GIO BOUW: 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.
GIO BOUW
Largest movements
- Receivables within one year +€62,209
up €62,209 (+51.8%), from €120,010 to €182,219
of which Other amounts receivable: +€56,597
- Tangible fixed assets +€18,940
up €18,940 (+77.3%), from €24,498 to €43,438
of which Leasing and similar rights: +€29,460
- Cash -€9,897
down €9,897 (-26.5%), from €37,299 to €27,402
mainly Receivables within one year (-€62,209) and Contributions, distributions and other (-€55,393)
- Trade debts +€65,447
up €65,447 (+129%), from €50,635 to €116,083
- Other debts +€55,393
new in 2025: €55,393
- Reserves -€52,266
down €52,266 (-33.9%), from €154,091 to €101,825
- Debts after one year +€18,947
up €18,947 (+192%), from €9,884 to €28,831
- Advances received -€10,000
down €10,000 (-100%), from €10,000 to €0
- Staff costs +€42,018
up €42,018 (+17.1%), from €245,084 to €287,101
- Gross operating margin +€31,632
up €31,632 (+10.6%), from €298,082 to €329,714
- Taxes -€6,683
down €6,683 (-65.5%), from €10,198 to €3,515
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 | €285,080 | €357,803 | +€72,723 | +25.5% |
| Fixed assets | 21/28 | €24,523 | €43,463 | +€18,940 | +77.2% |
| Tangible fixed assets | 22/27 | €24,498 | €43,438 | +€18,940 | +77.3% |
| Plant, machinery and equipment | 23 | €13,596 | €9,554 | -€4,042 | -29.7% |
| Furniture and vehicles | 24 | €10,902 | €4,424 | -€6,478 | -59.4% |
| Leasing and similar rights | 25 | €0 | €29,460 | +€29,460 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €260,557 | €314,340 | +€53,783 | +20.6% |
| Stocks and contracts in progress | 3 | €90,589 | €93,452 | +€2,863 | +3.2% |
| Stocks | 30/36 | €90,589 | €93,452 | +€2,863 | +3.2% |
| Amounts receivable within one year | 40/41 | €120,010 | €182,219 | +€62,209 | +51.8% |
| Trade receivables | 40 | €81,306 | €86,918 | +€5,612 | +6.9% |
| Other amounts receivable | 41 | €38,704 | €95,301 | +€56,597 | +146% |
| Cash at bank and in hand | 54/58 | €37,299 | €27,402 | -€9,897 | -26.5% |
| Deferred charges and accrued income | 490/1 | €12,658 | €11,266 | -€1,391 | -11.0% |
| Total equity and liabilities | 10/49 | €285,080 | €357,803 | +€72,723 | +25.5% |
| Equity | 10/15 | €179,091 | €126,825 | -€52,266 | -29.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €154,091 | €101,825 | -€52,266 | -33.9% |
| Distributable reserves | 133 | €154,091 | €101,825 | -€52,266 | -33.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €105,989 | €230,978 | +€124,989 | +118% |
| Amounts payable after more than one year | 17 | €9,884 | €28,831 | +€18,947 | +192% |
| Financial debts | 170/4 | €9,884 | €28,831 | +€18,947 | +192% |
| Amounts payable within one year | 42/48 | €95,305 | €202,147 | +€106,842 | +112% |
| Current portion of amounts payable after more than one year | 42 | €15,897 | €14,565 | -€1,332 | -8.4% |
| Trade debts | 44 | €50,635 | €116,083 | +€65,447 | +129% |
| Suppliers | 440/4 | €50,635 | €116,083 | +€65,447 | +129% |
| Advances received on contracts in progress | 46 | €10,000 | €0 | -€10,000 | -100% |
| Taxes, remuneration and social security | 45 | €18,773 | €16,107 | -€2,666 | -14.2% |
| Taxes | 450/3 | €5,605 | €3,585 | -€2,020 | -36.0% |
| Remuneration and social security | 454/9 | €13,168 | €12,522 | -€646 | -4.9% |
| Other amounts payable | 47/48 | - | €55,393 | +€55,393 | |
| Accrued charges and deferred income | 492/3 | €799 | €0 | -€799 | -100% |
| Remuneration, social security and pensions | 62 | €245,084 | €287,101 | +€42,018 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,932 | €19,945 | -€987 | -4.7% |
| Other operating charges | 640/8 | €3,874 | €4,571 | +€697 | +18.0% |
| Non-recurring operating charges | 66A | - | €5,500 | +€5,500 | |
| Gross operating margin | 9900 | €298,082 | €329,714 | +€31,632 | +10.6% |
| Operating profit (loss) | 9901 | €28,192 | €12,596 | -€15,596 | -55.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,404 | €5,954 | +€2,550 | +74.9% |
| Recurring financial charges | 65 | €3,404 | €5,954 | +€2,550 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €24,788 | €6,642 | -€18,146 | -73.2% |
| Income taxes | 67/77 | €10,198 | €3,515 | -€6,683 | -65.5% |
| Profit (loss) for the period | 9904 | €14,590 | €3,127 | -€11,463 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,590 | €3,127 | -€11,463 | -78.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.