GIRI: 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.
GIRI
Largest movements
- Cash -€55,616
down €55,616 (-60.0%), from €92,638 to €37,021
mainly Investment in fixed assets (net) (-€46,371) and Contributions, distributions and other (-€32,249)
- Tangible fixed assets +€31,858
up €31,858 (+110%), from €28,883 to €60,742
of which Furniture and vehicles: +€28,161
- Receivables within one year +€4,151
up €4,151 (+134%), from €3,100 to €7,252
of which Trade receivables: +€4,615
- Intangible fixed assets -€3,467
down €3,467 (-19.4%), from €17,862 to €14,395
- Debts after one year -€9,607
no longer reported in 2025 (was €9,607)
- Current portion of long-term debt -€6,691
down €6,691 (-41.1%), from €16,298 to €9,607
- Reserves -€3,634
down €3,634 (-3.7%), from €97,859 to €94,224
- Tax, wage and social debts -€3,503
down €3,503 (-50.7%), from €6,914 to €3,410
of which Remuneration and social security: -€3,361
- Staff costs -€19,165
down €19,165 (-31.2%), from €61,495 to €42,329
- Gross operating margin -€16,296
down €16,296 (-13.2%), from €123,170 to €106,874
- Depreciation +€4,393
up €4,393 (+33.4%), from €13,167 to €17,560
- Taxes +€2,208
up €2,208 (+24.4%), from €9,049 to €11,257
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 | €146,988 | €125,012 | -€21,976 | -15.0% |
| Fixed assets | 21/28 | €46,745 | €75,557 | +€28,811 | +61.6% |
| Intangible fixed assets | 21 | €17,862 | €14,395 | -€3,467 | -19.4% |
| Tangible fixed assets | 22/27 | €28,883 | €60,742 | +€31,858 | +110% |
| Plant, machinery and equipment | 23 | €1,250 | €9,648 | +€8,398 | +672% |
| Furniture and vehicles | 24 | €1,250 | €29,411 | +€28,161 | +2,253% |
| Other tangible fixed assets | 26 | €26,383 | €21,683 | -€4,700 | -17.8% |
| Financial fixed assets | 28 | - | €420 | +€420 | |
| Current assets | 29/58 | €100,243 | €49,455 | -€50,788 | -50.7% |
| Stocks and contracts in progress | 3 | €4,146 | €4,833 | +€687 | +16.6% |
| Stocks | 30/36 | €4,146 | €4,833 | +€687 | +16.6% |
| Amounts receivable within one year | 40/41 | €3,100 | €7,252 | +€4,151 | +134% |
| Trade receivables | 40 | €35 | €4,650 | +€4,615 | +13,206% |
| Other amounts receivable | 41 | €3,065 | €2,601 | -€464 | -15.1% |
| Cash at bank and in hand | 54/58 | €92,638 | €37,021 | -€55,616 | -60.0% |
| Deferred charges and accrued income | 490/1 | €359 | €349 | -€10 | -2.8% |
| Total equity and liabilities | 10/49 | €146,988 | €125,012 | -€21,976 | -15.0% |
| Equity | 10/15 | €102,859 | €99,224 | -€3,634 | -3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,859 | €94,224 | -€3,634 | -3.7% |
| Distributable reserves | 133 | €97,859 | €94,224 | -€3,634 | -3.7% |
| Amounts payable | 17/49 | €44,130 | €25,788 | -€18,342 | -41.6% |
| Amounts payable after more than one year | 17 | €9,607 | - | -€9,607 | |
| Financial debts | 170/4 | €9,607 | - | -€9,607 | |
| Amounts payable within one year | 42/48 | €34,523 | €25,788 | -€8,735 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €16,298 | €9,607 | -€6,691 | -41.1% |
| Trade debts | 44 | €9,711 | €11,171 | +€1,460 | +15.0% |
| Suppliers | 440/4 | €9,711 | €11,171 | +€1,460 | +15.0% |
| Taxes, remuneration and social security | 45 | €6,914 | €3,410 | -€3,503 | -50.7% |
| Taxes | 450/3 | €3,552 | €3,410 | -€142 | -4.0% |
| Remuneration and social security | 454/9 | €3,361 | - | -€3,361 | |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €61,495 | €42,329 | -€19,165 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,167 | €17,560 | +€4,393 | +33.4% |
| Other operating charges | 640/8 | €2,865 | €2,155 | -€711 | -24.8% |
| Gross operating margin | 9900 | €123,170 | €106,874 | -€16,296 | -13.2% |
| Operating profit (loss) | 9901 | €45,643 | €44,830 | -€813 | -1.8% |
| Financial income | 75/76B | €555 | €820 | +€265 | +47.7% |
| Recurring financial income | 75 | €555 | €820 | +€265 | +47.7% |
| Financial charges | 65/66B | €4,900 | €5,778 | +€878 | +17.9% |
| Recurring financial charges | 65 | €4,900 | €5,778 | +€878 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €41,298 | €39,872 | -€1,426 | -3.5% |
| Income taxes | 67/77 | €9,049 | €11,257 | +€2,208 | +24.4% |
| Profit (loss) for the period | 9904 | €32,249 | €28,615 | -€3,634 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,249 | €28,615 | -€3,634 | -11.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.