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
- Tangible fixed assets -€74,259
down €74,259 (-9.1%), from €817,058 to €742,800
- Cash -€36,428
down €36,428 (-22.0%), from €165,557 to €129,129
mainly Contributions, distributions and other (-€101,589) and Debts after one year (-€84,193)
- Receivables within one year -€12,073
down €12,073 (-21.2%), from €56,922 to €44,848
of which Trade receivables: -€18,236
- Debts after one year -€84,193
down €84,193 (-13.7%), from €612,454 to €528,261
- Reserves -€45,643
down €45,643 (-19.4%), from €235,365 to €189,722
- Tax, wage and social debts +€13,502
up €13,502 (+63.4%), from €21,282 to €34,784
of which Taxes: +€14,029
- Gross operating margin +€32,171
up €32,171 (+15.8%), from €203,191 to €235,363
- Taxes +€9,387
up €9,387 (+61.9%), from €15,168 to €24,555
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 | €1,041,643 | €919,459 | -€122,184 | -11.7% |
| Fixed assets | 21/28 | €817,058 | €742,800 | -€74,259 | -9.1% |
| Tangible fixed assets | 22/27 | €817,058 | €742,800 | -€74,259 | -9.1% |
| Land and buildings | 22 | €633,798 | €603,621 | -€30,177 | -4.8% |
| Plant, machinery and equipment | 23 | €25,832 | €14,323 | -€11,509 | -44.6% |
| Furniture and vehicles | 24 | €40,004 | €18,106 | -€21,898 | -54.7% |
| Leasing and similar rights | 25 | €117,425 | €106,750 | -€10,675 | -9.1% |
| Current assets | 29/58 | €224,585 | €176,660 | -€47,925 | -21.3% |
| Amounts receivable within one year | 40/41 | €56,922 | €44,848 | -€12,073 | -21.2% |
| Trade receivables | 40 | €50,097 | €31,861 | -€18,236 | -36.4% |
| Other amounts receivable | 41 | €6,824 | €12,987 | +€6,163 | +90.3% |
| Cash at bank and in hand | 54/58 | €165,557 | €129,129 | -€36,428 | -22.0% |
| Deferred charges and accrued income | 490/1 | €2,107 | €2,682 | +€576 | +27.3% |
| Total equity and liabilities | 10/49 | €1,041,643 | €919,459 | -€122,184 | -11.7% |
| Equity | 10/15 | €301,734 | €256,091 | -€45,643 | -15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235,365 | €189,722 | -€45,643 | -19.4% |
| Distributable reserves | 133 | €235,365 | €189,722 | -€45,643 | -19.4% |
| Profit (loss) carried forward | 14 | €47,769 | €47,769 | = | 0.0% |
| Amounts payable | 17/49 | €739,909 | €663,369 | -€76,541 | -10.3% |
| Amounts payable after more than one year | 17 | €612,454 | €528,261 | -€84,193 | -13.7% |
| Financial debts | 170/4 | €612,454 | €528,261 | -€84,193 | -13.7% |
| Amounts payable within one year | 42/48 | €125,907 | €131,434 | +€5,527 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €88,940 | €84,193 | -€4,747 | -5.3% |
| Financial debts | 43 | €3,419 | €3,409 | -€11 | -0.3% |
| Credit institutions | 430/8 | €3,419 | €3,409 | -€11 | -0.3% |
| Trade debts | 44 | €8,666 | €5,449 | -€3,217 | -37.1% |
| Suppliers | 440/4 | €8,666 | €5,449 | -€3,217 | -37.1% |
| Taxes, remuneration and social security | 45 | €21,282 | €34,784 | +€13,502 | +63.4% |
| Taxes | 450/3 | €15,890 | €29,920 | +€14,029 | +88.3% |
| Remuneration and social security | 454/9 | €5,392 | €4,864 | -€528 | -9.8% |
| Other amounts payable | 47/48 | €3,600 | €3,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,548 | €3,673 | +€2,125 | +137.2% |
| Remuneration, social security and pensions | 62 | €37,516 | €39,574 | +€2,058 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,619 | €92,619 | +€2,000 | +2.2% |
| Other operating charges | 640/8 | €11,758 | €12,502 | +€744 | +6.3% |
| Gross operating margin | 9900 | €203,191 | €235,363 | +€32,171 | +15.8% |
| Operating profit (loss) | 9901 | €63,299 | €90,667 | +€27,369 | +43.2% |
| Financial income | 75/76B | €302 | €539 | +€237 | +78.4% |
| Recurring financial income | 75 | €302 | €539 | +€237 | +78.4% |
| Financial charges | 65/66B | €12,755 | €10,706 | -€2,049 | -16.1% |
| Recurring financial charges | 65 | €12,755 | €10,706 | -€2,049 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €50,846 | €80,500 | +€29,655 | +58.3% |
| Income taxes | 67/77 | €15,168 | €24,555 | +€9,387 | +61.9% |
| Profit (loss) for the period | 9904 | €35,678 | €55,945 | +€20,268 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,678 | €55,945 | +€20,268 | +56.8% |
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 6 October 2026 via checked.be.