GISdev: 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.
GISdev
Largest movements
- Cash +€30,944
up €30,944 (+31.6%), from €97,806 to €128,750
mainly Net result for the year (+€75,309) and Other debts (+€45,955)
- Deferred charges and accrued income -€11,535
no longer reported in 2025 (was €11,535)
- Receivables within one year +€3,016
up €3,016 (+25.4%), from €11,886 to €14,902
of which Trade receivables: +€12,784
- Other debts +€45,955
up €45,955 (+70.7%), from €65,000 to €110,955
- Profit (loss) carried forward -€24,691
down €24,691 (-93.9%), from €26,284 to €1,593
- Gross operating margin +€4,380
up €4,380 (+4.8%), from €91,214 to €95,594
- Taxes +€978
up €978 (+5.3%), from €18,452 to €19,430
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 | €123,660 | €145,782 | +€22,122 | +17.9% |
| Fixed assets | 21/28 | €2,433 | €2,130 | -€303 | -12.5% |
| Tangible fixed assets | 22/27 | €2,433 | €2,130 | -€303 | -12.5% |
| Plant, machinery and equipment | 23 | €2,433 | €2,130 | -€303 | -12.5% |
| Current assets | 29/58 | €121,227 | €143,652 | +€22,425 | +18.5% |
| Amounts receivable within one year | 40/41 | €11,886 | €14,902 | +€3,016 | +25.4% |
| Trade receivables | 40 | - | €12,784 | +€12,784 | |
| Other amounts receivable | 41 | €11,886 | €2,118 | -€9,768 | -82.2% |
| Cash at bank and in hand | 54/58 | €97,806 | €128,750 | +€30,944 | +31.6% |
| Deferred charges and accrued income | 490/1 | €11,535 | - | -€11,535 | |
| Total equity and liabilities | 10/49 | €123,660 | €145,782 | +€22,122 | +17.9% |
| Equity | 10/15 | €46,694 | €22,003 | -€24,691 | -52.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,284 | €1,593 | -€24,691 | -93.9% |
| Amounts payable | 17/49 | €76,966 | €123,779 | +€46,813 | +60.8% |
| Amounts payable within one year | 42/48 | €76,966 | €123,779 | +€46,813 | +60.8% |
| Trade debts | 44 | - | €987 | +€987 | |
| Suppliers | 440/4 | - | €987 | +€987 | |
| Taxes, remuneration and social security | 45 | €11,966 | €11,837 | -€129 | -1.1% |
| Taxes | 450/3 | €11,966 | €11,837 | -€129 | -1.1% |
| Other amounts payable | 47/48 | €65,000 | €110,955 | +€45,955 | +70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €302 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €91,214 | €95,594 | +€4,380 | +4.8% |
| Operating profit (loss) | 9901 | €90,525 | €94,892 | +€4,367 | +4.8% |
| Financial charges | 65/66B | €149 | €153 | +€4 | +2.7% |
| Recurring financial charges | 65 | €149 | €153 | +€4 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €90,376 | €94,739 | +€4,363 | +4.8% |
| Income taxes | 67/77 | €18,452 | €19,430 | +€978 | +5.3% |
| Profit (loss) for the period | 9904 | €71,924 | €75,309 | +€3,385 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,924 | €75,309 | +€3,385 | +4.7% |
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 11 October 2026 via checked.be.