GITI GH: what changed
GITI GH
Largest movements
- Receivables within one year +€39,266
up €39,266 (+42.1%), from €93,376 to €132,642
of which Other amounts receivable: +€22,667
- Cash -€25,414
down €25,414 (-100.0%), from €25,423 to €9
mainly Receivables within one year (-€39,266) and Net result for the year (-€4,618)
- Tangible fixed assets -€10,813
down €10,813 (-65.1%), from €16,615 to €5,802
- Trade debts +€12,488
up €12,488 (+430%), from €2,907 to €15,395
- Profit (loss) carried forward -€4,618
down €4,618 (-6.2%), from €73,922 to €69,304
- Current portion of long-term debt -€4,549
down €4,549 (-57.5%), from €7,913 to €3,364
- Debts after one year -€3,364
down €3,364 (-29.3%), from €11,474 to €8,110
- Tax, wage and social debts +€3,255
up €3,255 (+15.8%), from €20,625 to €23,880
of which Remuneration and social security: +€4,606
- Gross operating margin -€38,336
down €38,336 (-73.4%), from €52,194 to €13,857
- Taxes -€8,607
down €8,607 (-83.9%), from €10,262 to €1,654
- Staff costs +€2,667
up €2,667 (+46.2%), from €5,779 to €8,446
- Other operating charges -€1,406
down €1,406 (-37.8%), from €3,718 to €2,312
- Financial income +€1,387
up €1,387 (+33.1%), from €4,192 to €5,579
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,302 | €140,513 | +€3,212 | +2.3% |
| Fixed assets | 21/28 | €16,615 | €5,802 | -€10,813 | -65.1% |
| Tangible fixed assets | 22/27 | €16,615 | €5,802 | -€10,813 | -65.1% |
| Leasing and similar rights | 25 | €16,615 | €5,802 | -€10,813 | -65.1% |
| Current assets | 29/58 | €120,687 | €134,711 | +€14,025 | +11.6% |
| Amounts receivable within one year | 40/41 | €93,376 | €132,642 | +€39,266 | +42.1% |
| Trade receivables | 40 | €11,760 | €28,359 | +€16,599 | +141% |
| Other amounts receivable | 41 | €81,616 | €104,283 | +€22,667 | +27.8% |
| Cash at bank and in hand | 54/58 | €25,423 | €9 | -€25,414 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,888 | €2,060 | +€172 | +9.1% |
| Total equity and liabilities | 10/49 | €137,302 | €140,513 | +€3,212 | +2.3% |
| Equity | 10/15 | €94,382 | €89,764 | -€4,618 | -4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,922 | €69,304 | -€4,618 | -6.2% |
| Amounts payable | 17/49 | €42,920 | €50,749 | +€7,830 | +18.2% |
| Amounts payable after more than one year | 17 | €11,474 | €8,110 | -€3,364 | -29.3% |
| Financial debts | 170/4 | €11,474 | €8,110 | -€3,364 | -29.3% |
| Amounts payable within one year | 42/48 | €31,445 | €42,639 | +€11,194 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €7,913 | €3,364 | -€4,549 | -57.5% |
| Trade debts | 44 | €2,907 | €15,395 | +€12,488 | +430% |
| Suppliers | 440/4 | €2,907 | €15,395 | +€12,488 | +430% |
| Taxes, remuneration and social security | 45 | €20,625 | €23,880 | +€3,255 | +15.8% |
| Taxes | 450/3 | €13,262 | €11,911 | -€1,351 | -10.2% |
| Remuneration and social security | 454/9 | €7,364 | €11,969 | +€4,606 | +62.5% |
| Remuneration, social security and pensions | 62 | €5,779 | €8,446 | +€2,667 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,813 | €10,813 | = | 0.0% |
| Other operating charges | 640/8 | €3,718 | €2,312 | -€1,406 | -37.8% |
| Gross operating margin | 9900 | €52,194 | €13,857 | -€38,336 | -73.4% |
| Operating profit (loss) | 9901 | €31,884 | -€7,714 | -€39,597 | |
| Financial income | 75/76B | €4,192 | €5,579 | +€1,387 | +33.1% |
| Recurring financial income | 75 | €4,192 | €5,579 | +€1,387 | +33.1% |
| Financial charges | 65/66B | €965 | €829 | -€136 | -14.1% |
| Recurring financial charges | 65 | €965 | €829 | -€136 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €35,111 | -€2,964 | -€38,075 | |
| Income taxes | 67/77 | €10,262 | €1,654 | -€8,607 | -83.9% |
| Profit (loss) for the period | 9904 | €24,849 | -€4,618 | -€29,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,849 | -€4,618 | -€29,467 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.