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
- Tangible fixed assets +€56,023
up €56,023 (+97.4%), from €57,508 to €113,531
of which Leasing and similar rights: +€30,665
- Intangible fixed assets -€8,000
down €8,000 (-13.2%), from €60,667 to €52,667
- Cash +€3,303
up €3,303 (+135%), from €2,450 to €5,753
mainly Debts after one year (+€38,644) and Depreciation (+€27,064)
- Deferred charges and accrued income +€2,655
up €2,655 (+95.6%), from €2,776 to €5,431
- Debts after one year +€38,644
up €38,644 (+122%), from €31,565 to €70,209
- Trade debts +€10,125
up €10,125 (+229%), from €4,422 to €14,546
- Current portion of long-term debt +€7,450
up €7,450 (+68.9%), from €10,807 to €18,257
- Tax, wage and social debts -€4,266
down €4,266 (-56.9%), from €7,500 to €3,234
of which Taxes: -€4,289
- Gross operating margin +€16,041
up €16,041 (+24.0%), from €66,923 to €82,964
- Staff costs +€14,567
up €14,567 (+45.5%), from €31,997 to €46,564
- Depreciation +€6,207
up €6,207 (+29.8%), from €20,857 to €27,064
- Financial charges +€4,145
up €4,145 (+198%), from €2,095 to €6,240
- Taxes -€1,645
down €1,645 (-50.8%), from €3,236 to €1,591
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 | €130,486 | €184,612 | +€54,126 | +41.5% |
| Formation expenses | 20 | €566 | - | -€566 | |
| Fixed assets | 21/28 | €118,175 | €166,198 | +€48,023 | +40.6% |
| Intangible fixed assets | 21 | €60,667 | €52,667 | -€8,000 | -13.2% |
| Tangible fixed assets | 22/27 | €57,508 | €113,531 | +€56,023 | +97.4% |
| Plant, machinery and equipment | 23 | €5,040 | €30,398 | +€25,358 | +503% |
| Leasing and similar rights | 25 | €52,468 | €83,133 | +€30,665 | +58.4% |
| Current assets | 29/58 | €11,745 | €18,414 | +€6,669 | +56.8% |
| Stocks and contracts in progress | 3 | €5,825 | €7,230 | +€1,405 | +24.1% |
| Stocks | 30/36 | €5,825 | €7,230 | +€1,405 | +24.1% |
| Amounts receivable within one year | 40/41 | €694 | - | -€694 | |
| Trade receivables | 40 | €694 | - | -€694 | |
| Cash at bank and in hand | 54/58 | €2,450 | €5,753 | +€3,303 | +135% |
| Deferred charges and accrued income | 490/1 | €2,776 | €5,431 | +€2,655 | +95.6% |
| Total equity and liabilities | 10/49 | €130,486 | €184,612 | +€54,126 | +41.5% |
| Equity | 10/15 | €16,657 | €17,650 | +€992 | +6.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,157 | €15,150 | +€992 | +7.0% |
| Amounts payable | 17/49 | €113,828 | €166,962 | +€53,134 | +46.7% |
| Amounts payable after more than one year | 17 | €31,565 | €70,209 | +€38,644 | +122% |
| Financial debts | 170/4 | €31,565 | €70,209 | +€38,644 | +122% |
| Amounts payable within one year | 42/48 | €82,264 | €96,754 | +€14,490 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €10,807 | €18,257 | +€7,450 | +68.9% |
| Trade debts | 44 | €4,422 | €14,546 | +€10,125 | +229% |
| Suppliers | 440/4 | €4,422 | €14,546 | +€10,125 | +229% |
| Taxes, remuneration and social security | 45 | €7,500 | €3,234 | -€4,266 | -56.9% |
| Taxes | 450/3 | €6,044 | €1,756 | -€4,289 | -71.0% |
| Remuneration and social security | 454/9 | €1,456 | €1,478 | +€23 | +1.5% |
| Other amounts payable | 47/48 | €59,535 | €60,716 | +€1,181 | +2.0% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Remuneration, social security and pensions | 62 | €31,997 | €46,564 | +€14,567 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,857 | €27,064 | +€6,207 | +29.8% |
| Other operating charges | 640/8 | €351 | €516 | +€165 | +47.0% |
| Gross operating margin | 9900 | €66,923 | €82,964 | +€16,041 | +24.0% |
| Operating profit (loss) | 9901 | €13,718 | €8,820 | -€4,898 | -35.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,095 | €6,240 | +€4,145 | +198% |
| Recurring financial charges | 65 | €2,095 | €6,240 | +€4,145 | +198% |
| Profit (loss) for the period before taxes | 9903 | €11,623 | €2,583 | -€9,040 | -77.8% |
| Income taxes | 67/77 | €3,236 | €1,591 | -€1,645 | -50.8% |
| Profit (loss) for the period | 9904 | €8,387 | €992 | -€7,395 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,387 | €992 | -€7,395 | -88.2% |
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 15 October 2026 via checked.be.