Girati: 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.
Girati
Largest movements
- Intangible fixed assets -€10,936
down €10,936 (-13.2%), from €82,541 to €71,605
- Receivables within one year +€8,116
up €8,116 (+244.9%), from €3,314 to €11,430
of which Trade receivables: +€10,495
- Tangible fixed assets +€3,275
up €3,275 (+389.8%), from €840 to €4,115
- Cash +€1,461
up €1,461 (+90.1%), from €1,622 to €3,082
mainly Other debts (+€15,023) and Depreciation (+€12,251)
- Debts after one year -€20,516
down €20,516 (-85.6%), from €23,963 to €3,447
- Other debts +€15,023
up €15,023 (+20.0%), from €75,273 to €90,296
- Trade debts +€11,499
up €11,499 (+657.2%), from €1,750 to €13,248
- Profit (loss) carried forward -€4,822
down €4,822 (-5.5%), from -€87,201 to -€92,024
- Gross operating margin +€27,811
up €27,811, from -€18,017 to €9,794
- Depreciation +€915
up €915 (+8.1%), from €11,336 to €12,251
- Financial charges -€865
down €865 (-25.7%), from €3,369 to €2,504
- Financial income -€250
down €250 (-49.1%), from €509 to €259
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 | €95,591 | €96,701 | +€1,110 | +1.2% |
| Fixed assets | 21/28 | €83,381 | €75,720 | -€7,661 | -9.2% |
| Intangible fixed assets | 21 | €82,541 | €71,605 | -€10,936 | -13.2% |
| Tangible fixed assets | 22/27 | €840 | €4,115 | +€3,275 | +389.8% |
| Plant, machinery and equipment | 23 | €840 | €4,115 | +€3,275 | +389.8% |
| Current assets | 29/58 | €12,210 | €20,981 | +€8,771 | +71.8% |
| Stocks and contracts in progress | 3 | €7,274 | €6,382 | -€892 | -12.3% |
| Stocks | 30/36 | €7,274 | €6,382 | -€892 | -12.3% |
| Amounts receivable within one year | 40/41 | €3,314 | €11,430 | +€8,116 | +244.9% |
| Trade receivables | 40 | €660 | €11,155 | +€10,495 | +1590.1% |
| Other amounts receivable | 41 | €2,654 | €275 | -€2,379 | -89.6% |
| Cash at bank and in hand | 54/58 | €1,622 | €3,082 | +€1,461 | +90.1% |
| Deferred charges and accrued income | 490/1 | - | €87 | +€87 | |
| Total equity and liabilities | 10/49 | €95,591 | €96,701 | +€1,110 | +1.2% |
| Equity | 10/15 | -€77,201 | -€82,024 | -€4,822 | -6.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,201 | -€92,024 | -€4,822 | -5.5% |
| Amounts payable | 17/49 | €172,792 | €178,724 | +€5,932 | +3.4% |
| Amounts payable after more than one year | 17 | €23,963 | €3,447 | -€20,516 | -85.6% |
| Financial debts | 170/4 | €23,963 | €3,447 | -€20,516 | -85.6% |
| Amounts payable within one year | 42/48 | €148,829 | €175,277 | +€26,448 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €68,850 | €69,135 | +€285 | +0.4% |
| Trade debts | 44 | €1,750 | €13,248 | +€11,499 | +657.2% |
| Suppliers | 440/4 | €1,750 | €13,248 | +€11,499 | +657.2% |
| Taxes, remuneration and social security | 45 | €2,956 | €2,597 | -€359 | -12.1% |
| Taxes | 450/3 | €2,956 | €2,597 | -€359 | -12.1% |
| Other amounts payable | 47/48 | €75,273 | €90,296 | +€15,023 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,336 | €12,251 | +€915 | +8.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€18,017 | €9,794 | +€27,811 | |
| Operating profit (loss) | 9901 | -€29,471 | -€2,578 | +€26,893 | +91.3% |
| Financial income | 75/76B | €509 | €259 | -€250 | -49.1% |
| Recurring financial income | 75 | €509 | €259 | -€250 | -49.1% |
| Financial charges | 65/66B | €3,369 | €2,504 | -€865 | -25.7% |
| Recurring financial charges | 65 | €3,369 | €2,504 | -€865 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,331 | -€4,822 | +€27,509 | +85.1% |
| Profit (loss) for the period | 9904 | -€32,331 | -€4,822 | +€27,509 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,331 | -€4,822 | +€27,509 | +85.1% |
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.