GiGi: 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.
GiGi
Largest movements
- Cash -€17,905
down €17,905 (-7.3%), from €244,653 to €226,748
mainly Investment in fixed assets (net) (-€42,566) and Contributions, distributions and other (-€34,500)
- Tangible fixed assets +€15,067
up €15,067 (+12.0%), from €125,351 to €140,418
of which Plant, machinery and equipment: +€26,175
- Receivables within one year +€10,652
up €10,652 (+92.3%), from €11,539 to €22,191
of which Other amounts receivable: +€12,585
- Stocks and contracts +€5,959
up €5,959 (+8.7%), from €68,749 to €74,708
- Accrued charges and deferred income +€37,934
up €37,934 (+66.5%), from €57,052 to €94,986
- Reserves -€31,888
down €31,888 (-12.1%), from €264,223 to €232,335
of which Distributable reserves: -€31,888
- Other debts +€28,255
up €28,255 (+135.3%), from €20,879 to €49,134
- Debts after one year -€9,199
down €9,199 (-16.8%), from €54,800 to €45,601
- Tax, wage and social debts -€6,708
down €6,708 (-30.7%), from €21,850 to €15,142
of which Taxes: -€3,397
- Gross operating margin -€63,382
down €63,382 (-24.1%), from €262,502 to €199,120
- Taxes -€15,997
down €15,997 (-90.3%), from €17,717 to €1,720
- Staff costs -€5,989
down €5,989 (-3.6%), from €168,554 to €162,565
- Depreciation +€5,823
up €5,823 (+26.9%), from €21,676 to €27,499
- Financial charges -€4,745
down €4,745 (-70.8%), from €6,700 to €1,954
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 | €455,004 | €470,613 | +€15,610 | +3.4% |
| Fixed assets | 21/28 | €125,351 | €140,418 | +€15,067 | +12.0% |
| Tangible fixed assets | 22/27 | €125,351 | €140,418 | +€15,067 | +12.0% |
| Land and buildings | 22 | €50,650 | €41,775 | -€8,875 | -17.5% |
| Plant, machinery and equipment | 23 | €60,864 | €87,039 | +€26,175 | +43.0% |
| Furniture and vehicles | 24 | €13,837 | €11,603 | -€2,234 | -16.1% |
| Current assets | 29/58 | €329,653 | €330,196 | +€543 | +0.2% |
| Stocks and contracts in progress | 3 | €68,749 | €74,708 | +€5,959 | +8.7% |
| Stocks | 30/36 | €68,749 | €74,708 | +€5,959 | +8.7% |
| Amounts receivable within one year | 40/41 | €11,539 | €22,191 | +€10,652 | +92.3% |
| Trade receivables | 40 | €8,990 | €7,057 | -€1,934 | -21.5% |
| Other amounts receivable | 41 | €2,549 | €15,135 | +€12,585 | +493.7% |
| Cash at bank and in hand | 54/58 | €244,653 | €226,748 | -€17,905 | -7.3% |
| Deferred charges and accrued income | 490/1 | €4,711 | €6,548 | +€1,837 | +39.0% |
| Total equity and liabilities | 10/49 | €455,004 | €470,613 | +€15,610 | +3.4% |
| Equity | 10/15 | €284,223 | €252,335 | -€31,888 | -11.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €264,223 | €232,335 | -€31,888 | -12.1% |
| Tax-exempt reserves | 132 | €166 | €166 | = | 0.0% |
| Distributable reserves | 133 | €264,057 | €232,169 | -€31,888 | -12.1% |
| Amounts payable | 17/49 | €170,781 | €218,279 | +€47,498 | +27.8% |
| Amounts payable after more than one year | 17 | €54,800 | €45,601 | -€9,199 | -16.8% |
| Financial debts | 170/4 | €54,800 | €45,601 | -€9,199 | -16.8% |
| Amounts payable within one year | 42/48 | €58,929 | €77,692 | +€18,762 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €8,946 | €9,199 | +€253 | +2.8% |
| Trade debts | 44 | €7,254 | €4,217 | -€3,037 | -41.9% |
| Suppliers | 440/4 | €7,254 | €4,217 | -€3,037 | -41.9% |
| Taxes, remuneration and social security | 45 | €21,850 | €15,142 | -€6,708 | -30.7% |
| Taxes | 450/3 | €3,397 | - | -€3,397 | |
| Remuneration and social security | 454/9 | €18,453 | €15,142 | -€3,311 | -17.9% |
| Other amounts payable | 47/48 | €20,879 | €49,134 | +€28,255 | +135.3% |
| Accrued charges and deferred income | 492/3 | €57,052 | €94,986 | +€37,934 | +66.5% |
| Remuneration, social security and pensions | 62 | €168,554 | €162,565 | -€5,989 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,676 | €27,499 | +€5,823 | +26.9% |
| Other operating charges | 640/8 | €4,844 | €4,974 | +€130 | +2.7% |
| Gross operating margin | 9900 | €262,502 | €199,120 | -€63,382 | -24.1% |
| Operating profit (loss) | 9901 | €67,429 | €4,082 | -€63,347 | -93.9% |
| Financial income | 75/76B | €1,794 | €2,204 | +€410 | +22.8% |
| Recurring financial income | 75 | €1,794 | €2,204 | +€410 | +22.8% |
| Financial charges | 65/66B | €6,700 | €1,954 | -€4,745 | -70.8% |
| Recurring financial charges | 65 | €6,700 | €1,954 | -€4,745 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €62,523 | €4,331 | -€58,192 | -93.1% |
| Income taxes | 67/77 | €17,717 | €1,720 | -€15,997 | -90.3% |
| Profit (loss) for the period | 9904 | €44,806 | €2,612 | -€42,195 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,806 | €2,612 | -€42,195 | -94.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.