GIRADO: 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.
GIRADO
Largest movements
- Tangible fixed assets -€16,741
down €16,741 (-4.6%), from €367,519 to €350,778
- Cash +€3,931
up €3,931 (+51.2%), from €7,681 to €11,612
mainly Depreciation (+€16,741) and Net result for the year (+€2,230)
- Debts after one year -€15,408
down €15,408 (-8.0%), from €193,238 to €177,830
- Financial charges -€696
down €696 (-11.8%), from €5,905 to €5,209
- Gross operating margin -€274
down €274 (-1.0%), from €27,241 to €26,967
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 | €375,753 | €362,970 | -€12,783 | -3.4% |
| Fixed assets | 21/28 | €367,519 | €350,778 | -€16,741 | -4.6% |
| Tangible fixed assets | 22/27 | €367,519 | €350,778 | -€16,741 | -4.6% |
| Land and buildings | 22 | €367,519 | €350,778 | -€16,741 | -4.6% |
| Current assets | 29/58 | €8,234 | €12,192 | +€3,958 | +48.1% |
| Amounts receivable within one year | 40/41 | €553 | €581 | +€27 | +5.0% |
| Trade receivables | 40 | €553 | €581 | +€27 | +5.0% |
| Cash at bank and in hand | 54/58 | €7,681 | €11,612 | +€3,931 | +51.2% |
| Total equity and liabilities | 10/49 | €375,753 | €362,970 | -€12,783 | -3.4% |
| Equity | 10/15 | €142,443 | €144,673 | +€2,230 | +1.6% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,557 | -€75,327 | +€2,230 | +2.9% |
| Amounts payable | 17/49 | €233,311 | €218,297 | -€15,013 | -6.4% |
| Amounts payable after more than one year | 17 | €193,238 | €177,830 | -€15,408 | -8.0% |
| Financial debts | 170/4 | €193,238 | €177,830 | -€15,408 | -8.0% |
| Amounts payable within one year | 42/48 | €17,323 | €16,717 | -€606 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €14,672 | €15,408 | +€735 | +5.0% |
| Trade debts | 44 | €2,650 | €1,310 | -€1,341 | -50.6% |
| Suppliers | 440/4 | €2,650 | €1,310 | -€1,341 | -50.6% |
| Accrued charges and deferred income | 492/3 | €22,750 | €23,750 | +€1,000 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,741 | €16,741 | = | 0.0% |
| Other operating charges | 640/8 | €2,700 | €2,786 | +€86 | +3.2% |
| Gross operating margin | 9900 | €27,241 | €26,967 | -€274 | -1.0% |
| Operating profit (loss) | 9901 | €7,799 | €7,440 | -€360 | -4.6% |
| Financial charges | 65/66B | €5,905 | €5,209 | -€696 | -11.8% |
| Recurring financial charges | 65 | €5,905 | €5,209 | -€696 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €1,894 | €2,230 | +€336 | +17.8% |
| Profit (loss) for the period | 9904 | €1,894 | €2,230 | +€336 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,894 | €2,230 | +€336 | +17.8% |
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 8 October 2026 via checked.be.