GIROCO: what changed
GIROCO
Largest movements
- Cash +€8,720
up €8,720 (+49.0%), from €17,807 to €26,527
mainly Other debts (+€23,072) and Trade debts (+€12,783)
- Tangible fixed assets +€4,757
up €4,757 (+891%), from €534 to €5,291
of which Land and buildings: +€5,082
- Other debts +€23,072
up €23,072 (+27.7%), from €83,241 to €106,312
- Trade debts +€12,783
up €12,783 (+67,455%), from €19 to €12,802
- Current portion of long-term debt -€10,000
down €10,000 (-100%), from €10,000 to €0
- Profit (loss) carried forward -€7,572
new in 2025: -€7,572
- Tax, wage and social debts -€3,390
down €3,390 (-19.5%), from €17,391 to €14,002
of which Remuneration and social security: -€3,038
- Gross operating margin -€46,458
down €46,458, from €40,546 to -€5,912
- Taxes -€12,185
down €12,185 (-94.6%), from €12,877 to €691
- Other operating charges -€535
down €535 (-80.3%), from €666 to €131
- Financial charges -€430
down €430 (-47.7%), from €902 to €472
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,369 | €154,443 | +€15,074 | +10.8% |
| Fixed assets | 21/28 | €100,534 | €105,291 | +€4,757 | +4.7% |
| Tangible fixed assets | 22/27 | €534 | €5,291 | +€4,757 | +891% |
| Land and buildings | 22 | - | €5,082 | +€5,082 | |
| Furniture and vehicles | 24 | €534 | €209 | -€325 | -60.8% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €38,835 | €49,152 | +€10,317 | +26.6% |
| Amounts receivable within one year | 40/41 | €2,278 | €3,748 | +€1,469 | +64.5% |
| Trade receivables | 40 | - | €3,411 | +€3,411 | |
| Other amounts receivable | 41 | €2,278 | €337 | -€1,941 | -85.2% |
| Cash at bank and in hand | 54/58 | €17,807 | €26,527 | +€8,720 | +49.0% |
| Deferred charges and accrued income | 490/1 | €18,750 | €18,877 | +€127 | +0.7% |
| Total equity and liabilities | 10/49 | €139,369 | €154,443 | +€15,074 | +10.8% |
| Equity | 10/15 | €28,718 | €21,147 | -€7,572 | -26.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,718 | €25,718 | = | 0.0% |
| Distributable reserves | 133 | €25,718 | €25,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,572 | -€7,572 | |
| Amounts payable | 17/49 | €110,651 | €133,296 | +€22,646 | +20.5% |
| Amounts payable within one year | 42/48 | €110,651 | €133,116 | +€22,465 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €0 | -€10,000 | -100% |
| Trade debts | 44 | €19 | €12,802 | +€12,783 | +67,455% |
| Suppliers | 440/4 | €19 | €12,802 | +€12,783 | +67,455% |
| Taxes, remuneration and social security | 45 | €17,391 | €14,002 | -€3,390 | -19.5% |
| Taxes | 450/3 | €14,354 | €14,002 | -€352 | -2.5% |
| Remuneration and social security | 454/9 | €3,038 | €0 | -€3,038 | -100% |
| Other amounts payable | 47/48 | €83,241 | €106,312 | +€23,072 | +27.7% |
| Accrued charges and deferred income | 492/3 | - | €181 | +€181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €365 | -€75 | -17.0% |
| Other operating charges | 640/8 | €666 | €131 | -€535 | -80.3% |
| Gross operating margin | 9900 | €40,546 | -€5,912 | -€46,458 | |
| Operating profit (loss) | 9901 | €39,440 | -€6,408 | -€45,849 | |
| Financial income | 75/76B | €57 | €0 | -€57 | -100% |
| Recurring financial income | 75 | €57 | €0 | -€57 | -100% |
| Financial charges | 65/66B | €902 | €472 | -€430 | -47.7% |
| Recurring financial charges | 65 | €902 | €472 | -€430 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €38,595 | -€6,880 | -€45,475 | |
| Income taxes | 67/77 | €12,877 | €691 | -€12,185 | -94.6% |
| Profit (loss) for the period | 9904 | €25,718 | -€7,572 | -€33,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,718 | -€7,572 | -€33,290 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.