GIKINVEST: what changed
What changed
GIKINVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · €3.4m-€923,183
Equity
€19.4m
2024 · €16.9m+€2.5m
Cash
€1.4m
2024 · €754,639+€658,475
Balance sheet total
€28.4m
2024 · €27.4m+€984,815
Largest movements
Assets
- Cash +€658,475
up €658,475 (+87.3%), from €754,639 to €1.4m
mainly Net result for the year (+€2.5m) and Current portion of long-term debt (+€187,091)
- Receivables within one year +€409,347
up €409,347 (+21.5%), from €1.9m to €2.3m
of which Other amounts receivable: +€238,436
Equity and liabilities
- Reserves +€2.5m
up €2.5m (+17.3%), from €14.6m to €17.1m
- Debts after one year -€1.7m
down €1.7m (-18.8%), from €9.0m to €7.3m
of which Financial debts: -€1.0m
Income statement
- Financial income -€999,161
down €999,161 (-38.4%), from €2.6m to €1.6m
- Turnover +€207,326
up €207,326 (+9.7%), from €2.1m to €2.4m
- Financial charges +€63,015
up €63,015 (+20.8%), from €303,644 to €366,659
- Other operating income +€48,710
up €48,710 (+50.7%), from €96,145 to €144,855
- Taxes +€48,025
up €48,025 (+16.8%), from €286,305 to €334,330
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3.4m
Turnover
+€207,326
Other operating income
+€48,710
Goods and materials
-€21,791
Services and other goods
-€1,500
Staff costs
-€26,051
Depreciation
-€23,450
Other operating charges
-€1,113
Other operating items
+€4,887
Financial income
-€999,161
Financial charges
-€63,015
Taxes
-€48,025
Result 2025
€2.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.3m
Investment
-€99,848
Financing
-€1.5m
Cash 2024
€754,639
From operations (derived)
+€2.3m
Net result for the year
+€2.5m
Depreciation
+€182,174
Receivables within one year
-€409,347
Smaller working-capital items
-€1,468
Tax, wage and social debts
+€97,074
Other debts
-€119,611
Investment (derived)
-€99,848
Investment in fixed assets (net)
-€99,848
Financing
-€1.5m
Debts after one year
-€1.7m
Current portion of long-term debt
+€187,091
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,394,679 | €28,379,493 | +€984,815 | +3.6% |
| Fixed assets | 21/28 | €24,728,363 | €24,646,037 | -€82,325 | -0.3% |
| Tangible fixed assets | 22/27 | €963,421 | €881,095 | -€82,325 | -8.5% |
| Land and buildings | 22 | €648,460 | €605,714 | -€42,746 | -6.6% |
| Furniture and vehicles | 24 | €314,961 | €275,382 | -€39,579 | -12.6% |
| Financial fixed assets | 28 | €23,764,942 | €23,764,942 | = | 0.0% |
| Affiliated companies | 280/1 | €23,764,942 | €23,764,942 | = | 0.0% |
| Participating interests | 280 | €23,764,942 | €23,764,942 | = | 0.0% |
| Current assets | 29/58 | €2,666,316 | €3,733,456 | +€1.1m | +40.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,902,130 | €2,311,477 | +€409,347 | +21.5% |
| Trade receivables | 40 | €1,060,092 | €1,231,002 | +€170,911 | +16.1% |
| Other amounts receivable | 41 | €842,039 | €1,080,475 | +€238,436 | +28.3% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €754,639 | €1,413,114 | +€658,475 | +87.3% |
| Deferred charges and accrued income | 490/1 | €9,547 | €8,864 | -€682 | -7.1% |
| Total equity and liabilities | 10/49 | €27,394,679 | €28,379,493 | +€984,815 | +3.6% |
| Equity | 10/15 | €16,883,500 | €19,406,183 | +€2.5m | +14.9% |
| Contributions | 10/11 | €2,319,123 | €2,319,123 | = | 0.0% |
| Reserves | 13 | €14,564,377 | €17,087,060 | +€2.5m | +17.3% |
