GIGAMAC: 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.
GIGAMAC
Largest movements
- Receivables within one year +€205,705
up €205,705 (+43.1%), from €477,645 to €683,350
of which Trade receivables: +€196,665
- Cash -€55,218
down €55,218 (-31.5%), from €175,486 to €120,268
mainly Receivables within one year (-€205,705) and Debts after one year (-€56,366)
- Tangible fixed assets -€38,068
down €38,068 (-8.1%), from €470,150 to €432,082
of which Leasing and similar rights: -€24,572
- Trade debts +€81,213
up €81,213 (+20.1%), from €403,322 to €484,534
- Debts after one year -€56,366
down €56,366 (-10.5%), from €535,078 to €478,712
of which Financial debts: -€56,366
- Reserves +€45,000
up €45,000 (+120%), from €37,548 to €82,548
of which Distributable reserves: +€45,000
- Profit (loss) carried forward +€24,046
up €24,046 (+70.2%), from €34,232 to €58,278
- Tax, wage and social debts +€19,212
up €19,212 (+95.0%), from €20,216 to €39,428
of which Remuneration and social security: +€17,746
- Gross operating margin +€155,752
up €155,752 (+58.6%), from €265,640 to €421,392
- Staff costs +€85,862
up €85,862 (+48.4%), from €177,410 to €263,272
- Taxes +€14,654
up €14,654 (+6,101%), from €240 to €14,894
- Write-downs -€9,083
down €9,083, from €0 to -€9,083
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 | €1,129,924 | €1,246,431 | +€116,507 | +10.3% |
| Fixed assets | 21/28 | €473,234 | €435,167 | -€38,068 | -8.0% |
| Tangible fixed assets | 22/27 | €470,150 | €432,082 | -€38,068 | -8.1% |
| Land and buildings | 22 | €256,277 | €242,768 | -€13,508 | -5.3% |
| Plant, machinery and equipment | 23 | €41,018 | €34,601 | -€6,417 | -15.6% |
| Furniture and vehicles | 24 | €52,193 | €59,373 | +€7,180 | +13.8% |
| Leasing and similar rights | 25 | €119,162 | €94,591 | -€24,572 | -20.6% |
| Other tangible fixed assets | 26 | €1,500 | €750 | -€750 | -50.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €3,084 | €3,084 | = | 0.0% |
| Current assets | 29/58 | €656,690 | €811,264 | +€154,574 | +23.5% |
| Amounts receivable within one year | 40/41 | €477,645 | €683,350 | +€205,705 | +43.1% |
| Trade receivables | 40 | €392,683 | €589,348 | +€196,665 | +50.1% |
| Other amounts receivable | 41 | €84,962 | €94,002 | +€9,040 | +10.6% |
| Cash at bank and in hand | 54/58 | €175,486 | €120,268 | -€55,218 | -31.5% |
| Deferred charges and accrued income | 490/1 | €3,559 | €7,646 | +€4,087 | +115% |
| Total equity and liabilities | 10/49 | €1,129,924 | €1,246,431 | +€116,507 | +10.3% |
| Equity | 10/15 | €77,980 | €147,026 | +€69,046 | +88.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,548 | €82,548 | +€45,000 | +120% |
| Non-distributable reserves | 130/1 | €2,908 | €2,908 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,908 | €2,908 | = | 0.0% |
| Distributable reserves | 133 | €34,640 | €79,640 | +€45,000 | +130% |
| Profit (loss) carried forward | 14 | €34,232 | €58,278 | +€24,046 | +70.2% |
| Amounts payable | 17/49 | €1,051,944 | €1,099,405 | +€47,460 | +4.5% |
| Amounts payable after more than one year | 17 | €535,078 | €478,712 | -€56,366 | -10.5% |
| Financial debts | 170/4 | €532,678 | €476,312 | -€56,366 | -10.6% |
| Other amounts payable | 178/9 | €2,400 | €2,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €516,866 | €620,693 | +€103,826 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €71,129 | €78,991 | +€7,862 | +11.1% |
| Trade debts | 44 | €403,322 | €484,534 | +€81,213 | +20.1% |
| Suppliers | 440/4 | €403,322 | €484,534 | +€81,213 | +20.1% |
| Taxes, remuneration and social security | 45 | €20,216 | €39,428 | +€19,212 | +95.0% |
| Taxes | 450/3 | €2,102 | €3,568 | +€1,466 | +69.7% |
| Remuneration and social security | 454/9 | €18,114 | €35,860 | +€17,746 | +98.0% |
| Other amounts payable | 47/48 | €22,199 | €17,739 | -€4,460 | -20.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €177,410 | €263,272 | +€85,862 | +48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,084 | €58,357 | -€2,727 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€9,083 | -€9,083 | |
| Other operating charges | 640/8 | €1,151 | €1,101 | -€49 | -4.3% |
| Gross operating margin | 9900 | €265,640 | €421,392 | +€155,752 | +58.6% |
| Operating profit (loss) | 9901 | €25,995 | €107,745 | +€81,750 | +314% |
| Financial income | 75/76B | €1,531 | €1,357 | -€174 | -11.3% |
| Recurring financial income | 75 | €1,531 | €1,357 | -€174 | -11.3% |
| Financial charges | 65/66B | €29,125 | €25,161 | -€3,964 | -13.6% |
| Recurring financial charges | 65 | €29,125 | €25,161 | -€3,964 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,599 | €83,941 | +€85,540 | |
| Income taxes | 67/77 | €240 | €14,894 | +€14,654 | +6,101% |
| Profit (loss) for the period | 9904 | -€1,839 | €69,046 | +€70,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,839 | €69,046 | +€70,885 |
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 14 October 2026 via checked.be.