GIGATEC: 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.
GIGATEC
Largest movements
- Tangible fixed assets +€222,675
up €222,675 (+70.8%), from €314,517 to €537,192
of which Land and buildings: +€224,096
- Financial fixed assets -€9,488
down €9,488 (-16.5%), from €57,546 to €48,058
- Receivables within one year +€7,435
up €7,435 (+21.8%), from €34,124 to €41,559
of which Other amounts receivable: +€14,324
- Short-term financial debts +€200,000
new in 2025: €200,000
- Reserves -€100,000
down €100,000 (-27.0%), from €370,738 to €270,738
of which Distributable reserves: -€100,000
- Profit (loss) carried forward +€85,463
up €85,463 (+90.6%), from -€94,308 to -€8,845
- Other debts +€31,025
up €31,025 (+334.8%), from €9,266 to €40,290
- Trade debts +€7,534
up €7,534 (+11954.3%), from €63 to €7,597
- Financial income -€15,506
down €15,506 (-88.2%), from €17,587 to €2,081
- Depreciation -€9,393
down €9,393 (-46.4%), from €20,239 to €10,846
- Financial charges -€1,797
down €1,797 (-11.2%), from €16,076 to €14,279
- Gross operating margin +€1,091
up €1,091 (+6.6%), from €16,586 to €17,677
- Other operating charges +€555
up €555 (+6.6%), from €8,474 to €9,030
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.
Cash bridge derived
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 | €412,365 | €630,397 | +€218,032 | +52.9% |
| Fixed assets | 21/28 | €372,063 | €585,250 | +€213,187 | +57.3% |
| Tangible fixed assets | 22/27 | €314,517 | €537,192 | +€222,675 | +70.8% |
| Land and buildings | 22 | €309,055 | €533,151 | +€224,096 | +72.5% |
| Plant, machinery and equipment | 23 | €2,586 | €2,176 | -€410 | -15.9% |
| Furniture and vehicles | 24 | €2,540 | €1,697 | -€843 | -33.2% |
| Other tangible fixed assets | 26 | €336 | €168 | -€168 | -50.0% |
| Financial fixed assets | 28 | €57,546 | €48,058 | -€9,488 | -16.5% |
| Current assets | 29/58 | €40,302 | €45,147 | +€4,846 | +12.0% |
| Amounts receivable within one year | 40/41 | €34,124 | €41,559 | +€7,435 | +21.8% |
| Trade receivables | 40 | €6,889 | - | -€6,889 | |
| Other amounts receivable | 41 | €27,234 | €41,559 | +€14,324 | +52.6% |
| Cash at bank and in hand | 54/58 | €4,761 | €2,121 | -€2,640 | -55.4% |
| Deferred charges and accrued income | 490/1 | €1,417 | €1,468 | +€51 | +3.6% |
| Total equity and liabilities | 10/49 | €412,365 | €630,397 | +€218,032 | +52.9% |
| Equity | 10/15 | €394,206 | €379,669 | -€14,537 | -3.7% |
| Contributions | 10/11 | €117,776 | €117,776 | = | 0.0% |
| Reserves | 13 | €370,738 | €270,738 | -€100,000 | -27.0% |
| Non-distributable reserves | 130/1 | €20,451 | €20,451 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,451 | €20,451 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,287 | €15,287 | = | 0.0% |
| Distributable reserves | 133 | €335,000 | €235,000 | -€100,000 | -29.9% |
| Profit (loss) carried forward | 14 | -€94,308 | -€8,845 | +€85,463 | +90.6% |
| Amounts payable | 17/49 | €18,159 | €250,728 | +€232,570 | +1280.8% |
| Amounts payable within one year | 42/48 | €18,159 | €250,728 | +€232,570 | +1280.8% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €63 | €7,597 | +€7,534 | +11954.3% |
| Suppliers | 440/4 | €63 | €7,597 | +€7,534 | +11954.3% |
| Taxes, remuneration and social security | 45 | €8,830 | €2,841 | -€5,989 | -67.8% |
| Taxes | 450/3 | €6,830 | €2,841 | -€3,989 | -58.4% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €9,266 | €40,290 | +€31,025 | +334.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,239 | €10,846 | -€9,393 | -46.4% |
| Other operating charges | 640/8 | €8,474 | €9,030 | +€555 | +6.6% |
| Gross operating margin | 9900 | €16,586 | €17,677 | +€1,091 | +6.6% |
| Operating profit (loss) | 9901 | -€12,128 | -€2,199 | +€9,930 | +81.9% |
| Financial income | 75/76B | €17,587 | €2,081 | -€15,506 | -88.2% |
| Recurring financial income | 75 | €17,587 | €2,081 | -€15,506 | -88.2% |
| Financial charges | 65/66B | €16,076 | €14,279 | -€1,797 | -11.2% |
| Recurring financial charges | 65 | €16,076 | €14,279 | -€1,797 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,617 | -€14,396 | -€3,779 | -35.6% |
| Income taxes | 67/77 | -€28 | €141 | +€170 | |
| Profit (loss) for the period | 9904 | -€10,589 | -€14,537 | -€3,949 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,589 | -€14,537 | -€3,949 | -37.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.