GIGANT: 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.
GIGANT
Largest movements
- Receivables within one year +€530,815
up €530,815 (+713%), from €74,432 to €605,247
of which Other amounts receivable: +€557,416
- Cash +€75,847
up €75,847 (+11.4%), from €666,051 to €741,897
mainly Net result for the year (+€592,707) and Tax, wage and social debts (+€132,615)
- Profit (loss) carried forward +€452,707
up €452,707 (+75.6%), from €599,091 to €1.1m
- Tax, wage and social debts +€132,615
up €132,615 (+68.3%), from €194,196 to €326,811
of which Taxes: +€127,611
- Taxes +€124,293
up €124,293 (+115%), from €108,454 to €232,746
- Gross operating margin +€93,781
up €93,781 (+11.2%), from €841,007 to €934,788
- Staff costs -€26,122
down €26,122 (-22.8%), from €114,603 to €88,480
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €859,332 | €1,453,709 | +€594,377 | +69.2% |
| Fixed assets | 21/28 | €61,902 | €59,531 | -€2,371 | -3.8% |
| Tangible fixed assets | 22/27 | €61,902 | €59,531 | -€2,371 | -3.8% |
| Plant, machinery and equipment | 23 | €52,708 | €56,082 | +€3,373 | +6.4% |
| Furniture and vehicles | 24 | €9,194 | €3,450 | -€5,744 | -62.5% |
| Current assets | 29/58 | €797,430 | €1,394,178 | +€596,748 | +74.8% |
| Amounts receivable within one year | 40/41 | €74,432 | €605,247 | +€530,815 | +713% |
| Trade receivables | 40 | €50,090 | €23,489 | -€26,601 | -53.1% |
| Other amounts receivable | 41 | €24,342 | €581,758 | +€557,416 | +2,290% |
| Current investments | 50/53 | €50,100 | €40,099 | -€10,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €666,051 | €741,897 | +€75,847 | +11.4% |
| Deferred charges and accrued income | 490/1 | €6,848 | €6,934 | +€86 | +1.3% |
| Total equity and liabilities | 10/49 | €859,332 | €1,453,709 | +€594,377 | +69.2% |
| Equity | 10/15 | €619,542 | €1,072,249 | +€452,707 | +73.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €599,091 | €1,051,798 | +€452,707 | +75.6% |
| Amounts payable | 17/49 | €239,790 | €381,460 | +€141,671 | +59.1% |
| Amounts payable within one year | 42/48 | €239,790 | €381,460 | +€141,671 | +59.1% |
| Financial debts | 43 | - | €11,482 | +€11,482 | |
| Credit institutions | 430/8 | - | €11,482 | +€11,482 | |
| Trade debts | 44 | €38,515 | €43,167 | +€4,653 | +12.1% |
| Suppliers | 440/4 | €38,515 | €43,167 | +€4,653 | +12.1% |
| Taxes, remuneration and social security | 45 | €194,196 | €326,811 | +€132,615 | +68.3% |
| Taxes | 450/3 | €182,967 | €310,578 | +€127,611 | +69.7% |
| Remuneration and social security | 454/9 | €11,229 | €16,233 | +€5,004 | +44.6% |
| Other amounts payable | 47/48 | €7,079 | - | -€7,079 | |
| Non-recurring operating income | 76A | €3,167 | - | -€3,167 | |
| Remuneration, social security and pensions | 62 | €114,603 | €88,480 | -€26,122 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,199 | €14,326 | +€1,126 | +8.5% |
| Other operating charges | 640/8 | €4,050 | €4,858 | +€808 | +19.9% |
| Gross operating margin | 9900 | €841,007 | €934,788 | +€93,781 | +11.2% |
| Operating profit (loss) | 9901 | €709,155 | €827,124 | +€117,969 | +16.6% |
| Financial income | 75/76B | €10 | €493 | +€483 | +4,832% |
| Recurring financial income | 75 | €10 | €493 | +€483 | +4,832% |
| Financial charges | 65/66B | €2,549 | €2,164 | -€385 | -15.1% |
| Recurring financial charges | 65 | €2,549 | €2,164 | -€385 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €706,616 | €825,453 | +€118,837 | +16.8% |
| Income taxes | 67/77 | €108,454 | €232,746 | +€124,293 | +115% |
| Profit (loss) for the period | 9904 | €598,162 | €592,707 | -€5,456 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €598,162 | €592,707 | -€5,456 | -0.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.