GIGECO: 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.
GIGECO
Largest movements
- Financial fixed assets +€628,704
up €628,704 (+2958.6%), from €21,250 to €649,954
- Current investments +€450,000
new in 2025: €450,000
- Cash -€168,018
down €168,018 (-26.0%), from €646,668 to €478,650
mainly Investment in fixed assets (net) (-€630,710) and Current investments (-€450,000)
- Other debts +€450,277
up €450,277 (+46850.7%), from €961 to €451,238
- Debts after one year +€374,946
new in 2025: €374,946
- Current portion of long-term debt +€66,284
new in 2025: €66,284
- Tax, wage and social debts +€20,862
up €20,862 (+48.2%), from €43,323 to €64,185
of which Taxes: +€20,862
- Financial income -€211,765
down €211,765 (-38.3%), from €552,766 to €341,001
- Gross operating margin +€84,254
up €84,254 (+97.9%), from €86,048 to €170,302
- Taxes +€21,133
up €21,133 (+120.8%), from €17,497 to €38,629
- Financial charges +€15,646
up €15,646 (+788.8%), from €1,983 to €17,630
- Depreciation +€2,739
up €2,739 (+164.1%), from €1,670 to €4,408
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 | €706,082 | €1,619,763 | +€913,681 | +129.4% |
| Fixed assets | 21/28 | €34,917 | €661,219 | +€626,302 | +1793.7% |
| Tangible fixed assets | 22/27 | €13,667 | €11,265 | -€2,402 | -17.6% |
| Furniture and vehicles | 24 | €6,667 | €11,265 | +€4,598 | +69.0% |
| Other tangible fixed assets | 26 | €7,000 | €0 | -€7,000 | -100.0% |
| Financial fixed assets | 28 | €21,250 | €649,954 | +€628,704 | +2958.6% |
| Current assets | 29/58 | €671,165 | €958,545 | +€287,380 | +42.8% |
| Amounts receivable within one year | 40/41 | €23,723 | €27,848 | +€4,125 | +17.4% |
| Trade receivables | 40 | €23,642 | €27,848 | +€4,206 | +17.8% |
| Other amounts receivable | 41 | €81 | €0 | -€81 | -100.0% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €646,668 | €478,650 | -€168,018 | -26.0% |
| Deferred charges and accrued income | 490/1 | €773 | €2,046 | +€1,273 | +164.6% |
| Total equity and liabilities | 10/49 | €706,082 | €1,619,763 | +€913,681 | +129.4% |
| Equity | 10/15 | €661,009 | €661,009 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,959 | €38,959 | = | 0.0% |
| Distributable reserves | 133 | €38,959 | €38,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | €617,051 | €617,051 | = | 0.0% |
| Amounts payable | 17/49 | €45,073 | €958,754 | +€913,681 | +2027.1% |
| Amounts payable after more than one year | 17 | - | €374,946 | +€374,946 | |
| Financial debts | 170/4 | - | €374,946 | +€374,946 | |
| Amounts payable within one year | 42/48 | €45,073 | €583,808 | +€538,735 | +1195.3% |
| Current portion of amounts payable after more than one year | 42 | - | €66,284 | +€66,284 | |
| Financial debts | 43 | €237 | €0 | -€237 | -100.0% |
| Credit institutions | 430/8 | €237 | €0 | -€237 | -100.0% |
| Trade debts | 44 | €552 | €2,101 | +€1,549 | +280.4% |
| Suppliers | 440/4 | €552 | €2,101 | +€1,549 | +280.4% |
| Taxes, remuneration and social security | 45 | €43,323 | €64,185 | +€20,862 | +48.2% |
| Taxes | 450/3 | €41,073 | €61,935 | +€20,862 | +50.8% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €961 | €451,238 | +€450,277 | +46850.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,670 | €4,408 | +€2,739 | +164.1% |
| Other operating charges | 640/8 | €613 | €894 | +€281 | +45.8% |
| Gross operating margin | 9900 | €86,048 | €170,302 | +€84,254 | +97.9% |
| Operating profit (loss) | 9901 | €83,765 | €164,999 | +€81,234 | +97.0% |
| Financial income | 75/76B | €552,766 | €341,001 | -€211,765 | -38.3% |
| Recurring financial income | 75 | €552,766 | €341,001 | -€211,765 | -38.3% |
| Financial charges | 65/66B | €1,983 | €17,630 | +€15,646 | +788.8% |
| Recurring financial charges | 65 | €1,983 | €17,630 | +€15,646 | +788.8% |
| Profit (loss) for the period before taxes | 9903 | €634,548 | €488,370 | -€146,177 | -23.0% |
| Income taxes | 67/77 | €17,497 | €38,629 | +€21,133 | +120.8% |
| Profit (loss) for the period | 9904 | €617,051 | €449,741 | -€167,310 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €617,051 | €449,741 | -€167,310 | -27.1% |
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 12 October 2026 via checked.be.