GISELE: 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.
GISELE
Largest movements
- Cash +€285,664
up €285,664 (+466%), from €61,315 to €346,979
mainly Other debts (+€391,808) and Receivables within one year (+€163,158)
- Receivables within one year -€163,158
down €163,158 (-92.7%), from €175,947 to €12,789
of which Trade receivables: -€144,931
- Other debts +€391,808
up €391,808 (+1,250%), from €31,338 to €423,145
- Profit (loss) carried forward -€266,936
no longer reported in 2025 (was €266,936)
- Gross operating margin +€51,726
up €51,726 (+35.6%), from €145,244 to €196,970
- Taxes +€16,272
up €16,272 (+50.1%), from €32,467 to €48,739
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 | €332,262 | €451,686 | +€119,425 | +35.9% |
| Fixed assets | 21/28 | €77,555 | €75,264 | -€2,292 | -3.0% |
| Tangible fixed assets | 22/27 | €75,140 | €72,849 | -€2,292 | -3.0% |
| Plant, machinery and equipment | 23 | €3,880 | €6,688 | +€2,809 | +72.4% |
| Furniture and vehicles | 24 | €59,365 | €55,385 | -€3,980 | -6.7% |
| Other tangible fixed assets | 26 | €11,895 | €10,775 | -€1,120 | -9.4% |
| Financial fixed assets | 28 | €2,415 | €2,415 | = | 0.0% |
| Current assets | 29/58 | €254,707 | €376,423 | +€121,716 | +47.8% |
| Amounts receivable within one year | 40/41 | €175,947 | €12,789 | -€163,158 | -92.7% |
| Trade receivables | 40 | €156,419 | €11,488 | -€144,931 | -92.7% |
| Other amounts receivable | 41 | €19,528 | €1,301 | -€18,227 | -93.3% |
| Cash at bank and in hand | 54/58 | €61,315 | €346,979 | +€285,664 | +466% |
| Deferred charges and accrued income | 490/1 | €17,445 | €16,655 | -€790 | -4.5% |
| Total equity and liabilities | 10/49 | €332,262 | €451,686 | +€119,425 | +35.9% |
| Equity | 10/15 | €268,936 | €2,000 | -€266,936 | -99.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,936 | - | -€266,936 | |
| Amounts payable | 17/49 | €63,326 | €449,686 | +€386,361 | +610% |
| Amounts payable within one year | 42/48 | €62,871 | €449,686 | +€386,816 | +615% |
| Trade debts | 44 | €18,186 | €15,695 | -€2,491 | -13.7% |
| Suppliers | 440/4 | €18,186 | €15,695 | -€2,491 | -13.7% |
| Taxes, remuneration and social security | 45 | €13,347 | €10,846 | -€2,501 | -18.7% |
| Taxes | 450/3 | €9,347 | €10,846 | +€1,499 | +16.0% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €31,338 | €423,145 | +€391,808 | +1,250% |
| Accrued charges and deferred income | 492/3 | €455 | - | -€455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,029 | €9,785 | +€756 | +8.4% |
| Other operating charges | 640/8 | €450 | €876 | +€426 | +94.5% |
| Gross operating margin | 9900 | €145,244 | €196,970 | +€51,726 | +35.6% |
| Operating profit (loss) | 9901 | €135,765 | €186,309 | +€50,544 | +37.2% |
| Financial income | 75/76B | €159 | €134 | -€25 | -15.8% |
| Recurring financial income | 75 | €159 | €134 | -€25 | -15.8% |
| Financial charges | 65/66B | €6,561 | €6,405 | -€156 | -2.4% |
| Recurring financial charges | 65 | €6,561 | €6,405 | -€156 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €129,364 | €180,038 | +€50,674 | +39.2% |
| Income taxes | 67/77 | €32,467 | €48,739 | +€16,272 | +50.1% |
| Profit (loss) for the period | 9904 | €96,896 | €131,299 | +€34,403 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €96,896 | €131,299 | +€34,403 | +35.5% |
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 21 October 2026 via checked.be.