GIT: 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.
GIT
Largest movements
- Receivables within one year +€74,123
up €74,123 (+103%), from €71,903 to €146,027
of which Other amounts receivable: +€57,240
- Tangible fixed assets +€57,932
up €57,932 (+59.6%), from €97,187 to €155,119
of which Land and buildings: +€58,993
- Cash -€41,366
down €41,366 (-99.9%), from €41,406 to €40
mainly Receivables within one year (-€74,123) and Investment in fixed assets (net) (-€65,570)
- Current investments +€8,947
up €8,947 (+447%), from €2,000 to €10,947
- Deferred charges and accrued income +€4,042
up €4,042 (+108%), from €3,726 to €7,769
- Debts after one year +€32,938
up €32,938 (+48.5%), from €67,861 to €100,799
- Other debts +€30,000
new in 2025: €30,000
- Profit (loss) carried forward +€21,875
up €21,875 (+26.1%), from €83,850 to €105,726
- Tax, wage and social debts +€15,725
up €15,725 (+80.1%), from €19,643 to €35,368
- Gross operating margin +€25,349
up €25,349 (+49.1%), from €51,648 to €76,997
- Depreciation +€6,125
up €6,125 (+485%), from €1,262 to €7,388
- Financial income +€3,862
up €3,862 (+3,862,180%), from €0 to €3,862
- Financial charges +€3,766
up €3,766 (+195%), from €1,928 to €5,695
- Taxes +€3,637
up €3,637 (+32.0%), from €11,357 to €14,994
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 | €216,222 | €320,150 | +€103,928 | +48.1% |
| Fixed assets | 21/28 | €97,187 | €155,369 | +€58,182 | +59.9% |
| Tangible fixed assets | 22/27 | €97,187 | €155,119 | +€57,932 | +59.6% |
| Land and buildings | 22 | €94,708 | €153,700 | +€58,993 | +62.3% |
| Furniture and vehicles | 24 | €2,479 | €1,418 | -€1,061 | -42.8% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €119,035 | €164,782 | +€45,746 | +38.4% |
| Amounts receivable within one year | 40/41 | €71,903 | €146,027 | +€74,123 | +103% |
| Trade receivables | 40 | €17,910 | €34,794 | +€16,884 | +94.3% |
| Other amounts receivable | 41 | €53,993 | €111,233 | +€57,240 | +106% |
| Current investments | 50/53 | €2,000 | €10,947 | +€8,947 | +447% |
| Cash at bank and in hand | 54/58 | €41,406 | €40 | -€41,366 | -99.9% |
| Deferred charges and accrued income | 490/1 | €3,726 | €7,769 | +€4,042 | +108% |
| Total equity and liabilities | 10/49 | €216,222 | €320,150 | +€103,928 | +48.1% |
| Equity | 10/15 | €124,102 | €145,978 | +€21,875 | +17.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €37,752 | €37,752 | = | 0.0% |
| Distributable reserves | 133 | €37,752 | €37,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,850 | €105,726 | +€21,875 | +26.1% |
| Amounts payable | 17/49 | €92,120 | €174,173 | +€82,053 | +89.1% |
| Amounts payable after more than one year | 17 | €67,861 | €100,799 | +€32,938 | +48.5% |
| Financial debts | 170/4 | €67,861 | €100,799 | +€32,938 | +48.5% |
| Amounts payable within one year | 42/48 | €24,258 | €73,374 | +€49,115 | +202% |
| Current portion of amounts payable after more than one year | 42 | €3,825 | €6,139 | +€2,314 | +60.5% |
| Financial debts | 43 | - | €1,251 | +€1,251 | |
| Credit institutions | 430/8 | - | €1,251 | +€1,251 | |
| Trade debts | 44 | €790 | €616 | -€174 | -22.0% |
| Suppliers | 440/4 | €790 | €616 | -€174 | -22.0% |
| Taxes, remuneration and social security | 45 | €19,643 | €35,368 | +€15,725 | +80.1% |
| Taxes | 450/3 | €19,643 | €35,368 | +€15,725 | +80.1% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,262 | €7,388 | +€6,125 | +485% |
| Other operating charges | 640/8 | €2,024 | €907 | -€1,117 | -55.2% |
| Gross operating margin | 9900 | €51,648 | €76,997 | +€25,349 | +49.1% |
| Operating profit (loss) | 9901 | €48,361 | €68,702 | +€20,341 | +42.1% |
| Financial income | 75/76B | €0 | €3,862 | +€3,862 | +3,862,180% |
| Recurring financial income | 75 | €0 | €3,862 | +€3,862 | +3,862,180% |
| Financial charges | 65/66B | €1,928 | €5,695 | +€3,766 | +195% |
| Recurring financial charges | 65 | €1,928 | €5,695 | +€3,766 | +195% |
| Profit (loss) for the period before taxes | 9903 | €46,433 | €66,870 | +€20,437 | +44.0% |
| Income taxes | 67/77 | €11,357 | €14,994 | +€3,637 | +32.0% |
| Profit (loss) for the period | 9904 | €35,076 | €51,875 | +€16,800 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,076 | €51,875 | +€16,800 | +47.9% |
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 15 October 2026 via checked.be.