Gika: 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.
Gika
Largest movements
- Receivables within one year +€266,376
up €266,376 (+311.2%), from €85,594 to €351,970
of which Other amounts receivable: +€263,366
- Tangible fixed assets -€125,488
down €125,488 (-14.0%), from €895,048 to €769,560
of which Land and buildings: -€89,207
- Receivables after one year +€80,000
up €80,000 (+8.0%), from €1.0m to €1.1m
- Cash -€46,083
down €46,083 (-22.9%), from €201,494 to €155,411
mainly Receivables within one year (-€266,376) and Receivables after one year (-€80,000)
- Reserves +€138,418
up €138,418 (+8.9%), from €1.6m to €1.7m
of which Distributable reserves: +€138,418
- Staff costs +€25,166
up €25,166 (+111.3%), from €22,617 to €47,783
- Taxes +€12,260
up €12,260 (+20.4%), from €60,033 to €72,294
- Financial income +€12,147
up €12,147 (+44.6%), from €27,219 to €39,366
- Depreciation -€5,820
down €5,820 (-4.4%), from €131,309 to €125,488
- Gross operating margin +€5,433
up €5,433 (+1.4%), from €384,285 to €389,718
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 | €2,204,615 | €2,359,420 | +€154,805 | +7.0% |
| Fixed assets | 21/28 | €917,527 | €772,039 | -€145,488 | -15.9% |
| Tangible fixed assets | 22/27 | €895,048 | €769,560 | -€125,488 | -14.0% |
| Land and buildings | 22 | €785,926 | €696,718 | -€89,207 | -11.4% |
| Plant, machinery and equipment | 23 | €91,436 | €68,577 | -€22,859 | -25.0% |
| Furniture and vehicles | 24 | €17,687 | €4,265 | -€13,422 | -75.9% |
| Financial fixed assets | 28 | €22,479 | €2,479 | -€20,000 | -89.0% |
| Current assets | 29/58 | €1,287,088 | €1,587,381 | +€300,293 | +23.3% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,080,000 | +€80,000 | +8.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,080,000 | +€80,000 | +8.0% |
| Amounts receivable within one year | 40/41 | €85,594 | €351,970 | +€266,376 | +311.2% |
| Trade receivables | 40 | €24,378 | €27,388 | +€3,010 | +12.3% |
| Other amounts receivable | 41 | €61,216 | €324,582 | +€263,366 | +430.2% |
| Cash at bank and in hand | 54/58 | €201,494 | €155,411 | -€46,083 | -22.9% |
| Total equity and liabilities | 10/49 | €2,204,615 | €2,359,420 | +€154,805 | +7.0% |
| Equity | 10/15 | €1,623,474 | €1,761,891 | +€138,418 | +8.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,561,474 | €1,699,891 | +€138,418 | +8.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €217,837 | €217,837 | = | 0.0% |
| Distributable reserves | 133 | €1,337,436 | €1,475,854 | +€138,418 | +10.3% |
| Provisions and deferred taxes | 16 | €59,823 | €59,823 | = | 0.0% |
| Deferred taxes | 168 | €59,823 | €59,823 | = | 0.0% |
| Amounts payable | 17/49 | €521,318 | €537,705 | +€16,387 | +3.1% |
| Amounts payable within one year | 42/48 | €521,318 | €537,705 | +€16,387 | +3.1% |
| Trade debts | 44 | €17,067 | €3,939 | -€13,128 | -76.9% |
| Suppliers | 440/4 | €17,067 | €3,939 | -€13,128 | -76.9% |
| Taxes, remuneration and social security | 45 | €27,625 | €42,721 | +€15,096 | +54.6% |
| Taxes | 450/3 | €25,075 | €37,294 | +€12,219 | +48.7% |
| Remuneration and social security | 454/9 | €2,550 | €5,427 | +€2,877 | +112.8% |
| Other amounts payable | 47/48 | €476,626 | €491,045 | +€14,419 | +3.0% |
| Non-recurring operating income | 76A | €15,075 | €0 | -€15,075 | -100.0% |
| Remuneration, social security and pensions | 62 | €22,617 | €47,783 | +€25,166 | +111.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,309 | €125,488 | -€5,820 | -4.4% |
| Other operating charges | 640/8 | €17,107 | €12,750 | -€4,357 | -25.5% |
| Gross operating margin | 9900 | €384,285 | €389,718 | +€5,433 | +1.4% |
| Operating profit (loss) | 9901 | €213,252 | €203,697 | -€9,556 | -4.5% |
| Financial income | 75/76B | €27,219 | €39,366 | +€12,147 | +44.6% |
| Recurring financial income | 75 | €27,219 | €39,366 | +€12,147 | +44.6% |
| Financial charges | 65/66B | €27,825 | €32,351 | +€4,526 | +16.3% |
| Recurring financial charges | 65 | €27,825 | €32,351 | +€4,526 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €212,646 | €210,711 | -€1,935 | -0.9% |
| Income taxes | 67/77 | €60,033 | €72,294 | +€12,260 | +20.4% |
| Profit (loss) for the period | 9904 | €152,613 | €138,418 | -€14,195 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €152,613 | €138,418 | -€14,195 | -9.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.