GIO F.: 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 F.
Largest movements
- Tangible fixed assets +€111,088
new in 2025: €111,088
- Financial fixed assets +€63,000
up €63,000 (+240%), from €26,300 to €89,300
- Receivables within one year -€49,647
down €49,647 (-86.2%), from €57,620 to €7,974
of which Other amounts receivable: -€50,541
- Deferred charges and accrued income +€17,562
up €17,562, from €0 to €17,562
- Debts after one year +€73,357
new in 2025: €73,357
- Reserves +€40,000
up €40,000 (+45.6%), from €87,814 to €127,814
of which Distributable reserves: +€40,000
- Current portion of long-term debt +€18,939
new in 2025: €18,939
- Advances received +€11,075
new in 2025: €11,075
- Gross operating margin +€21,839
up €21,839 (+34.6%), from €63,114 to €84,953
- Depreciation +€10,274
up €10,274, from €0 to €10,274
- Financial charges +€1,989
up €1,989 (+678%), from €293 to €2,283
- Financial income -€988
down €988 (-25.0%), from €3,953 to €2,965
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 | €154,338 | €297,910 | +€143,572 | +93.0% |
| Fixed assets | 21/28 | €26,300 | €200,388 | +€174,088 | +662% |
| Tangible fixed assets | 22/27 | - | €111,088 | +€111,088 | |
| Furniture and vehicles | 24 | - | €111,088 | +€111,088 | |
| Financial fixed assets | 28 | €26,300 | €89,300 | +€63,000 | +240% |
| Current assets | 29/58 | €128,038 | €97,522 | -€30,516 | -23.8% |
| Amounts receivable within one year | 40/41 | €57,620 | €7,974 | -€49,647 | -86.2% |
| Trade receivables | 40 | €1,868 | €2,762 | +€894 | +47.9% |
| Other amounts receivable | 41 | €55,752 | €5,212 | -€50,541 | -90.7% |
| Cash at bank and in hand | 54/58 | €70,417 | €71,986 | +€1,568 | +2.2% |
| Deferred charges and accrued income | 490/1 | €0 | €17,562 | +€17,562 | |
| Total equity and liabilities | 10/49 | €154,338 | €297,910 | +€143,572 | +93.0% |
| Equity | 10/15 | €118,561 | €160,200 | +€41,640 | +35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,814 | €127,814 | +€40,000 | +45.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,954 | €125,954 | +€40,000 | +46.5% |
| Profit (loss) carried forward | 14 | €12,147 | €13,786 | +€1,640 | +13.5% |
| Amounts payable | 17/49 | €35,777 | €137,710 | +€101,933 | +285% |
| Amounts payable after more than one year | 17 | - | €73,357 | +€73,357 | |
| Financial debts | 170/4 | - | €73,357 | +€73,357 | |
| Amounts payable within one year | 42/48 | €32,871 | €63,538 | +€30,667 | +93.3% |
| Current portion of amounts payable after more than one year | 42 | - | €18,939 | +€18,939 | |
| Trade debts | 44 | €159 | €1,768 | +€1,609 | +1,012% |
| Suppliers | 440/4 | €159 | €1,768 | +€1,609 | +1,012% |
| Advances received on contracts in progress | 46 | - | €11,075 | +€11,075 | |
| Taxes, remuneration and social security | 45 | €26,019 | €24,883 | -€1,137 | -4.4% |
| Taxes | 450/3 | €26,019 | €24,883 | -€1,137 | -4.4% |
| Other amounts payable | 47/48 | €6,693 | €6,874 | +€181 | +2.7% |
| Accrued charges and deferred income | 492/3 | €2,906 | €815 | -€2,091 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €10,274 | +€10,274 | |
| Other operating charges | 640/8 | €505 | €1,280 | +€774 | +153% |
| Non-recurring operating charges | 66A | - | €7,501 | +€7,501 | |
| Gross operating margin | 9900 | €63,114 | €84,953 | +€21,839 | +34.6% |
| Operating profit (loss) | 9901 | €62,609 | €65,899 | +€3,290 | +5.3% |
| Financial income | 75/76B | €3,953 | €2,965 | -€988 | -25.0% |
| Recurring financial income | 75 | €3,953 | €2,965 | -€988 | -25.0% |
| Financial charges | 65/66B | €293 | €2,283 | +€1,989 | +678% |
| Recurring financial charges | 65 | €293 | €2,283 | +€1,989 | +678% |
| Profit (loss) for the period before taxes | 9903 | €66,268 | €66,581 | +€313 | +0.5% |
| Income taxes | 67/77 | €24,426 | €24,941 | +€516 | +2.1% |
| Profit (loss) for the period | 9904 | €41,843 | €41,640 | -€203 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,843 | €41,640 | -€203 | -0.5% |
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 20 October 2026 via checked.be.