GIGA SUN: 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.
GIGA SUN
Largest movements
- Tangible fixed assets +€760,742
up €760,742 (+664%), from €114,612 to €875,354
of which Land and buildings: +€605,447
- Receivables within one year +€328,478
up €328,478 (+217%), from €151,614 to €480,091
of which Trade receivables: +€330,608
- Receivables after one year -€88,000
down €88,000 (-48.1%), from €183,000 to €95,000
- Cash -€66,472
down €66,472 (-80.2%), from €82,836 to €16,364
mainly Investment in fixed assets (net) (-€814,886) and Receivables within one year (-€328,478)
- Debts after one year +€340,787
up €340,787 (+353%), from €96,543 to €437,330
- Trade debts +€339,655
up €339,655 (+311%), from €109,209 to €448,864
- Reserves +€100,000
up €100,000 (+161%), from €62,000 to €162,000
- Other debts +€74,613
up €74,613 (+96.3%), from €77,500 to €152,113
- Tax, wage and social debts +€60,565
up €60,565 (+129%), from €47,014 to €107,579
of which Taxes: +€59,959
- Gross operating margin +€194,421
up €194,421 (+105%), from €184,510 to €378,931
- Depreciation +€31,481
up €31,481 (+139%), from €22,627 to €54,108
- Taxes +€23,101
up €23,101 (+80.2%), from €28,804 to €51,904
- Write-downs +€16,846
new in 2025: €16,846
- Staff costs +€7,018
new in 2025: €7,018
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 | €532,629 | €1,466,845 | +€934,216 | +175% |
| Fixed assets | 21/28 | €114,612 | €875,390 | +€760,778 | +664% |
| Tangible fixed assets | 22/27 | €114,612 | €875,354 | +€760,742 | +664% |
| Land and buildings | 22 | - | €605,447 | +€605,447 | |
| Plant, machinery and equipment | 23 | €21,638 | €75,780 | +€54,142 | +250% |
| Furniture and vehicles | 24 | €72,527 | €55,663 | -€16,864 | -23.3% |
| Other tangible fixed assets | 26 | €20,446 | €138,464 | +€118,017 | +577% |
| Financial fixed assets | 28 | - | €36 | +€36 | |
| Current assets | 29/58 | €418,017 | €591,455 | +€173,438 | +41.5% |
| Amounts receivable after more than one year | 29 | €183,000 | €95,000 | -€88,000 | -48.1% |
| Other amounts receivable | 291 | €183,000 | €95,000 | -€88,000 | -48.1% |
| Amounts receivable within one year | 40/41 | €151,614 | €480,091 | +€328,478 | +217% |
| Trade receivables | 40 | €148,420 | €479,028 | +€330,608 | +223% |
| Other amounts receivable | 41 | €3,194 | €1,063 | -€2,131 | -66.7% |
| Cash at bank and in hand | 54/58 | €82,836 | €16,364 | -€66,472 | -80.2% |
| Deferred charges and accrued income | 490/1 | €567 | - | -€567 | |
| Total equity and liabilities | 10/49 | €532,629 | €1,466,845 | +€934,216 | +175% |
| Equity | 10/15 | €137,813 | €267,654 | +€129,841 | +94.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €62,000 | €162,000 | +€100,000 | +161% |
| Distributable reserves | 133 | €62,000 | €162,000 | +€100,000 | +161% |
| Profit (loss) carried forward | 14 | €63,313 | €93,154 | +€29,841 | +47.1% |
| Amounts payable | 17/49 | €394,816 | €1,199,191 | +€804,375 | +204% |
| Amounts payable after more than one year | 17 | €96,543 | €437,330 | +€340,787 | +353% |
| Financial debts | 170/4 | €96,543 | €437,330 | +€340,787 | +353% |
| Amounts payable within one year | 42/48 | €298,273 | €761,861 | +€463,588 | +155% |
| Financial debts | 43 | €35,550 | €48,306 | +€12,756 | +35.9% |
| Credit institutions | 430/8 | €35,550 | €48,306 | +€12,756 | +35.9% |
| Trade debts | 44 | €109,209 | €448,864 | +€339,655 | +311% |
| Suppliers | 440/4 | €109,209 | €448,864 | +€339,655 | +311% |
| Advances received on contracts in progress | 46 | €29,000 | €5,000 | -€24,000 | -82.8% |
| Taxes, remuneration and social security | 45 | €47,014 | €107,579 | +€60,565 | +129% |
| Taxes | 450/3 | €47,014 | €106,973 | +€59,959 | +128% |
| Remuneration and social security | 454/9 | - | €606 | +€606 | |
| Other amounts payable | 47/48 | €77,500 | €152,113 | +€74,613 | +96.3% |
| Remuneration, social security and pensions | 62 | - | €7,018 | +€7,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,627 | €54,108 | +€31,481 | +139% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,846 | +€16,846 | |
| Other operating charges | 640/8 | €11,879 | €6,159 | -€5,720 | -48.2% |
| Gross operating margin | 9900 | €184,510 | €378,931 | +€194,421 | +105% |
| Operating profit (loss) | 9901 | €150,004 | €294,800 | +€144,795 | +96.5% |
| Financial income | 75/76B | €2,255 | €2,002 | -€253 | -11.2% |
| Recurring financial income | 75 | €2,255 | €2,002 | -€253 | -11.2% |
| Financial charges | 65/66B | €8,160 | €15,056 | +€6,896 | +84.5% |
| Recurring financial charges | 65 | €8,160 | €15,056 | +€6,896 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €144,100 | €281,745 | +€137,646 | +95.5% |
| Income taxes | 67/77 | €28,804 | €51,904 | +€23,101 | +80.2% |
| Profit (loss) for the period | 9904 | €115,296 | €229,841 | +€114,545 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,296 | €229,841 | +€114,545 | +99.3% |
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 20 October 2026 via checked.be.