GIRISHYA: what changed
Two fiscal 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.
GIRISHYA
Largest movements
- Receivables within one year -€21,844
down €21,844 (-98.7%), from €22,132 to €288
of which Other amounts receivable: -€20,414
- Cash +€17,479
new in 2025: €17,479
mainly Other debts (+€38,942) and Receivables within one year (+€21,844)
- Deferred charges and accrued income -€7,260
down €7,260 (-73.4%), from €9,897 to €2,637
- Tangible fixed assets -€7,160
down €7,160 (-29.5%), from €24,251 to €17,091
- Profit (loss) carried forward -€49,508
new in 2025: -€49,508
- Other debts +€38,942
up €38,942 (+4533.4%), from €859 to €39,801
- Debts after one year -€6,492
down €6,492 (-37.5%), from €17,334 to €10,841
- Tax, wage and social debts -€1,274
down €1,274 (-98.4%), from €1,295 to €20
- Short-term financial debts -€909
no longer reported in 2025 (was €909)
- Financial charges +€70,183
up €70,183 (+5477.7%), from €1,281 to €71,464
- Gross operating margin +€5,689
up €5,689 (+24.5%), from €23,247 to €28,937
- Taxes -€4,808
down €4,808 (-95.8%), from €5,020 to €212
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 | €56,279 | €37,493 | -€18,786 | -33.4% |
| Fixed assets | 21/28 | €24,251 | €17,091 | -€7,160 | -29.5% |
| Tangible fixed assets | 22/27 | €24,251 | €17,091 | -€7,160 | -29.5% |
| Furniture and vehicles | 24 | €24,251 | €17,091 | -€7,160 | -29.5% |
| Current assets | 29/58 | €32,028 | €20,403 | -€11,625 | -36.3% |
| Amounts receivable within one year | 40/41 | €22,132 | €288 | -€21,844 | -98.7% |
| Trade receivables | 40 | €1,429 | - | -€1,429 | |
| Other amounts receivable | 41 | €20,702 | €288 | -€20,414 | -98.6% |
| Cash at bank and in hand | 54/58 | - | €17,479 | +€17,479 | |
| Deferred charges and accrued income | 490/1 | €9,897 | €2,637 | -€7,260 | -73.4% |
| Total equity and liabilities | 10/49 | €56,279 | €37,493 | -€18,786 | -33.4% |
| Equity | 10/15 | €29,447 | -€20,061 | -€49,508 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €29,347 | €29,347 | = | 0.0% |
| Distributable reserves | 133 | €29,347 | €29,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€49,508 | -€49,508 | |
| Amounts payable | 17/49 | €26,832 | €57,555 | +€30,723 | +114.5% |
| Amounts payable after more than one year | 17 | €17,334 | €10,841 | -€6,492 | -37.5% |
| Financial debts | 170/4 | €17,334 | €10,841 | -€6,492 | -37.5% |
| Amounts payable within one year | 42/48 | €9,499 | €46,714 | +€37,215 | +391.8% |
| Current portion of amounts payable after more than one year | 42 | €6,231 | €6,492 | +€262 | +4.2% |
| Financial debts | 43 | €909 | - | -€909 | |
| Credit institutions | 430/8 | €909 | - | -€909 | |
| Trade debts | 44 | €205 | €400 | +€196 | +95.6% |
| Suppliers | 440/4 | €205 | €400 | +€196 | +95.6% |
| Taxes, remuneration and social security | 45 | €1,295 | €20 | -€1,274 | -98.4% |
| Taxes | 450/3 | €1,295 | €20 | -€1,274 | -98.4% |
| Other amounts payable | 47/48 | €859 | €39,801 | +€38,942 | +4533.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,130 | €7,160 | +€30 | +0.4% |
| Other operating charges | 640/8 | €180 | €184 | +€5 | +2.7% |
| Gross operating margin | 9900 | €23,247 | €28,937 | +€5,689 | +24.5% |
| Operating profit (loss) | 9901 | €15,938 | €21,592 | +€5,654 | +35.5% |
| Financial income | 75/76B | €483 | €577 | +€93 | +19.3% |
| Recurring financial income | 75 | €483 | €577 | +€93 | +19.3% |
| Financial charges | 65/66B | €1,281 | €71,464 | +€70,183 | +5477.7% |
| Recurring financial charges | 65 | €1,281 | €71,464 | +€70,183 | +5477.7% |
| Profit (loss) for the period before taxes | 9903 | €15,140 | -€49,296 | -€64,436 | |
| Income taxes | 67/77 | €5,020 | €212 | -€4,808 | -95.8% |
| Profit (loss) for the period | 9904 | €10,120 | -€49,508 | -€59,628 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,120 | -€49,508 | -€59,628 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.