GIRATA: 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.
GIRATA
Largest movements
- Tangible fixed assets -€11,101
down €11,101 (-22.5%), from €49,254 to €38,153
of which Land and buildings: -€10,105
- Cash +€6,018
up €6,018 (+25.0%), from €24,039 to €30,057
mainly Depreciation (+€11,101) and Net result for the year (+€4,499)
- Receivables within one year +€5,611
up €5,611 (+28.9%), from €19,438 to €25,048
of which Trade receivables: +€3,618
- Debts after one year -€6,631
down €6,631 (-12.5%), from €53,105 to €46,474
- Reserves +€4,499
up €4,499 (+16.3%), from €27,595 to €32,094
- Trade debts +€1,712
up €1,712 (+186.6%), from €918 to €2,630
- Gross operating margin +€9,529
up €9,529 (+71.9%), from €13,244 to €22,774
- Taxes +€2,709
up €2,709 (+495.5%), from €547 to €3,256
- Depreciation -€649
down €649 (-5.5%), from €11,750 to €11,101
- Other operating charges -€330
down €330 (-17.5%), from €1,880 to €1,551
- Financial charges -€256
down €256 (-9.8%), from €2,623 to €2,367
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 | €99,022 | €100,158 | +€1,136 | +1.1% |
| Fixed assets | 21/28 | €52,754 | €41,653 | -€11,101 | -21.0% |
| Intangible fixed assets | 21 | €3,500 | €3,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €49,254 | €38,153 | -€11,101 | -22.5% |
| Land and buildings | 22 | €46,527 | €36,421 | -€10,105 | -21.7% |
| Furniture and vehicles | 24 | €130 | €0 | -€130 | -100.0% |
| Assets under construction and advance payments | 27 | €2,598 | €1,732 | -€866 | -33.3% |
| Current assets | 29/58 | €46,267 | €58,505 | +€12,237 | +26.4% |
| Amounts receivable within one year | 40/41 | €19,438 | €25,048 | +€5,611 | +28.9% |
| Trade receivables | 40 | €13,285 | €16,903 | +€3,618 | +27.2% |
| Other amounts receivable | 41 | €6,153 | €8,145 | +€1,992 | +32.4% |
| Cash at bank and in hand | 54/58 | €24,039 | €30,057 | +€6,018 | +25.0% |
| Deferred charges and accrued income | 490/1 | €2,791 | €3,400 | +€609 | +21.8% |
| Total equity and liabilities | 10/49 | €99,022 | €100,158 | +€1,136 | +1.1% |
| Equity | 10/15 | €33,795 | €38,294 | +€4,499 | +13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,595 | €32,094 | +€4,499 | +16.3% |
| Distributable reserves | 133 | €27,595 | €32,094 | +€4,499 | +16.3% |
| Amounts payable | 17/49 | €65,227 | €61,864 | -€3,363 | -5.2% |
| Amounts payable after more than one year | 17 | €53,105 | €46,474 | -€6,631 | -12.5% |
| Financial debts | 170/4 | €53,105 | €46,474 | -€6,631 | -12.5% |
| Amounts payable within one year | 42/48 | €12,122 | €15,390 | +€3,268 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €6,548 | €6,721 | +€173 | +2.6% |
| Trade debts | 44 | €918 | €2,630 | +€1,712 | +186.6% |
| Suppliers | 440/4 | €918 | €2,630 | +€1,712 | +186.6% |
| Taxes, remuneration and social security | 45 | €4,657 | €5,124 | +€468 | +10.0% |
| Taxes | 450/3 | €2,330 | €0 | -€2,330 | -100.0% |
| Remuneration and social security | 454/9 | €2,327 | €5,124 | +€2,797 | +120.2% |
| Other amounts payable | 47/48 | - | €915 | +€915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,750 | €11,101 | -€649 | -5.5% |
| Other operating charges | 640/8 | €1,880 | €1,551 | -€330 | -17.5% |
| Gross operating margin | 9900 | €13,244 | €22,774 | +€9,529 | +71.9% |
| Operating profit (loss) | 9901 | -€386 | €10,122 | +€10,508 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.5% |
| Financial charges | 65/66B | €2,623 | €2,367 | -€256 | -9.8% |
| Recurring financial charges | 65 | €2,623 | €2,367 | -€256 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,008 | €7,755 | +€10,764 | |
| Income taxes | 67/77 | €547 | €3,256 | +€2,709 | +495.5% |
| Profit (loss) for the period | 9904 | -€3,555 | €4,499 | +€8,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,555 | €4,499 | +€8,054 |
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.