GiK Projects: 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 Projects
Largest movements
- Cash -€32,151
down €32,151 (-52.0%), from €61,868 to €29,717
mainly Contributions, distributions and other (-€37,402) and Other debts (-€17,227)
- Receivables within one year +€1,221
up €1,221 (+10.2%), from €11,988 to €13,209
of which Other amounts receivable: +€625
- Tangible fixed assets +€966
up €966 (+50.8%), from €1,903 to €2,869
of which Furniture and vehicles: +€1,243
- Other debts -€17,227
down €17,227 (-34.8%), from €49,474 to €32,246
- Tax, wage and social debts -€15,738
down €15,738 (-64.9%), from €24,241 to €8,503
- Current portion of long-term debt +€2,692
new in 2025: €2,692
- Gross operating margin +€8,749
up €8,749 (+20.1%), from €43,569 to €52,318
- Taxes +€1,938
up €1,938 (+23.0%), from €8,437 to €10,375
- Depreciation -€647
down €647 (-45.0%), from €1,437 to €790
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 | €76,817 | €46,443 | -€30,374 | -39.5% |
| Fixed assets | 21/28 | €1,903 | €2,869 | +€966 | +50.8% |
| Tangible fixed assets | 22/27 | €1,903 | €2,869 | +€966 | +50.8% |
| Plant, machinery and equipment | 23 | €1,175 | €898 | -€277 | -23.6% |
| Furniture and vehicles | 24 | €728 | €1,971 | +€1,243 | +170.8% |
| Current assets | 29/58 | €74,914 | €43,573 | -€31,340 | -41.8% |
| Amounts receivable within one year | 40/41 | €11,988 | €13,209 | +€1,221 | +10.2% |
| Trade receivables | 40 | €11,988 | €12,584 | +€596 | +5.0% |
| Other amounts receivable | 41 | - | €625 | +€625 | |
| Cash at bank and in hand | 54/58 | €61,868 | €29,717 | -€32,151 | -52.0% |
| Deferred charges and accrued income | 490/1 | €1,058 | €647 | -€411 | -38.8% |
| Total equity and liabilities | 10/49 | €76,817 | €46,443 | -€30,374 | -39.5% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,817 | €44,443 | -€30,374 | -40.6% |
| Amounts payable within one year | 42/48 | €74,817 | €44,443 | -€30,374 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,692 | +€2,692 | |
| Trade debts | 44 | €1,102 | €1,001 | -€101 | -9.2% |
| Suppliers | 440/4 | €1,102 | €1,001 | -€101 | -9.2% |
| Taxes, remuneration and social security | 45 | €24,241 | €8,503 | -€15,738 | -64.9% |
| Taxes | 450/3 | €24,241 | €8,503 | -€15,738 | -64.9% |
| Other amounts payable | 47/48 | €49,474 | €32,246 | -€17,227 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,437 | €790 | -€647 | -45.0% |
| Other operating charges | 640/8 | €775 | €1,027 | +€252 | +32.5% |
| Non-recurring operating charges | 66A | €1,855 | €0 | -€1,855 | -100.0% |
| Gross operating margin | 9900 | €43,569 | €52,318 | +€8,749 | +20.1% |
| Operating profit (loss) | 9901 | €39,502 | €50,501 | +€10,999 | +27.8% |
| Financial income | 75/76B | €105 | €1 | -€104 | -99.3% |
| Recurring financial income | 75 | €105 | €1 | -€104 | -99.3% |
| Financial charges | 65/66B | €2,536 | €2,726 | +€189 | +7.5% |
| Recurring financial charges | 65 | €2,536 | €2,726 | +€189 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €37,071 | €47,777 | +€10,705 | +28.9% |
| Income taxes | 67/77 | €8,437 | €10,375 | +€1,938 | +23.0% |
| Profit (loss) for the period | 9904 | €28,635 | €37,402 | +€8,767 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,635 | €37,402 | +€8,767 | +30.6% |
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 3 October 2026 via checked.be.