Gisèle: 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.
Gisèle
Largest movements
- Tangible fixed assets +€59,813
up €59,813 (+109.7%), from €54,513 to €114,327
of which Land and buildings: +€33,696
- Debts after one year +€117,015
new in 2025: €117,015
- Other debts -€43,430
down €43,430 (-62.4%), from €69,596 to €26,166
- Profit (loss) carried forward -€18,400
new in 2025: -€18,400
- Current portion of long-term debt +€13,593
new in 2025: €13,593
- Trade debts -€4,359
down €4,359 (-51.6%), from €8,445 to €4,086
- Depreciation +€14,190
up €14,190 (+107.4%), from €13,210 to €27,400
- Gross operating margin -€3,553
down €3,553 (-20.9%), from €17,008 to €13,455
- Financial charges +€3,515
up €3,515 (+7808.1%), from €45 to €3,560
- Taxes -€324
down €324, from €270 to -€54
- Other operating charges +€215
up €215 (+10.2%), from €2,112 to €2,327
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 | €90,300 | €149,361 | +€59,060 | +65.4% |
| Fixed assets | 21/28 | €54,513 | €114,327 | +€59,813 | +109.7% |
| Tangible fixed assets | 22/27 | €54,513 | €114,327 | +€59,813 | +109.7% |
| Land and buildings | 22 | €9,454 | €43,150 | +€33,696 | +356.4% |
| Plant, machinery and equipment | 23 | €45,059 | €60,979 | +€15,920 | +35.3% |
| Furniture and vehicles | 24 | - | €10,197 | +€10,197 | |
| Current assets | 29/58 | €35,787 | €35,034 | -€753 | -2.1% |
| Amounts receivable within one year | 40/41 | €3,198 | €2,054 | -€1,143 | -35.8% |
| Other amounts receivable | 41 | €3,198 | €2,054 | -€1,143 | -35.8% |
| Cash at bank and in hand | 54/58 | €31,226 | €31,415 | +€189 | +0.6% |
| Deferred charges and accrued income | 490/1 | €1,363 | €1,565 | +€201 | +14.8% |
| Total equity and liabilities | 10/49 | €90,300 | €149,361 | +€59,060 | +65.4% |
| Equity | 10/15 | €6,378 | -€13,400 | -€19,778 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,378 | - | -€1,378 | |
| Distributable reserves | 133 | €1,378 | - | -€1,378 | |
| Profit (loss) carried forward | 14 | - | -€18,400 | -€18,400 | |
| Amounts payable | 17/49 | €83,923 | €162,761 | +€78,838 | +93.9% |
| Amounts payable after more than one year | 17 | - | €117,015 | +€117,015 | |
| Financial debts | 170/4 | - | €117,015 | +€117,015 | |
| Amounts payable within one year | 42/48 | €83,923 | €45,745 | -€38,177 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | - | €13,593 | +€13,593 | |
| Trade debts | 44 | €8,445 | €4,086 | -€4,359 | -51.6% |
| Suppliers | 440/4 | €8,445 | €4,086 | -€4,359 | -51.6% |
| Advances received on contracts in progress | 46 | €5,575 | €1,900 | -€3,675 | -65.9% |
| Taxes, remuneration and social security | 45 | €306 | - | -€306 | |
| Taxes | 450/3 | €306 | - | -€306 | |
| Other amounts payable | 47/48 | €69,596 | €26,166 | -€43,430 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,210 | €27,400 | +€14,190 | +107.4% |
| Other operating charges | 640/8 | €2,112 | €2,327 | +€215 | +10.2% |
| Gross operating margin | 9900 | €17,008 | €13,455 | -€3,553 | -20.9% |
| Operating profit (loss) | 9901 | €1,686 | -€16,271 | -€17,958 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €45 | €3,560 | +€3,515 | +7808.1% |
| Recurring financial charges | 65 | €45 | €3,560 | +€3,515 | +7808.1% |
| Profit (loss) for the period before taxes | 9903 | €1,647 | -€19,832 | -€21,479 | |
| Income taxes | 67/77 | €270 | -€54 | -€324 | |
| Profit (loss) for the period | 9904 | €1,378 | -€19,778 | -€21,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,378 | -€19,778 | -€21,155 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.