GIRASOL: 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.
GIRASOL
Largest movements
- Tangible fixed assets -€12,020
down €12,020 (-43.7%), from €27,532 to €15,512
- Cash -€1,991
down €1,991 (-13.2%), from €15,099 to €13,107
mainly Other debts (-€5,522) and Net result for the year (-€5,000)
- Deferred charges and accrued income +€1,963
up €1,963 (+812.5%), from €242 to €2,205
- Receivables within one year +€1,578
up €1,578 (+37.0%), from €4,265 to €5,843
- Other debts -€5,522
down €5,522 (-9.0%), from €61,311 to €55,789
- Profit (loss) carried forward -€5,000
down €5,000, from €3,190 to -€1,810
- Current portion of long-term debt -€3,513
down €3,513 (-76.2%), from €4,610 to €1,097
- Trade debts +€3,487
up €3,487 (+134.8%), from €2,587 to €6,074
- Tax, wage and social debts +€2,035
up €2,035 (+16.2%), from €12,559 to €14,594
- Gross operating margin -€17,201
down €17,201 (-55.6%), from €30,931 to €13,730
- Taxes -€3,759
down €3,759 (-45.0%), from €8,358 to €4,599
- Depreciation -€3,066
down €3,066 (-20.3%), from €15,087 to €12,020
- Financial income -€452
down €452 (-79.8%), from €567 to €115
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 | €94,904 | €83,805 | -€11,099 | -11.7% |
| Fixed assets | 21/28 | €27,532 | €15,512 | -€12,020 | -43.7% |
| Tangible fixed assets | 22/27 | €27,532 | €15,512 | -€12,020 | -43.7% |
| Plant, machinery and equipment | 23 | €2,644 | €1,655 | -€989 | -37.4% |
| Furniture and vehicles | 24 | €6,133 | €3,691 | -€2,442 | -39.8% |
| Leasing and similar rights | 25 | €4,761 | €560 | -€4,201 | -88.2% |
| Other tangible fixed assets | 26 | €13,993 | €9,605 | -€4,388 | -31.4% |
| Current assets | 29/58 | €67,372 | €68,293 | +€922 | +1.4% |
| Stocks and contracts in progress | 3 | €47,767 | €47,139 | -€628 | -1.3% |
| Stocks | 30/36 | €47,767 | €47,139 | -€628 | -1.3% |
| Amounts receivable within one year | 40/41 | €4,265 | €5,843 | +€1,578 | +37.0% |
| Trade receivables | 40 | €4,265 | €5,843 | +€1,578 | +37.0% |
| Cash at bank and in hand | 54/58 | €15,099 | €13,107 | -€1,991 | -13.2% |
| Deferred charges and accrued income | 490/1 | €242 | €2,205 | +€1,963 | +812.5% |
| Total equity and liabilities | 10/49 | €94,904 | €83,805 | -€11,099 | -11.7% |
| Equity | 10/15 | €11,250 | €6,250 | -€5,000 | -44.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €3,190 | -€1,810 | -€5,000 | |
| Amounts payable | 17/49 | €83,654 | €77,555 | -€6,099 | -7.3% |
| Amounts payable after more than one year | 17 | €1,468 | - | -€1,468 | |
| Financial debts | 170/4 | €1,468 | - | -€1,468 | |
| Amounts payable within one year | 42/48 | €81,068 | €77,555 | -€3,513 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €4,610 | €1,097 | -€3,513 | -76.2% |
| Trade debts | 44 | €2,587 | €6,074 | +€3,487 | +134.8% |
| Suppliers | 440/4 | €2,587 | €6,074 | +€3,487 | +134.8% |
| Taxes, remuneration and social security | 45 | €12,559 | €14,594 | +€2,035 | +16.2% |
| Taxes | 450/3 | €12,559 | €14,594 | +€2,035 | +16.2% |
| Other amounts payable | 47/48 | €61,311 | €55,789 | -€5,522 | -9.0% |
| Accrued charges and deferred income | 492/3 | €1,118 | - | -€1,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,087 | €12,020 | -€3,066 | -20.3% |
| Other operating charges | 640/8 | €1,122 | €1,346 | +€224 | +20.0% |
| Gross operating margin | 9900 | €30,931 | €13,730 | -€17,201 | -55.6% |
| Operating profit (loss) | 9901 | €14,722 | €364 | -€14,359 | -97.5% |
| Financial income | 75/76B | €567 | €115 | -€452 | -79.8% |
| Recurring financial income | 75 | €567 | €115 | -€452 | -79.8% |
| Financial charges | 65/66B | €1,100 | €879 | -€221 | -20.1% |
| Recurring financial charges | 65 | €1,100 | €879 | -€221 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €14,189 | -€401 | -€14,590 | |
| Income taxes | 67/77 | €8,358 | €4,599 | -€3,759 | -45.0% |
| Profit (loss) for the period | 9904 | €5,831 | -€5,000 | -€10,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,831 | -€5,000 | -€10,830 |
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 30 September 2026 via checked.be.