GIGEON: 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.
GIGEON
Largest movements
- Receivables within one year -€54,441
down €54,441 (-98.5%), from €55,261 to €820
of which Trade receivables: -€55,261
- Cash +€51,019
up €51,019 (+12.7%), from €402,974 to €453,994
mainly Receivables within one year (+€54,441) and Net result for the year (+€32,308)
- Reserves +€32,308
up €32,308 (+16.5%), from €195,932 to €228,240
- Tax, wage and social debts -€27,157
down €27,157 (-92.6%), from €29,318 to €2,161
of which Taxes: -€17,647
- Other debts -€7,241
down €7,241 (-3.3%), from €222,170 to €214,929
- Gross operating margin -€18,505
down €18,505 (-28.2%), from €65,508 to €47,003
- Taxes -€2,598
down €2,598 (-14.4%), from €18,016 to €15,418
- Other operating charges -€715
down €715 (-31.5%), from €2,273 to €1,558
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 | €460,704 | €458,578 | -€2,127 | -0.5% |
| Fixed assets | 21/28 | €1,254 | €2,499 | +€1,245 | +99.3% |
| Tangible fixed assets | 22/27 | €1,254 | €2,499 | +€1,245 | +99.3% |
| Furniture and vehicles | 24 | €1,254 | €2,499 | +€1,245 | +99.3% |
| Current assets | 29/58 | €459,450 | €456,079 | -€3,372 | -0.7% |
| Amounts receivable within one year | 40/41 | €55,261 | €820 | -€54,441 | -98.5% |
| Trade receivables | 40 | €55,261 | - | -€55,261 | |
| Other amounts receivable | 41 | - | €820 | +€820 | |
| Cash at bank and in hand | 54/58 | €402,974 | €453,994 | +€51,019 | +12.7% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,265 | +€51 | +4.2% |
| Total equity and liabilities | 10/49 | €460,704 | €458,578 | -€2,127 | -0.5% |
| Equity | 10/15 | €208,332 | €240,640 | +€32,308 | +15.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €195,932 | €228,240 | +€32,308 | +16.5% |
| Distributable reserves | 133 | €195,932 | €228,240 | +€32,308 | +16.5% |
| Amounts payable | 17/49 | €252,372 | €217,937 | -€34,435 | -13.6% |
| Amounts payable within one year | 42/48 | €252,372 | €217,937 | -€34,435 | -13.6% |
| Trade debts | 44 | €884 | €848 | -€37 | -4.1% |
| Suppliers | 440/4 | €884 | €848 | -€37 | -4.1% |
| Taxes, remuneration and social security | 45 | €29,318 | €2,161 | -€27,157 | -92.6% |
| Taxes | 450/3 | €19,808 | €2,161 | -€17,647 | -89.1% |
| Remuneration and social security | 454/9 | €9,510 | - | -€9,510 | |
| Other amounts payable | 47/48 | €222,170 | €214,929 | -€7,241 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €644 | €661 | +€17 | +2.6% |
| Other operating charges | 640/8 | €2,273 | €1,558 | -€715 | -31.5% |
| Gross operating margin | 9900 | €65,508 | €47,003 | -€18,505 | -28.2% |
| Operating profit (loss) | 9901 | €62,590 | €44,784 | -€17,807 | -28.4% |
| Financial income | 75/76B | €2,851 | €3,015 | +€164 | +5.7% |
| Recurring financial income | 75 | €2,851 | €3,015 | +€164 | +5.7% |
| Financial charges | 65/66B | €116 | €72 | -€44 | -37.7% |
| Recurring financial charges | 65 | €116 | €72 | -€44 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €65,326 | €47,726 | -€17,599 | -26.9% |
| Income taxes | 67/77 | €18,016 | €15,418 | -€2,598 | -14.4% |
| Profit (loss) for the period | 9904 | €47,310 | €32,308 | -€15,002 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,310 | €32,308 | -€15,002 | -31.7% |
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 9 October 2026 via checked.be.