GIGAPROM: 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.
GIGAPROM
Largest movements
- Receivables within one year +€60,396
up €60,396 (+339%), from €17,841 to €78,238
of which Trade receivables: +€62,444
- Cash -€59,287
down €59,287 (-46.8%), from €126,785 to €67,498
mainly Receivables within one year (-€60,396) and Debts after one year (-€18,282)
- Tangible fixed assets -€31,798
down €31,798 (-17.1%), from €186,437 to €154,640
of which Land and buildings: -€31,753
- Debts after one year -€18,282
down €18,282 (-17.6%), from €103,727 to €85,445
- Accrued charges and deferred income -€5,308
down €5,308 (-57.8%), from €9,180 to €3,872
- Financial income -€11,453
down €11,453 (-50.8%), from €22,534 to €11,080
- Depreciation -€6,305
down €6,305 (-15.7%), from €40,172 to €33,866
- Gross operating margin +€3,846
up €3,846 (+14.2%), from €27,179 to €31,026
- Other operating charges -€1,252
down €1,252 (-17.6%), from €7,110 to €5,858
- Financial charges -€727
down €727 (-13.4%), from €5,426 to €4,698
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 | €331,614 | €300,926 | -€30,688 | -9.3% |
| Fixed assets | 21/28 | €186,987 | €155,190 | -€31,798 | -17.0% |
| Tangible fixed assets | 22/27 | €186,437 | €154,640 | -€31,798 | -17.1% |
| Land and buildings | 22 | €181,616 | €149,864 | -€31,753 | -17.5% |
| Plant, machinery and equipment | 23 | €4,821 | €4,776 | -€45 | -0.9% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €144,626 | €145,736 | +€1,110 | +0.8% |
| Amounts receivable within one year | 40/41 | €17,841 | €78,238 | +€60,396 | +339% |
| Trade receivables | 40 | €2,241 | €64,685 | +€62,444 | +2,787% |
| Other amounts receivable | 41 | €15,601 | €13,553 | -€2,048 | -13.1% |
| Cash at bank and in hand | 54/58 | €126,785 | €67,498 | -€59,287 | -46.8% |
| Total equity and liabilities | 10/49 | €331,614 | €300,926 | -€30,688 | -9.3% |
| Equity | 10/15 | €158,181 | €155,864 | -€2,317 | -1.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €81,848 | €81,848 | = | 0.0% |
| Distributable reserves | 133 | €81,848 | €81,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,933 | €61,616 | -€2,317 | -3.6% |
| Amounts payable | 17/49 | €173,433 | €145,062 | -€28,371 | -16.4% |
| Amounts payable after more than one year | 17 | €103,727 | €85,445 | -€18,282 | -17.6% |
| Financial debts | 170/4 | €103,727 | €85,445 | -€18,282 | -17.6% |
| Amounts payable within one year | 42/48 | €60,525 | €55,744 | -€4,781 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €21,564 | €20,978 | -€587 | -2.7% |
| Trade debts | 44 | €11,813 | €9,592 | -€2,221 | -18.8% |
| Suppliers | 440/4 | €11,813 | €9,592 | -€2,221 | -18.8% |
| Taxes, remuneration and social security | 45 | €2,250 | - | -€2,250 | |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €24,897 | €25,174 | +€277 | +1.1% |
| Accrued charges and deferred income | 492/3 | €9,180 | €3,872 | -€5,308 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,172 | €33,866 | -€6,305 | -15.7% |
| Other operating charges | 640/8 | €7,110 | €5,858 | -€1,252 | -17.6% |
| Gross operating margin | 9900 | €27,179 | €31,026 | +€3,846 | +14.2% |
| Operating profit (loss) | 9901 | -€20,103 | -€8,699 | +€11,404 | +56.7% |
| Financial income | 75/76B | €22,534 | €11,080 | -€11,453 | -50.8% |
| Recurring financial income | 75 | €22,534 | €11,080 | -€11,453 | -50.8% |
| Financial charges | 65/66B | €5,426 | €4,698 | -€727 | -13.4% |
| Recurring financial charges | 65 | €5,426 | €4,698 | -€727 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,995 | -€2,317 | +€678 | +22.6% |
| Income taxes | 67/77 | €331 | - | -€331 | |
| Profit (loss) for the period | 9904 | -€3,326 | -€2,317 | +€1,008 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,326 | -€2,317 | +€1,008 | +30.3% |
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 16 October 2026 via checked.be.