GIER & LAND: 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.
GIER & LAND
Largest movements
- Cash -€822,589
down €822,589 (-95.3%), from €863,571 to €40,982
mainly Trade debts (-€943,798) and Tax, wage and social debts (-€94,577)
- Receivables within one year -€112,833
down €112,833 (-52.6%), from €214,528 to €101,695
of which Trade receivables: -€117,101
- Stocks and contracts -€88,474
down €88,474 (-11.1%), from €796,514 to €708,040
- Trade debts -€943,798
down €943,798 (-70.4%), from €1.3m to €396,323
- Reserves +€104,356
new in 2025: €104,356
- Profit (loss) carried forward -€99,877
down €99,877 (-95.7%), from €104,356 to €4,479
- Tax, wage and social debts -€94,577
down €94,577 (-46.8%), from €202,136 to €107,559
- Gross operating margin -€446,511
down €446,511 (-94.9%), from €470,494 to €23,983
- Taxes -€104,017
down €104,017 (-98.3%), from €105,788 to €1,771
- Financial charges -€20,171
down €20,171 (-55.5%), from €36,346 to €16,175
- Other operating charges -€9,540
down €9,540 (-85.3%), from €11,187 to €1,647
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 | €1,874,613 | €850,718 | -€1.0m | -54.6% |
| Current assets | 29/58 | €1,874,613 | €850,718 | -€1.0m | -54.6% |
| Stocks and contracts in progress | 3 | €796,514 | €708,040 | -€88,474 | -11.1% |
| Stocks | 30/36 | €796,514 | €708,040 | -€88,474 | -11.1% |
| Amounts receivable within one year | 40/41 | €214,528 | €101,695 | -€112,833 | -52.6% |
| Trade receivables | 40 | €214,528 | €97,427 | -€117,101 | -54.6% |
| Other amounts receivable | 41 | - | €4,268 | +€4,268 | |
| Cash at bank and in hand | 54/58 | €863,571 | €40,982 | -€822,589 | -95.3% |
| Total equity and liabilities | 10/49 | €1,874,613 | €850,718 | -€1.0m | -54.6% |
| Equity | 10/15 | €112,356 | €116,836 | +€4,479 | +4.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €104,356 | +€104,356 | |
| Distributable reserves | 133 | - | €104,356 | +€104,356 | |
| Profit (loss) carried forward | 14 | €104,356 | €4,479 | -€99,877 | -95.7% |
| Amounts payable | 17/49 | €1,762,257 | €733,882 | -€1.0m | -58.4% |
| Amounts payable within one year | 42/48 | €1,762,257 | €733,882 | -€1.0m | -58.4% |
| Trade debts | 44 | €1,340,121 | €396,323 | -€943,798 | -70.4% |
| Suppliers | 440/4 | €1,340,121 | €396,323 | -€943,798 | -70.4% |
| Taxes, remuneration and social security | 45 | €202,136 | €107,559 | -€94,577 | -46.8% |
| Taxes | 450/3 | €202,136 | €107,559 | -€94,577 | -46.8% |
| Other amounts payable | 47/48 | €220,000 | €230,000 | +€10,000 | +4.5% |
| Other operating charges | 640/8 | €11,187 | €1,647 | -€9,540 | -85.3% |
| Gross operating margin | 9900 | €470,494 | €23,983 | -€446,511 | -94.9% |
| Operating profit (loss) | 9901 | €459,307 | €22,335 | -€436,972 | -95.1% |
| Financial income | 75/76B | €0 | €90 | +€90 | |
| Recurring financial income | 75 | €0 | €90 | +€90 | |
| Financial charges | 65/66B | €36,346 | €16,175 | -€20,171 | -55.5% |
| Recurring financial charges | 65 | €36,346 | €16,175 | -€20,171 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €422,961 | €6,251 | -€416,710 | -98.5% |
| Income taxes | 67/77 | €105,788 | €1,771 | -€104,017 | -98.3% |
| Profit (loss) for the period | 9904 | €317,173 | €4,479 | -€312,693 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €317,173 | €4,479 | -€312,693 | -98.6% |
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 23 October 2026 via checked.be.