GIOT & Co: 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.
GIOT & Co
Largest movements
- Cash +€6,446
up €6,446 (+76.6%), from €8,416 to €14,862
mainly Net result for the year (+€20,893) and Depreciation (+€9,146)
- Intangible fixed assets -€6,250
down €6,250 (-14.1%), from €44,392 to €38,142
- Deferred charges and accrued income -€3,028
down €3,028 (-69.2%), from €4,377 to €1,349
- Tangible fixed assets -€1,180
down €1,180 (-10.5%), from €11,190 to €10,011
of which Plant, machinery and equipment: -€1,788
- Stocks and contracts +€761
up €761 (+20.6%), from €3,695 to €4,456
- Reserves +€18,751
new in 2025: €18,751
- Debts after one year -€15,417
down €15,417 (-94.6%), from €16,296 to €878
- Tax, wage and social debts -€8,457
down €8,457 (-50.4%), from €16,765 to €8,308
of which Remuneration and social security: -€8,680
- Trade debts +€4,111
up €4,111 (+44.9%), from €9,154 to €13,265
- Other debts -€2,961
down €2,961 (-61.9%), from €4,783 to €1,822
- Staff costs -€39,599
down €39,599 (-43.7%), from €90,667 to €51,068
- Gross operating margin -€21,583
down €21,583 (-19.9%), from €108,240 to €86,657
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 | €74,428 | €71,710 | -€2,718 | -3.7% |
| Fixed assets | 21/28 | €55,582 | €48,152 | -€7,430 | -13.4% |
| Intangible fixed assets | 21 | €44,392 | €38,142 | -€6,250 | -14.1% |
| Tangible fixed assets | 22/27 | €11,190 | €10,011 | -€1,180 | -10.5% |
| Plant, machinery and equipment | 23 | €10,692 | €8,905 | -€1,788 | -16.7% |
| Furniture and vehicles | 24 | €498 | €1,106 | +€608 | +122.0% |
| Current assets | 29/58 | €18,846 | €23,558 | +€4,712 | +25.0% |
| Stocks and contracts in progress | 3 | €3,695 | €4,456 | +€761 | +20.6% |
| Stocks | 30/36 | €3,695 | €4,456 | +€761 | +20.6% |
| Amounts receivable within one year | 40/41 | €2,357 | €2,890 | +€533 | +22.6% |
| Trade receivables | 40 | €2,357 | €2,890 | +€533 | +22.6% |
| Cash at bank and in hand | 54/58 | €8,416 | €14,862 | +€6,446 | +76.6% |
| Deferred charges and accrued income | 490/1 | €4,377 | €1,349 | -€3,028 | -69.2% |
| Total equity and liabilities | 10/49 | €74,428 | €71,710 | -€2,718 | -3.7% |
| Equity | 10/15 | €9,857 | €30,751 | +€20,893 | +212.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | - | €18,751 | +€18,751 | |
| Distributable reserves | 133 | - | €18,751 | +€18,751 | |
| Profit (loss) carried forward | 14 | -€2,143 | - | +€2,143 | |
| Amounts payable | 17/49 | €64,571 | €40,960 | -€23,612 | -36.6% |
| Amounts payable after more than one year | 17 | €16,296 | €878 | -€15,417 | -94.6% |
| Financial debts | 170/4 | €16,296 | €878 | -€15,417 | -94.6% |
| Amounts payable within one year | 42/48 | €45,896 | €38,812 | -€7,085 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €15,195 | €15,417 | +€222 | +1.5% |
| Trade debts | 44 | €9,154 | €13,265 | +€4,111 | +44.9% |
| Suppliers | 440/4 | €9,154 | €13,265 | +€4,111 | +44.9% |
| Taxes, remuneration and social security | 45 | €16,765 | €8,308 | -€8,457 | -50.4% |
| Taxes | 450/3 | €3,142 | €3,365 | +€223 | +7.1% |
| Remuneration and social security | 454/9 | €13,622 | €4,942 | -€8,680 | -63.7% |
| Other amounts payable | 47/48 | €4,783 | €1,822 | -€2,961 | -61.9% |
| Accrued charges and deferred income | 492/3 | €2,379 | €1,270 | -€1,109 | -46.6% |
| Remuneration, social security and pensions | 62 | €90,667 | €51,068 | -€39,599 | -43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,336 | €9,146 | -€191 | -2.0% |
| Other operating charges | 640/8 | €3,183 | €3,105 | -€78 | -2.4% |
| Gross operating margin | 9900 | €108,240 | €86,657 | -€21,583 | -19.9% |
| Operating profit (loss) | 9901 | €5,054 | €23,338 | +€18,285 | +361.8% |
| Financial income | 75/76B | €11 | €217 | +€205 | +1844.5% |
| Recurring financial income | 75 | €11 | €217 | +€205 | +1844.5% |
| Financial charges | 65/66B | €3,159 | €2,662 | -€497 | -15.7% |
| Recurring financial charges | 65 | €3,159 | €2,662 | -€497 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €1,906 | €20,893 | +€18,988 | +996.2% |
| Profit (loss) for the period | 9904 | €1,906 | €20,893 | +€18,988 | +996.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,906 | €20,893 | +€18,988 | +996.2% |
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 5 October 2026 via checked.be.