GIGEMA: 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.
GIGEMA
Largest movements
- Stocks and contracts -€106,900
down €106,900 (-56.4%), from €189,511 to €82,611
- Tangible fixed assets -€45,098
down €45,098 (-15.6%), from €288,789 to €243,691
of which Plant, machinery and equipment: -€32,288
- Receivables after one year -€25,842
down €25,842 (-10.4%), from €247,777 to €221,935
- Receivables within one year -€13,389
down €13,389 (-4.5%), from €298,839 to €285,450
of which Trade receivables: -€9,595
- Trade debts -€66,746
down €66,746 (-31.1%), from €214,475 to €147,729
- Tax, wage and social debts -€65,069
down €65,069 (-44.0%), from €147,867 to €82,798
of which Remuneration and social security: -€37,571
- Short-term financial debts -€57,967
down €57,967 (-25.2%), from €229,770 to €171,803
- Accrued charges and deferred income -€13,139
down €13,139 (-22.7%), from €57,964 to €44,826
- Staff costs -€254,622
down €254,622 (-30.9%), from €823,361 to €568,739
- Gross operating margin -€241,337
down €241,337 (-25.2%), from €956,028 to €714,691
- Other operating charges +€36,020
up €36,020 (+679%), from €5,306 to €41,325
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 | €1,242,006 | €1,042,973 | -€199,033 | -16.0% |
| Formation expenses | 20 | €107 | €96 | -€11 | -10.5% |
| Fixed assets | 21/28 | €288,789 | €243,691 | -€45,098 | -15.6% |
| Tangible fixed assets | 22/27 | €288,789 | €243,691 | -€45,098 | -15.6% |
| Land and buildings | 22 | €92,226 | €82,017 | -€10,209 | -11.1% |
| Plant, machinery and equipment | 23 | €121,971 | €89,683 | -€32,288 | -26.5% |
| Furniture and vehicles | 24 | €10,246 | €22,981 | +€12,734 | +124% |
| Leasing and similar rights | 25 | €38,523 | €27,401 | -€11,121 | -28.9% |
| Other tangible fixed assets | 26 | €25,823 | €21,608 | -€4,215 | -16.3% |
| Current assets | 29/58 | €953,110 | €799,186 | -€153,924 | -16.1% |
| Amounts receivable after more than one year | 29 | €247,777 | €221,935 | -€25,842 | -10.4% |
| Other amounts receivable | 291 | €247,777 | €221,935 | -€25,842 | -10.4% |
| Stocks and contracts in progress | 3 | €189,511 | €82,611 | -€106,900 | -56.4% |
| Stocks | 30/36 | €189,511 | €82,611 | -€106,900 | -56.4% |
| Amounts receivable within one year | 40/41 | €298,839 | €285,450 | -€13,389 | -4.5% |
| Trade receivables | 40 | €287,474 | €277,879 | -€9,595 | -3.3% |
| Other amounts receivable | 41 | €11,364 | €7,571 | -€3,794 | -33.4% |
| Cash at bank and in hand | 54/58 | €164 | €317 | +€153 | +93.5% |
| Deferred charges and accrued income | 490/1 | €216,820 | €208,873 | -€7,947 | -3.7% |
| Total equity and liabilities | 10/49 | €1,242,006 | €1,042,973 | -€199,033 | -16.0% |
| Equity | 10/15 | €323,944 | €328,193 | +€4,249 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €305,352 | €309,601 | +€4,249 | +1.4% |
| Tax-exempt reserves | 132 | €1,518 | €1,518 | = | 0.0% |
| Distributable reserves | 133 | €303,834 | €308,083 | +€4,249 | +1.4% |
| Amounts payable | 17/49 | €918,062 | €714,780 | -€203,282 | -22.1% |
| Amounts payable after more than one year | 17 | €175,653 | €177,535 | +€1,882 | +1.1% |
| Financial debts | 170/4 | €101,871 | €122,889 | +€21,018 | +20.6% |
| Other amounts payable | 178/9 | €73,782 | €54,646 | -€19,137 | -25.9% |
| Amounts payable within one year | 42/48 | €684,444 | €492,419 | -€192,025 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €92,332 | €90,089 | -€2,243 | -2.4% |
| Financial debts | 43 | €229,770 | €171,803 | -€57,967 | -25.2% |
| Credit institutions | 430/8 | €229,770 | €171,803 | -€57,967 | -25.2% |
| Trade debts | 44 | €214,475 | €147,729 | -€66,746 | -31.1% |
| Suppliers | 440/4 | €214,475 | €147,729 | -€66,746 | -31.1% |
| Taxes, remuneration and social security | 45 | €147,867 | €82,798 | -€65,069 | -44.0% |
| Taxes | 450/3 | €42,125 | €14,627 | -€27,498 | -65.3% |
| Remuneration and social security | 454/9 | €105,742 | €68,171 | -€37,571 | -35.5% |
| Accrued charges and deferred income | 492/3 | €57,964 | €44,826 | -€13,139 | -22.7% |
| Remuneration, social security and pensions | 62 | €823,361 | €568,739 | -€254,622 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,016 | €62,614 | -€5,401 | -7.9% |
| Other operating charges | 640/8 | €5,306 | €41,325 | +€36,020 | +679% |
| Gross operating margin | 9900 | €956,028 | €714,691 | -€241,337 | -25.2% |
| Operating profit (loss) | 9901 | €59,345 | €42,012 | -€17,334 | -29.2% |
| Financial income | 75/76B | €6,220 | €5,545 | -€675 | -10.9% |
| Recurring financial income | 75 | €6,220 | €5,545 | -€675 | -10.9% |
| Financial charges | 65/66B | €29,263 | €35,583 | +€6,320 | +21.6% |
| Recurring financial charges | 65 | €29,263 | €35,583 | +€6,320 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €36,303 | €11,974 | -€24,329 | -67.0% |
| Income taxes | 67/77 | €14,981 | €7,725 | -€7,256 | -48.4% |
| Profit (loss) for the period | 9904 | €21,321 | €4,249 | -€17,073 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,321 | €4,249 | -€17,073 | -80.1% |
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 14 October 2026 via checked.be.