GISSENS GUY: 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.
GISSENS GUY
Largest movements
- Tangible fixed assets +€250,984
up €250,984 (+40.8%), from €614,935 to €865,919
- Receivables within one year +€62,941
up €62,941 (+184%), from €34,123 to €97,063
of which Other amounts receivable: +€32,923
- Cash +€56,222
up €56,222 (+33.1%), from €170,041 to €226,263
mainly Debts after one year (+€538,767) and Other debts (+€124,482)
- Stocks and contracts -€30,602
down €30,602 (-100%), from €30,602 to €0
- Deferred charges and accrued income -€13,009
down €13,009 (-100%), from €13,009 to €0
- Debts after one year +€538,767
up €538,767 (+320%), from €168,175 to €706,941
- Profit (loss) carried forward -€337,586
down €337,586 (-100%), from €337,586 to €0
- Other debts +€124,482
up €124,482 (+2,755%), from €4,518 to €129,000
- Tax, wage and social debts -€41,728
down €41,728 (-89.6%), from €46,545 to €4,818
of which Taxes: -€41,152
- Reserves +€20,581
up €20,581 (+15.9%), from €129,837 to €150,418
of which Distributable reserves: +€25,737
- Taxes -€35,258
down €35,258, from €18,995 to -€16,263
- Gross operating margin +€26,229
up €26,229 (+13.3%), from €196,942 to €223,171
- Financial charges +€15,922
up €15,922 (+165%), from €9,677 to €25,599
- Staff costs -€7,498
down €7,498 (-98.0%), from €7,655 to €156
- Financial income +€6,567
up €6,567 (+163%), from €4,018 to €10,585
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 | €865,216 | €1,189,869 | +€324,654 | +37.5% |
| Fixed assets | 21/28 | €617,441 | €866,543 | +€249,103 | +40.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €614,935 | €865,919 | +€250,984 | +40.8% |
| Land and buildings | 22 | €406,462 | €467,410 | +€60,948 | +15.0% |
| Plant, machinery and equipment | 23 | €9,822 | €20,063 | +€10,241 | +104% |
| Furniture and vehicles | 24 | €198,651 | €289,657 | +€91,006 | +45.8% |
| Leasing and similar rights | 25 | - | €88,789 | +€88,789 | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €2,505 | €624 | -€1,881 | -75.1% |
| Current assets | 29/58 | €247,775 | €323,326 | +€75,551 | +30.5% |
| Stocks and contracts in progress | 3 | €30,602 | €0 | -€30,602 | -100% |
| Stocks | 30/36 | €30,602 | €0 | -€30,602 | -100% |
| Amounts receivable within one year | 40/41 | €34,123 | €97,063 | +€62,941 | +184% |
| Trade receivables | 40 | €26,040 | €56,058 | +€30,018 | +115% |
| Other amounts receivable | 41 | €8,082 | €41,005 | +€32,923 | +407% |
| Cash at bank and in hand | 54/58 | €170,041 | €226,263 | +€56,222 | +33.1% |
| Deferred charges and accrued income | 490/1 | €13,009 | €0 | -€13,009 | -100% |
| Total equity and liabilities | 10/49 | €865,216 | €1,189,869 | +€324,654 | +37.5% |
| Equity | 10/15 | €559,239 | €245,447 | -€313,792 | -56.1% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €129,837 | €150,418 | +€20,581 | +15.9% |
| Tax-exempt reserves | 132 | €25,781 | €20,625 | -€5,156 | -20.0% |
| Distributable reserves | 133 | €104,056 | €129,793 | +€25,737 | +24.7% |
| Profit (loss) carried forward | 14 | €337,586 | €0 | -€337,586 | -100% |
| Investment grants | 15 | €6,815 | €10,029 | +€3,213 | +47.2% |
| Provisions and deferred taxes | 16 | €8,594 | €6,875 | -€1,719 | -20.0% |
| Deferred taxes | 168 | €8,594 | €6,875 | -€1,719 | -20.0% |
| Amounts payable | 17/49 | €297,383 | €937,548 | +€640,165 | +215% |
| Amounts payable after more than one year | 17 | €168,175 | €706,941 | +€538,767 | +320% |
| Financial debts | 170/4 | €168,175 | €706,941 | +€538,767 | +320% |
| Amounts payable within one year | 42/48 | €129,208 | €230,606 | +€101,398 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | €67,651 | €87,875 | +€20,224 | +29.9% |
| Trade debts | 44 | €10,494 | €8,913 | -€1,580 | -15.1% |
| Suppliers | 440/4 | €10,494 | €8,913 | -€1,580 | -15.1% |
| Taxes, remuneration and social security | 45 | €46,545 | €4,818 | -€41,728 | -89.6% |
| Taxes | 450/3 | €45,969 | €4,818 | -€41,152 | -89.5% |
| Remuneration and social security | 454/9 | €576 | €0 | -€576 | -100% |
| Other amounts payable | 47/48 | €4,518 | €129,000 | +€124,482 | +2,755% |
| Remuneration, social security and pensions | 62 | €7,655 | €156 | -€7,498 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,798 | €102,085 | -€3,713 | -3.5% |
| Other operating charges | 640/8 | €9,287 | €10,904 | +€1,617 | +17.4% |
| Gross operating margin | 9900 | €196,942 | €223,171 | +€26,229 | +13.3% |
| Operating profit (loss) | 9901 | €74,203 | €110,026 | +€35,824 | +48.3% |
| Financial income | 75/76B | €4,018 | €10,585 | +€6,567 | +163% |
| Recurring financial income | 75 | €4,018 | €10,585 | +€6,567 | +163% |
| Financial charges | 65/66B | €9,677 | €25,599 | +€15,922 | +165% |
| Recurring financial charges | 65 | €9,677 | €25,599 | +€15,922 | +165% |
| Profit (loss) for the period before taxes | 9903 | €68,544 | €95,012 | +€26,468 | +38.6% |
| Transfer from deferred taxes | 780 | €1,719 | €1,719 | = | 0.0% |
| Income taxes | 67/77 | €18,995 | -€16,263 | -€35,258 | |
| Profit (loss) for the period | 9904 | €51,268 | €112,994 | +€61,727 | +120% |
| Transfer from tax-exempt reserves | 789 | €5,156 | €5,156 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,424 | €118,151 | +€61,727 | +109% |
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 25 October 2026 via checked.be.