GIRASOL: 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.
GIRASOL
Largest movements
- Tangible fixed assets -€2,014
down €2,014 (-2.3%), from €87,134 to €85,120
- Cash +€1,650
up €1,650 (+8.6%), from €19,188 to €20,838
mainly Net result for the year (+€5,107) and Depreciation (+€2,014)
- Deferred charges and accrued income +€1,500
new in 2025: €1,500
- Reserves +€5,107
up €5,107 (+13.3%), from €38,527 to €43,633
of which Distributable reserves: +€5,107
- Trade debts -€2,345
down €2,345 (-61.0%), from €3,845 to €1,500
- Accrued charges and deferred income -€1,500
no longer reported in 2025 (was €1,500)
- Taxes -€2,551
down €2,551 (-70.2%), from €3,636 to €1,085
- Gross operating margin -€1,896
down €1,896 (-15.5%), from €12,215 to €10,319
- Depreciation +€586
up €586 (+41.1%), from €1,428 to €2,014
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 | €106,322 | €107,783 | +€1,461 | +1.4% |
| Fixed assets | 21/28 | €87,134 | €85,120 | -€2,014 | -2.3% |
| Tangible fixed assets | 22/27 | €87,134 | €85,120 | -€2,014 | -2.3% |
| Land and buildings | 22 | €87,134 | €85,120 | -€2,014 | -2.3% |
| Current assets | 29/58 | €19,188 | €22,663 | +€3,475 | +18.1% |
| Amounts receivable within one year | 40/41 | - | €325 | +€325 | |
| Other amounts receivable | 41 | - | €325 | +€325 | |
| Cash at bank and in hand | 54/58 | €19,188 | €20,838 | +€1,650 | +8.6% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €106,322 | €107,783 | +€1,461 | +1.4% |
| Equity | 10/15 | €100,527 | €105,633 | +€5,107 | +5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €38,527 | €43,633 | +€5,107 | +13.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €32,327 | €37,433 | +€5,107 | +15.8% |
| Amounts payable | 17/49 | €5,795 | €2,150 | -€3,645 | -62.9% |
| Amounts payable within one year | 42/48 | €4,295 | €2,150 | -€2,145 | -49.9% |
| Trade debts | 44 | €3,845 | €1,500 | -€2,345 | -61.0% |
| Suppliers | 440/4 | €3,845 | €1,500 | -€2,345 | -61.0% |
| Taxes, remuneration and social security | 45 | €300 | - | -€300 | |
| Taxes | 450/3 | €300 | - | -€300 | |
| Other amounts payable | 47/48 | €150 | €650 | +€500 | +333% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,428 | €2,014 | +€586 | +41.1% |
| Other operating charges | 640/8 | €1,964 | €2,023 | +€60 | +3.0% |
| Gross operating margin | 9900 | €12,215 | €10,319 | -€1,896 | -15.5% |
| Operating profit (loss) | 9901 | €8,823 | €6,281 | -€2,542 | -28.8% |
| Financial charges | 65/66B | €90 | €90 | = | 0.0% |
| Recurring financial charges | 65 | €90 | €90 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €8,733 | €6,191 | -€2,542 | -29.1% |
| Income taxes | 67/77 | €3,636 | €1,085 | -€2,551 | -70.2% |
| Profit (loss) for the period | 9904 | €5,098 | €5,107 | +€9 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,098 | €5,107 | +€9 | +0.2% |
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.