GITS: 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.
GITS
Largest movements
- Stocks and contracts -€8,585
down €8,585 (-11.6%), from €74,043 to €65,457
- Receivables within one year +€7,493
up €7,493 (+4.8%), from €154,713 to €162,206
of which Trade receivables: +€5,834
- Tangible fixed assets -€6,388
down €6,388 (-52.9%), from €12,066 to €5,678
of which Land and buildings: -€6,123
- Short-term financial debts -€5,959
down €5,959 (-24.9%), from €23,946 to €17,987
- Depreciation -€5,887
down €5,887 (-48.0%), from €12,276 to €6,388
- Gross operating margin -€4,943
down €4,943 (-27.6%), from €17,900 to €12,956
- Financial charges -€954
down €954 (-23.2%), from €4,118 to €3,164
- Other operating charges +€491
up €491 (+10.2%), from €4,803 to €5,293
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,091 | €239,570 | -€7,521 | -3.0% |
| Fixed assets | 21/28 | €13,341 | €6,953 | -€6,388 | -47.9% |
| Tangible fixed assets | 22/27 | €12,066 | €5,678 | -€6,388 | -52.9% |
| Land and buildings | 22 | €11,801 | €5,678 | -€6,123 | -51.9% |
| Plant, machinery and equipment | 23 | €265 | - | -€265 | |
| Financial fixed assets | 28 | €1,274 | €1,274 | = | 0.0% |
| Current assets | 29/58 | €233,750 | €232,617 | -€1,133 | -0.5% |
| Stocks and contracts in progress | 3 | €74,043 | €65,457 | -€8,585 | -11.6% |
| Stocks | 30/36 | €74,043 | €65,457 | -€8,585 | -11.6% |
| Amounts receivable within one year | 40/41 | €154,713 | €162,206 | +€7,493 | +4.8% |
| Trade receivables | 40 | €136,438 | €142,272 | +€5,834 | +4.3% |
| Other amounts receivable | 41 | €18,274 | €19,934 | +€1,660 | +9.1% |
| Cash at bank and in hand | 54/58 | €4,690 | €4,954 | +€263 | +5.6% |
| Deferred charges and accrued income | 490/1 | €304 | - | -€304 | |
| Total equity and liabilities | 10/49 | €247,091 | €239,570 | -€7,521 | -3.0% |
| Equity | 10/15 | -€69,096 | -€70,919 | -€1,823 | -2.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €9,993 | €9,993 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €8,093 | €8,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,089 | -€99,912 | -€1,823 | -1.9% |
| Amounts payable | 17/49 | €316,187 | €310,488 | -€5,698 | -1.8% |
| Amounts payable within one year | 42/48 | €316,187 | €310,488 | -€5,698 | -1.8% |
| Financial debts | 43 | €23,946 | €17,987 | -€5,959 | -24.9% |
| Credit institutions | 430/8 | €23,946 | €17,987 | -€5,959 | -24.9% |
| Trade debts | 44 | €411 | €598 | +€187 | +45.4% |
| Suppliers | 440/4 | €411 | €598 | +€187 | +45.4% |
| Other amounts payable | 47/48 | €291,830 | €291,904 | +€74 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,276 | €6,388 | -€5,887 | -48.0% |
| Other operating charges | 640/8 | €4,803 | €5,293 | +€491 | +10.2% |
| Gross operating margin | 9900 | €17,900 | €12,956 | -€4,943 | -27.6% |
| Operating profit (loss) | 9901 | €821 | €1,275 | +€453 | +55.2% |
| Financial income | 75/76B | €16 | €66 | +€50 | +303.9% |
| Recurring financial income | 75 | €16 | €66 | +€50 | +303.9% |
| Financial charges | 65/66B | €4,118 | €3,164 | -€954 | -23.2% |
| Recurring financial charges | 65 | €4,118 | €3,164 | -€954 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,280 | -€1,823 | +€1,457 | +44.4% |
| Profit (loss) for the period | 9904 | -€3,280 | -€1,823 | +€1,457 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,280 | -€1,823 | +€1,457 | +44.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2022 and 31 July 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.