GIGAGRE: 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.
GIGAGRE
Largest movements
- Cash -€96,324
down €96,324 (-96.6%), from €99,701 to €3,377
mainly Receivables within one year (-€82,059) and Debts after one year (-€67,910)
- Receivables within one year +€82,059
up €82,059 (+109%), from €75,020 to €157,079
of which Trade receivables: +€82,006
- Current investments +€38,500
new in 2025: €38,500
- Intangible fixed assets +€17,874
new in 2025: €17,874
- Tangible fixed assets -€14,694
down €14,694 (-3.3%), from €449,054 to €434,361
of which Land and buildings: -€13,923
- Debts after one year -€67,910
down €67,910 (-41.0%), from €165,817 to €97,907
- Other debts +€44,313
up €44,313 (+31.3%), from €141,528 to €185,841
- Tax, wage and social debts +€35,213
up €35,213 (+131%), from €26,832 to €62,045
of which Remuneration and social security: +€43,603
- Reserves +€28,114
up €28,114 (+30.3%), from €92,833 to €120,946
- Current portion of long-term debt -€11,019
down €11,019 (-6.3%), from €174,131 to €163,112
- Financial charges -€4,374
down €4,374 (-8.6%), from €51,032 to €46,658
- Gross operating margin +€2,254
up €2,254 (+2.2%), from €102,077 to €104,330
- Depreciation +€2,126
up €2,126 (+14.5%), from €14,694 to €16,820
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 | €624,425 | €651,858 | +€27,433 | +4.4% |
| Fixed assets | 21/28 | €449,150 | €452,331 | +€3,180 | +0.7% |
| Intangible fixed assets | 21 | - | €17,874 | +€17,874 | |
| Tangible fixed assets | 22/27 | €449,054 | €434,361 | -€14,694 | -3.3% |
| Land and buildings | 22 | €443,985 | €430,062 | -€13,923 | -3.1% |
| Plant, machinery and equipment | 23 | €5,069 | €4,299 | -€770 | -15.2% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €175,274 | €199,527 | +€24,253 | +13.8% |
| Amounts receivable within one year | 40/41 | €75,020 | €157,079 | +€82,059 | +109% |
| Trade receivables | 40 | €75,020 | €157,026 | +€82,006 | +109% |
| Other amounts receivable | 41 | - | €53 | +€53 | |
| Current investments | 50/53 | - | €38,500 | +€38,500 | |
| Cash at bank and in hand | 54/58 | €99,701 | €3,377 | -€96,324 | -96.6% |
| Deferred charges and accrued income | 490/1 | €554 | €571 | +€18 | +3.2% |
| Total equity and liabilities | 10/49 | €624,425 | €651,858 | +€27,433 | +4.4% |
| Equity | 10/15 | €105,233 | €133,346 | +€28,114 | +26.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €92,833 | €120,946 | +€28,114 | +30.3% |
| Distributable reserves | 133 | €92,833 | €120,946 | +€28,114 | +30.3% |
| Amounts payable | 17/49 | €519,192 | €518,512 | -€680 | -0.1% |
| Amounts payable after more than one year | 17 | €165,817 | €97,907 | -€67,910 | -41.0% |
| Financial debts | 170/4 | €165,817 | €97,907 | -€67,910 | -41.0% |
| Amounts payable within one year | 42/48 | €353,375 | €420,604 | +€67,229 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €174,131 | €163,112 | -€11,019 | -6.3% |
| Trade debts | 44 | €10,884 | €9,606 | -€1,278 | -11.7% |
| Suppliers | 440/4 | €10,884 | €9,606 | -€1,278 | -11.7% |
| Taxes, remuneration and social security | 45 | €26,832 | €62,045 | +€35,213 | +131% |
| Taxes | 450/3 | €26,832 | €18,442 | -€8,390 | -31.3% |
| Remuneration and social security | 454/9 | - | €43,603 | +€43,603 | |
| Other amounts payable | 47/48 | €141,528 | €185,841 | +€44,313 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,694 | €16,820 | +€2,126 | +14.5% |
| Other operating charges | 640/8 | €1,889 | €2,753 | +€864 | +45.7% |
| Gross operating margin | 9900 | €102,077 | €104,330 | +€2,254 | +2.2% |
| Operating profit (loss) | 9901 | €85,494 | €84,758 | -€736 | -0.9% |
| Financial income | 75/76B | €1,265 | €853 | -€412 | -32.6% |
| Recurring financial income | 75 | €1,265 | €853 | -€412 | -32.6% |
| Financial charges | 65/66B | €51,032 | €46,658 | -€4,374 | -8.6% |
| Recurring financial charges | 65 | €51,032 | €46,658 | -€4,374 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €35,727 | €38,953 | +€3,226 | +9.0% |
| Income taxes | 67/77 | €9,857 | €10,839 | +€983 | +10.0% |
| Profit (loss) for the period | 9904 | €25,870 | €28,114 | +€2,243 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,870 | €28,114 | +€2,243 | +8.7% |
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 16 October 2026 via checked.be.