GieForce: 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.
GieForce
Largest movements
- Cash +€103,298
up €103,298 (+153%), from €67,424 to €170,722
mainly Net result for the year (+€116,518) and Receivables within one year (+€52,464)
- Receivables within one year -€52,464
down €52,464 (-98.1%), from €53,505 to €1,041
- Current investments +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Reserves +€116,518
up €116,518 (+73.5%), from €158,480 to €274,999
- Tax, wage and social debts -€38,277
down €38,277 (-62.3%), from €61,446 to €23,169
of which Taxes: -€41,202
- Gross operating margin -€32,121
down €32,121 (-15.8%), from €202,667 to €170,545
- Taxes -€10,148
down €10,148 (-17.0%), from €59,565 to €49,417
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 | €232,069 | €308,416 | +€76,347 | +32.9% |
| Fixed assets | 21/28 | €11,140 | €11,652 | +€513 | +4.6% |
| Tangible fixed assets | 22/27 | €11,140 | €11,652 | +€513 | +4.6% |
| Plant, machinery and equipment | 23 | €3,143 | €2,430 | -€713 | -22.7% |
| Furniture and vehicles | 24 | €7,997 | €9,222 | +€1,226 | +15.3% |
| Current assets | 29/58 | €220,929 | €296,763 | +€75,834 | +34.3% |
| Amounts receivable within one year | 40/41 | €53,505 | €1,041 | -€52,464 | -98.1% |
| Trade receivables | 40 | €53,505 | €1,041 | -€52,464 | -98.1% |
| Current investments | 50/53 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €67,424 | €170,722 | +€103,298 | +153% |
| Total equity and liabilities | 10/49 | €232,069 | €308,416 | +€76,347 | +32.9% |
| Equity | 10/15 | €163,507 | €280,025 | +€116,518 | +71.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €158,480 | €274,999 | +€116,518 | +73.5% |
| Distributable reserves | 133 | €158,480 | €274,999 | +€116,518 | +73.5% |
| Profit (loss) carried forward | 14 | €27 | €27 | = | 0.0% |
| Amounts payable | 17/49 | €68,562 | €28,390 | -€40,172 | -58.6% |
| Amounts payable within one year | 42/48 | €68,562 | €28,390 | -€40,172 | -58.6% |
| Trade debts | 44 | €6,773 | €4,317 | -€2,456 | -36.3% |
| Suppliers | 440/4 | €6,773 | €4,317 | -€2,456 | -36.3% |
| Taxes, remuneration and social security | 45 | €61,446 | €23,169 | -€38,277 | -62.3% |
| Taxes | 450/3 | €61,446 | €20,244 | -€41,202 | -67.1% |
| Remuneration and social security | 454/9 | - | €2,925 | +€2,925 | |
| Other amounts payable | 47/48 | €343 | €905 | +€561 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,460 | €2,957 | +€1,497 | +102% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €202,667 | €170,545 | -€32,121 | -15.8% |
| Operating profit (loss) | 9901 | €201,144 | €167,527 | -€33,618 | -16.7% |
| Financial income | 75/76B | - | €1,310 | +€1,310 | |
| Recurring financial income | 75 | - | €1,310 | +€1,310 | |
| Financial charges | 65/66B | €2,599 | €2,901 | +€301 | +11.6% |
| Recurring financial charges | 65 | €2,599 | €2,901 | +€301 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €198,545 | €165,935 | -€32,610 | -16.4% |
| Income taxes | 67/77 | €59,565 | €49,417 | -€10,148 | -17.0% |
| Profit (loss) for the period | 9904 | €138,980 | €116,518 | -€22,462 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €138,980 | €116,518 | -€22,462 | -16.2% |
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 14 October 2026 via checked.be.