GIGI - BEL: 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 - BEL
Largest movements
- Cash +€91,621
up €91,621 (+51.7%), from €177,078 to €268,698
mainly Net result for the year (+€77,143) and Depreciation (+€13,447)
- Tangible fixed assets -€13,447
down €13,447 (-27.7%), from €48,461 to €35,014
- Reserves +€77,143
up €77,143 (+52.6%), from €146,742 to €223,885
of which Distributable reserves: +€77,143
- Gross operating margin +€12,947
up €12,947 (+10.2%), from €126,408 to €139,356
- Depreciation +€8,120
up €8,120 (+152%), from €5,327 to €13,447
- Taxes +€4,958
up €4,958 (+12.0%), from €41,396 to €46,354
- Other operating charges -€4,605
down €4,605 (-66.9%), from €6,883 to €2,278
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 | €231,740 | €312,732 | +€80,992 | +34.9% |
| Fixed assets | 21/28 | €48,461 | €35,014 | -€13,447 | -27.7% |
| Tangible fixed assets | 22/27 | €48,461 | €35,014 | -€13,447 | -27.7% |
| Furniture and vehicles | 24 | €48,461 | €35,014 | -€13,447 | -27.7% |
| Current assets | 29/58 | €183,279 | €277,718 | +€94,440 | +51.5% |
| Amounts receivable within one year | 40/41 | €6,201 | €6,468 | +€267 | +4.3% |
| Trade receivables | 40 | €2,435 | €974 | -€1,461 | -60.0% |
| Other amounts receivable | 41 | €3,766 | €5,495 | +€1,729 | +45.9% |
| Cash at bank and in hand | 54/58 | €177,078 | €268,698 | +€91,621 | +51.7% |
| Deferred charges and accrued income | 490/1 | - | €2,552 | +€2,552 | |
| Total equity and liabilities | 10/49 | €231,740 | €312,732 | +€80,992 | +34.9% |
| Equity | 10/15 | €188,121 | €265,264 | +€77,143 | +41.0% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €146,742 | €223,885 | +€77,143 | +52.6% |
| Tax-exempt reserves | 132 | €981 | €981 | = | 0.0% |
| Distributable reserves | 133 | €145,761 | €222,904 | +€77,143 | +52.9% |
| Profit (loss) carried forward | 14 | €21,547 | €21,547 | = | 0.0% |
| Amounts payable | 17/49 | €43,619 | €47,468 | +€3,849 | +8.8% |
| Amounts payable within one year | 42/48 | €43,619 | €47,468 | +€3,849 | +8.8% |
| Trade debts | 44 | €60 | €1,017 | +€957 | +1,590% |
| Suppliers | 440/4 | €60 | €1,017 | +€957 | +1,590% |
| Taxes, remuneration and social security | 45 | €43,559 | €46,451 | +€2,892 | +6.6% |
| Taxes | 450/3 | €43,559 | €46,451 | +€2,892 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,327 | €13,447 | +€8,120 | +152% |
| Other operating charges | 640/8 | €6,883 | €2,278 | -€4,605 | -66.9% |
| Non-recurring operating charges | 66A | €187 | - | -€187 | |
| Gross operating margin | 9900 | €126,408 | €139,356 | +€12,947 | +10.2% |
| Operating profit (loss) | 9901 | €114,011 | €123,631 | +€9,620 | +8.4% |
| Financial charges | 65/66B | €129 | €134 | +€5 | +3.5% |
| Recurring financial charges | 65 | €129 | €134 | +€5 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €113,882 | €123,497 | +€9,616 | +8.4% |
| Income taxes | 67/77 | €41,396 | €46,354 | +€4,958 | +12.0% |
| Profit (loss) for the period | 9904 | €72,486 | €77,143 | +€4,657 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,486 | €77,143 | +€4,657 | +6.4% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.