GIRIAN: 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.
GIRIAN
Largest movements
- Current investments +€40,793
up €40,793 (+6.7%), from €610,165 to €650,958
- Tangible fixed assets -€13,298
down €13,298 (-47.0%), from €28,317 to €15,019
of which Furniture and vehicles: -€12,066
- Cash -€8,064
down €8,064 (-14.2%), from €56,950 to €48,886
mainly Current investments (-€40,793) and Tax, wage and social debts (-€10,758)
- Reserves +€38,762
up €38,762 (+6.4%), from €602,356 to €641,118
- Tax, wage and social debts -€10,758
down €10,758 (-48.7%), from €22,081 to €11,323
- Debts after one year -€10,645
down €10,645 (-100%), from €10,645 to €0
- Gross operating margin -€45,122
down €45,122 (-41.3%), from €109,297 to €64,175
- Financial charges +€13,936
up €13,936, from -€12,748 to €1,188
- Taxes -€13,450
down €13,450 (-47.4%), from €28,367 to €14,918
- Depreciation -€1,539
down €1,539 (-9.5%), from €16,201 to €14,662
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 | €710,483 | €726,916 | +€16,433 | +2.3% |
| Fixed assets | 21/28 | €28,317 | €15,019 | -€13,298 | -47.0% |
| Tangible fixed assets | 22/27 | €28,317 | €15,019 | -€13,298 | -47.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €25,494 | €13,428 | -€12,066 | -47.3% |
| Other tangible fixed assets | 26 | €2,823 | €1,591 | -€1,232 | -43.6% |
| Current assets | 29/58 | €682,166 | €711,897 | +€29,731 | +4.4% |
| Amounts receivable within one year | 40/41 | €1,843 | €1,942 | +€99 | +5.4% |
| Other amounts receivable | 41 | €1,843 | €1,942 | +€99 | +5.4% |
| Current investments | 50/53 | €610,165 | €650,958 | +€40,793 | +6.7% |
| Cash at bank and in hand | 54/58 | €56,950 | €48,886 | -€8,064 | -14.2% |
| Deferred charges and accrued income | 490/1 | €13,208 | €10,111 | -€3,097 | -23.4% |
| Total equity and liabilities | 10/49 | €710,483 | €726,916 | +€16,433 | +2.3% |
| Equity | 10/15 | €660,521 | €699,283 | +€38,762 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €602,356 | €641,118 | +€38,762 | +6.4% |
| Distributable reserves | 133 | €602,356 | €641,118 | +€38,762 | +6.4% |
| Profit (loss) carried forward | 14 | €39,565 | €39,565 | = | 0.0% |
| Amounts payable | 17/49 | €49,962 | €27,633 | -€22,329 | -44.7% |
| Amounts payable after more than one year | 17 | €10,645 | €0 | -€10,645 | -100% |
| Financial debts | 170/4 | €10,645 | €0 | -€10,645 | -100% |
| Amounts payable within one year | 42/48 | €39,317 | €27,633 | -€11,684 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €10,506 | €10,645 | +€139 | +1.3% |
| Financial debts | 43 | €5,071 | €5,048 | -€23 | -0.5% |
| Credit institutions | 430/8 | €5,071 | €5,048 | -€23 | -0.5% |
| Trade debts | 44 | €1,360 | €253 | -€1,107 | -81.4% |
| Suppliers | 440/4 | €1,360 | €253 | -€1,107 | -81.4% |
| Taxes, remuneration and social security | 45 | €22,081 | €11,323 | -€10,758 | -48.7% |
| Taxes | 450/3 | €22,081 | €11,323 | -€10,758 | -48.7% |
| Other amounts payable | 47/48 | €299 | €364 | +€65 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,201 | €14,662 | -€1,539 | -9.5% |
| Other operating charges | 640/8 | €654 | €844 | +€190 | +29.0% |
| Gross operating margin | 9900 | €109,297 | €64,175 | -€45,122 | -41.3% |
| Operating profit (loss) | 9901 | €92,442 | €48,670 | -€43,773 | -47.4% |
| Financial income | 75/76B | €5,491 | €6,198 | +€707 | +12.9% |
| Recurring financial income | 75 | €5,491 | €6,198 | +€707 | +12.9% |
| Financial charges | 65/66B | -€12,748 | €1,188 | +€13,936 | |
| Recurring financial charges | 65 | -€12,748 | €1,188 | +€13,936 | |
| Profit (loss) for the period before taxes | 9903 | €110,681 | €53,680 | -€57,001 | -51.5% |
| Income taxes | 67/77 | €28,367 | €14,918 | -€13,450 | -47.4% |
| Profit (loss) for the period | 9904 | €82,314 | €38,762 | -€43,552 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,314 | €38,762 | -€43,552 | -52.9% |
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 28 October 2026 via checked.be.