GIOTAX: 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.
GIOTAX
Largest movements
- Receivables within one year +€32,949
up €32,949 (+27.2%), from €121,183 to €154,133
of which Trade receivables: +€38,160
- Cash +€11,458
new in 2025: €11,458
- Reserves +€49,368
up €49,368 (+55.4%), from €89,089 to €138,458
of which Distributable reserves: +€49,368
- Trade debts -€14,302
down €14,302 (-72.7%), from €19,667 to €5,364
- Accrued charges and deferred income +€8,000
new in 2025: €8,000
- Tax, wage and social debts +€1,755
up €1,755 (+61.9%), from €2,835 to €4,591
of which Taxes: +€4,486
- Gross operating margin +€33,736
up €33,736 (+283.3%), from €11,909 to €45,645
- Taxes +€5,604
up €5,604 (+96.5%), from €5,809 to €11,412
- Depreciation -€1,020
no longer reported in 2025 (was €1,020)
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,057 | €165,838 | +€43,781 | +35.9% |
| Fixed assets | 21/28 | €874 | €247 | -€626 | -71.7% |
| Tangible fixed assets | 22/27 | €626 | - | -€626 | |
| Furniture and vehicles | 24 | €626 | - | -€626 | |
| Financial fixed assets | 28 | €247 | €247 | = | 0.0% |
| Current assets | 29/58 | €121,183 | €165,591 | +€44,407 | +36.6% |
| Amounts receivable within one year | 40/41 | €121,183 | €154,133 | +€32,949 | +27.2% |
| Trade receivables | 40 | €86,490 | €124,650 | +€38,160 | +44.1% |
| Other amounts receivable | 41 | €34,693 | €29,482 | -€5,211 | -15.0% |
| Cash at bank and in hand | 54/58 | - | €11,458 | +€11,458 | |
| Total equity and liabilities | 10/49 | €122,057 | €165,838 | +€43,781 | +35.9% |
| Equity | 10/15 | €98,515 | €147,883 | +€49,368 | +50.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,089 | €138,458 | +€49,368 | +55.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €87,229 | €136,598 | +€49,368 | +56.6% |
| Profit (loss) carried forward | 14 | -€9,175 | -€9,175 | = | 0.0% |
| Amounts payable | 17/49 | €23,542 | €17,955 | -€5,587 | -23.7% |
| Amounts payable within one year | 42/48 | €23,542 | €9,955 | -€13,587 | -57.7% |
| Financial debts | 43 | €125 | - | -€125 | |
| Credit institutions | 430/8 | €125 | - | -€125 | |
| Trade debts | 44 | €19,667 | €5,364 | -€14,302 | -72.7% |
| Suppliers | 440/4 | €19,667 | €5,364 | -€14,302 | -72.7% |
| Taxes, remuneration and social security | 45 | €2,835 | €4,591 | +€1,755 | +61.9% |
| Taxes | 450/3 | €105 | €4,591 | +€4,486 | +4259.4% |
| Remuneration and social security | 454/9 | €2,730 | - | -€2,730 | |
| Other amounts payable | 47/48 | €915 | - | -€915 | |
| Accrued charges and deferred income | 492/3 | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | - | -€1,020 | |
| Other operating charges | 640/8 | €11,242 | €11,525 | +€283 | +2.5% |
| Gross operating margin | 9900 | €11,909 | €45,645 | +€33,736 | +283.3% |
| Operating profit (loss) | 9901 | -€354 | €34,120 | +€34,474 | |
| Financial charges | 65/66B | €650 | €683 | +€33 | +5.0% |
| Recurring financial charges | 65 | €650 | €683 | +€33 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,004 | €33,437 | +€34,441 | |
| Income taxes | 67/77 | €5,809 | €11,412 | +€5,604 | +96.5% |
| Profit (loss) for the period | 9904 | -€6,812 | €22,025 | +€28,837 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,812 | €22,025 | +€28,837 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.