GIK: what changed
Two fiscal 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.
GIK
Largest movements
- Receivables within one year -€78,912
down €78,912 (-69.9%), from €112,832 to €33,920
of which Other amounts receivable: -€45,458
- Stocks and contracts +€73,157
up €73,157 (+35.6%), from €205,514 to €278,671
- Cash -€69,672
down €69,672 (-82.5%), from €84,499 to €14,827
mainly Stocks and contracts (-€73,157) and Contributions, distributions and other (-€47,000)
- Tangible fixed assets -€16,433
down €16,433 (-9.3%), from €175,805 to €159,371
of which Land and buildings: -€12,362
- Tax, wage and social debts -€42,560
no longer reported in 2025 (was €42,560)
- Debts after one year +€34,858
new in 2025: €34,858
- Profit (loss) carried forward -€32,942
down €32,942 (-8.6%), from €384,690 to €351,748
- Other debts -€32,828
down €32,828 (-90.4%), from €36,298 to €3,470
- Trade debts -€18,887
down €18,887 (-18.9%), from €100,069 to €81,183
- Gross operating margin -€23,898
down €23,898 (-36.3%), from €65,878 to €41,980
- Taxes -€7,049
down €7,049 (-60.1%), from €11,735 to €4,686
- Financial income -€2,756
down €2,756 (-96.6%), from €2,852 to €96
- Other operating charges +€1,801
up €1,801 (+63.5%), from €2,838 to €4,639
- Depreciation -€1,374
down €1,374 (-7.7%), from €17,808 to €16,433
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 | €580,276 | €487,919 | -€92,358 | -15.9% |
| Fixed assets | 21/28 | €175,805 | €159,371 | -€16,433 | -9.3% |
| Tangible fixed assets | 22/27 | €175,805 | €159,371 | -€16,433 | -9.3% |
| Land and buildings | 22 | €171,734 | €159,371 | -€12,362 | -7.2% |
| Plant, machinery and equipment | 23 | €471 | - | -€471 | |
| Furniture and vehicles | 24 | €3,600 | - | -€3,600 | |
| Current assets | 29/58 | €404,471 | €328,547 | -€75,924 | -18.8% |
| Stocks and contracts in progress | 3 | €205,514 | €278,671 | +€73,157 | +35.6% |
| Stocks | 30/36 | €205,514 | €278,671 | +€73,157 | +35.6% |
| Amounts receivable within one year | 40/41 | €112,832 | €33,920 | -€78,912 | -69.9% |
| Trade receivables | 40 | €39,986 | €6,532 | -€33,454 | -83.7% |
| Other amounts receivable | 41 | €72,846 | €27,388 | -€45,458 | -62.4% |
| Cash at bank and in hand | 54/58 | €84,499 | €14,827 | -€69,672 | -82.5% |
| Deferred charges and accrued income | 490/1 | €1,626 | €1,129 | -€497 | -30.6% |
| Total equity and liabilities | 10/49 | €580,276 | €487,919 | -€92,358 | -15.9% |
| Equity | 10/15 | €398,950 | €366,008 | -€32,942 | -8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €384,690 | €351,748 | -€32,942 | -8.6% |
| Amounts payable | 17/49 | €181,327 | €121,911 | -€59,416 | -32.8% |
| Amounts payable after more than one year | 17 | - | €34,858 | +€34,858 | |
| Financial debts | 170/4 | - | €34,858 | +€34,858 | |
| Amounts payable within one year | 42/48 | €178,927 | €84,653 | -€94,274 | -52.7% |
| Trade debts | 44 | €100,069 | €81,183 | -€18,887 | -18.9% |
| Suppliers | 440/4 | €100,069 | €81,183 | -€18,887 | -18.9% |
| Taxes, remuneration and social security | 45 | €42,560 | - | -€42,560 | |
| Taxes | 450/3 | €42,560 | - | -€42,560 | |
| Other amounts payable | 47/48 | €36,298 | €3,470 | -€32,828 | -90.4% |
| Accrued charges and deferred income | 492/3 | €2,400 | €2,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,808 | €16,433 | -€1,374 | -7.7% |
| Other operating charges | 640/8 | €2,838 | €4,639 | +€1,801 | +63.5% |
| Gross operating margin | 9900 | €65,878 | €41,980 | -€23,898 | -36.3% |
| Operating profit (loss) | 9901 | €45,233 | €20,907 | -€24,325 | -53.8% |
| Financial income | 75/76B | €2,852 | €96 | -€2,756 | -96.6% |
| Recurring financial income | 75 | €2,852 | €96 | -€2,756 | -96.6% |
| Financial charges | 65/66B | €1,145 | €2,258 | +€1,113 | +97.2% |
| Recurring financial charges | 65 | €1,145 | €2,258 | +€1,113 | +97.2% |
| Profit (loss) for the period before taxes | 9903 | €46,939 | €18,745 | -€28,194 | -60.1% |
| Income taxes | 67/77 | €11,735 | €4,686 | -€7,049 | -60.1% |
| Profit (loss) for the period | 9904 | €35,204 | €14,058 | -€21,146 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,204 | €14,058 | -€21,146 | -60.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.