GIOIA: 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.
GIOIA
Largest movements
- Receivables within one year +€536
up €536 (+32.6%), from €1,646 to €2,182
of which Other amounts receivable: +€650
- Deferred charges and accrued income +€265
new in 2025: €265
- Cash +€157
up €157 (+7.7%), from €2,036 to €2,193
mainly Net result for the year (+€816) and Trade debts (+€702)
- Other debts -€930
down €930 (-19.5%), from €4,770 to €3,840
- Profit (loss) carried forward +€816
up €816 (+3.8%), from -€21,488 to -€20,672
- Trade debts +€702
new in 2025: €702
- Tax, wage and social debts +€370
up €370 (+24.0%), from €1,541 to €1,911
- Gross operating margin -€3,882
down €3,882 (-69.9%), from €5,557 to €1,675
- Taxes -€867
down €867 (-70.1%), from €1,237 to €370
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 | €3,681 | €4,640 | +€958 | +26.0% |
| Current assets | 29/58 | €3,681 | €4,640 | +€958 | +26.0% |
| Amounts receivable within one year | 40/41 | €1,646 | €2,182 | +€536 | +32.6% |
| Trade receivables | 40 | €114 | - | -€114 | |
| Other amounts receivable | 41 | €1,532 | €2,182 | +€650 | +42.4% |
| Cash at bank and in hand | 54/58 | €2,036 | €2,193 | +€157 | +7.7% |
| Deferred charges and accrued income | 490/1 | - | €265 | +€265 | |
| Total equity and liabilities | 10/49 | €3,681 | €4,640 | +€958 | +26.0% |
| Equity | 10/15 | -€2,630 | -€1,814 | +€816 | +31.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | - | €18,592 | +€18,592 | |
| Share premium | 1100/10 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €266 | €266 | = | 0.0% |
| Distributable reserves | 133 | €266 | €266 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,488 | -€20,672 | +€816 | +3.8% |
| Amounts payable | 17/49 | €6,312 | €6,454 | +€142 | +2.3% |
| Amounts payable within one year | 42/48 | €6,312 | €6,454 | +€142 | +2.3% |
| Trade debts | 44 | - | €702 | +€702 | |
| Suppliers | 440/4 | - | €702 | +€702 | |
| Taxes, remuneration and social security | 45 | €1,541 | €1,911 | +€370 | +24.0% |
| Taxes | 450/3 | €1,541 | €1,911 | +€370 | +24.0% |
| Other amounts payable | 47/48 | €4,770 | €3,840 | -€930 | -19.5% |
| Other operating charges | 640/8 | €433 | €400 | -€33 | -7.6% |
| Gross operating margin | 9900 | €5,557 | €1,675 | -€3,882 | -69.9% |
| Operating profit (loss) | 9901 | €5,125 | €1,275 | -€3,849 | -75.1% |
| Financial income | 75/76B | €28 | €3 | -€26 | -91.1% |
| Recurring financial income | 75 | €28 | €3 | -€26 | -91.1% |
| Financial charges | 65/66B | €116 | €91 | -€25 | -21.5% |
| Recurring financial charges | 65 | €116 | €91 | -€25 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €5,037 | €1,186 | -€3,850 | -76.4% |
| Income taxes | 67/77 | €1,237 | €370 | -€867 | -70.1% |
| Profit (loss) for the period | 9904 | €3,799 | €816 | -€2,983 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,799 | €816 | -€2,983 | -78.5% |
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 30 September 2026 via checked.be.