GI-TEC: 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-TEC
Largest movements
- Cash -€46,903
down €46,903 (-69.0%), from €67,969 to €21,065
mainly Contributions, distributions and other (-€31,199) and Tax, wage and social debts (-€17,495)
- Receivables within one year -€9,415
down €9,415 (-19.8%), from €47,501 to €38,087
of which Trade receivables: -€30,921
- Reserves -€29,106
down €29,106 (-29.3%), from €99,251 to €70,146
of which Distributable reserves: -€29,106
- Tax, wage and social debts -€17,495
no longer reported in 2025 (was €17,495)
of which Taxes: -€15,245
- Debts after one year -€14,253
down €14,253 (-29.4%), from €48,451 to €34,198
- Current portion of long-term debt -€8,041
down €8,041 (-36.1%), from €22,295 to €14,253
- Trade debts +€7,034
up €7,034 (+170.3%), from €4,129 to €11,163
- Gross operating margin -€91,419
down €91,419 (-85.4%), from €107,011 to €15,592
- Taxes -€16,516
down €16,516 (-97.2%), from €16,990 to €474
- Depreciation -€9,603
down €9,603 (-55.6%), from €17,257 to €7,654
- Financial charges -€1,537
down €1,537 (-29.2%), from €5,269 to €3,732
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 | €246,759 | €187,984 | -€58,774 | -23.8% |
| Fixed assets | 21/28 | €128,980 | €127,115 | -€1,865 | -1.4% |
| Tangible fixed assets | 22/27 | €128,980 | €127,115 | -€1,865 | -1.4% |
| Land and buildings | 22 | €117,965 | €116,166 | -€1,799 | -1.5% |
| Plant, machinery and equipment | 23 | €0 | €1,877 | +€1,877 | |
| Furniture and vehicles | 24 | €11,015 | €9,072 | -€1,942 | -17.6% |
| Current assets | 29/58 | €117,779 | €60,869 | -€56,910 | -48.3% |
| Amounts receivable within one year | 40/41 | €47,501 | €38,087 | -€9,415 | -19.8% |
| Trade receivables | 40 | €47,501 | €16,580 | -€30,921 | -65.1% |
| Other amounts receivable | 41 | €0 | €21,507 | +€21,507 | |
| Cash at bank and in hand | 54/58 | €67,969 | €21,065 | -€46,903 | -69.0% |
| Deferred charges and accrued income | 490/1 | €2,309 | €1,717 | -€592 | -25.6% |
| Total equity and liabilities | 10/49 | €246,759 | €187,984 | -€58,774 | -23.8% |
| Equity | 10/15 | €117,851 | €88,746 | -€29,106 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,251 | €70,146 | -€29,106 | -29.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €99,251 | €70,146 | -€29,106 | -29.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €128,907 | €99,238 | -€29,669 | -23.0% |
| Amounts payable after more than one year | 17 | €48,451 | €34,198 | -€14,253 | -29.4% |
| Financial debts | 170/4 | €48,451 | €34,198 | -€14,253 | -29.4% |
| Amounts payable within one year | 42/48 | €76,904 | €62,558 | -€14,346 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €22,295 | €14,253 | -€8,041 | -36.1% |
| Trade debts | 44 | €4,129 | €11,163 | +€7,034 | +170.3% |
| Suppliers | 440/4 | €4,129 | €11,163 | +€7,034 | +170.3% |
| Taxes, remuneration and social security | 45 | €17,495 | - | -€17,495 | |
| Taxes | 450/3 | €15,245 | - | -€15,245 | |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €32,985 | €37,142 | +€4,157 | +12.6% |
| Accrued charges and deferred income | 492/3 | €3,552 | €2,482 | -€1,070 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,257 | €7,654 | -€9,603 | -55.6% |
| Other operating charges | 640/8 | €1,302 | €1,640 | +€338 | +25.9% |
| Gross operating margin | 9900 | €107,011 | €15,592 | -€91,419 | -85.4% |
| Operating profit (loss) | 9901 | €88,452 | €6,299 | -€82,153 | -92.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,269 | €3,732 | -€1,537 | -29.2% |
| Recurring financial charges | 65 | €5,269 | €3,732 | -€1,537 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €83,182 | €2,567 | -€80,616 | -96.9% |
| Income taxes | 67/77 | €16,990 | €474 | -€16,516 | -97.2% |
| Profit (loss) for the period | 9904 | €66,193 | €2,093 | -€64,100 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,193 | €2,093 | -€64,100 | -96.8% |
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 12 October 2026 via checked.be.