GIORO: 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.
GIORO
Largest movements
- Tangible fixed assets -€4,626
down €4,626 (-2.5%), from €183,050 to €178,424
- Profit (loss) carried forward -€12,597
down €12,597 (-5.3%), from -€237,880 to -€250,477
- Other debts +€8,001
up €8,001 (+6.3%), from €127,176 to €135,177
- Gross operating margin -€2,196
down €2,196 (-45.9%), from -€4,787 to -€6,983
- Other operating charges +€927
new in 2025: €927
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 | €194,509 | €189,913 | -€4,596 | -2.4% |
| Fixed assets | 21/28 | €193,506 | €188,880 | -€4,626 | -2.4% |
| Tangible fixed assets | 22/27 | €183,050 | €178,424 | -€4,626 | -2.5% |
| Land and buildings | 22 | €183,050 | €178,424 | -€4,626 | -2.5% |
| Financial fixed assets | 28 | €10,456 | €10,456 | = | 0.0% |
| Current assets | 29/58 | €1,003 | €1,033 | +€30 | +3.0% |
| Cash at bank and in hand | 54/58 | €1,003 | €357 | -€646 | -64.4% |
| Deferred charges and accrued income | 490/1 | - | €676 | +€676 | |
| Total equity and liabilities | 10/49 | €194,509 | €189,913 | -€4,596 | -2.4% |
| Equity | 10/15 | €67,333 | €54,736 | -€12,597 | -18.7% |
| Contributions | 10/11 | €305,213 | €305,213 | = | 0.0% |
| Capital | 10 | €305,213 | €305,213 | = | 0.0% |
| Issued capital | 100 | €305,213 | €305,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,880 | -€250,477 | -€12,597 | -5.3% |
| Amounts payable | 17/49 | €127,176 | €135,177 | +€8,001 | +6.3% |
| Amounts payable within one year | 42/48 | €127,176 | €135,177 | +€8,001 | +6.3% |
| Other amounts payable | 47/48 | €127,176 | €135,177 | +€8,001 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,627 | €4,626 | -€1 | 0.0% |
| Other operating charges | 640/8 | - | €927 | +€927 | |
| Gross operating margin | 9900 | -€4,787 | -€6,983 | -€2,196 | -45.9% |
| Operating profit (loss) | 9901 | -€9,414 | -€12,536 | -€3,122 | -33.2% |
| Financial charges | 65/66B | €63 | €61 | -€2 | -3.2% |
| Recurring financial charges | 65 | €63 | €61 | -€2 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,477 | -€12,597 | -€3,120 | -32.9% |
| Profit (loss) for the period | 9904 | -€9,477 | -€12,597 | -€3,120 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,477 | -€12,597 | -€3,120 | -32.9% |
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 14 October 2026 via checked.be.