GIFTS4U: 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.
GIFTS4U
Largest movements
- Receivables within one year -€23,675
down €23,675 (-47.0%), from €50,414 to €26,738
of which Trade receivables: -€23,224
- Cash +€22,423
up €22,423 (+31.5%), from €71,257 to €93,680
mainly Receivables within one year (+€23,675) and Trade debts (+€7,266)
- Tangible fixed assets -€2,235
down €2,235 (-43.7%), from €5,116 to €2,880
of which Land and buildings: -€1,436
- Other debts -€12,551
down €12,551 (-29.5%), from €42,582 to €30,031
- Trade debts +€7,266
up €7,266 (+148%), from €4,924 to €12,190
- Advances received +€4,950
new in 2025: €4,950
- Tax, wage and social debts -€3,804
down €3,804 (-10.5%), from €36,230 to €32,426
of which Taxes: -€11,844
- Gross operating margin -€50,225
down €50,225 (-90.8%), from €55,326 to €5,101
- Taxes -€9,970
down €9,970 (-86.8%), from €11,481 to €1,512
- Financial income -€605
down €605 (-96.1%), from €630 to €25
- Financial charges -€588
down €588 (-62.7%), from €937 to €350
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 | €126,786 | €123,298 | -€3,488 | -2.8% |
| Fixed assets | 21/28 | €5,116 | €2,880 | -€2,235 | -43.7% |
| Tangible fixed assets | 22/27 | €5,116 | €2,880 | -€2,235 | -43.7% |
| Land and buildings | 22 | €4,309 | €2,872 | -€1,436 | -33.3% |
| Furniture and vehicles | 24 | €807 | €8 | -€799 | -99.0% |
| Current assets | 29/58 | €121,671 | €120,418 | -€1,253 | -1.0% |
| Amounts receivable within one year | 40/41 | €50,414 | €26,738 | -€23,675 | -47.0% |
| Trade receivables | 40 | €49,963 | €26,738 | -€23,224 | -46.5% |
| Other amounts receivable | 41 | €451 | €0 | -€451 | -100% |
| Cash at bank and in hand | 54/58 | €71,257 | €93,680 | +€22,423 | +31.5% |
| Total equity and liabilities | 10/49 | €126,786 | €123,298 | -€3,488 | -2.8% |
| Equity | 10/15 | €43,050 | €43,701 | +€651 | +1.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €42,050 | €42,701 | +€651 | +1.5% |
| Distributable reserves | 133 | €42,050 | €42,701 | +€651 | +1.5% |
| Amounts payable | 17/49 | €83,736 | €79,597 | -€4,138 | -4.9% |
| Amounts payable within one year | 42/48 | €83,736 | €79,597 | -€4,138 | -4.9% |
| Trade debts | 44 | €4,924 | €12,190 | +€7,266 | +148% |
| Suppliers | 440/4 | €4,924 | €12,190 | +€7,266 | +148% |
| Advances received on contracts in progress | 46 | - | €4,950 | +€4,950 | |
| Taxes, remuneration and social security | 45 | €36,230 | €32,426 | -€3,804 | -10.5% |
| Taxes | 450/3 | €36,230 | €24,386 | -€11,844 | -32.7% |
| Remuneration and social security | 454/9 | - | €8,040 | +€8,040 | |
| Other amounts payable | 47/48 | €42,582 | €30,031 | -€12,551 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €2,235 | -€0 | 0.0% |
| Other operating charges | 640/8 | €371 | €379 | +€8 | +2.2% |
| Gross operating margin | 9900 | €55,326 | €5,101 | -€50,225 | -90.8% |
| Operating profit (loss) | 9901 | €52,719 | €2,487 | -€50,232 | -95.3% |
| Financial income | 75/76B | €630 | €25 | -€605 | -96.1% |
| Recurring financial income | 75 | €630 | €25 | -€605 | -96.1% |
| Financial charges | 65/66B | €937 | €350 | -€588 | -62.7% |
| Recurring financial charges | 65 | €937 | €350 | -€588 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €52,412 | €2,162 | -€50,250 | -95.9% |
| Income taxes | 67/77 | €11,481 | €1,512 | -€9,970 | -86.8% |
| Profit (loss) for the period | 9904 | €40,930 | €651 | -€40,280 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,930 | €651 | -€40,280 | -98.4% |
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 17 October 2026 via checked.be.