GITEL: what changed
Two fiscal 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.
GITEL
Largest movements
- Cash +€9,685
up €9,685 (+15.5%), from €62,488 to €72,174
mainly Depreciation (+€21,223) and Net result for the year (+€18,771)
- Tangible fixed assets +€6,123
up €6,123 (+3.5%), from €173,079 to €179,201
of which Plant, machinery and equipment: +€6,123
- Profit (loss) carried forward +€18,771
up €18,771 (+29.9%), from -€62,760 to -€43,989
- Debts after one year -€3,300
down €3,300 (-100.0%), from €3,300 to €0
- Trade debts +€3,176
up €3,176 (+1229.2%), from €258 to €3,434
- Gross operating margin +€30,873
up €30,873 (+142.6%), from €21,648 to €52,521
- Depreciation +€981
up €981 (+4.8%), from €20,242 to €21,223
- Other operating charges +€526
up €526 (+4.3%), from €12,369 to €12,895
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 | €242,683 | €260,821 | +€18,139 | +7.5% |
| Fixed assets | 21/28 | €173,079 | €179,201 | +€6,123 | +3.5% |
| Tangible fixed assets | 22/27 | €173,079 | €179,201 | +€6,123 | +3.5% |
| Land and buildings | 22 | €86,853 | €86,853 | = | 0.0% |
| Plant, machinery and equipment | 23 | €86,226 | €92,348 | +€6,123 | +7.1% |
| Current assets | 29/58 | €69,604 | €81,620 | +€12,016 | +17.3% |
| Amounts receivable within one year | 40/41 | €202 | €1,642 | +€1,439 | +711.8% |
| Other amounts receivable | 41 | €202 | €1,642 | +€1,439 | +711.8% |
| Cash at bank and in hand | 54/58 | €62,488 | €72,174 | +€9,685 | +15.5% |
| Deferred charges and accrued income | 490/1 | €6,914 | €7,805 | +€891 | +12.9% |
| Total equity and liabilities | 10/49 | €242,683 | €260,821 | +€18,139 | +7.5% |
| Equity | 10/15 | €237,550 | €256,321 | +€18,771 | +7.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €50,310 | €50,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Distributable reserves | 133 | €731 | €731 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,760 | -€43,989 | +€18,771 | +29.9% |
| Amounts payable | 17/49 | €5,133 | €4,500 | -€633 | -12.3% |
| Amounts payable after more than one year | 17 | €3,300 | €0 | -€3,300 | -100.0% |
| Other amounts payable | 178/9 | €3,300 | €0 | -€3,300 | -100.0% |
| Amounts payable within one year | 42/48 | €963 | €3,434 | +€2,471 | +256.6% |
| Trade debts | 44 | €258 | €3,434 | +€3,176 | +1229.2% |
| Suppliers | 440/4 | €258 | €3,434 | +€3,176 | +1229.2% |
| Other amounts payable | 47/48 | €705 | €0 | -€705 | -100.0% |
| Accrued charges and deferred income | 492/3 | €870 | €1,066 | +€196 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,242 | €21,223 | +€981 | +4.8% |
| Other operating charges | 640/8 | €12,369 | €12,895 | +€526 | +4.3% |
| Gross operating margin | 9900 | €21,648 | €52,521 | +€30,873 | +142.6% |
| Operating profit (loss) | 9901 | -€10,962 | €18,403 | +€29,365 | |
| Financial income | 75/76B | €436 | €413 | -€23 | -5.2% |
| Recurring financial income | 75 | €436 | €413 | -€23 | -5.2% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,570 | €18,771 | +€29,341 | |
| Profit (loss) for the period | 9904 | -€10,570 | €18,771 | +€29,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,570 | €18,771 | +€29,341 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.