GIDES: 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.
GIDES
Largest movements
- Receivables within one year -€60,928
down €60,928 (-99.6%), from €61,161 to €233
of which Trade receivables: -€60,661
- Current investments +€31,531
up €31,531 (+31.4%), from €100,494 to €132,025
- Tangible fixed assets -€25,572
down €25,572 (-5.7%), from €447,632 to €422,060
- Cash +€13,154
up €13,154 (+14.5%), from €90,748 to €103,902
mainly Receivables within one year (+€60,928) and Depreciation (+€25,572)
- Debts after one year -€34,071
down €34,071 (-49.6%), from €68,744 to €34,673
- Other debts -€25,000
down €25,000 (-41.7%), from €60,000 to €35,000
- Reserves +€14,839
up €14,839 (+45.0%), from €32,961 to €47,800
of which Distributable reserves: +€14,000
- Gross operating margin +€10,412
up €10,412 (+24.8%), from €42,003 to €52,415
- Taxes +€4,334
up €4,334 (+154.7%), from €2,801 to €7,135
- Financial charges -€605
down €605 (-27.5%), from €2,202 to €1,597
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 | €701,742 | €659,198 | -€42,544 | -6.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €448,137 | €422,565 | -€25,572 | -5.7% |
| Tangible fixed assets | 22/27 | €447,632 | €422,060 | -€25,572 | -5.7% |
| Land and buildings | 22 | €447,632 | €422,060 | -€25,572 | -5.7% |
| Financial fixed assets | 28 | €505 | €505 | = | 0.0% |
| Current assets | 29/58 | €253,605 | €236,633 | -€16,972 | -6.7% |
| Amounts receivable within one year | 40/41 | €61,161 | €233 | -€60,928 | -99.6% |
| Trade receivables | 40 | €60,894 | €233 | -€60,661 | -99.6% |
| Other amounts receivable | 41 | €267 | - | -€267 | |
| Current investments | 50/53 | €100,494 | €132,025 | +€31,531 | +31.4% |
| Cash at bank and in hand | 54/58 | €90,748 | €103,902 | +€13,154 | +14.5% |
| Deferred charges and accrued income | 490/1 | €1,202 | €473 | -€729 | -60.6% |
| Total equity and liabilities | 10/49 | €701,742 | €659,198 | -€42,544 | -6.1% |
| Equity | 10/15 | €535,463 | €550,844 | +€15,381 | +2.9% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €32,961 | €47,800 | +€14,839 | +45.0% |
| Non-distributable reserves | 130/1 | €2,983 | €3,822 | +€839 | +28.1% |
| Legal reserve | 130 | €2,983 | €3,822 | +€839 | +28.1% |
| Distributable reserves | 133 | €29,978 | €43,978 | +€14,000 | +46.7% |
| Profit (loss) carried forward | 14 | €52,502 | €53,044 | +€542 | +1.0% |
| Amounts payable | 17/49 | €166,279 | €108,354 | -€57,925 | -34.8% |
| Amounts payable after more than one year | 17 | €68,744 | €34,673 | -€34,071 | -49.6% |
| Financial debts | 170/4 | €68,744 | €34,673 | -€34,071 | -49.6% |
| Amounts payable within one year | 42/48 | €96,835 | €72,981 | -€23,854 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €33,481 | €34,071 | +€591 | +1.8% |
| Trade debts | 44 | €3,355 | - | -€3,355 | |
| Suppliers | 440/4 | €3,355 | - | -€3,355 | |
| Taxes, remuneration and social security | 45 | - | €3,910 | +€3,910 | |
| Taxes | 450/3 | - | €3,910 | +€3,910 | |
| Other amounts payable | 47/48 | €60,000 | €35,000 | -€25,000 | -41.7% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Non-recurring operating income | 76A | - | €554 | +€554 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,572 | €25,572 | = | 0.0% |
| Other operating charges | 640/8 | €4,919 | €5,146 | +€226 | +4.6% |
| Gross operating margin | 9900 | €42,003 | €52,415 | +€10,412 | +24.8% |
| Operating profit (loss) | 9901 | €11,511 | €21,697 | +€10,186 | +88.5% |
| Financial income | 75/76B | €1,896 | €2,416 | +€520 | +27.4% |
| Recurring financial income | 75 | €1,896 | €2,416 | +€520 | +27.4% |
| Financial charges | 65/66B | €2,202 | €1,597 | -€605 | -27.5% |
| Recurring financial charges | 65 | €2,202 | €1,597 | -€605 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €11,206 | €22,516 | +€11,310 | +100.9% |
| Income taxes | 67/77 | €2,801 | €7,135 | +€4,334 | +154.7% |
| Profit (loss) for the period | 9904 | €8,404 | €15,381 | +€6,977 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,404 | €15,381 | +€6,977 | +83.0% |
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 1 October 2026 via checked.be.