GITS: 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.
GITS
Largest movements
- Receivables within one year +€19,458
up €19,458 (+99.8%), from €19,501 to €38,959
of which Trade receivables: +€18,414
- Cash -€10,849
down €10,849 (-50.9%), from €21,321 to €10,472
mainly Receivables within one year (-€19,458) and Debts after one year (-€2,316)
- Tangible fixed assets -€4,164
down €4,164 (-71.3%), from €5,841 to €1,677
- Reserves +€8,916
up €8,916 (+38.4%), from €23,248 to €32,164
of which Distributable reserves: +€8,916
- Debts after one year -€2,316
down €2,316 (-100.0%), from €2,316 to €0
- Current portion of long-term debt -€2,249
down €2,249 (-49.3%), from €4,565 to €2,316
- Trade debts -€516
down €516 (-31.0%), from €1,666 to €1,150
- Gross operating margin +€24,167
up €24,167 (+41.1%), from €58,844 to €83,011
- Staff costs +€3,138
up €3,138 (+4.8%), from €64,825 to €67,964
- Taxes +€1,122
up €1,122 (+701.0%), from €160 to €1,282
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 | €46,998 | €51,155 | +€4,157 | +8.8% |
| Fixed assets | 21/28 | €5,841 | €1,677 | -€4,164 | -71.3% |
| Tangible fixed assets | 22/27 | €5,841 | €1,677 | -€4,164 | -71.3% |
| Furniture and vehicles | 24 | €5,841 | €1,677 | -€4,164 | -71.3% |
| Current assets | 29/58 | €41,157 | €49,478 | +€8,321 | +20.2% |
| Amounts receivable within one year | 40/41 | €19,501 | €38,959 | +€19,458 | +99.8% |
| Trade receivables | 40 | €14,071 | €32,485 | +€18,414 | +130.9% |
| Other amounts receivable | 41 | €5,430 | €6,473 | +€1,043 | +19.2% |
| Cash at bank and in hand | 54/58 | €21,321 | €10,472 | -€10,849 | -50.9% |
| Deferred charges and accrued income | 490/1 | €335 | €47 | -€288 | -86.0% |
| Total equity and liabilities | 10/49 | €46,998 | €51,155 | +€4,157 | +8.8% |
| Equity | 10/15 | €29,448 | €38,364 | +€8,916 | +30.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,248 | €32,164 | +€8,916 | +38.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €21,393 | €30,309 | +€8,916 | +41.7% |
| Amounts payable | 17/49 | €17,550 | €12,791 | -€4,759 | -27.1% |
| Amounts payable after more than one year | 17 | €2,316 | €0 | -€2,316 | -100.0% |
| Financial debts | 170/4 | €2,316 | €0 | -€2,316 | -100.0% |
| Amounts payable within one year | 42/48 | €15,234 | €12,791 | -€2,443 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €4,565 | €2,316 | -€2,249 | -49.3% |
| Trade debts | 44 | €1,666 | €1,150 | -€516 | -31.0% |
| Suppliers | 440/4 | €1,666 | €1,150 | -€516 | -31.0% |
| Taxes, remuneration and social security | 45 | €9,003 | €9,325 | +€321 | +3.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €9,003 | €9,325 | +€321 | +3.6% |
| Remuneration, social security and pensions | 62 | €64,825 | €67,964 | +€3,138 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,164 | €4,164 | -€0 | 0.0% |
| Other operating charges | 640/8 | €642 | €661 | +€20 | +3.0% |
| Gross operating margin | 9900 | €58,844 | €83,011 | +€24,167 | +41.1% |
| Operating profit (loss) | 9901 | -€10,787 | €10,222 | +€21,009 | |
| Financial income | 75/76B | €171 | €162 | -€9 | -5.3% |
| Recurring financial income | 75 | €171 | €162 | -€9 | -5.3% |
| Financial charges | 65/66B | €236 | €186 | -€50 | -21.1% |
| Recurring financial charges | 65 | €236 | €186 | -€50 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,852 | €10,198 | +€21,049 | |
| Income taxes | 67/77 | €160 | €1,282 | +€1,122 | +701.0% |
| Profit (loss) for the period | 9904 | -€11,012 | €8,916 | +€19,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,012 | €8,916 | +€19,928 |
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 11 October 2026 via checked.be.