GIEJA: 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.
GIEJA
Largest movements
- Receivables within one year +€36,028
up €36,028 (+11.1%), from €324,919 to €360,947
- Tangible fixed assets -€9,020
down €9,020 (-5.5%), from €163,855 to €154,835
- Reserves +€26,558
up €26,558 (+16.7%), from €159,067 to €185,625
of which Distributable reserves: +€26,558
- Gross operating margin +€5,409
up €5,409 (+10.5%), from €51,287 to €56,696
- Depreciation -€3,788
down €3,788 (-29.6%), from €12,807 to €9,020
- Taxes +€2,814
up €2,814 (+19.6%), from €14,378 to €17,191
- Other operating charges +€791
up €791 (+14.5%), from €5,456 to €6,247
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 | €502,666 | €528,563 | +€25,897 | +5.2% |
| Fixed assets | 21/28 | €163,855 | €154,835 | -€9,020 | -5.5% |
| Tangible fixed assets | 22/27 | €163,855 | €154,835 | -€9,020 | -5.5% |
| Land and buildings | 22 | €163,855 | €154,835 | -€9,020 | -5.5% |
| Current assets | 29/58 | €338,811 | €373,727 | +€34,917 | +10.3% |
| Amounts receivable within one year | 40/41 | €324,919 | €360,947 | +€36,028 | +11.1% |
| Other amounts receivable | 41 | €324,919 | €360,947 | +€36,028 | +11.1% |
| Cash at bank and in hand | 54/58 | €12,884 | €11,723 | -€1,162 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,007 | €1,058 | +€51 | +5.0% |
| Total equity and liabilities | 10/49 | €502,666 | €528,563 | +€25,897 | +5.2% |
| Equity | 10/15 | €472,412 | €498,970 | +€26,558 | +5.6% |
| Contributions | 10/11 | €263,561 | €263,561 | = | 0.0% |
| Capital | 10 | €263,561 | €263,561 | = | 0.0% |
| Issued capital | 100 | €263,561 | €263,561 | = | 0.0% |
| Reserves | 13 | €159,067 | €185,625 | +€26,558 | +16.7% |
| Non-distributable reserves | 130/1 | €31,465 | €31,465 | = | 0.0% |
| Legal reserve | 130 | €31,465 | €31,465 | = | 0.0% |
| Distributable reserves | 133 | €127,602 | €154,160 | +€26,558 | +20.8% |
| Profit (loss) carried forward | 14 | €49,784 | €49,784 | = | 0.0% |
| Amounts payable | 17/49 | €30,254 | €29,593 | -€661 | -2.2% |
| Amounts payable within one year | 42/48 | €29,304 | €28,397 | -€907 | -3.1% |
| Trade debts | 44 | €1,915 | €2,649 | +€734 | +38.3% |
| Suppliers | 440/4 | €1,915 | €2,649 | +€734 | +38.3% |
| Taxes, remuneration and social security | 45 | €7,703 | €8,841 | +€1,138 | +14.8% |
| Taxes | 450/3 | €7,703 | €8,841 | +€1,138 | +14.8% |
| Other amounts payable | 47/48 | €19,686 | €16,907 | -€2,778 | -14.1% |
| Accrued charges and deferred income | 492/3 | €950 | €1,195 | +€245 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,807 | €9,020 | -€3,788 | -29.6% |
| Other operating charges | 640/8 | €5,456 | €6,247 | +€791 | +14.5% |
| Gross operating margin | 9900 | €51,287 | €56,696 | +€5,409 | +10.5% |
| Operating profit (loss) | 9901 | €33,023 | €41,429 | +€8,405 | +25.5% |
| Financial income | 75/76B | €12,591 | €13,028 | +€438 | +3.5% |
| Recurring financial income | 75 | €12,591 | €13,028 | +€438 | +3.5% |
| Financial charges | 65/66B | €741 | €704 | -€36 | -4.9% |
| Recurring financial charges | 65 | €741 | €704 | -€36 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €44,873 | €53,753 | +€8,880 | +19.8% |
| Income taxes | 67/77 | €14,378 | €17,191 | +€2,814 | +19.6% |
| Profit (loss) for the period | 9904 | €30,496 | €36,561 | +€6,066 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,496 | €36,561 | +€6,066 | +19.9% |
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 7 October 2026 via checked.be.