GISAKA: 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.
GISAKA
Largest movements
- Stocks and contracts +€19,480
up €19,480 (+249.1%), from €7,820 to €27,300
- Receivables within one year -€999
down €999 (-51.4%), from €1,944 to €946
of which Other amounts receivable: -€1,545
- Cash -€692
down €692 (-67.4%), from €1,027 to €335
mainly Stocks and contracts (-€19,480) and Debts after one year (-€5,393)
- Other debts +€18,110
up €18,110 (+187.3%), from €9,671 to €27,781
- Debts after one year -€5,393
down €5,393 (-73.5%), from €7,340 to €1,947
- Profit (loss) carried forward +€4,402
up €4,402 (+34.1%), from -€12,898 to -€8,496
- Current portion of long-term debt +€613
up €613 (+12.8%), from €4,780 to €5,393
- Gross operating margin +€10,145
up €10,145, from -€3,309 to €6,836
- Other operating charges +€115
up €115 (+11.6%), from €987 to €1,102
- Financial charges +€89
up €89 (+7.2%), from €1,243 to €1,333
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 | €10,792 | €28,581 | +€17,790 | +164.8% |
| Current assets | 29/58 | €10,792 | €28,581 | +€17,790 | +164.8% |
| Stocks and contracts in progress | 3 | €7,820 | €27,300 | +€19,480 | +249.1% |
| Stocks | 30/36 | €7,820 | €27,300 | +€19,480 | +249.1% |
| Amounts receivable within one year | 40/41 | €1,944 | €946 | -€999 | -51.4% |
| Trade receivables | 40 | €384 | €930 | +€546 | +142.5% |
| Other amounts receivable | 41 | €1,561 | €16 | -€1,545 | -99.0% |
| Cash at bank and in hand | 54/58 | €1,027 | €335 | -€692 | -67.4% |
| Total equity and liabilities | 10/49 | €10,792 | €28,581 | +€17,790 | +164.8% |
| Equity | 10/15 | -€11,898 | -€7,496 | +€4,402 | +37.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,898 | -€8,496 | +€4,402 | +34.1% |
| Amounts payable | 17/49 | €22,690 | €36,078 | +€13,388 | +59.0% |
| Amounts payable after more than one year | 17 | €7,340 | €1,947 | -€5,393 | -73.5% |
| Financial debts | 170/4 | €7,340 | €1,947 | -€5,393 | -73.5% |
| Amounts payable within one year | 42/48 | €15,350 | €34,131 | +€18,781 | +122.4% |
| Current portion of amounts payable after more than one year | 42 | €4,780 | €5,393 | +€613 | +12.8% |
| Trade debts | 44 | €888 | €935 | +€46 | +5.2% |
| Suppliers | 440/4 | €888 | €935 | +€46 | +5.2% |
| Taxes, remuneration and social security | 45 | €11 | €23 | +€11 | +102.0% |
| Taxes | 450/3 | €11 | €23 | +€11 | +102.0% |
| Other amounts payable | 47/48 | €9,671 | €27,781 | +€18,110 | +187.3% |
| Other operating charges | 640/8 | €987 | €1,102 | +€115 | +11.6% |
| Gross operating margin | 9900 | -€3,309 | €6,836 | +€10,145 | |
| Operating profit (loss) | 9901 | -€4,296 | €5,734 | +€10,030 | |
| Financial income | 75/76B | €16 | €0 | -€15 | -97.7% |
| Recurring financial income | 75 | €16 | €0 | -€15 | -97.7% |
| Financial charges | 65/66B | €1,243 | €1,333 | +€89 | +7.2% |
| Recurring financial charges | 65 | €1,243 | €1,333 | +€89 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,524 | €4,402 | +€9,926 | |
| Profit (loss) for the period | 9904 | -€5,524 | €4,402 | +€9,926 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,524 | €4,402 | +€9,926 |
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 3 October 2026 via checked.be.