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
- Current investments +€111,986
up €111,986 (+63.3%), from €176,822 to €288,808
- Tangible fixed assets -€28,085
down €28,085 (-9.4%), from €298,662 to €270,577
of which Other tangible fixed assets: -€19,958
- Reserves +€96,641
up €96,641 (+14.9%), from €649,268 to €745,909
- Other debts -€22,721
down €22,721 (-21.6%), from €105,257 to €82,535
- Financial income +€11,741
up €11,741 (+362.2%), from €3,242 to €14,983
- Taxes +€5,268
up €5,268 (+13.4%), from €39,260 to €44,528
- Financial charges +€2,874
up €2,874 (+45.2%), from €6,360 to €9,234
- Gross operating margin +€2,307
up €2,307 (+1.4%), from €166,555 to €168,862
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 | €803,298 | €880,212 | +€76,914 | +9.6% |
| Fixed assets | 21/28 | €298,662 | €270,577 | -€28,085 | -9.4% |
| Tangible fixed assets | 22/27 | €298,662 | €270,577 | -€28,085 | -9.4% |
| Land and buildings | 22 | €77,893 | €77,565 | -€328 | -0.4% |
| Plant, machinery and equipment | 23 | €15,050 | €6,937 | -€8,114 | -53.9% |
| Furniture and vehicles | 24 | €1,448 | €1,762 | +€314 | +21.7% |
| Other tangible fixed assets | 26 | €204,271 | €184,314 | -€19,958 | -9.8% |
| Current assets | 29/58 | €504,636 | €609,634 | +€104,999 | +20.8% |
| Current investments | 50/53 | €176,822 | €288,808 | +€111,986 | +63.3% |
| Cash at bank and in hand | 54/58 | €325,951 | €318,951 | -€7,000 | -2.1% |
| Deferred charges and accrued income | 490/1 | €1,862 | €1,875 | +€13 | +0.7% |
| Total equity and liabilities | 10/49 | €803,298 | €880,212 | +€76,914 | +9.6% |
| Equity | 10/15 | €678,865 | €775,506 | +€96,641 | +14.2% |
| Contributions | 10/11 | €29,280 | €29,280 | = | 0.0% |
| Reserves | 13 | €649,268 | €745,909 | +€96,641 | +14.9% |
| Distributable reserves | 133 | €649,268 | €745,909 | +€96,641 | +14.9% |
| Profit (loss) carried forward | 14 | €317 | €317 | = | 0.0% |
| Amounts payable | 17/49 | €124,432 | €104,705 | -€19,727 | -15.9% |
| Amounts payable within one year | 42/48 | €119,420 | €98,178 | -€21,242 | -17.8% |
| Trade debts | 44 | €5,486 | €2,209 | -€3,277 | -59.7% |
| Suppliers | 440/4 | €5,486 | €2,209 | -€3,277 | -59.7% |
| Taxes, remuneration and social security | 45 | €8,677 | €13,434 | +€4,757 | +54.8% |
| Taxes | 450/3 | €5,277 | €6,034 | +€757 | +14.3% |
| Remuneration and social security | 454/9 | €3,400 | €7,400 | +€4,000 | +117.6% |
| Other amounts payable | 47/48 | €105,257 | €82,535 | -€22,721 | -21.6% |
| Accrued charges and deferred income | 492/3 | €5,012 | €6,527 | +€1,515 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,737 | €29,333 | -€1,404 | -4.6% |
| Other operating charges | 640/8 | €3,016 | €3,276 | +€259 | +8.6% |
| Gross operating margin | 9900 | €166,555 | €168,862 | +€2,307 | +1.4% |
| Operating profit (loss) | 9901 | €132,802 | €136,253 | +€3,452 | +2.6% |
| Financial income | 75/76B | €3,242 | €14,983 | +€11,741 | +362.2% |
| Recurring financial income | 75 | €3,242 | €14,983 | +€11,741 | +362.2% |
| Financial charges | 65/66B | €6,360 | €9,234 | +€2,874 | +45.2% |
| Recurring financial charges | 65 | €6,360 | €9,234 | +€2,874 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €129,684 | €142,002 | +€12,318 | +9.5% |
| Income taxes | 67/77 | €39,260 | €44,528 | +€5,268 | +13.4% |
| Profit (loss) for the period | 9904 | €90,424 | €97,474 | +€7,050 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,424 | €97,474 | +€7,050 | +7.8% |
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 1 October 2026 via checked.be.