GIKOU: what changed
Two financial 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.
GIKOU
Largest movements
- Tangible fixed assets +€25,526
up €25,526 (+1,154%), from €2,213 to €27,739
of which Furniture and vehicles: +€24,533
- Cash +€13,454
up €13,454 (+29.2%), from €46,112 to €59,566
mainly Debts after one year (+€20,584) and Current investments (+€10,000)
- Current investments -€10,000
down €10,000 (-12.5%), from €80,000 to €70,000
- Receivables within one year -€6,797
down €6,797 (-9.3%), from €73,031 to €66,234
of which Trade receivables: -€16,189
- Debts after one year +€20,584
new in 2025: €20,584
- Reserves +€9,814
up €9,814 (+6.3%), from €154,874 to €164,688
of which Distributable reserves: +€9,814
- Accrued charges and deferred income -€9,521
no longer reported in 2025 (was €9,521)
- Other debts -€6,000
no longer reported in 2025 (was €6,000)
- Current portion of long-term debt +€5,716
new in 2025: €5,716
- Gross operating margin -€49,073
down €49,073 (-49.1%), from €99,872 to €50,799
- Staff costs -€19,473
down €19,473 (-37.1%), from €52,443 to €32,970
- Taxes -€8,414
down €8,414 (-70.1%), from €12,010 to €3,595
- Depreciation +€2,836
up €2,836 (+70.3%), from €4,034 to €6,870
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.
Derived cash bridge
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 | €207,549 | €229,139 | +€21,589 | +10.4% |
| Fixed assets | 21/28 | €2,213 | €27,739 | +€25,526 | +1,154% |
| Tangible fixed assets | 22/27 | €2,213 | €27,739 | +€25,526 | +1,154% |
| Plant, machinery and equipment | 23 | €797 | €1,791 | +€993 | +125% |
| Furniture and vehicles | 24 | €1,415 | €25,948 | +€24,533 | +1,733% |
| Current assets | 29/58 | €205,336 | €201,400 | -€3,937 | -1.9% |
| Amounts receivable within one year | 40/41 | €73,031 | €66,234 | -€6,797 | -9.3% |
| Trade receivables | 40 | €19,575 | €3,386 | -€16,189 | -82.7% |
| Other amounts receivable | 41 | €53,456 | €62,848 | +€9,392 | +17.6% |
| Current investments | 50/53 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Cash at bank and in hand | 54/58 | €46,112 | €59,566 | +€13,454 | +29.2% |
| Deferred charges and accrued income | 490/1 | €6,194 | €5,599 | -€594 | -9.6% |
| Total equity and liabilities | 10/49 | €207,549 | €229,139 | +€21,589 | +10.4% |
| Equity | 10/15 | €173,474 | €183,288 | +€9,814 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €154,874 | €164,688 | +€9,814 | +6.3% |
| Tax-exempt reserves | 132 | €1,746 | €1,746 | = | 0.0% |
| Distributable reserves | 133 | €153,128 | €162,942 | +€9,814 | +6.4% |
| Amounts payable | 17/49 | €34,075 | €45,850 | +€11,775 | +34.6% |
| Amounts payable after more than one year | 17 | - | €20,584 | +€20,584 | |
| Financial debts | 170/4 | - | €20,584 | +€20,584 | |
| Amounts payable within one year | 42/48 | €24,554 | €25,266 | +€712 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,716 | +€5,716 | |
| Trade debts | 44 | €590 | €4,433 | +€3,842 | +651% |
| Suppliers | 440/4 | €590 | €4,433 | +€3,842 | +651% |
| Taxes, remuneration and social security | 45 | €17,964 | €15,118 | -€2,847 | -15.8% |
| Taxes | 450/3 | €14,372 | €13,088 | -€1,284 | -8.9% |
| Remuneration and social security | 454/9 | €3,592 | €2,030 | -€1,563 | -43.5% |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Accrued charges and deferred income | 492/3 | €9,521 | - | -€9,521 | |
| Remuneration, social security and pensions | 62 | €52,443 | €32,970 | -€19,473 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,034 | €6,870 | +€2,836 | +70.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €638 | - | -€638 | |
| Other operating charges | 640/8 | €390 | €528 | +€137 | +35.2% |
| Gross operating margin | 9900 | €99,872 | €50,799 | -€49,073 | -49.1% |
| Operating profit (loss) | 9901 | €42,366 | €10,431 | -€31,936 | -75.4% |
| Financial income | 75/76B | €4,565 | €4,017 | -€548 | -12.0% |
| Recurring financial income | 75 | €4,565 | €4,017 | -€548 | -12.0% |
| Financial charges | 65/66B | €182 | €1,038 | +€856 | +471% |
| Recurring financial charges | 65 | €182 | €1,038 | +€856 | +471% |
| Profit (loss) for the period before taxes | 9903 | €46,749 | €13,410 | -€33,340 | -71.3% |
| Income taxes | 67/77 | €12,010 | €3,595 | -€8,414 | -70.1% |
| Profit (loss) for the period | 9904 | €34,740 | €9,814 | -€24,926 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,740 | €9,814 | -€24,926 | -71.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.