GIRRAV: 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.
GIRRAV
Largest movements
- Cash +€39,394
up €39,394 (+470%), from €8,388 to €47,782
mainly Net result for the year (+€28,919) and Debts after one year (+€23,471)
- Tangible fixed assets +€34,623
up €34,623 (+296%), from €11,699 to €46,322
of which Furniture and vehicles: +€30,072
- Deferred charges and accrued income -€4,424
down €4,424 (-29.9%), from €14,816 to €10,392
- Profit (loss) carried forward +€24,761
no longer reported in 2025 (was -€24,761)
- Debts after one year +€23,471
new in 2025: €23,471
- Current portion of long-term debt +€7,064
new in 2025: €7,064
- Other debts +€7,055
up €7,055 (+20.1%), from €35,013 to €42,068
- Reserves +€4,159
up €4,159 (+12.7%), from €32,734 to €36,893
- Gross operating margin +€52,696
up €52,696, from -€7,640 to €45,056
- Depreciation +€7,184
up €7,184 (+258%), from €2,782 to €9,965
- Taxes +€3,004
up €3,004 (+2,513%), from €120 to €3,124
- Financial charges +€1,618
up €1,618, from -€94 to €1,524
- Other operating charges +€1,258
up €1,258 (+463%), from €272 to €1,529
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 | €56,576 | €125,589 | +€69,013 | +122% |
| Fixed assets | 21/28 | €11,699 | €46,322 | +€34,623 | +296% |
| Tangible fixed assets | 22/27 | €11,699 | €46,322 | +€34,623 | +296% |
| Plant, machinery and equipment | 23 | €3,457 | €8,008 | +€4,551 | +132% |
| Furniture and vehicles | 24 | €8,242 | €38,314 | +€30,072 | +365% |
| Current assets | 29/58 | €44,877 | €79,267 | +€34,391 | +76.6% |
| Amounts receivable within one year | 40/41 | €21,673 | €21,093 | -€579 | -2.7% |
| Trade receivables | 40 | €15,448 | €13,493 | -€1,956 | -12.7% |
| Other amounts receivable | 41 | €6,224 | €7,600 | +€1,376 | +22.1% |
| Cash at bank and in hand | 54/58 | €8,388 | €47,782 | +€39,394 | +470% |
| Deferred charges and accrued income | 490/1 | €14,816 | €10,392 | -€4,424 | -29.9% |
| Total equity and liabilities | 10/49 | €56,576 | €125,589 | +€69,013 | +122% |
| Equity | 10/15 | €15,973 | €44,893 | +€28,919 | +181% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €32,734 | €36,893 | +€4,159 | +12.7% |
| Distributable reserves | 133 | €32,734 | €36,893 | +€4,159 | +12.7% |
| Profit (loss) carried forward | 14 | -€24,761 | - | +€24,761 | |
| Amounts payable | 17/49 | €40,602 | €80,696 | +€40,094 | +98.7% |
| Amounts payable after more than one year | 17 | - | €23,471 | +€23,471 | |
| Financial debts | 170/4 | - | €23,471 | +€23,471 | |
| Amounts payable within one year | 42/48 | €40,602 | €57,226 | +€16,623 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,064 | +€7,064 | |
| Trade debts | 44 | - | €1,619 | +€1,619 | |
| Suppliers | 440/4 | - | €1,619 | +€1,619 | |
| Taxes, remuneration and social security | 45 | €5,589 | €6,474 | +€885 | +15.8% |
| Taxes | 450/3 | €5,589 | €6,474 | +€885 | +15.8% |
| Other amounts payable | 47/48 | €35,013 | €42,068 | +€7,055 | +20.1% |
| Non-recurring operating income | 76A | €548 | - | -€548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,782 | €9,965 | +€7,184 | +258% |
| Other operating charges | 640/8 | €272 | €1,529 | +€1,258 | +463% |
| Gross operating margin | 9900 | -€7,640 | €45,056 | +€52,696 | |
| Operating profit (loss) | 9901 | -€10,693 | €33,561 | +€44,255 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | -€94 | €1,524 | +€1,618 | |
| Recurring financial charges | 65 | -€94 | €1,524 | +€1,618 | |
| Profit (loss) for the period before taxes | 9903 | -€10,599 | €32,043 | +€42,643 | |
| Income taxes | 67/77 | €120 | €3,124 | +€3,004 | +2,513% |
| Profit (loss) for the period | 9904 | -€10,719 | €28,919 | +€39,638 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,719 | €28,919 | +€39,638 |
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 19 October 2026 via checked.be.