GIGAWEB: 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.
GIGAWEB
Largest movements
- Cash +€19,607
up €19,607 (+20.0%), from €97,965 to €117,572
mainly Net result for the year (+€23,322) and Tax, wage and social debts (+€4,990)
- Receivables within one year +€4,202
up €4,202 (+30.7%), from €13,668 to €17,870
of which Trade receivables: +€6,229
- Tangible fixed assets +€2,146
up €2,146 (+39.9%), from €5,374 to €7,520
- Reserves +€23,320
up €23,320 (+188%), from €12,400 to €35,720
- Tax, wage and social debts +€4,990
up €4,990 (+20.3%), from €24,634 to €29,625
of which Taxes: +€13,462
- Trade debts -€2,662
down €2,662 (-16.9%), from €15,769 to €13,107
- Staff costs -€63,112
down €63,112 (-74.9%), from €84,314 to €21,202
- Gross operating margin -€41,865
down €41,865 (-40.5%), from €103,486 to €61,620
- Taxes +€8,119
up €8,119 (+187%), from €4,336 to €12,455
- Depreciation +€2,044
up €2,044 (+152%), from €1,344 to €3,387
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 | €120,173 | €145,772 | +€25,599 | +21.3% |
| Fixed assets | 21/28 | €5,374 | €7,520 | +€2,146 | +39.9% |
| Tangible fixed assets | 22/27 | €5,374 | €7,520 | +€2,146 | +39.9% |
| Furniture and vehicles | 24 | €5,374 | €7,520 | +€2,146 | +39.9% |
| Current assets | 29/58 | €114,799 | €138,252 | +€23,453 | +20.4% |
| Amounts receivable within one year | 40/41 | €13,668 | €17,870 | +€4,202 | +30.7% |
| Trade receivables | 40 | €10,977 | €17,205 | +€6,229 | +56.7% |
| Other amounts receivable | 41 | €2,691 | €664 | -€2,027 | -75.3% |
| Current investments | 50/53 | €2,791 | €2,791 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €97,965 | €117,572 | +€19,607 | +20.0% |
| Deferred charges and accrued income | 490/1 | €375 | €19 | -€356 | -95.0% |
| Total equity and liabilities | 10/49 | €120,173 | €145,772 | +€25,599 | +21.3% |
| Equity | 10/15 | €79,289 | €102,611 | +€23,322 | +29.4% |
| Contributions | 10/11 | €24,200 | €24,200 | = | 0.0% |
| Reserves | 13 | €12,400 | €35,720 | +€23,320 | +188% |
| Distributable reserves | 133 | €12,400 | €35,720 | +€23,320 | +188% |
| Profit (loss) carried forward | 14 | €42,689 | €42,691 | +€2 | 0.0% |
| Amounts payable | 17/49 | €40,885 | €43,161 | +€2,277 | +5.6% |
| Amounts payable within one year | 42/48 | €40,830 | €43,161 | +€2,331 | +5.7% |
| Trade debts | 44 | €15,769 | €13,107 | -€2,662 | -16.9% |
| Suppliers | 440/4 | €15,769 | €13,107 | -€2,662 | -16.9% |
| Taxes, remuneration and social security | 45 | €24,634 | €29,625 | +€4,990 | +20.3% |
| Taxes | 450/3 | €6,693 | €20,155 | +€13,462 | +201% |
| Remuneration and social security | 454/9 | €17,942 | €9,470 | -€8,472 | -47.2% |
| Other amounts payable | 47/48 | €427 | €430 | +€3 | +0.7% |
| Accrued charges and deferred income | 492/3 | €55 | €0 | -€55 | -99.7% |
| Remuneration, social security and pensions | 62 | €84,314 | €21,202 | -€63,112 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,344 | €3,387 | +€2,044 | +152% |
| Other operating charges | 640/8 | €387 | €540 | +€152 | +39.3% |
| Gross operating margin | 9900 | €103,486 | €61,620 | -€41,865 | -40.5% |
| Operating profit (loss) | 9901 | €17,441 | €36,491 | +€19,051 | +109% |
| Financial income | 75/76B | €0 | €2 | +€2 | +6,533% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +6,533% |
| Financial charges | 65/66B | €701 | €717 | +€16 | +2.3% |
| Recurring financial charges | 65 | €701 | €717 | +€16 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €16,740 | €35,777 | +€19,037 | +114% |
| Income taxes | 67/77 | €4,336 | €12,455 | +€8,119 | +187% |
| Profit (loss) for the period | 9904 | €12,404 | €23,322 | +€10,918 | +88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,404 | €23,322 | +€10,918 | +88.0% |
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 20 October 2026 via checked.be.