GISWHAT: 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.
GISWHAT
Largest movements
- Cash +€35,930
up €35,930 (+20.8%), from €172,630 to €208,561
mainly Other debts (+€126,339) and Net result for the year (+€50,775)
- Tangible fixed assets -€8,747
down €8,747 (-26.6%), from €32,848 to €24,101
of which Furniture and vehicles: -€8,383
- Other debts +€126,339
up €126,339 (+542%), from €23,317 to €149,656
- Reserves -€104,222
down €104,222 (-49.7%), from €209,765 to €105,543
- Tax, wage and social debts +€15,330
up €15,330 (+181%), from €8,483 to €23,813
- Debts after one year -€7,713
down €7,713 (-54.2%), from €14,226 to €6,513
- Trade debts -€3,927
down €3,927 (-81.8%), from €4,797 to €871
- Gross operating margin +€6,338
up €6,338 (+8.7%), from €72,701 to €79,040
- Taxes +€1,548
up €1,548 (+12.3%), from €12,577 to €14,126
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 | €275,692 | €301,609 | +€25,917 | +9.4% |
| Fixed assets | 21/28 | €32,848 | €24,101 | -€8,747 | -26.6% |
| Tangible fixed assets | 22/27 | €32,848 | €24,101 | -€8,747 | -26.6% |
| Plant, machinery and equipment | 23 | €10,494 | €10,130 | -€364 | -3.5% |
| Furniture and vehicles | 24 | €22,354 | €13,971 | -€8,383 | -37.5% |
| Current assets | 29/58 | €242,844 | €277,508 | +€34,664 | +14.3% |
| Amounts receivable after more than one year | 29 | €36,000 | €36,000 | = | 0.0% |
| Trade receivables | 290 | €36,000 | €36,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,214 | €32,158 | -€2,056 | -6.0% |
| Trade receivables | 40 | €31,791 | €31,267 | -€523 | -1.6% |
| Other amounts receivable | 41 | €2,423 | €890 | -€1,532 | -63.3% |
| Cash at bank and in hand | 54/58 | €172,630 | €208,561 | +€35,930 | +20.8% |
| Deferred charges and accrued income | 490/1 | - | €790 | +€790 | |
| Total equity and liabilities | 10/49 | €275,692 | €301,609 | +€25,917 | +9.4% |
| Equity | 10/15 | €217,265 | €113,043 | -€104,222 | -48.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €209,765 | €105,543 | -€104,222 | -49.7% |
| Distributable reserves | 133 | €209,765 | €105,543 | -€104,222 | -49.7% |
| Amounts payable | 17/49 | €58,427 | €188,566 | +€130,140 | +223% |
| Amounts payable after more than one year | 17 | €14,226 | €6,513 | -€7,713 | -54.2% |
| Financial debts | 170/4 | €14,226 | €6,513 | -€7,713 | -54.2% |
| Amounts payable within one year | 42/48 | €44,201 | €182,053 | +€137,853 | +312% |
| Current portion of amounts payable after more than one year | 42 | €7,603 | €7,713 | +€110 | +1.4% |
| Trade debts | 44 | €4,797 | €871 | -€3,927 | -81.8% |
| Suppliers | 440/4 | €4,797 | €871 | -€3,927 | -81.8% |
| Taxes, remuneration and social security | 45 | €8,483 | €23,813 | +€15,330 | +181% |
| Taxes | 450/3 | €8,483 | €23,813 | +€15,330 | +181% |
| Other amounts payable | 47/48 | €23,317 | €149,656 | +€126,339 | +542% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,276 | €11,705 | +€429 | +3.8% |
| Other operating charges | 640/8 | €657 | €639 | -€17 | -2.6% |
| Gross operating margin | 9900 | €72,701 | €79,040 | +€6,338 | +8.7% |
| Operating profit (loss) | 9901 | €60,769 | €66,695 | +€5,927 | +9.8% |
| Financial income | 75/76B | €317 | €317 | +€0 | 0.0% |
| Recurring financial income | 75 | €317 | €317 | +€0 | 0.0% |
| Financial charges | 65/66B | €2,375 | €2,111 | -€263 | -11.1% |
| Recurring financial charges | 65 | €2,375 | €2,111 | -€263 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €58,711 | €64,901 | +€6,190 | +10.5% |
| Income taxes | 67/77 | €12,577 | €14,126 | +€1,548 | +12.3% |
| Profit (loss) for the period | 9904 | €46,134 | €50,775 | +€4,642 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,134 | €50,775 | +€4,642 | +10.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.