GIGI-JF: 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-JF
Largest movements
- Stocks and contracts -€9,880
down €9,880 (-41.5%), from €23,822 to €13,943
- Tangible fixed assets +€4,332
up €4,332 (+5.6%), from €76,728 to €81,060
of which Plant, machinery and equipment: +€7,702
- Receivables within one year -€3,478
down €3,478 (-54.6%), from €6,366 to €2,888
of which Trade receivables: -€2,964
- Profit (loss) carried forward -€42,829
down €42,829 (-2,097%), from -€2,042 to -€44,871
- Trade debts +€25,188
up €25,188 (+120%), from €20,932 to €46,121
- Other debts +€11,150
up €11,150 (+13.7%), from €81,246 to €92,396
- Tax, wage and social debts -€3,115
down €3,115 (-77.5%), from €4,021 to €906
- Gross operating margin -€27,472
down €27,472, from €10,328 to -€17,143
- Depreciation +€6,293
up €6,293 (+59.4%), from €10,591 to €16,884
- Other operating charges +€5,418
up €5,418 (+166%), from €3,262 to €8,680
- Financial income -€2,066
no longer reported in 2024 (was €2,066)
of which Financial income: -€2,066
- Financial charges -€503
down €503 (-86.1%), from €584 to €81
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,221 | €104,614 | -€9,606 | -8.4% |
| Fixed assets | 21/28 | €81,759 | €84,893 | +€3,134 | +3.8% |
| Intangible fixed assets | 21 | €4,821 | €3,728 | -€1,093 | -22.7% |
| Tangible fixed assets | 22/27 | €76,728 | €81,060 | +€4,332 | +5.6% |
| Plant, machinery and equipment | 23 | €46,284 | €53,986 | +€7,702 | +16.6% |
| Furniture and vehicles | 24 | €30,444 | €27,074 | -€3,370 | -11.1% |
| Financial fixed assets | 28 | €210 | €105 | -€105 | -50.0% |
| Current assets | 29/58 | €32,462 | €19,722 | -€12,740 | -39.2% |
| Stocks and contracts in progress | 3 | €23,822 | €13,943 | -€9,880 | -41.5% |
| Stocks | 30/36 | €23,822 | €13,943 | -€9,880 | -41.5% |
| Amounts receivable within one year | 40/41 | €6,366 | €2,888 | -€3,478 | -54.6% |
| Trade receivables | 40 | €3,834 | €870 | -€2,964 | -77.3% |
| Other amounts receivable | 41 | €2,533 | €2,018 | -€515 | -20.3% |
| Cash at bank and in hand | 54/58 | €872 | €1,293 | +€421 | +48.3% |
| Deferred charges and accrued income | 490/1 | €1,401 | €1,597 | +€197 | +14.1% |
| Total equity and liabilities | 10/49 | €114,221 | €104,614 | -€9,606 | -8.4% |
| Equity | 10/15 | €3,958 | -€38,871 | -€42,829 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,042 | -€44,871 | -€42,829 | -2,097% |
| Amounts payable | 17/49 | €110,263 | €143,486 | +€33,223 | +30.1% |
| Amounts payable within one year | 42/48 | €110,263 | €143,486 | +€33,223 | +30.1% |
| Trade debts | 44 | €20,932 | €46,121 | +€25,188 | +120% |
| Suppliers | 440/4 | €20,932 | €46,121 | +€25,188 | +120% |
| Advances received on contracts in progress | 46 | €4,064 | €4,064 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,021 | €906 | -€3,115 | -77.5% |
| Taxes | 450/3 | €4,021 | €906 | -€3,115 | -77.5% |
| Other amounts payable | 47/48 | €81,246 | €92,396 | +€11,150 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,591 | €16,884 | +€6,293 | +59.4% |
| Other operating charges | 640/8 | €3,262 | €8,680 | +€5,418 | +166% |
| Non-recurring operating charges | 66A | - | €40 | +€40 | |
| Gross operating margin | 9900 | €10,328 | -€17,143 | -€27,472 | |
| Operating profit (loss) | 9901 | -€3,525 | -€42,748 | -€39,223 | -1,113% |
| Financial income | 75/76B | €2,066 | - | -€2,066 | |
| Recurring financial income | 75 | €2,066 | - | -€2,066 | |
| Non-recurring financial income | 76B | €2,066 | - | -€2,066 | |
| Financial charges | 65/66B | €584 | €81 | -€503 | -86.1% |
| Recurring financial charges | 65 | €584 | €81 | -€503 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,042 | -€42,829 | -€40,786 | -1,997% |
| Profit (loss) for the period | 9904 | -€2,042 | -€42,829 | -€40,786 | -1,997% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,042 | -€42,829 | -€40,786 | -1,997% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.