Girta: 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.
Girta
Largest movements
- Receivables after one year -€80,474
down €80,474 (-100.0%), from €80,474 to €0
- Deferred charges and accrued income +€75,082
up €75,082 (+5953.6%), from €1,261 to €76,343
- Cash +€61,055
up €61,055 (+997.8%), from €6,119 to €67,175
mainly Net result for the year (+€90,728) and Receivables after one year (+€80,474)
- Receivables within one year -€40,004
down €40,004 (-66.9%), from €59,759 to €19,755
of which Trade receivables: -€40,003
- Current investments -€11,669
down €11,669 (-4.9%), from €236,813 to €225,144
- Reserves +€90,728
up €90,728 (+69.3%), from €130,849 to €221,577
- Debts after one year -€75,000
down €75,000 (-33.3%), from €225,000 to €150,000
- Tax, wage and social debts -€21,028
down €21,028 (-35.7%), from €58,850 to €37,822
- Gross operating margin +€9,950
up €9,950 (+7.9%), from €125,203 to €135,153
- Taxes +€2,101
up €2,101 (+6.1%), from €34,429 to €36,529
- Financial income -€1,673
down €1,673 (-17.0%), from €9,852 to €8,179
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 | €422,062 | €415,014 | -€7,047 | -1.7% |
| Fixed assets | 21/28 | €37,636 | €26,598 | -€11,038 | -29.3% |
| Tangible fixed assets | 22/27 | €37,636 | €26,598 | -€11,038 | -29.3% |
| Land and buildings | 22 | €8,037 | €7,076 | -€961 | -12.0% |
| Furniture and vehicles | 24 | €29,598 | €19,522 | -€10,077 | -34.0% |
| Current assets | 29/58 | €384,426 | €388,417 | +€3,990 | +1.0% |
| Amounts receivable after more than one year | 29 | €80,474 | €0 | -€80,474 | -100.0% |
| Other amounts receivable | 291 | €80,474 | €0 | -€80,474 | -100.0% |
| Amounts receivable within one year | 40/41 | €59,759 | €19,755 | -€40,004 | -66.9% |
| Trade receivables | 40 | €59,758 | €19,755 | -€40,003 | -66.9% |
| Other amounts receivable | 41 | €1 | €0 | -€1 | -100.0% |
| Current investments | 50/53 | €236,813 | €225,144 | -€11,669 | -4.9% |
| Cash at bank and in hand | 54/58 | €6,119 | €67,175 | +€61,055 | +997.8% |
| Deferred charges and accrued income | 490/1 | €1,261 | €76,343 | +€75,082 | +5953.6% |
| Total equity and liabilities | 10/49 | €422,062 | €415,014 | -€7,047 | -1.7% |
| Equity | 10/15 | €135,849 | €226,577 | +€90,728 | +66.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €130,849 | €221,577 | +€90,728 | +69.3% |
| Distributable reserves | 133 | €130,849 | €221,577 | +€90,728 | +69.3% |
| Amounts payable | 17/49 | €286,213 | €188,438 | -€97,775 | -34.2% |
| Amounts payable after more than one year | 17 | €225,000 | €150,000 | -€75,000 | -33.3% |
| Financial debts | 170/4 | €225,000 | €150,000 | -€75,000 | -33.3% |
| Amounts payable within one year | 42/48 | €61,204 | €38,438 | -€22,767 | -37.2% |
| Trade debts | 44 | €2,346 | €615 | -€1,731 | -73.8% |
| Suppliers | 440/4 | €2,346 | €615 | -€1,731 | -73.8% |
| Taxes, remuneration and social security | 45 | €58,850 | €37,822 | -€21,028 | -35.7% |
| Taxes | 450/3 | €58,850 | €37,822 | -€21,028 | -35.7% |
| Other amounts payable | 47/48 | €8 | €0 | -€8 | -100.0% |
| Accrued charges and deferred income | 492/3 | €9 | €0 | -€9 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,038 | €11,038 | = | 0.0% |
| Other operating charges | 640/8 | €731 | €697 | -€33 | -4.6% |
| Gross operating margin | 9900 | €125,203 | €135,153 | +€9,950 | +7.9% |
| Operating profit (loss) | 9901 | €113,435 | €123,418 | +€9,983 | +8.8% |
| Financial income | 75/76B | €9,852 | €8,179 | -€1,673 | -17.0% |
| Recurring financial income | 75 | €9,852 | €8,179 | -€1,673 | -17.0% |
| Financial charges | 65/66B | €3,044 | €4,340 | +€1,296 | +42.6% |
| Recurring financial charges | 65 | €3,044 | €4,340 | +€1,296 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €120,243 | €127,257 | +€7,014 | +5.8% |
| Income taxes | 67/77 | €34,429 | €36,529 | +€2,101 | +6.1% |
| Profit (loss) for the period | 9904 | €85,814 | €90,728 | +€4,914 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €85,814 | €90,728 | +€4,914 | +5.7% |
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 10 October 2026 via checked.be.