GIQUA: 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.
GIQUA
Largest movements
- Intangible fixed assets -€260,405
down €260,405 (-33.3%), from €781,215 to €520,810
- Receivables within one year +€155,893
up €155,893 (+26.1%), from €597,806 to €753,699
- Tangible fixed assets -€141,680
down €141,680 (-21.8%), from €649,936 to €508,256
of which Furniture and vehicles: -€112,388
- Debts after one year -€564,264
down €564,264 (-36.1%), from €1.6m to €999,682
of which Financial debts: -€345,565
- Profit (loss) carried forward +€272,801
up €272,801 (+62.6%), from -€435,826 to -€163,025
- Trade debts +€99,345
up €99,345 (+43.7%), from €227,326 to €326,671
- Current portion of long-term debt -€94,822
down €94,822 (-14.4%), from €658,665 to €563,842
- Tax, wage and social debts +€51,361
up €51,361 (+9.1%), from €564,796 to €616,157
- Gross operating margin +€844,958
up €844,958 (+16.9%), from €5.0m to €5.8m
- Staff costs +€209,676
up €209,676 (+4.5%), from €4.7m to €4.9m
- Depreciation -€61,846
down €61,846 (-13.0%), from €475,630 to €413,784
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 | €3,719,115 | €3,497,893 | -€221,221 | -5.9% |
| Fixed assets | 21/28 | €1,444,251 | €1,042,166 | -€402,085 | -27.8% |
| Intangible fixed assets | 21 | €781,215 | €520,810 | -€260,405 | -33.3% |
| Tangible fixed assets | 22/27 | €649,936 | €508,256 | -€141,680 | -21.8% |
| Land and buildings | 22 | €162,860 | €137,800 | -€25,060 | -15.4% |
| Plant, machinery and equipment | 23 | €29,679 | €25,447 | -€4,231 | -14.3% |
| Furniture and vehicles | 24 | €457,397 | €345,009 | -€112,388 | -24.6% |
| Financial fixed assets | 28 | €13,100 | €13,100 | = | 0.0% |
| Current assets | 29/58 | €2,274,863 | €2,455,727 | +€180,864 | +8.0% |
| Amounts receivable after more than one year | 29 | €1,175,612 | €1,180,198 | +€4,586 | +0.4% |
| Other amounts receivable | 291 | €1,175,612 | €1,180,198 | +€4,586 | +0.4% |
| Amounts receivable within one year | 40/41 | €597,806 | €753,699 | +€155,893 | +26.1% |
| Trade receivables | 40 | €597,806 | €753,699 | +€155,893 | +26.1% |
| Cash at bank and in hand | 54/58 | €134,274 | €154,659 | +€20,385 | +15.2% |
| Deferred charges and accrued income | 490/1 | €367,172 | €367,172 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,719,115 | €3,497,893 | -€221,221 | -5.9% |
| Equity | 10/15 | €704,381 | €991,541 | +€287,159 | +40.8% |
| Contributions | 10/11 | €1,115,521 | €1,115,521 | = | 0.0% |
| Capital | 10 | €1,115,521 | €1,115,521 | = | 0.0% |
| Issued capital | 100 | €1,115,521 | €1,115,521 | = | 0.0% |
| Reserves | 13 | €24,687 | €39,045 | +€14,358 | +58.2% |
| Non-distributable reserves | 130/1 | €24,687 | €39,045 | +€14,358 | +58.2% |
| Legal reserve | 130 | €24,687 | €39,045 | +€14,358 | +58.2% |
| Profit (loss) carried forward | 14 | -€435,826 | -€163,025 | +€272,801 | +62.6% |
| Amounts payable | 17/49 | €3,014,733 | €2,506,352 | -€508,381 | -16.9% |
| Amounts payable after more than one year | 17 | €1,563,946 | €999,682 | -€564,264 | -36.1% |
| Financial debts | 170/4 | €884,260 | €538,695 | -€345,565 | -39.1% |
| Other amounts payable | 178/9 | €679,686 | €460,987 | -€218,699 | -32.2% |
| Amounts payable within one year | 42/48 | €1,450,787 | €1,506,670 | +€55,883 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €658,665 | €563,842 | -€94,822 | -14.4% |
| Trade debts | 44 | €227,326 | €326,671 | +€99,345 | +43.7% |
| Suppliers | 440/4 | €227,326 | €326,671 | +€99,345 | +43.7% |
| Taxes, remuneration and social security | 45 | €564,796 | €616,157 | +€51,361 | +9.1% |
| Remuneration and social security | 454/9 | €564,796 | €616,157 | +€51,361 | +9.1% |
| Remuneration, social security and pensions | 62 | €4,653,372 | €4,863,048 | +€209,676 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475,630 | €413,784 | -€61,846 | -13.0% |
| Other operating charges | 640/8 | €160,470 | €184,154 | +€23,683 | +14.8% |
| Non-recurring operating charges | 66A | €13,975 | €36,383 | +€22,408 | +160% |
| Gross operating margin | 9900 | €4,992,480 | €5,837,438 | +€844,958 | +16.9% |
| Operating profit (loss) | 9901 | -€310,967 | €340,070 | +€651,036 | |
| Financial income | 75/76B | - | €5,795 | +€5,795 | |
| Recurring financial income | 75 | - | €5,795 | +€5,795 | |
| Financial charges | 65/66B | €41,866 | €58,705 | +€16,839 | +40.2% |
| Recurring financial charges | 65 | €41,866 | €58,705 | +€16,839 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | -€352,833 | €287,159 | +€639,992 | |
| Profit (loss) for the period | 9904 | -€352,833 | €287,159 | +€639,992 | |
| Profit (loss) for the period to be appropriated | 9905 | -€352,833 | €287,159 | +€639,992 |
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 17 October 2026 via checked.be.