GIES: 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.
GIES
Largest movements
- Tangible fixed assets -€8,730
down €8,730 (-29.5%), from €29,632 to €20,903
- Receivables within one year +€4,280
up €4,280 (+21410.8%), from €20 to €4,300
- Stocks and contracts +€809
up €809 (+14.8%), from €5,464 to €6,273
- Profit (loss) carried forward -€12,755
down €12,755 (-4.4%), from -€290,469 to -€303,224
- Other debts +€9,646
up €9,646 (+17.3%), from €55,700 to €65,346
- Trade debts -€387
down €387 (-28.9%), from €1,341 to €953
- Gross operating margin +€10,546
up €10,546 (+72.7%), from -€14,505 to -€3,959
- Financial income +€167
up €167 (+48.6%), from €343 to €510
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 | €37,360 | €33,618 | -€3,742 | -10.0% |
| Fixed assets | 21/28 | €29,632 | €20,903 | -€8,730 | -29.5% |
| Tangible fixed assets | 22/27 | €29,632 | €20,903 | -€8,730 | -29.5% |
| Furniture and vehicles | 24 | €29,632 | €20,903 | -€8,730 | -29.5% |
| Current assets | 29/58 | €7,728 | €12,715 | +€4,987 | +64.5% |
| Stocks and contracts in progress | 3 | €5,464 | €6,273 | +€809 | +14.8% |
| Stocks | 30/36 | €5,464 | €6,273 | +€809 | +14.8% |
| Amounts receivable within one year | 40/41 | €20 | €4,300 | +€4,280 | +21410.8% |
| Trade receivables | 40 | €20 | €4,300 | +€4,280 | +21410.8% |
| Cash at bank and in hand | 54/58 | €2,244 | €2,142 | -€102 | -4.5% |
| Total equity and liabilities | 10/49 | €37,360 | €33,618 | -€3,742 | -10.0% |
| Equity | 10/15 | -€20,374 | -€33,129 | -€12,755 | -62.6% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €94 | €94 | = | 0.0% |
| Non-distributable reserves | 130/1 | €94 | €94 | = | 0.0% |
| Reserves not available under the articles | 1311 | €94 | €94 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,469 | -€303,224 | -€12,755 | -4.4% |
| Amounts payable | 17/49 | €57,735 | €66,747 | +€9,013 | +15.6% |
| Amounts payable within one year | 42/48 | €57,041 | €66,299 | +€9,258 | +16.2% |
| Trade debts | 44 | €1,341 | €953 | -€387 | -28.9% |
| Suppliers | 440/4 | €1,341 | €953 | -€387 | -28.9% |
| Other amounts payable | 47/48 | €55,700 | €65,346 | +€9,646 | +17.3% |
| Accrued charges and deferred income | 492/3 | €694 | €448 | -€246 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,730 | €8,730 | = | 0.0% |
| Other operating charges | 640/8 | €519 | €467 | -€53 | -10.1% |
| Gross operating margin | 9900 | -€14,505 | -€3,959 | +€10,546 | +72.7% |
| Operating profit (loss) | 9901 | -€23,754 | -€13,155 | +€10,599 | +44.6% |
| Financial income | 75/76B | €343 | €510 | +€167 | +48.6% |
| Recurring financial income | 75 | €343 | €510 | +€167 | +48.6% |
| Financial charges | 65/66B | €125 | €109 | -€16 | -12.6% |
| Recurring financial charges | 65 | €125 | €109 | -€16 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,536 | -€12,755 | +€10,781 | +45.8% |
| Profit (loss) for the period | 9904 | -€23,536 | -€12,755 | +€10,781 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,536 | -€12,755 | +€10,781 | +45.8% |
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 3 October 2026 via checked.be.