GIPHIC: 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.
GIPHIC
Largest movements
- Current investments +€93,565
up €93,565 (+28.7%), from €326,430 to €419,995
- Cash +€73,640
up €73,640 (+162.7%), from €45,262 to €118,902
mainly Net result for the year (+€157,128) and Tax, wage and social debts (+€18,515)
- Financial fixed assets +€20,000
new in 2025: €20,000
- Tangible fixed assets -€13,897
down €13,897 (-19.1%), from €72,739 to €58,843
of which Furniture and vehicles: -€8,865
- Receivables within one year -€11,132
down €11,132 (-44.2%), from €25,185 to €14,053
of which Other amounts receivable: -€21,538
- Reserves +€156,000
up €156,000 (+36.1%), from €432,000 to €588,000
- Tax, wage and social debts +€18,515
up €18,515 (+78.6%), from €23,549 to €42,064
- Other debts -€12,786
down €12,786 (-63.9%), from €20,000 to €7,214
- Gross operating margin -€7,737
down €7,737 (-3.2%), from €240,579 to €232,841
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 | €493,081 | €655,690 | +€162,609 | +33.0% |
| Fixed assets | 21/28 | €72,739 | €78,843 | +€6,103 | +8.4% |
| Tangible fixed assets | 22/27 | €72,739 | €58,843 | -€13,897 | -19.1% |
| Plant, machinery and equipment | 23 | - | €602 | +€602 | |
| Furniture and vehicles | 24 | €32,328 | €23,463 | -€8,865 | -27.4% |
| Leasing and similar rights | 25 | €1,148 | - | -€1,148 | |
| Other tangible fixed assets | 26 | €39,263 | €34,778 | -€4,485 | -11.4% |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €420,341 | €576,847 | +€156,506 | +37.2% |
| Amounts receivable within one year | 40/41 | €25,185 | €14,053 | -€11,132 | -44.2% |
| Trade receivables | 40 | €3,630 | €14,036 | +€10,406 | +286.7% |
| Other amounts receivable | 41 | €21,555 | €17 | -€21,538 | -99.9% |
| Current investments | 50/53 | €326,430 | €419,995 | +€93,565 | +28.7% |
| Cash at bank and in hand | 54/58 | €45,262 | €118,902 | +€73,640 | +162.7% |
| Deferred charges and accrued income | 490/1 | €23,464 | €23,897 | +€433 | +1.8% |
| Total equity and liabilities | 10/49 | €493,081 | €655,690 | +€162,609 | +33.0% |
| Equity | 10/15 | €447,629 | €604,757 | +€157,128 | +35.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €432,000 | €588,000 | +€156,000 | +36.1% |
| Distributable reserves | 133 | €432,000 | €588,000 | +€156,000 | +36.1% |
| Profit (loss) carried forward | 14 | €10,629 | €11,757 | +€1,128 | +10.6% |
| Amounts payable | 17/49 | €45,451 | €50,933 | +€5,482 | +12.1% |
| Amounts payable within one year | 42/48 | €45,451 | €50,497 | +€5,045 | +11.1% |
| Trade debts | 44 | €1,902 | €1,218 | -€684 | -35.9% |
| Suppliers | 440/4 | €1,902 | €1,218 | -€684 | -35.9% |
| Taxes, remuneration and social security | 45 | €23,549 | €42,064 | +€18,515 | +78.6% |
| Taxes | 450/3 | €23,549 | €42,064 | +€18,515 | +78.6% |
| Other amounts payable | 47/48 | €20,000 | €7,214 | -€12,786 | -63.9% |
| Accrued charges and deferred income | 492/3 | - | €436 | +€436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,767 | €13,897 | +€129 | +0.9% |
| Other operating charges | 640/8 | €4,281 | €2,035 | -€2,246 | -52.5% |
| Gross operating margin | 9900 | €240,579 | €232,841 | -€7,737 | -3.2% |
| Operating profit (loss) | 9901 | €222,530 | €216,910 | -€5,620 | -2.5% |
| Financial income | 75/76B | €10,204 | €9,050 | -€1,154 | -11.3% |
| Recurring financial income | 75 | €10,204 | €9,050 | -€1,154 | -11.3% |
| Financial charges | 65/66B | €2,714 | €858 | -€1,856 | -68.4% |
| Recurring financial charges | 65 | €2,714 | €858 | -€1,856 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €230,020 | €225,102 | -€4,918 | -2.1% |
| Income taxes | 67/77 | €69,476 | €67,974 | -€1,502 | -2.2% |
| Profit (loss) for the period | 9904 | €160,544 | €157,128 | -€3,416 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €160,544 | €157,128 | -€3,416 | -2.1% |
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 1 October 2026 via checked.be.