GIO-TAN: what changed
Two fiscal 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-TAN
Largest movements
- Tangible fixed assets -€42,755
down €42,755 (-12.6%), from €338,795 to €296,040
of which Furniture and vehicles: -€34,571
- Cash +€20,923
up €20,923 (+75.6%), from €27,688 to €48,611
mainly Depreciation (+€63,015) and Net result for the year (+€37,603)
- Receivables within one year +€9,111
up €9,111 (+115.9%), from €7,859 to €16,969
of which Other amounts receivable: +€13,421
- Profit (loss) carried forward +€37,603
up €37,603 (+126.5%), from €29,736 to €67,339
- Reserves -€32,000
down €32,000 (-28.0%), from €114,359 to €82,359
of which Distributable reserves: -€32,000
- Current portion of long-term debt -€10,691
down €10,691 (-27.0%), from €39,629 to €28,938
- Tax, wage and social debts +€10,020
up €10,020 (+83.5%), from €12,006 to €22,026
- Debts after one year -€9,562
down €9,562 (-5.8%), from €165,924 to €156,362
- Gross operating margin +€53,498
up €53,498 (+61.4%), from €87,168 to €140,666
- Depreciation +€16,156
up €16,156 (+34.5%), from €46,859 to €63,015
- Other operating charges -€8,771
down €8,771 (-71.3%), from €12,297 to €3,527
- Taxes +€6,199
up €6,199 (+36.5%), from €16,990 to €23,189
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 | €389,831 | €376,614 | -€13,216 | -3.4% |
| Fixed assets | 21/28 | €339,167 | €296,412 | -€42,755 | -12.6% |
| Tangible fixed assets | 22/27 | €338,795 | €296,040 | -€42,755 | -12.6% |
| Land and buildings | 22 | €108,554 | €100,370 | -€8,184 | -7.5% |
| Furniture and vehicles | 24 | €230,241 | €195,670 | -€34,571 | -15.0% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €50,663 | €80,202 | +€29,539 | +58.3% |
| Amounts receivable after more than one year | 29 | €14,000 | €14,000 | = | 0.0% |
| Other amounts receivable | 291 | €14,000 | €14,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,859 | €16,969 | +€9,111 | +115.9% |
| Trade receivables | 40 | €5,000 | €689 | -€4,311 | -86.2% |
| Other amounts receivable | 41 | €2,859 | €16,280 | +€13,421 | +469.5% |
| Cash at bank and in hand | 54/58 | €27,688 | €48,611 | +€20,923 | +75.6% |
| Deferred charges and accrued income | 490/1 | €1,117 | €622 | -€495 | -44.3% |
| Total equity and liabilities | 10/49 | €389,831 | €376,614 | -€13,216 | -3.4% |
| Equity | 10/15 | €162,687 | €168,290 | +€5,603 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €114,359 | €82,359 | -€32,000 | -28.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €112,500 | €80,500 | -€32,000 | -28.4% |
| Profit (loss) carried forward | 14 | €29,736 | €67,339 | +€37,603 | +126.5% |
| Amounts payable | 17/49 | €227,143 | €208,324 | -€18,819 | -8.3% |
| Amounts payable after more than one year | 17 | €165,924 | €156,362 | -€9,562 | -5.8% |
| Financial debts | 170/4 | €165,924 | €156,362 | -€9,562 | -5.8% |
| Amounts payable within one year | 42/48 | €61,219 | €51,963 | -€9,257 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €39,629 | €28,938 | -€10,691 | -27.0% |
| Trade debts | 44 | €4,471 | €999 | -€3,472 | -77.7% |
| Suppliers | 440/4 | €4,471 | €999 | -€3,472 | -77.7% |
| Taxes, remuneration and social security | 45 | €12,006 | €22,026 | +€10,020 | +83.5% |
| Taxes | 450/3 | €12,006 | €22,026 | +€10,020 | +83.5% |
| Other amounts payable | 47/48 | €5,114 | - | -€5,114 | |
| Remuneration, social security and pensions | 62 | €8,302 | €7,767 | -€535 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,859 | €63,015 | +€16,156 | +34.5% |
| Other operating charges | 640/8 | €12,297 | €3,527 | -€8,771 | -71.3% |
| Gross operating margin | 9900 | €87,168 | €140,666 | +€53,498 | +61.4% |
| Operating profit (loss) | 9901 | €19,709 | €66,357 | +€46,648 | +236.7% |
| Financial income | 75/76B | €735 | €1,357 | +€622 | +84.6% |
| Recurring financial income | 75 | €735 | €1,357 | +€622 | +84.6% |
| Financial charges | 65/66B | €6,197 | €6,923 | +€726 | +11.7% |
| Recurring financial charges | 65 | €6,197 | €6,923 | +€726 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €14,247 | €60,791 | +€46,545 | +326.7% |
| Income taxes | 67/77 | €16,990 | €23,189 | +€6,199 | +36.5% |
| Profit (loss) for the period | 9904 | -€2,743 | €37,603 | +€40,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,743 | €37,603 | +€40,346 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.