| Distributable reserves | 133 | €14,564,377 | €17,087,060 | +€2.5m | +17.3% |
| Amounts payable | 17/49 | €10,511,179 | €8,973,311 | -€1.5m | -14.6% |
| Amounts payable after more than one year | 17 | €9,035,539 | €7,335,266 | -€1.7m | -18.8% |
| Financial debts | 170/4 | €7,835,539 | €6,785,762 | -€1.0m | -13.4% |
| Credit institutions | 173 | €7,835,539 | €6,785,762 | -€1.0m | -13.4% |
| Other amounts payable | 178/9 | €1,200,000 | €549,504 | -€650,496 | -54.2% |
| Amounts payable within one year | 42/48 | €1,473,730 | €1,637,254 | +€163,523 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €862,685 | €1,049,777 | +€187,091 | +21.7% |
| Trade debts | 44 | €20,833 | €19,802 | -€1,030 | -4.9% |
| Suppliers | 440/4 | €20,833 | €19,802 | -€1,030 | -4.9% |
| Taxes, remuneration and social security | 45 | €383,461 | €480,535 | +€97,074 | +25.3% |
| Taxes | 450/3 | €330,795 | €423,146 | +€92,352 | +27.9% |
| Remuneration and social security | 454/9 | €52,667 | €57,389 | +€4,722 | +9.0% |
| Other amounts payable | 47/48 | €206,751 | €87,140 | -€119,611 | -57.9% |
| Accrued charges and deferred income | 492/3 | €1,910 | €791 | -€1,120 | -58.6% |
| Operating income | 70/76A | €2,240,604 | €2,501,527 | +€260,923 | +11.6% |
| Turnover | 70 | €2,144,459 | €2,351,785 | +€207,326 | +9.7% |
| Other operating income | 74 | €96,145 | €144,855 | +€48,710 | +50.7% |
| Non-recurring operating income | 76A | - | €4,887 | +€4,887 | |
| Operating charges | 60/66A | €808,277 | €882,181 | +€73,904 | +9.1% |
| Goods for resale, raw materials and consumables | 60 | €94,610 | €116,400 | +€21,791 | +23.0% |
| Purchases | 600/8 | €94,610 | €116,400 | +€21,791 | +23.0% |
| Services and other goods | 61 | €230,906 | €232,405 | +€1,500 | +0.6% |
| Remuneration, social security and pensions | 62 | €303,092 | €329,143 | +€26,051 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,724 | €182,174 | +€23,450 | +14.8% |
| Other operating charges | 640/8 | €20,945 | €22,059 | +€1,113 | +5.3% |
| Operating profit (loss) | 9901 | €1,432,327 | €1,619,346 | +€187,019 | +13.1% |
| Financial income | 75/76B | €2,603,488 | €1,604,327 | -€999,161 | -38.4% |
| Recurring financial income | 75 | €2,603,488 | €1,604,327 | -€999,161 | -38.4% |
| Income from financial fixed assets | 750 | €2,595,209 | €1,583,207 | -€1.0m | -39.0% |
| Income from current assets | 751 | €313 | €3,662 | +€3,350 | +1,072% |
| Other financial income | 752/9 | €7,966 | €17,458 | +€9,492 | +119% |
| Financial charges | 65/66B | €303,644 | €366,659 | +€63,015 | +20.8% |
| Recurring financial charges | 65 | €303,644 | €366,659 | +€63,015 | +20.8% |
| Debt charges | 650 | €330,309 | €365,180 | +€34,871 | +10.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€38,654 | €0 | +€38,654 | |
| Other financial charges | 652/9 | €11,989 | €1,480 | -€10,510 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €3,732,171 | €2,857,013 | -€875,157 | -23.4% |
| Income taxes | 67/77 | €286,305 | €334,330 | +€48,025 | +16.8% |
| Taxes | 670/3 | €286,305 | €334,330 | +€48,025 | +16.8% |
| Profit (loss) for the period | 9904 | €3,445,866 | €2,522,683 | -€923,183 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,445,866 | €2,522,683 | -€923,183 | -26.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.