GIDACO: 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.
GIDACO
Largest movements
- Receivables within one year -€447,900
down €447,900 (-30.7%), from €1.5m to €1.0m
of which Other amounts receivable: -€454,739
- Cash -€81,367
down €81,367 (-65.1%), from €124,973 to €43,606
mainly Other debts (-€1.1m) and Current portion of long-term debt (-€500,000)
- Reserves +€1.2m
up €1.2m (+103%), from €1.1m to €2.3m
- Other debts -€1.1m
down €1.1m (-46.5%), from €2.4m to €1.3m
- Current portion of long-term debt -€500,000
no longer reported in 2025 (was €500,000)
- Financial income +€1.1m
up €1.1m (+2,648%), from €42,007 to €1.2m
- Taxes +€146,851
up €146,851 (+726%), from €20,229 to €167,080
- Gross operating margin +€99,401
up €99,401 (+74.3%), from €133,785 to €233,186
- Financial charges -€45,280
down €45,280 (-40.5%), from €111,725 to €66,445
- Depreciation -€5,214
down €5,214 (-90.1%), from €5,788 to €574
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 | €4,150,185 | €3,637,983 | -€512,203 | -12.3% |
| Fixed assets | 21/28 | €2,553,147 | €2,552,573 | -€574 | 0.0% |
| Tangible fixed assets | 22/27 | €2,914 | €2,339 | -€574 | -19.7% |
| Plant, machinery and equipment | 23 | €2,914 | €2,339 | -€574 | -19.7% |
| Financial fixed assets | 28 | €2,550,234 | €2,550,234 | = | 0.0% |
| Current assets | 29/58 | €1,597,038 | €1,085,410 | -€511,628 | -32.0% |
| Amounts receivable within one year | 40/41 | €1,460,292 | €1,012,392 | -€447,900 | -30.7% |
| Trade receivables | 40 | €37,507 | €44,346 | +€6,839 | +18.2% |
| Other amounts receivable | 41 | €1,422,785 | €968,046 | -€454,739 | -32.0% |
| Cash at bank and in hand | 54/58 | €124,973 | €43,606 | -€81,367 | -65.1% |
| Deferred charges and accrued income | 490/1 | €11,773 | €29,412 | +€17,639 | +150% |
| Total equity and liabilities | 10/49 | €4,150,185 | €3,637,983 | -€512,203 | -12.3% |
| Equity | 10/15 | €1,138,311 | €2,289,324 | +€1.2m | +101% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,118,311 | €2,269,324 | +€1.2m | +103% |
| Distributable reserves | 133 | €1,118,311 | €2,269,324 | +€1.2m | +103% |
| Amounts payable | 17/49 | €3,011,874 | €1,348,659 | -€1.7m | -55.2% |
| Amounts payable within one year | 42/48 | €2,947,826 | €1,318,941 | -€1.6m | -55.3% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | - | -€500,000 | |
| Trade debts | 44 | €3,986 | €161 | -€3,825 | -96.0% |
| Suppliers | 440/4 | €3,986 | €161 | -€3,825 | -96.0% |
| Taxes, remuneration and social security | 45 | €13,840 | €18,780 | +€4,940 | +35.7% |
| Taxes | 450/3 | €13,840 | €18,780 | +€4,940 | +35.7% |
| Other amounts payable | 47/48 | €2,430,000 | €1,300,000 | -€1.1m | -46.5% |
| Accrued charges and deferred income | 492/3 | €64,048 | €29,718 | -€34,330 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,788 | €574 | -€5,214 | -90.1% |
| Other operating charges | 640/8 | €2,116 | €2,543 | +€427 | +20.2% |
| Gross operating margin | 9900 | €133,785 | €233,186 | +€99,401 | +74.3% |
| Operating profit (loss) | 9901 | €125,881 | €230,069 | +€104,188 | +82.8% |
| Financial income | 75/76B | €42,007 | €1,154,469 | +€1.1m | +2,648% |
| Recurring financial income | 75 | €42,007 | €1,154,469 | +€1.1m | +2,648% |
| Financial charges | 65/66B | €111,725 | €66,445 | -€45,280 | -40.5% |
| Recurring financial charges | 65 | €111,725 | €66,445 | -€45,280 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €56,163 | €1,318,093 | +€1.3m | +2,247% |
| Income taxes | 67/77 | €20,229 | €167,080 | +€146,851 | +726% |
| Profit (loss) for the period | 9904 | €35,934 | €1,151,013 | +€1.1m | +3,103% |
| Profit (loss) for the period to be appropriated | 9905 | €35,934 | €1,151,013 | +€1.1m | +3,103% |
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 23 October 2026 via checked.be.