Gireco: 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.
Gireco
Largest movements
- Cash +€15,299
up €15,299 (+70.8%), from €21,599 to €36,898
mainly Other debts (+€42,075) and Net result for the year (+€15,913)
- Receivables within one year +€6,091
up €6,091 (+17.9%), from €34,079 to €40,171
of which Other amounts receivable: +€4,792
- Tangible fixed assets -€2,496
down €2,496 (-41.6%), from €6,005 to €3,509
of which Plant, machinery and equipment: -€1,349
- Other debts +€42,075
up €42,075, from €0 to €42,075
- Reserves -€33,587
down €33,587 (-67.8%), from €49,573 to €15,986
- Tax, wage and social debts +€10,313
up €10,313 (+473%), from €2,180 to €12,493
- Gross operating margin -€6,154
down €6,154 (-19.6%), from €31,377 to €25,224
- Taxes -€1,343
down €1,343 (-14.8%), from €9,101 to €7,758
- Financial income +€454
up €454 (+37.1%), from €1,223 to €1,678
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 | €63,022 | €81,793 | +€18,770 | +29.8% |
| Fixed assets | 21/28 | €6,005 | €3,509 | -€2,496 | -41.6% |
| Tangible fixed assets | 22/27 | €6,005 | €3,509 | -€2,496 | -41.6% |
| Plant, machinery and equipment | 23 | €3,613 | €2,265 | -€1,349 | -37.3% |
| Furniture and vehicles | 24 | €1,278 | €730 | -€547 | -42.8% |
| Other tangible fixed assets | 26 | €1,115 | €515 | -€600 | -53.8% |
| Current assets | 29/58 | €57,017 | €78,283 | +€21,266 | +37.3% |
| Amounts receivable within one year | 40/41 | €34,079 | €40,171 | +€6,091 | +17.9% |
| Trade receivables | 40 | €2,860 | €4,160 | +€1,300 | +45.4% |
| Other amounts receivable | 41 | €31,219 | €36,011 | +€4,792 | +15.3% |
| Cash at bank and in hand | 54/58 | €21,599 | €36,898 | +€15,299 | +70.8% |
| Deferred charges and accrued income | 490/1 | €1,338 | €1,215 | -€124 | -9.3% |
| Total equity and liabilities | 10/49 | €63,022 | €81,793 | +€18,770 | +29.8% |
| Equity | 10/15 | €59,573 | €25,986 | -€33,587 | -56.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €49,573 | €15,986 | -€33,587 | -67.8% |
| Distributable reserves | 133 | €49,573 | €15,986 | -€33,587 | -67.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,450 | €55,807 | +€52,357 | +1,518% |
| Amounts payable within one year | 42/48 | €3,450 | €55,807 | +€52,357 | +1,518% |
| Trade debts | 44 | €1,270 | €1,239 | -€31 | -2.4% |
| Suppliers | 440/4 | €1,270 | €1,239 | -€31 | -2.4% |
| Taxes, remuneration and social security | 45 | €2,180 | €12,493 | +€10,313 | +473% |
| Taxes | 450/3 | €2,180 | €12,493 | +€10,313 | +473% |
| Other amounts payable | 47/48 | €0 | €42,075 | +€42,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,402 | €2,496 | +€94 | +3.9% |
| Other operating charges | 640/8 | €535 | €520 | -€16 | -2.9% |
| Gross operating margin | 9900 | €31,377 | €25,224 | -€6,154 | -19.6% |
| Operating profit (loss) | 9901 | €28,440 | €22,208 | -€6,232 | -21.9% |
| Financial income | 75/76B | €1,223 | €1,678 | +€454 | +37.1% |
| Recurring financial income | 75 | €1,223 | €1,678 | +€454 | +37.1% |
| Financial charges | 65/66B | €185 | €214 | +€29 | +15.7% |
| Recurring financial charges | 65 | €185 | €214 | +€29 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €29,479 | €23,671 | -€5,807 | -19.7% |
| Income taxes | 67/77 | €9,101 | €7,758 | -€1,343 | -14.8% |
| Profit (loss) for the period | 9904 | €20,378 | €15,913 | -€4,464 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,378 | €15,913 | -€4,464 | -21.9% |
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 23 October 2026 via checked.be.