GIA PARTNERS: 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.
GIA PARTNERS
Largest movements
- Financial fixed assets +€100,000
new in 2025: €100,000
- Stocks and contracts +€60,187
up €60,187 (+11.0%), from €548,523 to €608,710
- Receivables within one year -€53,938
down €53,938 (-69.7%), from €77,396 to €23,458
of which Trade receivables: -€68,683
- Cash +€52,531
up €52,531 (+1,160%), from €4,528 to €57,058
mainly Current portion of long-term debt (+€125,000) and Debts after one year (+€100,000)
- Current portion of long-term debt +€125,000
new in 2025: €125,000
- Debts after one year +€100,000
new in 2025: €100,000
- Trade debts -€68,043
down €68,043 (-82.8%), from €82,140 to €14,097
- Gross operating margin -€56,968
down €56,968, from €53,364 to -€3,604
- Financial charges -€6,292
down €6,292 (-67.9%), from €9,261 to €2,969
- Financial income +€3,594
new in 2025: €3,594
- Taxes -€2,601
down €2,601 (-88.6%), from €2,935 to €334
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 | €820,047 | €978,827 | +€158,780 | +19.4% |
| Fixed assets | 21/28 | - | €100,000 | +€100,000 | |
| Financial fixed assets | 28 | - | €100,000 | +€100,000 | |
| Current assets | 29/58 | €820,047 | €878,827 | +€58,780 | +7.2% |
| Stocks and contracts in progress | 3 | €548,523 | €608,710 | +€60,187 | +11.0% |
| Stocks | 30/36 | €548,523 | €608,710 | +€60,187 | +11.0% |
| Amounts receivable within one year | 40/41 | €77,396 | €23,458 | -€53,938 | -69.7% |
| Trade receivables | 40 | €71,406 | €2,723 | -€68,683 | -96.2% |
| Other amounts receivable | 41 | €5,991 | €20,736 | +€14,745 | +246% |
| Current investments | 50/53 | €189,600 | €189,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,528 | €57,058 | +€52,531 | +1,160% |
| Total equity and liabilities | 10/49 | €820,047 | €978,827 | +€158,780 | +19.4% |
| Equity | 10/15 | €23,474 | €19,762 | -€3,712 | -15.8% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €196,200 | €196,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €196,200 | €196,200 | = | 0.0% |
| Legal reserve | 130 | €6,600 | €6,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €189,600 | €189,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,726 | -€242,438 | -€3,712 | -1.6% |
| Amounts payable | 17/49 | €796,573 | €959,065 | +€162,492 | +20.4% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €757,130 | €817,199 | +€60,068 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €82,140 | €14,097 | -€68,043 | -82.8% |
| Suppliers | 440/4 | €82,140 | €14,097 | -€68,043 | -82.8% |
| Taxes, remuneration and social security | 45 | €2,935 | €4,299 | +€1,364 | +46.5% |
| Taxes | 450/3 | €2,935 | €4,299 | +€1,364 | +46.5% |
| Other amounts payable | 47/48 | €672,056 | €673,802 | +€1,747 | +0.3% |
| Accrued charges and deferred income | 492/3 | €39,442 | €41,866 | +€2,424 | +6.1% |
| Other operating charges | 640/8 | €457 | €400 | -€58 | -12.6% |
| Gross operating margin | 9900 | €53,364 | -€3,604 | -€56,968 | |
| Operating profit (loss) | 9901 | €52,907 | -€4,003 | -€56,910 | |
| Financial income | 75/76B | - | €3,594 | +€3,594 | |
| Recurring financial income | 75 | - | €3,594 | +€3,594 | |
| Financial charges | 65/66B | €9,261 | €2,969 | -€6,292 | -67.9% |
| Recurring financial charges | 65 | €9,261 | €2,969 | -€6,292 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €43,646 | -€3,378 | -€47,024 | |
| Income taxes | 67/77 | €2,935 | €334 | -€2,601 | -88.6% |
| Profit (loss) for the period | 9904 | €40,711 | -€3,712 | -€44,423 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,711 | -€3,712 | -€44,423 |
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 24 October 2026 via checked.be.