GIREVCO: 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.
GIREVCO
Largest movements
- Receivables within one year +€5,346
up €5,346 (+16.2%), from €32,955 to €38,301
of which Trade receivables: +€3,756
- Tangible fixed assets +€2,962
up €2,962 (+192%), from €1,540 to €4,502
of which Furniture and vehicles: +€2,816
- Stocks and contracts -€2,148
no longer reported in 2025 (was €2,148)
- Cash +€1,739
up €1,739 (+164%), from €1,063 to €2,802
mainly Net result for the year (+€11,599) and Tax, wage and social debts (+€2,788)
- Deferred charges and accrued income +€1,403
up €1,403 (+9,381%), from €15 to €1,418
- Profit (loss) carried forward +€11,599
up €11,599 (+67.7%), from €17,138 to €28,737
- Short-term financial debts -€7,697
no longer reported in 2025 (was €7,697)
- Tax, wage and social debts +€2,788
up €2,788 (+58.9%), from €4,732 to €7,520
of which Remuneration and social security: +€1,738
- Trade debts +€2,611
up €2,611 (+113%), from €2,304 to €4,915
- Gross operating margin +€21,864
up €21,864, from -€4,431 to €17,433
- Taxes +€2,088
up €2,088 (+1,247%), from €167 to €2,255
- Depreciation +€1,374
up €1,374 (+162%), from €847 to €2,221
- Other operating charges +€724
up €724 (+131%), from €553 to €1,277
- Financial charges -€634
down €634 (-51.9%), from €1,221 to €587
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 | €38,232 | €47,534 | +€9,302 | +24.3% |
| Fixed assets | 21/28 | €2,050 | €5,012 | +€2,962 | +144% |
| Tangible fixed assets | 22/27 | €1,540 | €4,502 | +€2,962 | +192% |
| Plant, machinery and equipment | 23 | €967 | €1,113 | +€146 | +15.1% |
| Furniture and vehicles | 24 | €573 | €3,389 | +€2,816 | +491% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €36,182 | €42,522 | +€6,340 | +17.5% |
| Stocks and contracts in progress | 3 | €2,148 | - | -€2,148 | |
| Stocks | 30/36 | €2,148 | - | -€2,148 | |
| Amounts receivable within one year | 40/41 | €32,955 | €38,301 | +€5,346 | +16.2% |
| Trade receivables | 40 | €22,166 | €25,922 | +€3,756 | +16.9% |
| Other amounts receivable | 41 | €10,789 | €12,379 | +€1,590 | +14.7% |
| Cash at bank and in hand | 54/58 | €1,063 | €2,802 | +€1,739 | +164% |
| Deferred charges and accrued income | 490/1 | €15 | €1,418 | +€1,403 | +9,381% |
| Total equity and liabilities | 10/49 | €38,232 | €47,534 | +€9,302 | +24.3% |
| Equity | 10/15 | €23,500 | €35,099 | +€11,599 | +49.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161 | €161 | = | 0.0% |
| Distributable reserves | 133 | €161 | €161 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,138 | €28,737 | +€11,599 | +67.7% |
| Amounts payable | 17/49 | €14,732 | €12,435 | -€2,297 | -15.6% |
| Amounts payable within one year | 42/48 | €14,732 | €12,435 | -€2,297 | -15.6% |
| Financial debts | 43 | €7,697 | - | -€7,697 | |
| Credit institutions | 430/8 | €7,697 | - | -€7,697 | |
| Trade debts | 44 | €2,304 | €4,915 | +€2,611 | +113% |
| Suppliers | 440/4 | €2,304 | €4,915 | +€2,611 | +113% |
| Taxes, remuneration and social security | 45 | €4,732 | €7,520 | +€2,788 | +58.9% |
| Taxes | 450/3 | €1,372 | €2,423 | +€1,050 | +76.5% |
| Remuneration and social security | 454/9 | €3,359 | €5,097 | +€1,738 | +51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €2,221 | +€1,374 | +162% |
| Other operating charges | 640/8 | €553 | €1,277 | +€724 | +131% |
| Gross operating margin | 9900 | -€4,431 | €17,433 | +€21,864 | |
| Operating profit (loss) | 9901 | -€5,831 | €13,934 | +€19,766 | |
| Financial income | 75/76B | €334 | €507 | +€173 | +51.8% |
| Recurring financial income | 75 | €334 | €507 | +€173 | +51.8% |
| Financial charges | 65/66B | €1,221 | €587 | -€634 | -51.9% |
| Recurring financial charges | 65 | €1,221 | €587 | -€634 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,719 | €13,854 | +€20,573 | |
| Income taxes | 67/77 | €167 | €2,255 | +€2,088 | +1,247% |
| Profit (loss) for the period | 9904 | -€6,886 | €11,599 | +€18,485 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,886 | €11,599 | +€18,485 |
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.