GIROTEX: 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.
GIROTEX
Largest movements
- Tangible fixed assets -€5,141
down €5,141 (-25.6%), from €20,088 to €14,947
- Receivables within one year +€4,600
up €4,600 (+52.4%), from €8,772 to €13,372
- Cash +€4,021
up €4,021 (+39.5%), from €10,170 to €14,191
mainly Trade debts (+€6,703) and Depreciation (+€5,141)
- Trade debts +€6,703
up €6,703 (+1119.0%), from €599 to €7,302
- Debts after one year -€4,457
down €4,457 (-31.1%), from €14,321 to €9,864
- Profit (loss) carried forward +€803
no longer reported in 2025 (was -€803)
- Tax, wage and social debts -€526
down €526 (-20.1%), from €2,622 to €2,096
of which Remuneration and social security: -€1,500
- Gross operating margin +€811
up €811 (+10.9%), from €7,426 to €8,237
- Taxes +€266
up €266 (+109.5%), from €243 to €509
- Other operating charges +€197
up €197 (+50.9%), from €387 to €584
- Financial charges -€190
down €190 (-19.4%), from €980 to €790
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 | €40,888 | €44,112 | +€3,224 | +7.9% |
| Fixed assets | 21/28 | €20,149 | €15,008 | -€5,141 | -25.5% |
| Tangible fixed assets | 22/27 | €20,088 | €14,947 | -€5,141 | -25.6% |
| Furniture and vehicles | 24 | €20,088 | €14,947 | -€5,141 | -25.6% |
| Financial fixed assets | 28 | €61 | €61 | = | 0.0% |
| Current assets | 29/58 | €20,739 | €29,104 | +€8,365 | +40.3% |
| Stocks and contracts in progress | 3 | €1,797 | €1,541 | -€256 | -14.2% |
| Stocks | 30/36 | €1,797 | €1,541 | -€256 | -14.2% |
| Amounts receivable within one year | 40/41 | €8,772 | €13,372 | +€4,600 | +52.4% |
| Trade receivables | 40 | €8,772 | €13,372 | +€4,600 | +52.4% |
| Cash at bank and in hand | 54/58 | €10,170 | €14,191 | +€4,021 | +39.5% |
| Total equity and liabilities | 10/49 | €40,888 | €44,112 | +€3,224 | +7.9% |
| Equity | 10/15 | €17,789 | €19,002 | +€1,213 | +6.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | - | €410 | +€410 | |
| Distributable reserves | 133 | - | €410 | +€410 | |
| Profit (loss) carried forward | 14 | -€803 | - | +€803 | |
| Amounts payable | 17/49 | €23,099 | €25,110 | +€2,011 | +8.7% |
| Amounts payable after more than one year | 17 | €14,321 | €9,864 | -€4,457 | -31.1% |
| Financial debts | 170/4 | €14,321 | €9,864 | -€4,457 | -31.1% |
| Amounts payable within one year | 42/48 | €8,778 | €15,246 | +€6,468 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | €4,287 | €4,458 | +€171 | +4.0% |
| Trade debts | 44 | €599 | €7,302 | +€6,703 | +1119.0% |
| Suppliers | 440/4 | €599 | €7,302 | +€6,703 | +1119.0% |
| Taxes, remuneration and social security | 45 | €2,622 | €2,096 | -€526 | -20.1% |
| Taxes | 450/3 | €1,122 | €2,096 | +€974 | +86.8% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €1,270 | €1,390 | +€120 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,141 | €5,141 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €584 | +€197 | +50.9% |
| Gross operating margin | 9900 | €7,426 | €8,237 | +€811 | +10.9% |
| Operating profit (loss) | 9901 | €1,898 | €2,512 | +€614 | +32.3% |
| Financial charges | 65/66B | €980 | €790 | -€190 | -19.4% |
| Recurring financial charges | 65 | €980 | €790 | -€190 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €918 | €1,722 | +€804 | +87.6% |
| Income taxes | 67/77 | €243 | €509 | +€266 | +109.5% |
| Profit (loss) for the period | 9904 | €675 | €1,213 | +€538 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €675 | €1,213 | +€538 | +79.7% |
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 2 October 2026 via checked.be.