GITONIC CORPORATION: 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.
GITONIC CORPORATION
Largest movements
- Tangible fixed assets +€337,246
up €337,246 (+685%), from €49,243 to €386,490
of which Assets under construction and advance payments: +€323,088
- Cash -€127,147
down €127,147 (-54.1%), from €234,853 to €107,706
mainly Investment in fixed assets (net) (-€364,404) and Net result for the year (-€67,794)
- Debts after one year +€230,741
up €230,741 (+250%), from €92,461 to €323,203
- Profit (loss) carried forward -€67,794
new in 2025: -€67,794
- Tax, wage and social debts +€49,253
up €49,253 (+112%), from €44,127 to €93,380
of which Remuneration and social security: +€42,073
- Current portion of long-term debt +€13,442
up €13,442 (+294%), from €4,570 to €18,013
- Trade debts -€13,316
down €13,316 (-4.5%), from €294,907 to €281,591
- Turnover +€869,768
new in 2025: €869,768
- Purchases and services +€366,761
new in 2025: €366,761
- Staff costs +€185,562
up €185,562 (+54.8%), from €338,890 to €524,452
- Gross operating margin +€124,873
up €124,873 (+33.0%), from €378,134 to €503,006
- Depreciation +€10,291
up €10,291 (+72.7%), from €14,149 to €24,440
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 | €484,169 | €697,126 | +€212,956 | +44.0% |
| Fixed assets | 21/28 | €63,613 | €403,577 | +€339,964 | +534% |
| Intangible fixed assets | 21 | €14,195 | €16,913 | +€2,718 | +19.1% |
| Tangible fixed assets | 22/27 | €49,243 | €386,490 | +€337,246 | +685% |
| Furniture and vehicles | 24 | €27,043 | €46,108 | +€19,065 | +70.5% |
| Leasing and similar rights | 25 | €22,012 | €17,162 | -€4,850 | -22.0% |
| Other tangible fixed assets | 26 | €188 | €132 | -€57 | -30.1% |
| Assets under construction and advance payments | 27 | - | €323,088 | +€323,088 | |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €420,556 | €293,548 | -€127,008 | -30.2% |
| Stocks and contracts in progress | 3 | €8,229 | €10,327 | +€2,098 | +25.5% |
| Stocks | 30/36 | €8,229 | €10,327 | +€2,098 | +25.5% |
| Amounts receivable within one year | 40/41 | €162,429 | €163,644 | +€1,216 | +0.7% |
| Trade receivables | 40 | €127,179 | €148,638 | +€21,459 | +16.9% |
| Other amounts receivable | 41 | €35,250 | €15,007 | -€20,243 | -57.4% |
| Cash at bank and in hand | 54/58 | €234,853 | €107,706 | -€127,147 | -54.1% |
| Deferred charges and accrued income | 490/1 | €15,045 | €11,871 | -€3,174 | -21.1% |
| Total equity and liabilities | 10/49 | €484,169 | €697,126 | +€212,956 | +44.0% |
| Equity | 10/15 | €40,256 | -€27,538 | -€67,794 | |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €27,056 | €27,056 | = | 0.0% |
| Distributable reserves | 133 | €27,056 | €27,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€67,794 | -€67,794 | |
| Amounts payable | 17/49 | €443,914 | €724,664 | +€280,750 | +63.2% |
| Amounts payable after more than one year | 17 | €92,461 | €323,203 | +€230,741 | +250% |
| Financial debts | 170/4 | €92,461 | €323,203 | +€230,741 | +250% |
| Amounts payable within one year | 42/48 | €351,399 | €401,408 | +€50,009 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €4,570 | €18,013 | +€13,442 | +294% |
| Financial debts | 43 | €1,677 | - | -€1,677 | |
| Other loans | 439 | €1,677 | - | -€1,677 | |
| Trade debts | 44 | €294,907 | €281,591 | -€13,316 | -4.5% |
| Suppliers | 440/4 | €294,907 | €281,591 | -€13,316 | -4.5% |
| Advances received on contracts in progress | 46 | €100 | €100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €44,127 | €93,380 | +€49,253 | +112% |
| Taxes | 450/3 | €9,131 | €16,310 | +€7,180 | +78.6% |
| Remuneration and social security | 454/9 | €34,997 | €77,070 | +€42,073 | +120% |
| Other amounts payable | 47/48 | €6,018 | €8,325 | +€2,306 | +38.3% |
| Accrued charges and deferred income | 492/3 | €53 | €53 | = | 0.0% |
| Turnover | 70 | - | €869,768 | +€869,768 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €366,761 | +€366,761 | |
| Remuneration, social security and pensions | 62 | €338,890 | €524,452 | +€185,562 | +54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,149 | €24,440 | +€10,291 | +72.7% |
| Other operating charges | 640/8 | €1,534 | €5,050 | +€3,516 | +229% |
| Non-recurring operating charges | 66A | €1,504 | - | -€1,504 | |
| Gross operating margin | 9900 | €378,134 | €503,006 | +€124,873 | +33.0% |
| Operating profit (loss) | 9901 | €22,057 | -€50,935 | -€72,992 | |
| Financial income | 75/76B | €89 | €202 | +€112 | +126% |
| Recurring financial income | 75 | €89 | €202 | +€112 | +126% |
| Financial charges | 65/66B | €3,914 | €12,530 | +€8,615 | +220% |
| Recurring financial charges | 65 | €3,914 | €12,530 | +€8,615 | +220% |
| Profit (loss) for the period before taxes | 9903 | €18,232 | -€63,263 | -€81,495 | |
| Income taxes | 67/77 | €6,961 | €4,531 | -€2,431 | -34.9% |
| Profit (loss) for the period | 9904 | €11,271 | -€67,794 | -€79,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,271 | -€67,794 | -€79,064 |
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 25 October 2026 via checked.be.