GIRO - MAT: 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.
GIRO - MAT
Largest movements
- Tangible fixed assets +€117,193
up €117,193 (+77.1%), from €151,956 to €269,149
of which Land and buildings: +€213,330
- Receivables within one year -€77,489
down €77,489 (-97.0%), from €79,856 to €2,367
of which Trade receivables: -€45,217
- Cash -€30,862
down €30,862 (-82.2%), from €37,562 to €6,700
mainly Investment in fixed assets (net) (-€117,193) and Net result for the year (-€31,648)
- Other debts +€100,000
up €100,000 (+700%), from €14,284 to €114,284
- Profit (loss) carried forward -€31,648
down €31,648 (-24.3%), from €130,454 to €98,807
- Short-term financial debts -€30,569
no longer reported in 2025 (was €30,569)
- Debts after one year -€26,220
no longer reported in 2025 (was €26,220)
- Current portion of long-term debt +€26,220
new in 2025: €26,220
- Gross operating margin -€45,035
down €45,035 (-76.4%), from €58,922 to €13,886
- Other operating charges +€13,531
up €13,531 (+364%), from €3,720 to €17,251
- Taxes -€11,369
no longer reported in 2025 (was €11,369)
- Depreciation -€11,000
no longer reported in 2025 (was €11,000)
- Staff costs -€1,569
down €1,569, from €836 to -€733
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 | €273,435 | €280,007 | +€6,572 | +2.4% |
| Fixed assets | 21/28 | €152,091 | €269,284 | +€117,193 | +77.1% |
| Tangible fixed assets | 22/27 | €151,956 | €269,149 | +€117,193 | +77.1% |
| Land and buildings | 22 | €55,819 | €269,149 | +€213,330 | +382% |
| Leasing and similar rights | 25 | €96,137 | - | -€96,137 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €121,344 | €10,723 | -€110,621 | -91.2% |
| Amounts receivable within one year | 40/41 | €79,856 | €2,367 | -€77,489 | -97.0% |
| Trade receivables | 40 | €45,221 | €4 | -€45,217 | -100.0% |
| Other amounts receivable | 41 | €34,635 | €2,363 | -€32,272 | -93.2% |
| Cash at bank and in hand | 54/58 | €37,562 | €6,700 | -€30,862 | -82.2% |
| Deferred charges and accrued income | 490/1 | €3,927 | €1,656 | -€2,270 | -57.8% |
| Total equity and liabilities | 10/49 | €273,435 | €280,007 | +€6,572 | +2.4% |
| Equity | 10/15 | €170,774 | €139,126 | -€31,648 | -18.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,728 | €21,728 | = | 0.0% |
| Distributable reserves | 133 | €21,728 | €21,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,454 | €98,807 | -€31,648 | -24.3% |
| Amounts payable | 17/49 | €102,661 | €140,881 | +€38,219 | +37.2% |
| Amounts payable after more than one year | 17 | €26,220 | - | -€26,220 | |
| Financial debts | 170/4 | €26,220 | - | -€26,220 | |
| Amounts payable within one year | 42/48 | €75,781 | €140,503 | +€64,722 | +85.4% |
| Current portion of amounts payable after more than one year | 42 | - | €26,220 | +€26,220 | |
| Financial debts | 43 | €30,569 | - | -€30,569 | |
| Credit institutions | 430/8 | €30,569 | - | -€30,569 | |
| Trade debts | 44 | €19,559 | - | -€19,559 | |
| Suppliers | 440/4 | €19,559 | - | -€19,559 | |
| Taxes, remuneration and social security | 45 | €11,369 | - | -€11,369 | |
| Taxes | 450/3 | €11,369 | - | -€11,369 | |
| Other amounts payable | 47/48 | €14,284 | €114,284 | +€100,000 | +700% |
| Accrued charges and deferred income | 492/3 | €661 | €377 | -€283 | -42.9% |
| Remuneration, social security and pensions | 62 | €836 | -€733 | -€1,569 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,000 | - | -€11,000 | |
| Other operating charges | 640/8 | €3,720 | €17,251 | +€13,531 | +364% |
| Non-recurring operating charges | 66A | - | €27,845 | +€27,845 | |
| Gross operating margin | 9900 | €58,922 | €13,886 | -€45,035 | -76.4% |
| Operating profit (loss) | 9901 | €43,365 | -€30,477 | -€73,843 | |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €1,804 | €1,189 | -€615 | -34.1% |
| Recurring financial charges | 65 | €1,804 | €1,189 | -€615 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €41,562 | -€31,648 | -€73,209 | |
| Income taxes | 67/77 | €11,369 | - | -€11,369 | |
| Profit (loss) for the period | 9904 | €30,192 | -€31,648 | -€61,840 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,192 | -€31,648 | -€61,840 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.