Giraffes: 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.
Giraffes
Largest movements
- Cash -€15,560
down €15,560 (-62.5%), from €24,899 to €9,339
mainly Tax, wage and social debts (-€10,802) and Net result for the year (-€6,478)
- Receivables within one year -€6,124
down €6,124 (-64.2%), from €9,535 to €3,411
of which Trade receivables: -€9,299
- Tangible fixed assets +€1,875
new in 2025: €1,875
- Deferred charges and accrued income +€1,344
up €1,344 (+92.0%), from €1,461 to €2,804
- Tax, wage and social debts -€10,802
down €10,802 (-97.7%), from €11,059 to €257
- Reserves -€6,478
down €6,478 (-47.8%), from €13,564 to €7,086
- Other debts -€2,251
down €2,251 (-42.1%), from €5,344 to €3,094
- Trade debts +€1,343
up €1,343 (+206.9%), from €649 to €1,992
- Gross operating margin -€24,905
down €24,905, from €21,073 to -€3,832
- Taxes -€4,390
down €4,390 (-91.9%), from €4,775 to €385
- Other operating charges -€520
down €520 (-58.7%), from €886 to €366
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 | €35,895 | €17,429 | -€18,466 | -51.4% |
| Fixed assets | 21/28 | - | €1,875 | +€1,875 | |
| Tangible fixed assets | 22/27 | - | €1,875 | +€1,875 | |
| Land and buildings | 22 | - | €1,875 | +€1,875 | |
| Current assets | 29/58 | €35,895 | €15,555 | -€20,340 | -56.7% |
| Amounts receivable within one year | 40/41 | €9,535 | €3,411 | -€6,124 | -64.2% |
| Trade receivables | 40 | €9,299 | €0 | -€9,299 | -100.0% |
| Other amounts receivable | 41 | €236 | €3,411 | +€3,175 | +1345.3% |
| Cash at bank and in hand | 54/58 | €24,899 | €9,339 | -€15,560 | -62.5% |
| Deferred charges and accrued income | 490/1 | €1,461 | €2,804 | +€1,344 | +92.0% |
| Total equity and liabilities | 10/49 | €35,895 | €17,429 | -€18,466 | -51.4% |
| Equity | 10/15 | €18,564 | €12,086 | -€6,478 | -34.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,564 | €7,086 | -€6,478 | -47.8% |
| Distributable reserves | 133 | €13,564 | €7,086 | -€6,478 | -47.8% |
| Amounts payable | 17/49 | €17,331 | €5,343 | -€11,988 | -69.2% |
| Amounts payable within one year | 42/48 | €17,052 | €5,343 | -€11,709 | -68.7% |
| Trade debts | 44 | €649 | €1,992 | +€1,343 | +206.9% |
| Suppliers | 440/4 | €649 | €1,992 | +€1,343 | +206.9% |
| Taxes, remuneration and social security | 45 | €11,059 | €257 | -€10,802 | -97.7% |
| Taxes | 450/3 | €11,059 | €257 | -€10,802 | -97.7% |
| Other amounts payable | 47/48 | €5,344 | €3,094 | -€2,251 | -42.1% |
| Accrued charges and deferred income | 492/3 | €279 | €0 | -€279 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €99 | +€99 | |
| Other operating charges | 640/8 | €886 | €366 | -€520 | -58.7% |
| Gross operating margin | 9900 | €21,073 | -€3,832 | -€24,905 | |
| Operating profit (loss) | 9901 | €20,187 | -€4,297 | -€24,484 | |
| Financial charges | 65/66B | €1,848 | €1,795 | -€52 | -2.8% |
| Recurring financial charges | 65 | €1,848 | €1,795 | -€52 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €18,339 | -€6,093 | -€24,432 | |
| Income taxes | 67/77 | €4,775 | €385 | -€4,390 | -91.9% |
| Profit (loss) for the period | 9904 | €13,564 | -€6,478 | -€20,042 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,564 | -€6,478 | -€20,042 |
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 10 October 2026 via checked.be.