Giraffe Vision: 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.
Giraffe Vision
Largest movements
- Receivables within one year +€33,734
up €33,734 (+32.7%), from €103,005 to €136,739
of which Other amounts receivable: +€34,692
- Cash +€31,110
up €31,110 (+51.3%), from €60,616 to €91,726
mainly Net result for the year (+€64,993) and Trade debts (+€798)
- Reserves +€64,993
up €64,993 (+45.9%), from €141,493 to €206,486
- Gross operating margin +€3,633
up €3,633 (+4.9%), from €74,884 to €78,517
- Financial income +€951
up €951 (+24.6%), from €3,870 to €4,821
- Taxes +€788
up €788 (+4.7%), from €16,760 to €17,548
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,522 | €236,931 | +€64,410 | +37.3% |
| Fixed assets | 21/28 | €4,150 | €3,646 | -€504 | -12.1% |
| Tangible fixed assets | 22/27 | €4,150 | €3,646 | -€504 | -12.1% |
| Other tangible fixed assets | 26 | €4,150 | €3,646 | -€504 | -12.1% |
| Current assets | 29/58 | €168,372 | €233,286 | +€64,914 | +38.6% |
| Amounts receivable within one year | 40/41 | €103,005 | €136,739 | +€33,734 | +32.7% |
| Trade receivables | 40 | €37,374 | €36,416 | -€958 | -2.6% |
| Other amounts receivable | 41 | €65,630 | €100,322 | +€34,692 | +52.9% |
| Cash at bank and in hand | 54/58 | €60,616 | €91,726 | +€31,110 | +51.3% |
| Deferred charges and accrued income | 490/1 | €4,750 | €4,821 | +€70 | +1.5% |
| Total equity and liabilities | 10/49 | €172,522 | €236,931 | +€64,410 | +37.3% |
| Equity | 10/15 | €144,493 | €209,486 | +€64,993 | +45.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €141,493 | €206,486 | +€64,993 | +45.9% |
| Distributable reserves | 133 | €141,493 | €206,486 | +€64,993 | +45.9% |
| Amounts payable | 17/49 | €28,028 | €27,445 | -€583 | -2.1% |
| Amounts payable within one year | 42/48 | €28,028 | €27,320 | -€708 | -2.5% |
| Financial debts | 43 | €62 | €58 | -€4 | -6.7% |
| Credit institutions | 430/8 | €62 | €58 | -€4 | -6.7% |
| Trade debts | 44 | €410 | €1,208 | +€798 | +194.3% |
| Suppliers | 440/4 | €410 | €1,208 | +€798 | +194.3% |
| Taxes, remuneration and social security | 45 | €27,555 | €26,054 | -€1,502 | -5.4% |
| Taxes | 450/3 | €27,555 | €26,054 | -€1,502 | -5.4% |
| Accrued charges and deferred income | 492/3 | - | €125 | +€125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504 | €504 | = | 0.0% |
| Other operating charges | 640/8 | €227 | €236 | +€9 | +4.2% |
| Gross operating margin | 9900 | €74,884 | €78,517 | +€3,633 | +4.9% |
| Operating profit (loss) | 9901 | €74,154 | €77,777 | +€3,623 | +4.9% |
| Financial income | 75/76B | €3,870 | €4,821 | +€951 | +24.6% |
| Recurring financial income | 75 | €3,870 | €4,821 | +€951 | +24.6% |
| Financial charges | 65/66B | €61 | €57 | -€4 | -6.3% |
| Recurring financial charges | 65 | €61 | €57 | -€4 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €77,962 | €82,540 | +€4,578 | +5.9% |
| Income taxes | 67/77 | €16,760 | €17,548 | +€788 | +4.7% |
| Profit (loss) for the period | 9904 | €61,203 | €64,993 | +€3,790 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,203 | €64,993 | +€3,790 | +6.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.