GISY: 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.
GISY
Largest movements
- Tangible fixed assets -€40,039
down €40,039 (-12.9%), from €309,643 to €269,604
of which Land and buildings: -€28,301
- Cash +€8,966
up €8,966 (+33.3%), from €26,937 to €35,903
mainly Depreciation (+€40,039) and Trade debts (+€6,446)
- Deferred charges and accrued income +€7,692
up €7,692 (+185.1%), from €4,155 to €11,847
- Receivables within one year +€5,079
up €5,079 (+899.2%), from €565 to €5,644
of which Other amounts receivable: +€5,109
- Other debts -€11,202
down €11,202 (-7.3%), from €153,402 to €142,200
- Debts after one year -€9,122
down €9,122 (-39.3%), from €23,212 to €14,090
- Trade debts +€6,446
up €6,446 (+154.0%), from €4,187 to €10,633
- Current portion of long-term debt -€6,032
down €6,032 (-39.8%), from €15,154 to €9,122
- Gross operating margin -€32,297
down €32,297 (-24.7%), from €130,805 to €98,508
- Staff costs +€11,749
up €11,749 (+35.9%), from €32,734 to €44,483
- Taxes -€9,997
down €9,997 (-88.9%), from €11,239 to €1,242
- Financial charges -€3,639
down €3,639 (-62.0%), from €5,871 to €2,232
- Other operating charges -€3,293
down €3,293 (-28.7%), from €11,465 to €8,172
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 | €356,287 | €337,774 | -€18,514 | -5.2% |
| Fixed assets | 21/28 | €309,668 | €269,629 | -€40,039 | -12.9% |
| Tangible fixed assets | 22/27 | €309,643 | €269,604 | -€40,039 | -12.9% |
| Land and buildings | 22 | €240,182 | €211,881 | -€28,301 | -11.8% |
| Plant, machinery and equipment | 23 | €23,744 | €19,460 | -€4,284 | -18.0% |
| Furniture and vehicles | 24 | €328 | €48 | -€279 | -85.3% |
| Other tangible fixed assets | 26 | €45,389 | €38,215 | -€7,174 | -15.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €46,619 | €68,144 | +€21,525 | +46.2% |
| Stocks and contracts in progress | 3 | €14,962 | €14,750 | -€212 | -1.4% |
| Stocks | 30/36 | €14,962 | €14,750 | -€212 | -1.4% |
| Amounts receivable within one year | 40/41 | €565 | €5,644 | +€5,079 | +899.2% |
| Trade receivables | 40 | €565 | €535 | -€30 | -5.2% |
| Other amounts receivable | 41 | - | €5,109 | +€5,109 | |
| Cash at bank and in hand | 54/58 | €26,937 | €35,903 | +€8,966 | +33.3% |
| Deferred charges and accrued income | 490/1 | €4,155 | €11,847 | +€7,692 | +185.1% |
| Total equity and liabilities | 10/49 | €356,287 | €337,774 | -€18,514 | -5.2% |
| Equity | 10/15 | €143,258 | €145,950 | +€2,692 | +1.9% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €6,390 | €6,525 | +€135 | +2.1% |
| Non-distributable reserves | 130/1 | €6,390 | €6,525 | +€135 | +2.1% |
| Legal reserve | 130 | €6,390 | €6,525 | +€135 | +2.1% |
| Profit (loss) carried forward | 14 | €43,908 | €46,465 | +€2,557 | +5.8% |
| Amounts payable | 17/49 | €213,030 | €191,824 | -€21,206 | -10.0% |
| Amounts payable after more than one year | 17 | €23,212 | €14,090 | -€9,122 | -39.3% |
| Financial debts | 170/4 | €23,212 | €14,090 | -€9,122 | -39.3% |
| Amounts payable within one year | 42/48 | €186,317 | €174,234 | -€12,084 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €15,154 | €9,122 | -€6,032 | -39.8% |
| Financial debts | 43 | - | €2,022 | +€2,022 | |
| Credit institutions | 430/8 | - | €2,022 | +€2,022 | |
| Trade debts | 44 | €4,187 | €10,633 | +€6,446 | +154.0% |
| Suppliers | 440/4 | €4,187 | €10,633 | +€6,446 | +154.0% |
| Taxes, remuneration and social security | 45 | €13,574 | €10,257 | -€3,318 | -24.4% |
| Taxes | 450/3 | €6,210 | €751 | -€5,459 | -87.9% |
| Remuneration and social security | 454/9 | €7,364 | €9,506 | +€2,142 | +29.1% |
| Other amounts payable | 47/48 | €153,402 | €142,200 | -€11,202 | -7.3% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €32,734 | €44,483 | +€11,749 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,411 | €40,039 | -€372 | -0.9% |
| Other operating charges | 640/8 | €11,465 | €8,172 | -€3,293 | -28.7% |
| Non-recurring operating charges | 66A | €1,800 | - | -€1,800 | |
| Gross operating margin | 9900 | €130,805 | €98,508 | -€32,297 | -24.7% |
| Operating profit (loss) | 9901 | €44,396 | €5,815 | -€38,581 | -86.9% |
| Financial income | 75/76B | €401 | €352 | -€49 | -12.3% |
| Recurring financial income | 75 | €401 | €352 | -€49 | -12.3% |
| Financial charges | 65/66B | €5,871 | €2,232 | -€3,639 | -62.0% |
| Recurring financial charges | 65 | €5,871 | €2,232 | -€3,639 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €38,925 | €3,934 | -€34,991 | -89.9% |
| Income taxes | 67/77 | €11,239 | €1,242 | -€9,997 | -88.9% |
| Profit (loss) for the period | 9904 | €27,687 | €2,692 | -€24,995 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,687 | €2,692 | -€24,995 | -90.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.