GIDEFIN: 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.
GIDEFIN
Largest movements
- Current investments -€150,000
down €150,000 (-75.0%), from €200,000 to €50,000
- Receivables within one year +€79,036
up €79,036 (+101.0%), from €78,241 to €157,277
of which Other amounts receivable: +€84,582
- Intangible fixed assets -€50,000
down €50,000 (-12.5%), from €400,000 to €350,000
- Cash +€46,961
up €46,961 (+62.2%), from €75,509 to €122,471
mainly Current investments (+€150,000) and Net result for the year (+€96,993)
- Tangible fixed assets +€42,209
up €42,209 (+9.1%), from €462,909 to €505,118
of which Other tangible fixed assets: +€55,015
- Reserves +€100,000
up €100,000 (+26.2%), from €381,860 to €481,860
of which Distributable reserves: +€100,000
- Debts after one year -€99,650
down €99,650 (-19.8%), from €502,219 to €402,569
- Profit (loss) carried forward -€53,007
down €53,007 (-52.6%), from €100,744 to €47,737
- Current portion of long-term debt +€35,546
up €35,546 (+35.1%), from €101,345 to €136,891
- Tax, wage and social debts -€15,774
down €15,774 (-22.0%), from €71,768 to €55,994
of which Taxes: -€18,142
- Staff costs -€24,696
down €24,696 (-12.3%), from €201,039 to €176,343
- Taxes +€12,680
up €12,680 (+37.9%), from €33,475 to €46,155
- Gross operating margin +€8,392
up €8,392 (+2.1%), from €408,370 to €416,762
- Depreciation +€6,390
up €6,390 (+8.4%), from €75,970 to €82,360
- Other operating charges -€4,364
down €4,364 (-47.5%), from €9,186 to €4,822
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 | €1,222,233 | €1,189,747 | -€32,487 | -2.7% |
| Fixed assets | 21/28 | €864,925 | €857,134 | -€7,791 | -0.9% |
| Intangible fixed assets | 21 | €400,000 | €350,000 | -€50,000 | -12.5% |
| Tangible fixed assets | 22/27 | €462,909 | €505,118 | +€42,209 | +9.1% |
| Land and buildings | 22 | €361,553 | €351,753 | -€9,800 | -2.7% |
| Furniture and vehicles | 24 | €21,457 | €18,451 | -€3,006 | -14.0% |
| Other tangible fixed assets | 26 | €79,900 | €134,915 | +€55,015 | +68.9% |
| Financial fixed assets | 28 | €2,015 | €2,015 | = | 0.0% |
| Current assets | 29/58 | €357,309 | €332,613 | -€24,696 | -6.9% |
| Amounts receivable within one year | 40/41 | €78,241 | €157,277 | +€79,036 | +101.0% |
| Trade receivables | 40 | €57,399 | €51,853 | -€5,546 | -9.7% |
| Other amounts receivable | 41 | €20,843 | €105,424 | +€84,582 | +405.8% |
| Current investments | 50/53 | €200,000 | €50,000 | -€150,000 | -75.0% |
| Cash at bank and in hand | 54/58 | €75,509 | €122,471 | +€46,961 | +62.2% |
| Deferred charges and accrued income | 490/1 | €3,558 | €2,865 | -€693 | -19.5% |
| Total equity and liabilities | 10/49 | €1,222,233 | €1,189,747 | -€32,487 | -2.7% |
| Equity | 10/15 | €495,004 | €541,997 | +€46,993 | +9.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €381,860 | €481,860 | +€100,000 | +26.2% |
| 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 | €380,000 | €480,000 | +€100,000 | +26.3% |
| Profit (loss) carried forward | 14 | €100,744 | €47,737 | -€53,007 | -52.6% |
| Amounts payable | 17/49 | €727,229 | €647,749 | -€79,479 | -10.9% |
| Amounts payable after more than one year | 17 | €502,219 | €402,569 | -€99,650 | -19.8% |
| Financial debts | 170/4 | €502,219 | €402,569 | -€99,650 | -19.8% |
| Amounts payable within one year | 42/48 | €225,010 | €245,180 | +€20,170 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €101,345 | €136,891 | +€35,546 | +35.1% |
| Trade debts | 44 | €12,928 | €14,884 | +€1,956 | +15.1% |
| Suppliers | 440/4 | €12,928 | €14,884 | +€1,956 | +15.1% |
| Taxes, remuneration and social security | 45 | €71,768 | €55,994 | -€15,774 | -22.0% |
| Taxes | 450/3 | €43,142 | €25,000 | -€18,142 | -42.1% |
| Remuneration and social security | 454/9 | €28,625 | €30,994 | +€2,368 | +8.3% |
| Other amounts payable | 47/48 | €38,970 | €37,411 | -€1,559 | -4.0% |
| Remuneration, social security and pensions | 62 | €201,039 | €176,343 | -€24,696 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,970 | €82,360 | +€6,390 | +8.4% |
| Other operating charges | 640/8 | €9,186 | €4,822 | -€4,364 | -47.5% |
| Gross operating margin | 9900 | €408,370 | €416,762 | +€8,392 | +2.1% |
| Operating profit (loss) | 9901 | €122,175 | €153,236 | +€31,062 | +25.4% |
| Financial income | 75/76B | €4,797 | €6,724 | +€1,927 | +40.2% |
| Recurring financial income | 75 | €4,797 | €6,724 | +€1,927 | +40.2% |
| Financial charges | 65/66B | €19,529 | €16,812 | -€2,717 | -13.9% |
| Recurring financial charges | 65 | €19,529 | €16,812 | -€2,717 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €107,443 | €143,148 | +€35,705 | +33.2% |
| Income taxes | 67/77 | €33,475 | €46,155 | +€12,680 | +37.9% |
| Profit (loss) for the period | 9904 | €73,968 | €96,993 | +€23,025 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,968 | €96,993 | +€23,025 | +31.1% |
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 11 October 2026 via checked.be.