Gio's: 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's
Largest movements
- Receivables within one year +€234,508
up €234,508 (+223.1%), from €105,125 to €339,632
of which Other amounts receivable: +€172,084
- Cash +€30,020
up €30,020 (+468.1%), from €6,412 to €36,432
mainly Trade debts (+€120,139) and Net result for the year (+€56,359)
- Tangible fixed assets -€10,477
down €10,477 (-9.2%), from €114,046 to €103,569
of which Land and buildings: -€16,280
- Stocks and contracts -€8,950
down €8,950 (-41.6%), from €21,500 to €12,550
- Trade debts +€120,139
up €120,139 (+77.4%), from €155,128 to €275,266
- Tax, wage and social debts +€45,816
up €45,816 (+104.6%), from €43,799 to €89,615
of which Taxes: +€31,009
- Profit (loss) carried forward +€39,568
up €39,568, from -€39,568 to €0
- Reserves +€16,791
up €16,791 (+41.3%), from €40,645 to €57,436
of which Distributable reserves: +€16,791
- Current portion of long-term debt +€13,919
up €13,919 (+42.8%), from €32,508 to €46,427
- Gross operating margin +€117,386
up €117,386 (+117.3%), from €100,077 to €217,463
- Staff costs +€30,133
up €30,133 (+55.9%), from €53,870 to €84,004
- Depreciation +€14,127
up €14,127 (+47.0%), from €30,035 to €44,162
- Financial charges +€12,553
up €12,553 (+405.3%), from €3,097 to €15,651
- Taxes +€7,216
up €7,216 (+5171.9%), from €140 to €7,355
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.
Cash bridge derived
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 | €255,193 | €497,015 | +€241,822 | +94.8% |
| Fixed assets | 21/28 | €118,096 | €107,619 | -€10,477 | -8.9% |
| Tangible fixed assets | 22/27 | €114,046 | €103,569 | -€10,477 | -9.2% |
| Land and buildings | 22 | €37,483 | €21,203 | -€16,280 | -43.4% |
| Plant, machinery and equipment | 23 | €71,291 | €75,398 | +€4,106 | +5.8% |
| Furniture and vehicles | 24 | €5,271 | €6,968 | +€1,697 | +32.2% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €137,097 | €389,396 | +€252,299 | +184.0% |
| Stocks and contracts in progress | 3 | €21,500 | €12,550 | -€8,950 | -41.6% |
| Stocks | 30/36 | €21,500 | €12,550 | -€8,950 | -41.6% |
| Amounts receivable within one year | 40/41 | €105,125 | €339,632 | +€234,508 | +223.1% |
| Trade receivables | 40 | €47,421 | €109,845 | +€62,424 | +131.6% |
| Other amounts receivable | 41 | €57,704 | €229,787 | +€172,084 | +298.2% |
| Cash at bank and in hand | 54/58 | €6,412 | €36,432 | +€30,020 | +468.1% |
| Deferred charges and accrued income | 490/1 | €4,059 | €782 | -€3,278 | -80.7% |
| Total equity and liabilities | 10/49 | €255,193 | €497,015 | +€241,822 | +94.8% |
| Equity | 10/15 | €19,677 | €76,036 | +€56,359 | +286.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,645 | €57,436 | +€16,791 | +41.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €40,645 | €57,436 | +€16,791 | +41.3% |
| Profit (loss) carried forward | 14 | -€39,568 | €0 | +€39,568 | |
| Amounts payable | 17/49 | €235,516 | €420,979 | +€185,464 | +78.7% |
| Amounts payable after more than one year | 17 | €2,072 | €617 | -€1,455 | -70.2% |
| Financial debts | 170/4 | €2,072 | €617 | -€1,455 | -70.2% |
| Amounts payable within one year | 42/48 | €233,389 | €413,827 | +€180,438 | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €32,508 | €46,427 | +€13,919 | +42.8% |
| Financial debts | 43 | €1,954 | €2,519 | +€565 | +28.9% |
| Credit institutions | 430/8 | €1,954 | €2,519 | +€565 | +28.9% |
| Trade debts | 44 | €155,128 | €275,266 | +€120,139 | +77.4% |
| Suppliers | 440/4 | €155,128 | €275,266 | +€120,139 | +77.4% |
| Taxes, remuneration and social security | 45 | €43,799 | €89,615 | +€45,816 | +104.6% |
| Taxes | 450/3 | €41,098 | €72,107 | +€31,009 | +75.5% |
| Remuneration and social security | 454/9 | €2,701 | €17,508 | +€14,807 | +548.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €55 | €6,535 | +€6,480 | +11726.4% |
| Remuneration, social security and pensions | 62 | €53,870 | €84,004 | +€30,133 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,035 | €44,162 | +€14,127 | +47.0% |
| Other operating charges | 640/8 | €10,217 | €13,692 | +€3,474 | +34.0% |
| Gross operating margin | 9900 | €100,077 | €217,463 | +€117,386 | +117.3% |
| Operating profit (loss) | 9901 | €5,954 | €75,606 | +€69,652 | +1169.9% |
| Financial income | 75/76B | - | €3,759 | +€3,759 | |
| Recurring financial income | 75 | - | €3,759 | +€3,759 | |
| Financial charges | 65/66B | €3,097 | €15,651 | +€12,553 | +405.3% |
| Recurring financial charges | 65 | €3,097 | €15,651 | +€12,553 | +405.3% |
| Profit (loss) for the period before taxes | 9903 | €2,856 | €63,714 | +€60,858 | +2130.6% |
| Income taxes | 67/77 | €140 | €7,355 | +€7,216 | +5171.9% |
| Profit (loss) for the period | 9904 | €2,717 | €56,359 | +€53,642 | +1974.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,717 | €56,359 | +€53,642 | +1974.4% |
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 12 October 2026 via checked.be.