GIS MANAGEMENT: 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.
What changed
GIS MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€62,008
2024 · €566,193-€504,186
Equity
€4.5m
2024 · €4.5m+€62,008
Cash
€31,314
2024 · €89,350-€58,036
Balance sheet total
€11.5m
2024 · €7.4m+€4.1m
Largest movements
Assets
- Current investments +€3.5m
up €3.5m (+2,741%), from €127,680 to €3.6m
- Receivables within one year +€718,862
up €718,862 (+571%), from €125,923 to €844,786
of which Other amounts receivable: +€686,322
Equity and liabilities
- Other debts +€4.3m
up €4.3m (+249%), from €1.7m to €6.0m
- Debts after one year -€224,103
down €224,103 (-24.3%), from €923,832 to €699,729
of which Financial debts: -€220,903
Income statement
- Gross operating margin -€487,329
down €487,329 (-62.4%), from €781,295 to €293,966
- Taxes -€142,717
down €142,717 (-79.5%), from €179,586 to €36,869
- Financial income -€88,820
down €88,820 (-95.8%), from €92,681 to €3,861
- Financial charges +€78,549
up €78,549 (+179%), from €43,770 to €122,319
- Other operating charges -€8,142
down €8,142 (-42.1%), from €19,333 to €11,191
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.
Result 2024
€566,193
Gross operating margin
-€487,329
Depreciation
-€347
Other operating charges
+€8,142
Financial income
-€88,820
Financial charges
-€78,549
Taxes
+€142,717
Result 2025
€62,008
raises the resultlowers the result
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.
From operations
+€3.7m
Investment
-€3.5m
Financing
-€246,767
Cash 2024
€89,350
From operations (derived)
+€3.7m
Net result for the year
+€62,008
Depreciation
+€65,439
Receivables within one year
-€718,862
Smaller working-capital items
+€2,162
Tax, wage and social debts
-€11,484
Other debts
+€4.3m
Accrued charges and deferred income
+€63,664
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€25,400
Current investments
-€3.5m
Financing
-€246,767
Debts after one year
-€224,103
Current portion of long-term debt
-€22,664
Cash 2025
€31,314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,422,772 | €11,539,299 | +€4.1m | +55.5% |
| Fixed assets | 21/28 | €7,072,859 | €7,032,819 | -€40,040 | -0.6% |
| Tangible fixed assets | 22/27 | €1,349,801 | €1,309,761 | -€40,040 | -3.0% |
| Land and buildings | 22 | €1,349,034 | €1,309,761 | -€39,273 | -2.9% |
| Furniture and vehicles | 24 | €767 | €0 | -€767 | -100% |
| Financial fixed assets | 28 | €5,723,058 | €5,723,058 | = | 0.0% |
| Current assets | 29/58 | €349,913 | €4,506,480 | +€4.2m | +1,188% |
| Amounts receivable within one year | 40/41 | €125,923 | €844,786 | +€718,862 | +571% |
| Trade receivables | 40 | €4,169 | €36,709 | +€32,540 | +780% |
| Other amounts receivable | 41 | €121,754 | €808,077 | +€686,322 | +564% |
| Current investments | 50/53 | €127,680 | €3,627,680 | +€3.5m | +2,741% |
| Cash at bank and in hand | 54/58 | €89,350 | €31,314 | -€58,036 | -65.0% |
| Deferred charges and accrued income | 490/1 | €6,959 | €2,700 | -€4,259 | -61.2% |
| Total equity and liabilities | 10/49 | €7,422,772 | €11,539,299 | +€4.1m | +55.5% |
| Equity | 10/15 | €4,485,049 | €4,547,057 | +€62,008 | +1.4% |
| Contributions | 10/11 | €2,052,400 | €2,052,400 | = | 0.0% |
| Capital | 10 | €2,052,400 | €2,052,400 | = | 0.0% |
| Issued capital | 100 | €2,058,600 | €2,058,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €855,398 | €909,061 | +€53,662 | +6.3% |
| Non-distributable reserves | 130/1 | €69,456 | €81,019 | +€11,562 | +16.6% |
| Legal reserve | 130 | €69,456 | €81,019 | +€11,562 | +16.6% |
| Tax-exempt reserves | 132 | €442,892 | €273,650 | -€169,242 | -38.2% |
| Distributable reserves | 133 | €343,050 | €554,392 | +€211,342 | +61.6% |
| Profit (loss) carried forward | 14 | €1,577,251 | €1,585,596 | +€8,345 | +0.5% |
| Amounts payable | 17/49 | €2,937,722 | €6,992,242 | +€4.1m | +138% |
| Amounts payable after more than one year | 17 | €923,832 | €699,729 | -€224,103 | -24.3% |
| Financial debts | 170/4 | €920,632 | €699,729 | -€220,903 | -24.0% |
| Other amounts payable | 178/9 | €3,200 | €0 | -€3,200 | -100% |
| Amounts payable within one year | 42/48 | €2,013,793 | €6,228,751 | +€4.2m | +209% |
| Current portion of amounts payable after more than one year | 42 | €243,567 | €220,903 | -€22,664 | -9.3% |
| Trade debts | 44 | €4,631 | €2,534 | -€2,097 | -45.3% |
| Suppliers | 440/4 | €4,631 | €2,534 | -€2,097 | -45.3% |
| Taxes, remuneration and social security | 45 | €59,467 | €47,983 | -€11,484 | -19.3% |
| Taxes | 450/3 | €59,467 | €47,983 | -€11,484 | -19.3% |
| Other amounts payable | 47/48 | €1,706,128 | €5,957,331 | +€4.3m | +249% |
| Accrued charges and deferred income | 492/3 | €98 | €63,762 | +€63,664 | +64,950% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,093 | €65,439 | +€347 | +0.5% |
| Other operating charges | 640/8 | €19,333 | €11,191 | -€8,142 | -42.1% |
| Gross operating margin | 9900 | €781,295 | €293,966 | -€487,329 | -62.4% |
| Operating profit (loss) | 9901 | €696,869 | €217,335 | -€479,533 | -68.8% |
| Financial income | 75/76B | €92,681 | €3,861 | -€88,820 | -95.8% |
| Recurring financial income | 75 | €92,681 | €3,861 | -€88,820 | -95.8% |
| Financial charges | 65/66B | €43,770 | €122,319 | +€78,549 | +179% |
| Recurring financial charges | 65 | €43,770 | €122,319 | +€78,549 | +179% |
| Profit (loss) for the period before taxes | 9903 | €745,780 | €98,877 | -€646,903 | -86.7% |
| Income taxes | 67/77 | €179,586 | €36,869 | -€142,717 | -79.5% |
| Profit (loss) for the period | 9904 | €566,193 | €62,008 | -€504,186 | -89.0% |
| Transfer from tax-exempt reserves | 789 | €94,725 | €211,342 | +€116,617 | +123% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €42,100 | -€126,300 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €492,518 | €231,250 | -€261,269 | -53.0% |
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 22 October 2026 via checked.be.