GiraSole: 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.
GiraSole
Largest movements
- Cash -€19,808
down €19,808 (-84.7%), from €23,398 to €3,591
mainly Net result for the year (-€15,376) and Tax, wage and social debts (-€11,768)
- Receivables within one year -€5,891
down €5,891 (-82.1%), from €7,176 to €1,285
of which Trade receivables: -€5,676
- Tangible fixed assets -€899
down €899 (-40.0%), from €2,247 to €1,348
- Reserves -€15,376
down €15,376 (-97.6%), from €15,757 to €381
- Tax, wage and social debts -€11,768
down €11,768 (-100%), from €11,768 to €0
- Other debts +€547
up €547 (+185%), from €296 to €842
- Gross operating margin -€35,634
down €35,634, from €22,330 to -€13,305
- Taxes -€5,001
down €5,001 (-100%), from €5,001 to €0
- Depreciation +€449
up €449 (+100%), from €449 to €899
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 | €32,820 | €6,223 | -€26,597 | -81.0% |
| Fixed assets | 21/28 | €2,247 | €1,348 | -€899 | -40.0% |
| Tangible fixed assets | 22/27 | €2,247 | €1,348 | -€899 | -40.0% |
| Furniture and vehicles | 24 | €2,247 | €1,348 | -€899 | -40.0% |
| Current assets | 29/58 | €30,574 | €4,875 | -€25,698 | -84.1% |
| Amounts receivable within one year | 40/41 | €7,176 | €1,285 | -€5,891 | -82.1% |
| Trade receivables | 40 | €5,676 | €0 | -€5,676 | -100% |
| Other amounts receivable | 41 | €1,499 | €1,285 | -€214 | -14.3% |
| Cash at bank and in hand | 54/58 | €23,398 | €3,591 | -€19,808 | -84.7% |
| Total equity and liabilities | 10/49 | €32,820 | €6,223 | -€26,597 | -81.0% |
| Equity | 10/15 | €20,757 | €5,381 | -€15,376 | -74.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,757 | €381 | -€15,376 | -97.6% |
| Distributable reserves | 133 | €15,757 | €381 | -€15,376 | -97.6% |
| Amounts payable | 17/49 | €12,064 | €842 | -€11,221 | -93.0% |
| Amounts payable within one year | 42/48 | €12,064 | €842 | -€11,221 | -93.0% |
| Taxes, remuneration and social security | 45 | €11,768 | €0 | -€11,768 | -100% |
| Taxes | 450/3 | €11,768 | €0 | -€11,768 | -100% |
| Other amounts payable | 47/48 | €296 | €842 | +€547 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €449 | €899 | +€449 | +100% |
| Other operating charges | 640/8 | €1,065 | €1,107 | +€41 | +3.9% |
| Gross operating margin | 9900 | €22,330 | -€13,305 | -€35,634 | |
| Operating profit (loss) | 9901 | €20,815 | -€15,310 | -€36,125 | |
| Financial charges | 65/66B | €58 | €65 | +€8 | +13.4% |
| Recurring financial charges | 65 | €58 | €65 | +€8 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €20,757 | -€15,376 | -€36,133 | |
| Income taxes | 67/77 | €5,001 | €0 | -€5,001 | -100% |
| Profit (loss) for the period | 9904 | €15,757 | -€15,376 | -€31,132 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,757 | -€15,376 | -€31,132 |
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 31 October 2026 via checked.be.