GIGA BUILDING: 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.
GIGA BUILDING
Largest movements
- Cash +€908,646
up €908,646 (+1385.6%), from €65,580 to €974,226
- Tangible fixed assets -€122,763
down €122,763 (-18.6%), from €661,651 to €538,888
- Receivables within one year -€38,082
down €38,082 (-100.0%), from €38,082 to €0
- Reserves +€754,012
up €754,012 (+430.6%), from €175,100 to €929,112
of which Tax-exempt reserves: +€554,162
- Profit (loss) carried forward -€211,813
down €211,813 (-88.6%), from €239,004 to €27,191
- Provisions +€184,721
new in 2025: €184,721
- Debts after one year +€25,000
up €25,000 (+11.0%), from €227,500 to €252,500
- Gross operating margin +€780,346
up €780,346 (+1061.7%), from €73,501 to €853,846
- Depreciation +€44,841
up €44,841 (+100.3%), from €44,701 to €89,542
- Financial charges +€11,241
up €11,241 (+78.6%), from €14,294 to €25,535
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €765,313 | €1,513,230 | +€747,918 | +97.7% |
| Fixed assets | 21/28 | €661,651 | €538,888 | -€122,763 | -18.6% |
| Tangible fixed assets | 22/27 | €661,651 | €538,888 | -€122,763 | -18.6% |
| Land and buildings | 22 | €661,651 | €538,888 | -€122,763 | -18.6% |
| Current assets | 29/58 | €103,662 | €974,343 | +€870,681 | +839.9% |
| Amounts receivable within one year | 40/41 | €38,082 | €0 | -€38,082 | -100.0% |
| Other amounts receivable | 41 | €38,082 | €0 | -€38,082 | -100.0% |
| Cash at bank and in hand | 54/58 | €65,580 | €974,226 | +€908,646 | +1385.6% |
| Deferred charges and accrued income | 490/1 | - | €116 | +€116 | |
| Total equity and liabilities | 10/49 | €765,313 | €1,513,230 | +€747,918 | +97.7% |
| Equity | 10/15 | €504,104 | €1,046,302 | +€542,198 | +107.6% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €175,100 | €929,112 | +€754,012 | +430.6% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €115,950 | €670,112 | +€554,162 | +477.9% |
| Distributable reserves | 133 | €50,150 | €250,000 | +€199,850 | +398.5% |
| Profit (loss) carried forward | 14 | €239,004 | €27,191 | -€211,813 | -88.6% |
| Provisions and deferred taxes | 16 | - | €184,721 | +€184,721 | |
| Deferred taxes | 168 | - | €184,721 | +€184,721 | |
| Amounts payable | 17/49 | €261,209 | €282,207 | +€20,999 | +8.0% |
| Amounts payable after more than one year | 17 | €227,500 | €252,500 | +€25,000 | +11.0% |
| Financial debts | 170/4 | €227,500 | €252,500 | +€25,000 | +11.0% |
| Amounts payable within one year | 42/48 | €33,709 | €29,707 | -€4,001 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €27,500 | -€2,500 | -8.3% |
| Trade debts | 44 | €3,709 | €2,207 | -€1,501 | -40.5% |
| Suppliers | 440/4 | €3,709 | €2,207 | -€1,501 | -40.5% |
| Non-recurring operating income | 76A | - | €738,882 | +€738,882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,701 | €89,542 | +€44,841 | +100.3% |
| Other operating charges | 640/8 | €6,467 | €11,851 | +€5,384 | +83.2% |
| Gross operating margin | 9900 | €73,501 | €853,846 | +€780,346 | +1061.7% |
| Operating profit (loss) | 9901 | €22,332 | €752,453 | +€730,121 | +3269.4% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100.0% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100.0% |
| Financial charges | 65/66B | €14,294 | €25,535 | +€11,241 | +78.6% |
| Recurring financial charges | 65 | €14,294 | €25,535 | +€11,241 | +78.6% |
| Profit (loss) for the period before taxes | 9903 | €8,045 | €726,919 | +€718,874 | +8935.9% |
| Transfer to deferred taxes | 680 | - | €184,721 | +€184,721 | |
| Income taxes | 67/77 | €33 | €0 | -€33 | -100.0% |
| Profit (loss) for the period | 9904 | €8,011 | €542,198 | +€534,187 | +6667.8% |
| Transfer to tax-exempt reserves | 689 | - | €554,162 | +€554,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,011 | -€11,963 | -€19,975 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.