GIKS MODE: 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.
GIKS MODE
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+29.9%), from €3.6m to €4.7m
- Receivables within one year -€130,181
down €130,181 (-7.4%), from €1.8m to €1.6m
of which Other amounts receivable: -€146,852
- Debts after one year +€455,632
up €455,632 (+12.8%), from €3.6m to €4.0m
- Trade debts +€416,958
up €416,958 (+1581.0%), from €26,373 to €443,331
- Financial charges +€64,129
up €64,129 (+94.6%), from €67,758 to €131,887
- Financial income +€38,467
up €38,467 (+449.1%), from €8,565 to €47,032
- Gross operating margin +€28,519
up €28,519 (+11.8%), from €242,695 to €271,214
- Depreciation +€7,125
up €7,125 (+4.0%), from €176,053 to €183,178
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,366,327 | €6,300,685 | +€934,358 | +17.4% |
| Fixed assets | 21/28 | €3,591,436 | €4,666,482 | +€1.1m | +29.9% |
| Tangible fixed assets | 22/27 | €3,591,436 | €4,666,482 | +€1.1m | +29.9% |
| Land and buildings | 22 | €3,591,436 | €4,666,482 | +€1.1m | +29.9% |
| Current assets | 29/58 | €1,774,891 | €1,634,204 | -€140,687 | -7.9% |
| Amounts receivable within one year | 40/41 | €1,762,561 | €1,632,381 | -€130,181 | -7.4% |
| Trade receivables | 40 | €3,328 | €20,000 | +€16,672 | +500.9% |
| Other amounts receivable | 41 | €1,759,233 | €1,612,381 | -€146,852 | -8.3% |
| Cash at bank and in hand | 54/58 | €3,018 | €2 | -€3,016 | -99.9% |
| Deferred charges and accrued income | 490/1 | €9,312 | €1,821 | -€7,491 | -80.4% |
| Total equity and liabilities | 10/49 | €5,366,327 | €6,300,685 | +€934,358 | +17.4% |
| Equity | 10/15 | €1,292,765 | €1,295,717 | +€2,952 | +0.2% |
| Contributions | 10/11 | €329,444 | €329,444 | = | 0.0% |
| Capital | 10 | €329,444 | €329,444 | = | 0.0% |
| Issued capital | 100 | €329,444 | €329,444 | = | 0.0% |
| Reserves | 13 | €434,946 | €432,253 | -€2,693 | -0.6% |
| Non-distributable reserves | 130/1 | €32,944 | €32,944 | = | 0.0% |
| Legal reserve | 130 | €32,944 | €32,944 | = | 0.0% |
| Tax-exempt reserves | 132 | €402,002 | €399,309 | -€2,693 | -0.7% |
| Profit (loss) carried forward | 14 | €528,375 | €534,019 | +€5,645 | +1.1% |
| Provisions and deferred taxes | 16 | €133,700 | €132,803 | -€898 | -0.7% |
| Deferred taxes | 168 | €133,700 | €132,803 | -€898 | -0.7% |
| Amounts payable | 17/49 | €3,939,862 | €4,872,166 | +€932,304 | +23.7% |
| Amounts payable after more than one year | 17 | €3,561,838 | €4,017,471 | +€455,632 | +12.8% |
| Financial debts | 170/4 | €3,561,838 | €4,017,471 | +€455,632 | +12.8% |
| Amounts payable within one year | 42/48 | €374,750 | €851,345 | +€476,595 | +127.2% |
| Current portion of amounts payable after more than one year | 42 | €348,378 | €408,014 | +€59,637 | +17.1% |
| Trade debts | 44 | €26,373 | €443,331 | +€416,958 | +1581.0% |
| Suppliers | 440/4 | €26,373 | €443,331 | +€416,958 | +1581.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €3,273 | €3,350 | +€77 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,053 | €183,178 | +€7,125 | +4.0% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €242,695 | €271,214 | +€28,519 | +11.8% |
| Operating profit (loss) | 9901 | €65,549 | €86,910 | +€21,361 | +32.6% |
| Financial income | 75/76B | €8,565 | €47,032 | +€38,467 | +449.1% |
| Recurring financial income | 75 | €8,565 | €47,032 | +€38,467 | +449.1% |
| Financial charges | 65/66B | €67,758 | €131,887 | +€64,129 | +94.6% |
| Recurring financial charges | 65 | €67,758 | €131,887 | +€64,129 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €6,355 | €2,054 | -€4,301 | -67.7% |
| Transfer from deferred taxes | 780 | €237 | €898 | +€660 | +278.2% |
| Profit (loss) for the period | 9904 | €6,593 | €2,952 | -€3,641 | -55.2% |
| Transfer from tax-exempt reserves | 789 | €712 | €2,693 | +€1,981 | +278.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,305 | €5,645 | -€1,660 | -22.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.