GIRAL: 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.
GIRAL
Largest movements
- Tangible fixed assets -€30,929
down €30,929 (-13.6%), from €226,768 to €195,839
of which Land and buildings: -€30,995
- Receivables within one year +€14,959
up €14,959 (+47.2%), from €31,694 to €46,652
- Profit (loss) carried forward -€17,904
down €17,904 (-4.8%), from €369,894 to €351,989
- Gross operating margin -€2,931
down €2,931 (-68.8%), from €4,263 to €1,332
- Other operating charges +€2,319
up €2,319 (+103.4%), from €2,242 to €4,560
- Depreciation +€166
up €166 (+1.0%), from €17,209 to €17,375
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 | €392,724 | €374,693 | -€18,031 | -4.6% |
| Fixed assets | 21/28 | €228,505 | €197,577 | -€30,929 | -13.5% |
| Tangible fixed assets | 22/27 | €226,768 | €195,839 | -€30,929 | -13.6% |
| Land and buildings | 22 | €224,929 | €193,934 | -€30,995 | -13.8% |
| Furniture and vehicles | 24 | €1,839 | €1,905 | +€67 | +3.6% |
| Financial fixed assets | 28 | €1,738 | €1,738 | = | 0.0% |
| Current assets | 29/58 | €164,218 | €177,116 | +€12,898 | +7.9% |
| Amounts receivable after more than one year | 29 | €105,000 | €105,000 | = | 0.0% |
| Other amounts receivable | 291 | €105,000 | €105,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,694 | €46,652 | +€14,959 | +47.2% |
| Other amounts receivable | 41 | €31,694 | €46,652 | +€14,959 | +47.2% |
| Cash at bank and in hand | 54/58 | €25,684 | €23,556 | -€2,128 | -8.3% |
| Deferred charges and accrued income | 490/1 | €1,841 | €1,908 | +€67 | +3.6% |
| Total equity and liabilities | 10/49 | €392,724 | €374,693 | -€18,031 | -4.6% |
| Equity | 10/15 | €390,345 | €372,441 | -€17,904 | -4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €369,894 | €351,989 | -€17,904 | -4.8% |
| Amounts payable | 17/49 | €2,379 | €2,252 | -€126 | -5.3% |
| Amounts payable after more than one year | 17 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €729 | €1,152 | +€424 | +58.2% |
| Trade debts | 44 | €729 | €1,152 | +€424 | +58.2% |
| Suppliers | 440/4 | €729 | €1,152 | +€424 | +58.2% |
| Accrued charges and deferred income | 492/3 | €550 | €0 | -€550 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,209 | €17,375 | +€166 | +1.0% |
| Other operating charges | 640/8 | €2,242 | €4,560 | +€2,319 | +103.4% |
| Gross operating margin | 9900 | €4,263 | €1,332 | -€2,931 | -68.8% |
| Operating profit (loss) | 9901 | -€15,188 | -€20,604 | -€5,415 | -35.7% |
| Financial income | 75/76B | €2,942 | €2,962 | +€20 | +0.7% |
| Recurring financial income | 75 | €2,942 | €2,962 | +€20 | +0.7% |
| Financial charges | 65/66B | €305 | €263 | -€42 | -13.8% |
| Recurring financial charges | 65 | €305 | €263 | -€42 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,551 | -€17,904 | -€5,353 | -42.6% |
| Profit (loss) for the period | 9904 | -€12,551 | -€17,904 | -€5,353 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,551 | -€17,904 | -€5,353 | -42.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.