GIGS: 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.
GIGS
Largest movements
- Receivables within one year -€27,469
down €27,469 (-9.4%), from €293,110 to €265,641
of which Other amounts receivable: -€27,467
- Stocks and contracts +€10,406
up €10,406 (+71.0%), from €14,657 to €25,063
- Cash +€4,967
up €4,967 (+1502.9%), from €331 to €5,298
mainly Receivables within one year (+€27,469) and Net result for the year (+€26,374)
- Tangible fixed assets +€3,912
up €3,912 (+9.7%), from €40,445 to €44,357
- Other debts -€35,000
down €35,000 (-100.0%), from €35,000 to €0
- Reserves +€26,000
up €26,000 (+21.3%), from €122,000 to €148,000
- Trade debts -€14,102
down €14,102 (-10.3%), from €136,447 to €122,345
- Tax, wage and social debts +€10,865
up €10,865 (+29.4%), from €36,945 to €47,811
of which Taxes: +€10,479
- Advances received +€3,678
new in 2025: €3,678
- Staff costs +€29,922
up €29,922 (+50.5%), from €59,272 to €89,194
- Other operating charges +€16,470
up €16,470 (+167.1%), from €9,859 to €26,330
- Financial charges -€10,467
down €10,467 (-78.5%), from €13,330 to €2,863
- Taxes +€3,432
up €3,432 (+20.4%), from €16,843 to €20,275
- Gross operating margin +€1,944
up €1,944 (+1.1%), from €172,857 to €174,801
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 | €349,293 | €341,109 | -€8,184 | -2.3% |
| Fixed assets | 21/28 | €41,195 | €45,107 | +€3,912 | +9.5% |
| Tangible fixed assets | 22/27 | €40,445 | €44,357 | +€3,912 | +9.7% |
| Plant, machinery and equipment | 23 | €14,920 | €15,327 | +€406 | +2.7% |
| Furniture and vehicles | 24 | €1,516 | €3,074 | +€1,559 | +102.8% |
| Other tangible fixed assets | 26 | €24,009 | €25,956 | +€1,947 | +8.1% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €308,098 | €296,002 | -€12,096 | -3.9% |
| Stocks and contracts in progress | 3 | €14,657 | €25,063 | +€10,406 | +71.0% |
| Stocks | 30/36 | €14,657 | €25,063 | +€10,406 | +71.0% |
| Amounts receivable within one year | 40/41 | €293,110 | €265,641 | -€27,469 | -9.4% |
| Trade receivables | 40 | €2 | €0 | -€2 | -100.0% |
| Other amounts receivable | 41 | €293,108 | €265,641 | -€27,467 | -9.4% |
| Cash at bank and in hand | 54/58 | €331 | €5,298 | +€4,967 | +1502.9% |
| Total equity and liabilities | 10/49 | €349,293 | €341,109 | -€8,184 | -2.3% |
| Equity | 10/15 | €140,900 | €167,274 | +€26,374 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,000 | €148,000 | +€26,000 | +21.3% |
| Distributable reserves | 133 | €122,000 | €148,000 | +€26,000 | +21.3% |
| Profit (loss) carried forward | 14 | €300 | €674 | +€374 | +124.6% |
| Amounts payable | 17/49 | €208,392 | €173,834 | -€34,558 | -16.6% |
| Amounts payable within one year | 42/48 | €208,392 | €173,834 | -€34,558 | -16.6% |
| Trade debts | 44 | €136,447 | €122,345 | -€14,102 | -10.3% |
| Suppliers | 440/4 | €136,447 | €122,345 | -€14,102 | -10.3% |
| Advances received on contracts in progress | 46 | - | €3,678 | +€3,678 | |
| Taxes, remuneration and social security | 45 | €36,945 | €47,811 | +€10,865 | +29.4% |
| Taxes | 450/3 | €34,446 | €44,925 | +€10,479 | +30.4% |
| Remuneration and social security | 454/9 | €2,499 | €2,885 | +€386 | +15.5% |
| Other amounts payable | 47/48 | €35,000 | €0 | -€35,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €59,272 | €89,194 | +€29,922 | +50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,553 | €9,796 | +€1,243 | +14.5% |
| Other operating charges | 640/8 | €9,859 | €26,330 | +€16,470 | +167.1% |
| Gross operating margin | 9900 | €172,857 | €174,801 | +€1,944 | +1.1% |
| Operating profit (loss) | 9901 | €95,173 | €49,482 | -€45,691 | -48.0% |
| Financial income | 75/76B | €293 | €30 | -€263 | -89.8% |
| Recurring financial income | 75 | €293 | €30 | -€263 | -89.8% |
| Financial charges | 65/66B | €13,330 | €2,863 | -€10,467 | -78.5% |
| Recurring financial charges | 65 | €13,330 | €2,863 | -€10,467 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €82,136 | €46,649 | -€35,487 | -43.2% |
| Income taxes | 67/77 | €16,843 | €20,275 | +€3,432 | +20.4% |
| Profit (loss) for the period | 9904 | €65,293 | €26,374 | -€38,919 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,293 | €26,374 | -€38,919 | -59.6% |
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 10 October 2026 via checked.be.