GIRITRON: 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.
What changed
GIRITRON
NACE 26.110, Manufacture of computer, electronic and optical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€399,598
2024 · €426,628-€27,030
Equity
€3.0m
2024 · €2.7m+€324,598
Cash
€1.5m
2024 · €685,199+€805,840
Balance sheet total
€3.0m
2024 · €2.7m+€299,167
Largest movements
Assets
- Cash +€805,840
up €805,840 (+118%), from €685,199 to €1.5m
mainly Current investments (+€497,937) and Net result for the year (+€399,598)
- Current investments -€497,937
down €497,937 (-33.1%), from €1.5m to €1.0m
Equity and liabilities
- Reserves +€324,598
up €324,598 (+12.3%), from €2.6m to €3.0m
Income statement
- Financial income -€50,315
down €50,315 (-49.0%), from €102,642 to €52,327
- Gross operating margin +€25,514
up €25,514 (+4.8%), from €530,529 to €556,042
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.
Result 2024
€426,628
Gross operating margin
+€25,514
Depreciation
-€47
Other operating charges
+€74
Financial income
-€50,315
Financial charges
-€40
Taxes
-€2,216
Result 2025
€399,598
raises the resultlowers the result
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.
From operations
+€384,030
Investment
+€496,810
Financing
-€75,000
Cash 2024
€685,199
From operations (derived)
+€384,030
Net result for the year
+€399,598
Depreciation
+€27,746
Stocks and contracts
-€25,644
Receivables within one year
+€10,425
Deferred charges and accrued income
-€2,663
Smaller working-capital items
+€760
Tax, wage and social debts
-€24,747
Accrued charges and deferred income
-€1,444
Investment (derived)
+€496,810
Investment in fixed assets (net)
-€1,127
Current investments
+€497,937
Financing
-€75,000
Contributions, distributions and other
-€75,000
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,704,467 | €3,003,634 | +€299,167 | +11.1% |
| Fixed assets | 21/28 | €103,984 | €77,366 | -€26,619 | -25.6% |
| Tangible fixed assets | 22/27 | €103,984 | €77,366 | -€26,619 | -25.6% |
| Plant, machinery and equipment | 23 | €1,315 | €526 | -€789 | -60.0% |
| Furniture and vehicles | 24 | €100,717 | €75,235 | -€25,482 | -25.3% |
| Other tangible fixed assets | 26 | €1,952 | €1,605 | -€347 | -17.8% |
| Current assets | 29/58 | €2,600,483 | €2,926,268 | +€325,785 | +12.5% |
| Stocks and contracts in progress | 3 | €284,974 | €310,619 | +€25,644 | +9.0% |
| Stocks | 30/36 | €284,974 | €310,619 | +€25,644 | +9.0% |
| Amounts receivable within one year | 40/41 | €128,160 | €117,735 | -€10,425 | -8.1% |
| Trade receivables | 40 | €121,308 | €113,474 | -€7,834 | -6.5% |
| Other amounts receivable | 41 | €6,851 | €4,261 | -€2,591 | -37.8% |
| Current investments | 50/53 | €1,502,150 | €1,004,213 | -€497,937 | -33.1% |
| Cash at bank and in hand | 54/58 | €685,199 | €1,491,038 | +€805,840 | +118% |
| Deferred charges and accrued income | 490/1 | - | €2,663 | +€2,663 | |
| Total equity and liabilities | 10/49 | €2,704,467 | €3,003,634 | +€299,167 | +11.1% |
| Equity | 10/15 | €2,661,667 | €2,986,265 | +€324,598 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,643,067 | €2,967,665 | +€324,598 | +12.3% |
| Distributable reserves | 133 | €2,643,067 | €2,967,665 | +€324,598 | +12.3% |
| Amounts payable | 17/49 | €42,799 | €17,368 | -€25,431 | -59.4% |
| Amounts payable within one year | 42/48 | €40,593 | €16,606 | -€23,987 | -59.1% |
| Trade debts | 44 | - | €791 | +€791 | |
| Suppliers | 440/4 | - | €791 | +€791 | |
| Taxes, remuneration and social security | 45 | €36,743 | €11,996 | -€24,747 | -67.4% |
| Taxes | 450/3 | €36,743 | €11,996 | -€24,747 | -67.4% |
| Other amounts payable | 47/48 | €3,850 | €3,819 | -€31 | -0.8% |
| Accrued charges and deferred income | 492/3 | €2,206 | €763 | -€1,444 | -65.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,699 | €27,746 | +€47 | +0.2% |
| Other operating charges | 640/8 | €1,685 | €1,611 | -€74 | -4.4% |
| Gross operating margin | 9900 | €530,529 | €556,042 | +€25,514 | +4.8% |
| Operating profit (loss) | 9901 | €501,145 | €526,686 | +€25,541 | +5.1% |
| Financial income | 75/76B | €102,642 | €52,327 | -€50,315 | -49.0% |
| Recurring financial income | 75 | €102,642 | €52,327 | -€50,315 | -49.0% |
| Financial charges | 65/66B | €98 | €138 | +€40 | +41.2% |
| Recurring financial charges | 65 | €98 | €138 | +€40 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €603,689 | €578,875 | -€24,814 | -4.1% |
| Income taxes | 67/77 | €177,061 | €179,277 | +€2,216 | +1.3% |
| Profit (loss) for the period | 9904 | €426,628 | €399,598 | -€27,030 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €426,628 | €399,598 | -€27,030 | -6.3% |
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 20 October 2026 via checked.be.