Giemiled: 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.
Giemiled
Largest movements
- Receivables within one year -€41,158
down €41,158 (-64.0%), from €64,300 to €23,142
of which Other amounts receivable: -€51,911
- Tangible fixed assets +€39,710
up €39,710 (+24.7%), from €161,083 to €200,793
of which Land and buildings: +€51,975
- Stocks and contracts -€4,037
down €4,037 (-42.8%), from €9,431 to €5,394
- Cash +€2,783
up €2,783 (+243.4%), from €1,143 to €3,926
mainly Trade debts (+€74,108) and Receivables within one year (+€41,158)
- Profit (loss) carried forward -€95,643
down €95,643 (-38.4%), from -€249,128 to -€344,772
- Trade debts +€74,108
up €74,108 (+74.0%), from €100,185 to €174,294
- Other debts +€40,000
up €40,000 (+25.0%), from €160,000 to €200,000
- Debts after one year -€35,082
down €35,082 (-34.8%), from €100,829 to €65,747
- Accrued charges and deferred income +€6,000
new in 2024: €6,000
- Staff costs -€18,828
down €18,828 (-13.7%), from €137,747 to €118,920
- Depreciation +€12,018
up €12,018 (+42.5%), from €28,277 to €40,296
- Gross operating margin +€1,491
up €1,491 (+2.3%), from €65,649 to €67,140
- Financial charges -€831
down €831 (-16.3%), from €5,107 to €4,275
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,506 | €242,563 | -€4,943 | -2.0% |
| Fixed assets | 21/28 | €167,100 | €204,892 | +€37,792 | +22.6% |
| Intangible fixed assets | 21 | €6,017 | €4,100 | -€1,918 | -31.9% |
| Tangible fixed assets | 22/27 | €161,083 | €200,793 | +€39,710 | +24.7% |
| Land and buildings | 22 | - | €51,975 | +€51,975 | |
| Plant, machinery and equipment | 23 | €40,815 | €40,061 | -€754 | -1.8% |
| Furniture and vehicles | 24 | €10,529 | €12,554 | +€2,025 | +19.2% |
| Other tangible fixed assets | 26 | €109,739 | €96,203 | -€13,536 | -12.3% |
| Current assets | 29/58 | €80,406 | €37,671 | -€42,735 | -53.1% |
| Stocks and contracts in progress | 3 | €9,431 | €5,394 | -€4,037 | -42.8% |
| Stocks | 30/36 | €9,431 | €5,394 | -€4,037 | -42.8% |
| Amounts receivable within one year | 40/41 | €64,300 | €23,142 | -€41,158 | -64.0% |
| Trade receivables | 40 | €691 | €11,444 | +€10,753 | +1556.3% |
| Other amounts receivable | 41 | €63,609 | €11,698 | -€51,911 | -81.6% |
| Cash at bank and in hand | 54/58 | €1,143 | €3,926 | +€2,783 | +243.4% |
| Deferred charges and accrued income | 490/1 | €5,531 | €5,209 | -€323 | -5.8% |
| Total equity and liabilities | 10/49 | €247,506 | €242,563 | -€4,943 | -2.0% |
| Equity | 10/15 | -€174,128 | -€269,772 | -€95,643 | -54.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€249,128 | -€344,772 | -€95,643 | -38.4% |
| Amounts payable | 17/49 | €421,634 | €512,334 | +€90,700 | +21.5% |
| Amounts payable after more than one year | 17 | €100,829 | €65,747 | -€35,082 | -34.8% |
| Financial debts | 170/4 | €100,829 | €65,747 | -€35,082 | -34.8% |
| Amounts payable within one year | 42/48 | €320,805 | €440,588 | +€119,783 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €34,542 | €37,981 | +€3,439 | +10.0% |
| Financial debts | 43 | €1,300 | €2,471 | +€1,172 | +90.1% |
| Credit institutions | 430/8 | €1,300 | €2,471 | +€1,172 | +90.1% |
| Trade debts | 44 | €100,185 | €174,294 | +€74,108 | +74.0% |
| Suppliers | 440/4 | €100,185 | €174,294 | +€74,108 | +74.0% |
| Advances received on contracts in progress | 46 | €2,580 | €3,507 | +€927 | +35.9% |
| Taxes, remuneration and social security | 45 | €22,197 | €22,334 | +€137 | +0.6% |
| Taxes | 450/3 | €6,263 | €9,147 | +€2,884 | +46.0% |
| Remuneration and social security | 454/9 | €15,935 | €13,188 | -€2,747 | -17.2% |
| Other amounts payable | 47/48 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €137,747 | €118,920 | -€18,828 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,277 | €40,296 | +€12,018 | +42.5% |
| Other operating charges | 640/8 | €1,186 | €1,368 | +€182 | +15.4% |
| Gross operating margin | 9900 | €65,649 | €67,140 | +€1,491 | +2.3% |
| Operating profit (loss) | 9901 | -€101,562 | -€93,443 | +€8,119 | +8.0% |
| Financial income | 75/76B | €2,951 | €2,435 | -€516 | -17.5% |
| Recurring financial income | 75 | €2,951 | €2,435 | -€516 | -17.5% |
| Financial charges | 65/66B | €5,107 | €4,275 | -€831 | -16.3% |
| Recurring financial charges | 65 | €5,107 | €4,275 | -€831 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€103,718 | -€95,284 | +€8,434 | +8.1% |
| Income taxes | 67/77 | €382 | €360 | -€22 | -5.8% |
| Profit (loss) for the period | 9904 | -€104,100 | -€95,643 | +€8,456 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,100 | -€95,643 | +€8,456 | +8.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.