448 | €115,394 | -€14,054 | -10.9% |
| Deferred charges and accrued income | 490/1 | €370 | €597 | +€227 | +61.4% |
| Total equity and liabilities | 10/49 | €222,531 | €545,677 | +€323,145 | +145.2% |
| Equity | 10/15 | €183,522 | €213,857 | +€30,336 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €177,322 | €207,657 | +€30,336 | +17.1% |
| 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 | €175,462 | €205,797 | +€30,336 | +17.3% |
| Amounts payable | 17/49 | €39,010 | €331,819 | +€292,810 | +750.6% |
| Amounts payable after more than one year | 17 | €17,467 | €247,343 | +€229,876 | +1316.0% |
| Financial debts | 170/4 | €17,467 | €247,343 | +€229,876 | +1316.0% |
| Amounts payable within one year | 42/48 | €21,543 | €84,476 | +€62,933 | +292.1% |
| Current portion of amounts payable after more than one year | 42 | €11,777 | €27,955 | +€16,178 | +137.4% |
| Trade debts | 44 | €1,889 | €16,443 | +€14,554 | +770.3% |
| Suppliers | 440/4 | €1,889 | €16,443 | +€14,554 | +770.3% |
| Taxes, remuneration and social security | 45 | €7,877 | €27,978 | +€20,102 | +255.2% |
| Taxes | 450/3 | €7,877 | €27,978 | +€20,102 | +255.2% |
| Other amounts payable | 47/48 | - | €12,100 | +€12,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,799 | €68,459 | +€43,660 | +176.1% |
| Other operating charges | 640/8 | €924 | €1,411 | +€487 | +52.7% |
| Gross operating margin | 9900 | €139,076 | €138,712 | -€364 | -0.3% |
| Operating profit (loss) | 9901 | €113,353 | €68,842 | -€44,511 | -39.3% |
| Financial income | 75/76B | €370 | €597 | +€227 | +61.4% |
| Recurring financial income | 75 | €370 | €597 | +€227 | +61.4% |
| Financial charges | 65/66B | €1,397 | €5,156 | +€3,759 | +269.1% |
| Recurring financial charges | 65 | €1,397 | €5,156 | +€3,759 | +269.1% |
| Profit (loss) for the period before taxes | 9903 | €112,326 | €64,283 | -€48,043 | -42.8% |
| Income taxes | 67/77 | €24,448 | €13,947 | -€10,501 | -43.0% |
| Profit (loss) for the period | 9904 | €87,878 | €50,336 | -€37,542 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,878 | €50,336 | -€37,542 | -42.7% |
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 5 October 2026 via checked.be.